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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. 

04.10.25
Ross Gobel

Top Tax-Saving Strategies for Pre-Retirees: Smart Moves for High-Income Earners Approaching Retirement

Blog
Retirement 401k
Wealth Management

As you stand at the peak of your professional life—whether as a business owner, executive, or seasoned investor—the view is impressive. You’ve built something remarkable. The question is no longer...

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04.09.25

Businesses considering incorporation should beware of the reasonable compensation conundrum

Articles
Business Owners
Advisory

Small to midsize businesses have valid reasons for incorporating, not the least of which is putting that cool “Inc.” at the end of their names. Other reasons include separating owners’...

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04.08.25

An essential tax deadline is coming up — and it’s unrelated to your 2024 return filing

Articles
Individual Tax & Planning

Tuesday, April 15 is the deadline for filing your 2024 tax return. But another tax deadline is coming up the same day, and it’s essential for certain taxpayers. It’s the...

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04.07.25
Spencer Davies, CFP®

How to Transition Your Business to Family or Employees: Don’t Let Legacy Become Liability

Blog
Business Owners
Wealth Management
Advisory

Key Takeaway: You built your business with strategy, sacrifice, and stamina—but transitioning it requires a different kind of discipline. Whether you’re eyeing family members or key employees, the earlier you...

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04.07.25

Small business alert: Watch out for the 100% penalty

Articles
Business Owners
Advisory

Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from employees’ paychecks. In this situation,...

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04.02.25

Is your business on top of its tech stack?

Articles
Business Owners
Advisory

Like many business owners, you’ve probably received a lot of technology advice. One term you may hear frequently is “tech stack.” Information technology (IT) folks love to throw this one...

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04.01.25

Hot Topic Webinar: Quarterly Economic Update

Webinar
Wealth Management

This presentation is offered for educational purposes only and should not be considered a comprehensive review or analysis of the topics discussed today. These materials are not a substitute for...

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04.01.25

Discover if you qualify for “head of household” tax filing status

Articles
Families
Individual Tax & Planning

When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household or qualifying widow(er). Only some people...

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03.31.25

Are you a tax-favored real estate professional?

Articles
Individual Tax & Planning

For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally deduct PALs only to the extent...

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03.26.25

Business owners should get comfortable with their financial statements

Articles
Business Owners
Audit & Assurance

Financial statements can fascinate accountants, investors and lenders. However, for business owners, they may not be real page-turners. The truth is each of the three parts of your financial statements...

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03.25.25

Deduct a loss from making a personal loan to a relative or friend

Articles
Individual Tax & Planning

Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to help by making...

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03.25.25
Cory M. Parnell, CPA

FinCEN Updates Beneficial Ownership Rules: Domestic Companies Exempt, Foreign Companies Face New Deadlines

Blog
Business Owners
Beneficial Ownership Information Filing (BOI)

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN), aligning with the U.S. Department of Treasury’s recent directive, issued an interim final rule that narrows the beneficial ownership (BOI)...

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03.25.25
Cory M. Parnell, CPA

Navigating Staffing Changes: A Guide for Business Owners to Strengthen Accounting Operations

Blog
Business Owners
Advisory

As a business owner, navigating through staffing changes can often feel like steering a ship through uncharted waters, especially when it comes to maintaining the efficiency and integrity of your...

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03.24.25

6 essential tips for small business payroll tax compliance

Articles
Business Owners
Business Tax

Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal consequences. Below are six quick tips to help...

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03.19.25

Turning stock downturns into tax advantages

Articles
Individual Tax & Planning

Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While such an investment might be...

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