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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. 

12.26.24
Cory M. Parnell, CPA

Injunction lifted; FinCEN extends most BOI deadlines to January 13, 2025

Blog
Beneficial Ownership Information Filing (BOI)

On December 23, 2024, The Fifth Circuit Court of Appeals issued a stay on the district court’s nationwide injunction against the Corporate Transparency Act (CTA). As a result, BOI reporting...

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12.23.24

Operating as a C corporation: Weigh the benefits and drawbacks

Articles
Business Owners
Business Tax

When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and disadvantages that may significantly affect your business operations...

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12.23.24

Hot Topic Webinar: Annual Economic Update

Webinar
Wealth Management

Wednesday, January 29, 2025 from 12 to 1 PM CT. Ready to dive into the key economic and market themes as we head into the new year? Join us online...

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12.23.24
Ben Ogren

Minnesota’s Cannabis Licensing Cycle: A Path Forward for Social Equity and Market Launch

Blog
Cannabis

Author: Ben Ogren, Cannabis Consultant at Bridge West Consulting Minnesota’s cannabis industry is gearing up for a fresh start as the Office of Cannabis Management (OCM) announced the launch of...

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12.18.24

Embrace the future: Sales forecasting for businesses

Articles
Business Owners
Outsourced Accounting

So, how are sales looking for next year? It’s not a rhetorical question. Your business should be able to look ahead and accurately estimate how its future sales are shaping...

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12.17.24
Jake Thibault

Tax Planning Tips for Exercising Stock Options

Blog
Wealth Management
Individual Tax & Planning

Stock options have become a powerful tool in modern compensation packages, offering employees the potential for significant financial growth. However, the path to maximizing their value is fraught with complex...

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12.16.24

The tax treatment of intangible assets

Articles
Business Owners
Business Tax

Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in today’s businesses. The tax treatment of these assets can be complex, but businesses need to understand...

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12.16.24

November Market Review

Articles
Market Review
Wealth Management

Riding the Wave Post-Election Optimism Fuels U.S. Markets While Global Uncertainty Lingers  November 2024 Key Observations A Republican victory fueled a rally in the U.S. equity markets in anticipation of...

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12.12.24
Corey W. Edmunds, CPA, MBT

Now’s the Time to Start Year-End Tax Planning for 2024

Blog
Business Tax
Individual Tax & Planning

As the year draws to a close, you’ll want to make critical tax-planning decisions that can significantly impact your company’s financial standing. Whether it involves purchases, deferring expenses, maximizing credits,...

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12.12.24
Dane J. Boeckermann, CPA

Year-End Accounting Checklist: 10 Things to Cross off Your List

Blog
Families
Executives
Business Owners
Advisory
Audit & Assurance
Outsourced Accounting

As 2024 winds down, you should square away several accounting tasks. Your accounting books should be organized, up-to-date, and ready to transition into a new year. To prepare for 2025,...

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12.11.24

Your guide to Medicare premiums and taxes policies

Articles
Retirees
Retirement 401k

Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes...

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12.09.24
Cory M. Parnell, CPA

2025 Cannabis Industry Predictions and Insights

Blog
Cannabis

As we transition into 2025, the cannabis industry stands at a pivotal juncture, influenced by the outcomes of the 2024 elections and evolving market dynamics. This article delves into the...

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12.09.24

Drive down your business taxes with local transportation cost deductions

Articles
Business Owners
Business Tax

Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely incur various local transportation expenses each year, and they...

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12.06.24
Cory M. Parnell, CPA

Urgent Update: CTA and BOI Reporting

Blog
Business Owners
Beneficial Ownership Information Filing (BOI)

On December 3, 2024, a U.S. District Court in the Eastern District of Texas issued a nationwide preliminary injunction halting the enforcement of the Corporate Transparency Act (CTA) and its...

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12.05.24

Does your small business need to file a BOI report? The deadline is approaching

Articles
Business Owners
Beneficial Ownership Information Filing (BOI)

Many U.S. small business owners must report beneficial ownership information (BOI) to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) by January 1, 2025. With this deadline fast approaching, here’s...

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