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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. 

11.26.18

When Holiday Gifts and Parties are Deductible or Taxable

Articles
Business Owners
Business Tax

The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties. Before you begin shopping or...

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11.06.18

Time for NQDC Plan Deferral Elections

Articles
Business Owners
Business Tax

If you’re an executive or other key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan. As the name suggests, NQDC plans pay employees in the future...

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11.01.18

Change Management Doesn’t Have to be Scary

Articles
Business Owners
Advisory

Business owners are constantly bombarded with terminology and buzzwords. Although you probably feel a need to keep up with the latest trends, you also may find that many of these...

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10.01.18

Could a Cost Segregation Study Help You Accelerate Depreciation Deductions?

Articles
Business Owners
Business Tax

Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It may allow you to accelerate depreciation...

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09.26.18

No Risky Business Here: BGM Now Offering Risk Assessment Services

News

You already trust BGM for best-in-class CPA and Advisory services. Did you know that we also offer risk assessment services? Since 2009, we’ve been in partnership with AC3, a Twin...

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09.18.18

The Tax Deduction Ins and Outs of Donating Artwork to Charity

Articles
Families
Individual Tax & Planning
Family Office

If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating appreciated property is doubly beneficial...

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09.17.18

Be Sure Your Employee Travel Expense Reimbursements Will Pass Muster with the IRS

Articles
Business Owners
Business Tax

Does your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and retain employees. If you don’t, you might want to start,...

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09.11.18

You Might Save Tax if Your Vacation Home Qualifies as a Rental Property

Articles
Families
Individual Tax & Planning

Do you own a vacation home? If you both rent it out and use it personally, you might save tax by taking steps to ensure it qualifies as a rental...

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08.24.18

IRS Issues Guidance on New Bonus Depreciation Rules

Articles
Business Owners
Business Tax

The Tax Cuts and Jobs Act (TCJA) significantly expands bonus depreciation under Section 168(k) of the Internal Revenue Code for both regular tax and alternative minimum tax (AMT) purposes. Now,...

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08.21.18

Play Your Tax Cards Right with Gambling Wins and Losses

Articles
Families
Individual Tax & Planning

If you gamble, be sure you understand the tax consequences. Both wins and losses can affect your income tax bill. And changes under the Tax Cuts and Jobs Act (TCJA)...

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07.24.18

Why the “Kiddie Tax” is More Dangerous Than Ever

Articles
Families
Individual Tax & Planning

Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of their young children or grandchildren in lower income tax brackets....

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07.11.18

Three Keys to a Successful Accounting System Upgrade

Articles
Business Owners
Outsourced Accounting
Technology

Technology is tricky. Much of today’s software is engineered so well that it will perform adequately for years. But new and better features are being created all the time. And...

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06.25.18

Choosing the Best Business Entity Structure Post-TCJA

Articles
Business Owners
Advisory

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C...

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06.13.18

Two Tax Law Changes That May Affect Your Business’s 401(k) Plan

Articles
Business Owners
Retirement 401k

When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks....

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06.13.18

The Tax Impact of the TCJA on Estate Planning

Articles
Families
Family Office

The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and...

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