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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. 

03.05.24

Webinar: Trulieve Cannabis Corp. Receives Tax Refunds: What Does This Potentially Mean & What’s Next?

Event
Webinar
Cannabis
Business Tax

This comprehensive session with Greenspoon Marder LLP navigates the complexities of tax refund claims and strategies, inspired by Trulieve’s recent significant tax refund success. This session delves into the intricacies...

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03.05.24

A job loss is bad but the tax implications could make it worse

Articles
Team Members
Individual Tax & Planning

Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries including technology and media. If you’re laid off...

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A fractionl CFO working on a computer at her desk.
03.05.24
Cory M. Parnell, CPA

What are Fractional CFO Services?

Blog
Outsourced Accounting

In the dynamic business world, having a seasoned financial strategist can be the difference between thriving and merely surviving. For many start ups, small and medium-sized enterprises, the solution doesn’t...

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03.04.24

Better tax break when applying the research credit against payroll taxes

Articles
Business Owners
Business Tax

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit...

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A formula 1 car alone on a race track. The bckground is blurred, indicting that the car is moving very quickly and is ahead of the other cars.
03.01.24
Jon T. Meyer, CFP®

Estate Planning for Business Owners & BOI Reporting in 2024

Blog
Business Owners
Wealth Management
Trusts

Key Takeaway: With the coming estate law changes at the end of 2025, estate planning takes on a bit more urgency if you have a large estate. This is especially...

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02.28.24

Applying for a commercial loan with confidence

Articles
Business Owners
Business Tax

Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the form of a commercial...

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02.27.24

New option for unused funds in a 529 college savings plan

Articles
Families
Family Office

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow tax deferred....

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02.26.24

Tax-wise ways to take cash from your corporation while avoiding dividend treatment

Articles
Business Owners
Individual Tax & Planning

If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a dividend distribution...

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A scientist in a medical facility examining a Cannabis plant.
02.26.24
Cory M. Parnell, CPA

Exploring Cannabis Schedule 3: The Potential of a Historic Reclassification

Blog
Cannabis

The ongoing debate over reclassifying cannabis from Schedule I to Schedule III under the Controlled Substances Act is a pivotal discussion in the realms of public policy, health, and economics....

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02.21.24

Small businesses can help employees save for retirement, too

Articles
Business Owners
Retirement 401k

Many small business owners run their companies as leanly as possible. This often means not offering what are considered standard fringe benefits for midsize or larger companies, such as a...

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02.20.24
Cory M. Parnell, CPA

Difference Between Delta 8 and Delta 9 THC: Tax and Legal Compliance

Blog
Cannabis

In the cannabis industry, business owners must stay informed about the products they deal with and their financial implications. Two cannabinoids that have been the subject of much discussion are...

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02.20.24

If you didn’t contribute to an IRA last year, there’s still time

Articles
Families
Retirement 401k

If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to...

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02.19.24
Jon T. Meyer, CFP®

Wealth Building Strategy: Are You Playing Checkers or Chess?

Newsletter
Advisory
Wealth Management

Key Takeaway: Often in life, we can sit back and watch those playing checkers versus chess. Chess players play a longer-term game that is more strategic and has bigger payoffs....

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02.19.24
Joshua Rapp

Maximize Your Savings: Unlocking 401(k) Tax Credits for Small Businesses

Newsletter
Advisory
Retirement 401k

The original SECURE Act and SECURE Act 2.0 provide significant tax credits for eligible small businesses. There are now three distinct tax credits for 401(k) plan fees or contributions paid...

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02.16.24
Kim Scharber

Tax Insights: What You Need to Know for This Year’s Filing

Newsletter
Advisory
Business Tax
Individual Tax & Planning

Tax time is upon us once again, and at BGM, we are fully equipped to assist you in preparing your 2023 tax returns. The process has already commenced, with all...

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