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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. 

A graphic showing connecting files hovering over a laptop with a professional working on it
04.08.24

Scrupulous records and legitimate business expenses are the key to less painful IRS audits

Articles
Business Owners
Business Tax

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...

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a business owner reviewing business continuity documents with his advisor
04.01.24

Business Continuity: What’s the Back-Up Plan?

Event
Webinar
Business Owners
Advisory

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...

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03.25.24

BGM Named to Accounting Today’s “Regional Leaders Top Firms: Midwest” List

News

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...

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a graphic showing two gears working together with the word Depreciation beneath it
03.25.24

Coordinating Sec. 179 tax deductions with bonus depreciation

Articles
Business Owners
Business Tax

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...

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a graphic showing the words Health Insurance surrounding by related terms
03.20.24

Should your business change its health care plan for next year?

Articles
Business Owners
Business Tax

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...

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Wooden blocks with business symbols on them next to two wooden blocks shaped like employees
03.18.24

Bartering is a taxable transaction even if no cash is exchanged

Articles
Business Owners
Business Tax

If your small business is strapped for cash (or likes to save money), you may find it beneficial to barter or trade for goods and services. Bartering isn’t new —...

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Wooden blocks spelling out CFO
03.15.24

Webinar: Business Enterprise Excellence: Chaos to Clarity Driven By Fractional CFO

Event
Webinar
Business Owners
Outsourced Accounting

Speakers: Cory Parnell, Patrick Wheeler, Brian Stueve In today’s dynamic business environment, mastering financial complexities is crucial for growth and stability. This session delves into the innovative approach of fractional...

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a graphic showing cannabis plants with an overlay of dollars and coins on it
03.05.24

Webinar: Trulieve Cannabis Corp. Receives Tax Refunds: What Does This Potentially Mean & What’s Next?

Event
Webinar
Cannabis
Business Tax

This comprehensive session with Greenspoon Marder LLP navigates the complexities of tax refund claims and strategies, inspired by Trulieve’s recent significant tax refund success. This session delves into the intricacies...

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A fractionl CFO working on a computer at her desk.
03.05.24
Cory M. Parnell, CPA

What are Fractional CFO Services?

Blog
Outsourced Accounting

In the dynamic business world, having a seasoned financial strategist can be the difference between thriving and merely surviving. For many start ups, small and medium-sized enterprises, the solution doesn’t...

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a graphic showing hands holding an icon of a group of people and a target behind them
03.04.24

Better Tax Break When Applying The Research Credit Against Payroll Taxes

Articles
Business Owners
Business Tax

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit...

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A formula 1 car alone on a race track. The bckground is blurred, indicting that the car is moving very quickly and is ahead of the other cars.
03.01.24
Jon T. Meyer, CFP®

Estate Planning for Business Owners & BOI Reporting in 2024

Blog
Business Owners
Wealth Management
Trusts

Key Takeaway: With the coming estate law changes at the end of 2025, estate planning takes on a bit more urgency if you have a large estate. This is especially...

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A business owner shaking the hand of a loan officer
02.28.24

Applying for a commercial loan with confidence

Articles
Business Owners
Business Tax

Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the form of a commercial...

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A scientist in a medical facility examining a Cannabis plant.
02.26.24
Cory M. Parnell, CPA

Exploring Cannabis Schedule 3: The Potential of a Historic Reclassification

Blog
Cannabis

The ongoing debate over reclassifying cannabis from Schedule I to Schedule III under the Controlled Substances Act is a pivotal discussion in the realms of public policy, health, and economics....

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a closeup of the top of a sprouting cannabis plant
02.20.24
Cory M. Parnell, CPA

Delta 8 vs. Delta 9: Tax and Legal Insights

Blog
Cannabis

In the cannabis industry, business owners must stay informed about the products they deal with and their financial implications. Two cannabinoids that have been the subject of much discussion are...

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a person playing chess
02.19.24
Jon T. Meyer, CFP®

Wealth Building Strategy: Are You Playing Checkers or Chess?

Newsletter
Advisory
Wealth Management

Key Takeaway: Often in life, we can sit back and watch those playing checkers versus chess. Chess players play a longer-term game that is more strategic and has bigger payoffs....

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“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.