News + Insights

BGM is pleased to announce that the Firm has been named a 2024 Top Workplace by the Star Tribune! Top Workplace award recipients are determined by employee feedback from a...

Employees, self-employed individuals and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people don’t fully understand the Social Security tax they...

Employee Fringe Benefits Make Your Company a More Attractive Employer As economic conditions remain unsteady, companies of all sizes are seeking ways to grow without taking on excessive risk. One...

With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge, you and your child could...

From the minute they open their doors, business owners are urged to keep a close eye on cash flow. And for good reason — even companies with booming sales can...

Do you invest in mutual funds or are you interested in putting some money into them? If so, you’re part of a large group. According to the Investment Company Institute,...

The Corporate Transparency Act (CTA), effective from January 1, 2024, introduces significant changes in the way businesses report their beneficial ownership information (BOI). These changes are designed to enhance transparency...

Since BGM started working with cannabis and hemp companies in 2009, one of the most challenging accounting and tax issues has been determining inventory costs. Determining inventory costs is a...

This presentation is offered for educational purposes only and should not be considered a comprehensive review or analysis of the topics discussed today. These materials are not a substitute for...

In the competitive professional industry, the ability to foresee and adapt to changing circumstances is crucial for maintaining profitability. Leading indicators are proactive metrics that provide early insights into your...

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes....

Earlier this week, the Associated Press reported that the DEA would reclassify marijuana as a less dangerous drug and ease some federal restrictions. While this has been accurately reported as...

If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires donors and...

Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d like to turn...

This presentation is offered for educational purposes only and should not be considered a comprehensive review or analysis of the topics discussed today. These materials are not a substitute for...