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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. 

06.03.24

Inflation enhances the 2025 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based on inflation, and the adjustments are announced earlier...

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05.29.24

Timelines: 3 ways business owners should look at succession planning

Articles
Business Owners
Advisory

Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of ownership, in a manner that best ensures...

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05.28.24

Should you convert your business from a C to an S corporation?

Articles
Business Owners
Business Tax

Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations and S corporations....

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05.28.24

Hot Topic Webinar: Estate Planning 201

Event
Webinar
Wealth Management
Trusts

So you have a will, but what else should you do for your estate? Watch the replay of our webinar from Wednesday, June 26, to learn more. We looked at...

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05.22.24

Could conversational marketing speak to your business?

Articles
Business Owners
Advisory

Businesses have long been advised to engage in active dialogues with their customers and prospects. The problem was, historically, these interactions tended to take a long time. Maybe you sent...

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Fractional CFOs working on documents with graphs and charts showing leading indicators for strategic management
05.21.24
Cory M. Parnell, CPA

Fractional CFOs, Professional Services Firms, and Using Leading Indicators to Boost Profitability

Blog
Professional Services
Outsourced Accounting

In the competitive professional industry, the ability to foresee and adapt to changing circumstances is crucial for maintaining profitability. Leading indicators are proactive metrics that provide early insights into your...

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05.21.24

A three-step strategy to save tax when selling appreciated vacant land

Articles
Real Estate Developers
Advisory

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you...

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05.20.24

Tax tips when buying the assets of a business

Articles
Business Owners
Advisory

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes....

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05.15.24

Businesses must face the reality of cyberattacks and continue fighting back

Articles
Business Owners
Advisory

With each passing year, as networked technology becomes more and more integral to how companies do business, a simple yet grim reality comes further into focus: The cyberattacks will continue....

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05.14.24
Jacob Irving, J.D.

Marijuana Rescheduling: What does this mean for me and my cannabis business?

Blog
Cannabis

Earlier this week, the Associated Press reported that the DEA would reclassify marijuana as a less dangerous drug and ease some federal restrictions. While this has been accurately reported as...

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05.14.24

When do valuable gifts to charity require an appraisal?

Articles
Individual Tax & Planning

If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires donors and...

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05.13.24

The tax advantages of including debt in a C corporation capital structure

Articles
Business Owners
Business Tax

Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more capital. You should know that the federal...

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05.08.24

8 key features of a customer dispute resolution process for businesses

Articles
Business Owners
Advisory

No matter how carefully and congenially you run your business, customer disputes will likely happen from time to time. Some of the complaints may be people looking to negotiate a discount,...

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05.07.24

Pay attention to the tax rules if you turn a hobby into a business

Articles
Advisory

Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d like to turn...

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05.06.24

Hot Topic Webinar: Estate Planning 101

Event
Webinar
Wealth Management
Trusts

What should you do to put a basic estate plan in place? Watch the replay of our webinar from Wednesday, May 22, to learn more. We discussed issues and documents...

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