News + Insights

Co-hosted with BGM and MBO Ventures Watch our insightful session on “Cannabis ESOPs: Why an ESOP is an Industry Game Changer.” Business owners who are considering selling their business should...

If your company operates in the business-to-business (B2B) marketplace, you’ve probably experienced some collections challenges. Every company, whether buyer or seller, is trying to manage cash flow. That means customers...

What Are Charitable Remainder Trusts? A Charitable Remainder Trust (CRT) can be an effective tool for managing the tax implications of selling a business while also benefiting a charity. A...

Maximizing Your Business Tax Strategy: The Value of Year-Round Tax Advisory Services Tax planning isn’t just about saving money and staying compliant. It should also optimize your business tax strategy...

Key Takeaway: You might be good at saving, but are you good at spending? Enjoying money is harder than it seems, but the jolt of retirement reminds us we must...

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income...

It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships such as an architecture or law firm....

For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options: fully insured or self-funded. A fully insured plan...

Key Takeaway: Many business owners wait until they are ready to sell their business to find out that they could have received a higher offer had they worked on some...

The cannabis industry is navigating through an ever-changing legal and tax landscape marked by significant milestones and complex challenges. Among these, the remarkable journey of Trulieve Cannabis Corp. in securing...

If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully record expenses to claim...

In today’s challenging and unpredictable business landscape, the question for business owners isn’t if unexpected events will occur, but when. This webinar, featuring Cory Parnell, CPA, Principal and CEO of...

BGM has been recognized by Accounting Today, making the list of the 2024 “Regional Leaders Top Firms: Midwest.” For the sixth consecutive year, BGM has earned a spot on the...

Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year Section 179 depreciation deductions...

Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their employer-sponsored coverage for next year, or perhaps...