News + Insights

Access Our Wealth of Knowledge

coffee and newspaper

Browse BGM’s collective financial knowledge across a wide variety of topics and industry specific insights, as well as the most up to date news on our firm. 

An older couple reviewing their financial portfolio
12.17.24
Jake Thibault, CFP®

Tax Planning Tips for Exercising Stock Options

Blog
Wealth Management
Individual Tax & Planning

Stock options have become a powerful tool in modern compensation packages, offering employees the potential for significant financial growth. However, the path to maximizing their value is fraught with complex...

Read More
A graphic showing the words Intangible Assets
12.16.24

The tax treatment of intangible assets

Articles
Business Owners
Business Tax

Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in today’s businesses. The tax treatment of these assets can be complex, but businesses need to understand...

Read More
a tax professional reviewing financial charts
12.16.24

November Market Review

Articles
Market Review
Wealth Management

Riding the Wave Post-Election Optimism Fuels U.S. Markets While Global Uncertainty Lingers  November 2024 Key Observations A Republican victory fueled a rally in the U.S. equity markets in anticipation of...

Read More
A graphic showing the year 2024 turning into 2025
12.12.24
Corey W. Edmunds, CPA, MBT

Now’s the Time to Start Year-End Tax Planning for 2024

Blog
Business Tax
Individual Tax & Planning

As the year draws to a close, you’ll want to make critical tax-planning decisions that can significantly impact your company’s financial standing. Whether it involves purchases, deferring expenses, maximizing credits,...

Read More
an analog clock, a coffee mug, and glasses
12.12.24
Dane J. Boeckermann, CPA

Year-End Accounting Checklist: 10 Things to Cross off Your List

Blog
Families
Executives
Business Owners
Advisory
Audit & Assurance
Outsourced Accounting

As 2024 winds down, you should square away several accounting tasks. Your accounting books should be organized, up-to-date, and ready to transition into a new year. To prepare for 2025,...

Read More
A picture of a cannabis leaf
12.09.24
Cory M. Parnell, CPA

2025 Cannabis Industry Predictions and Insights

Blog
Cannabis

As we transition into 2025, the cannabis industry stands at a pivotal juncture, influenced by the outcomes of the 2024 elections and evolving market dynamics. This article delves into the...

Read More
A graphic showing the words Employee Stock Ownership Plan on a sticky note
12.04.24

ESOPs can help business owners with succession planning

Articles
Business Owners
Retirement 401k

Devising and executing the right succession plan is challenging for most business owners. In worst-case scenarios, succession planning is left to chance until the last minute. Chaos, or at least...

Read More
A graphic showing the words Health Savings Account
12.02.24

Healthy savings: How tax-smart HSAs can benefit your small business and employees

Articles
Business Owners
Business Tax

As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a Health Savings Account (HSA). HSAs...

Read More
Overtime Pay written on the spine of a binder
11.26.24

Federal court rules against DOL’s “white collar” overtime rule

Articles
Advisory

A federal district court judge has struck down the Biden administration’s new rule regarding the salary threshold for determining whether certain employees are exempt from federal overtime pay requirements. The...

Read More
Business professional eating a meal together
11.25.24

When can you deduct business meals and entertainment?

Articles
Business Tax

You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed in recent years. Let’s take a look at what...

Read More
A couple looking at their home
11.22.24
Ross Gobel

Inheriting a Home: Should You Sell, Rent, or Keep It?

Blog
Young Inheritors
Wealth Management

Receiving a home as an inheritance comes with a mix of opportunity and complexity. Often, inherited properties come with ongoing tasks and emotional connections. When considering selling, renting, or keeping...

Read More
a line of heavy farming machinery
11.19.24
Nathan B. Panning, CPA

Tax Considerations for Purchasing Equipment Before Year-End: A Strategic Guide for 2024

Blog
Business Owners
Business Tax

As the end of the year approaches, many business owners start thinking about ways to reduce their tax liabilities for the current tax year. One common strategy is purchasing new...

Read More
Skyscrapers
11.19.24
Elizabeth Mylan

Piercing America’s Corporate Veil: A Historic Look at U.S. Anti-Money Laundering and Combating Terrorist Financing Legislation

Blog
Beneficial Ownership Information Filing (BOI)
Business Tax

The concept of the Corporate Veil is anchored in the principle of limited liability and has been a cornerstone of corporate law for centuries. Originating in English common law, this...

Read More
a tax professional reviewing financial charts
11.12.24
Nathan B. Panning, CPA

How Year-Round Planning Can Help You with Estimated Tax Payments

Blog
Business Tax
Individual Tax & Planning

Picture this: It’s April, and your tax preparer has sent you your tax return link with a note saying, “Please call me before opening.” You open without calling and are...

Read More
A graphic showing the words Nanny Tax spelled out with blocks
11.05.24

The nanny tax: What household employers need to know

Articles
Families
Individual Tax & Planning

Hiring household help, whether you employ a nanny, housekeeper or gardener, can significantly ease the burden of childcare and daily chores. However, as a household employer, it’s critical to understand...

Read More

“BGM” is the brand name under which BGM CPA, LLC and BGM Group, LLC provide professional services. BGM CPA, LLC and BGM Group, LLC practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. BGM CPA, LLC is a licensed independent CPA firm that provides attest services to its clients, and BGM Group, LLC and its subsidiary entities provide advisory, and business consulting services to their clients. BGM Group, LLC and its subsidiary entities are not licensed CPA firms. The entities falling under the BGM brand are independently owned and are not liable for the services provided by any other entity providing services under the BGM brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by BGM CPA, LLC and BGM Group, LLC.

BGM WEALTH: Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.