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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. 

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03.31.21

EIDL Loans, Restaurant Grants Offer Relief to Struggling Small Businesses

Articles
Business Owners
Advisory

The American Rescue Plan Act (ARPA), signed into law in early March, aims at offering widespread financial relief to individuals and employers adversely affected by the COVID-19 pandemic. The law...

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03.01.21

Work Opportunity Tax Credit extended through 2025

Articles
Business Owners
Business Tax

Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for...

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02.23.21

Didn’t contribute to an IRA last year? There still may be time

Articles
Families
Retirement 401k

If you’re getting ready to file your 2020 tax return, and your tax bill is higher than you’d like, there might still be an opportunity to lower it. If you...

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02.23.21
Michael P. Deegan, CPA

Making Sense of the Employee Retention Credit

Newsletter
Business Owners
Business Tax

The Consolidated Appropriations Act, 2021 (CAA), was signed into law on December 27, 2020, and, with respect to the Employee Retention Credit (ERC), the CAA did two things. First, the...

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02.23.21

Health Care in 2021

Newsletter
Families
Retirees
Advisory

As we all near the one-year mark of being locked up in our homes due to the coronavirus pandemic, I have started to think about how important our health is...

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02.23.21

Installing a Cash Balance Pension Plan for 2020 – There’s Still Time

Newsletter
Business Owners
Retirement 401k
Advisory

Per the SECURE Act (a bipartisan bill designed to aid Americans’ ability to save for retirement), a business owner now has until their tax filing deadline to install a 2020...

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02.16.21

What are the Tax Implications of Buying or Selling a Business?

Articles
Business Owners
Advisory

Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes out of the pandemic. If...

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02.10.21

The many uses of a SWOT analysis

Articles
Business Owners
Executives
Advisory

Using a strengths, weaknesses, opportunities and threats (SWOT) analysis to frame an important business decision is a long-standing recommended practice. But don’t overlook other, broader uses that could serve your...

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02.09.21

2021 individual taxes: Answers to your questions about limits

Articles
Families
Individual Tax & Planning

Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your 2020 individual tax return is due...

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02.04.21

The Importance of Inventory Observations

Blog
Cannabis
Audit & Assurance
Outsourced Accounting

For cannabis companies that require audited financial statements that conform with Generally Accepted Accounting Principles (GAAP), an auditor must observe their year-end inventory. Whether cannabis companies are retail dispensaries or...

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01.27.21

View your financial statements through the right lens

Articles
Business Owners
Outsourced Accounting
Audit & Assurance
Advisory

Many business owners generate financial statements, at least in part, because lenders and other stakeholders demand it. You’re likely also aware of how insightful properly prepared financial statements can be...

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01.27.21

2022 401(K) Planning

Newsletter
Families
Executives
Business Owners
Retirement 401k

As we work our way into 2022, there are a couple items in the retirement plan space that you should be aware of, including updates to 401(K) plan contributions, annual...

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12.29.20

Your taxpayer filing status: You may be eligible to use more than one

Articles
Families
Individual Tax & Planning

When it comes to taxes, December 31 is more than just New Year’s Eve. That date will affect the filing status box that will be checked on your 2020 tax...

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12.15.20

Year-End Considerations for Your Business

Blog
Business Owners
Outsourced Accounting

As 2020 nears a close, now is the time to put yourself and your business in good shape for 2021.  This blog discusses 1099-MISC and 1099-NEC and other expenses and...

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12.02.20

Want to Save Time and Money? Automate Your Accounting System

Blog
Business Owners
Outsourced Accounting
Technology

It is amazing how the daily use of technology in our business has changed what we can accomplish each day. Look at the use of cellphones, tablets, and computers. Each...

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