News + Insights

As a professional in the trust industry, a key discussion I have with clients is regarding the most effective methods for transferring wealth to the next generation. While outright gifts...

  Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a tax law...

It might seem like we just rang in the New Year, and suddenly, in the blink of an eye, the year is half over.  So it could come as a...

Receiving a significant inheritance can be a life-changing experience, offering both exciting opportunities and potential challenges. Whether the funds come from a family member’s estate or an unexpected inheritance, managing...

Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and if it is, how? It...

Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted. But there are established rules that generally apply...

The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined contribution plans. The final regs,...

Publicly traded and private companies often share a portion of the success with employees through equity compensation. One common method is called restricted stock units (RSUs). These can be an...

BGM will be exhibiting at the Minnesota CLE 2024 Cannabis Law Conference on July 31, 2024, at the Minnesota CLE Conference Center in Minneapolis. Date: Wednesday July 31, 2024, 9:00...

When the leadership teams of many companies engage in strategic planning, they may be inclined to play it safe. And that’s understandable; sticking to strengths and slow, measured growth are...

BGM, a nationally recognized top 200 accounting and advisory firm, is excited to announce the addition of SealedBid, a specialized lower mid-market mergers and acquisitions (M&A) firm based in Minneapolis,...

Key Takeaway: Strategy should always take precedence over tactics. This is especially true with all the investment solutions being touted as the answer to people’s main fear: losing money. However,...

The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers owe and what they actually pay. The...

Owning and running a company tends to test one’s patience. You wait for strategies to play out. You wait for materials, supplies or equipment to arrive. You wait for key...

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a buy-sell agreement. A well-drafted...