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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. 

08.01.24
Kenton Anderson

Midyear Tax Check-In: Do You Have an Optimized Tax Strategy?

Blog
Individual Tax & Planning

It might seem like we just rang in the New Year, and suddenly, in the blink of an eye, the year is half over.  So it could come as a...

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08.01.24
Ross Gobel

Key Steps to Take When You Inherit a Large Sum: A Financial Guide

Blog
Young Inheritors
Wealth Management

Receiving a significant inheritance can be a life-changing experience, offering both exciting opportunities and potential challenges. Whether the funds come from a family member’s estate or an unexpected inheritance, managing...

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07.31.24

The tax implications of disability income benefits

Articles
Individual Tax & Planning

Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and if it is, how? It...

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07.30.24

Business website expenses: How they’re handled for tax purposes

Articles
Business Owners
Business Tax

Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted. But there are established rules that generally apply...

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07.29.24

IRS issues final regulations on inherited IRAs

Articles
Retirement 401k

The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined contribution plans. The final regs,...

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07.25.24
Jake Thibault

An Introduction to Restricted Stock Units (RSUs): What Employees Need to Know

Blog
Team Members
Wealth Management

Publicly traded and private companies often share a portion of the success with employees through equity compensation. One common method is called restricted stock units (RSUs). These can be an...

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07.25.24

BGM is Exhibiting at the Minnesota CLE 2024 Cannabis Law Conference

Event
Cannabis

BGM will be exhibiting at the Minnesota CLE 2024 Cannabis Law Conference on July 31, 2024, at the Minnesota CLE Conference Center in Minneapolis. Date: Wednesday July 31, 2024, 9:00...

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07.24.24

Strategic planning for businesses needs to include innovation

Articles
Business Owners
Advisory

When the leadership teams of many companies engage in strategic planning, they may be inclined to play it safe. And that’s understandable; sticking to strengths and slow, measured growth are...

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07.23.24

BGM Welcomes SealedBid to their Organization

News

BGM, a nationally recognized top 200 accounting and advisory firm, is excited to announce the addition of SealedBid, a specialized lower mid-market mergers and acquisitions (M&A) firm based in Minneapolis,...

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07.23.24
Jon T. Meyer, CFP®

Retirement Candy: Sweet Temptations That Lead to Hard Crashes

Blog
Retirement 401k
Wealth Management

Key Takeaway: Strategy should always take precedence over tactics. This is especially true with all the investment solutions being touted as the answer to people’s main fear: losing money. However,...

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07.22.24

IRS ramps up compliance enforcement against certain businesses

Blog
Business Owners
Business Tax

The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers owe and what they actually pay. The...

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07.18.24

Vroom vroom: What businesses should know about sales velocity

Articles
Business Owners
Advisory

Owning and running a company tends to test one’s patience. You wait for strategies to play out. You wait for materials, supplies or equipment to arrive. You wait for key...

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07.15.24

If your business has co-owners, you probably need a buy-sell agreement

Articles
Business Owners
Advisory

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a buy-sell agreement. A well-drafted...

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07.11.24

3 Areas of Focus for Companies Looking to Control Costs

Articles
Business Owners
Advisory

Controlling costs is fundamental for every business. But where and how to address this challenge can change over time based on various economic and logistical factors. Earlier this year, global...

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07.10.24

Planning Your Estate? Don’t Overlook Income Taxes

Articles
Estate and Trust

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, a...

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“BGM” is the brand name under which BGM CPA, LLC and BGM Group, LLC provide professional services. BGM CPA, LLC and BGM Group, LLC practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. BGM CPA, LLC is a licensed independent CPA firm that provides attest services to its clients, and BGM Group, LLC and its subsidiary entities provide advisory, and business consulting services to their clients. BGM Group, LLC and its subsidiary entities are not licensed CPA firms. The entities falling under the BGM brand are independently owned and are not liable for the services provided by any other entity providing services under the BGM brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by BGM CPA, LLC and BGM Group, LLC.

BGM WEALTH: Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.