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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. 

08.20.24

Working remotely is convenient, but it may have tax consequences

Articles
Business Tax
Individual Tax & Planning

Many employees began working remotely during the pandemic and continue doing so today. Remote work has many advantages for employers and employees, and as a result, it’s here to stay...

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08.19.24

Cash or accrual accounting: What’s best for tax purposes?

Articles
Business Tax

Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that qualify....

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08.14.24

Does your company have an EAP? If so, be mindful of compliance

Articles
Healthcare
Advisory

Many businesses have established employee assistance programs (EAPs) to help their workforces deal with the mental health, substance abuse and financial challenges that have become so widely recognized in modern...

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08.13.24

Are You Unfairly Burdened By A Spouse’s Tax Errors? You May Qualify For “Innocent Spouse Relief”

Articles
Individual Tax & Planning

Navigating the complexities of tax law can be difficult, especially when faced with an unexpected tax bill due to the errors of a spouse or ex-spouse. The reason for such...

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08.13.24
Spencer Davies, CFP®

Optimizing Gifting Strategies to Minimize Taxes

Blog
Wealth Management

How to Gift Assets to Family Members and Charities in a Tax-Efficient Manner When it comes to managing substantial wealth, an important strategy to consider is gifting. While this can...

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08.12.24

Understanding taxes on real estate gains

Articles
Individual Tax & Planning

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of...

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08.08.24

Do you owe estimated taxes? If so, when is the next one due?

Articles
Individual Tax & Planning

Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough federal tax withheld from your...

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08.08.24

Hot Topic Webinar: Making the Most of Your 401(k): Small Business Retirement Plan Design

Event
Webinar
Retirement 401k

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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08.07.24

Businesses should stay grounded when using cloud computing

Articles
Business Owners
Technology

For a couple decades or so now, companies have been urged to “get on the cloud” to avail themselves of copious data storage and a wide array of software. But...

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08.07.24
Cory M. Parnell, CPA

How SaaS Companies Can Use KPIs to Evaluate Success

Blog
Advisory

In the competitive world of Software as a Service (SaaS), understanding and effectively utilizing Key Performance Indicators (KPIs) is essential for evaluating success and driving growth. KPIs provide valuable insights...

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08.07.24
Cory M. Parnell, CPA

The Critical Distinctions: CFO vs. Controller

Blog
Advisory

The evolving nature of various industries presents unique challenges and opportunities for businesses. Effective financial management is crucial, making the roles of Chief Financial Officer (CFO) and Controller essential. Although...

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08.05.24

BGM Ranks #148 Among Top 200 Accounting Firms by INSIDE Public Accounting

News

BGM is thrilled to announce that the firm has been named a 2024 “IPA 200 Firm” by INSIDE Public Accounting (IPA).This is the sixth year in a row BGM has...

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08.05.24
Chad Halbur

The Value of Using Trusts to Pass Inheritance Versus Outright Gifts to Children

Blog

As a professional in the trust industry, a key discussion I have with clients is regarding the most effective methods for transferring wealth to the next generation. While outright gifts...

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08.05.24

The possible tax landscape for businesses in the future

Articles
Business Tax
Individual Tax & Planning

  Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a tax law...

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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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“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.