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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. 

a graphic showing a dial that indicates how much you are saving from minium to maximum
05.05.25

Corporate business owners: Is your salary reasonable in the eyes of the IRS?

Articles
Business Owners
Business Tax

Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s compensation is unreasonably high or low, it may disallow certain deductions...

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A graphic showing a decreasing chart showing cost management
04.30.25

Cost management is critical for companies today

Articles
Business Owners
Advisory

Many business owners take an informal approach to controlling costs, tackling the issue only when it becomes an obvious problem. A better way to handle it is through proactive, systematic...

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A retired man and woman enjoying a sunny day in their boat
04.29.25
Spencer Davies, CFP®

The Cost of Success: What Nobody Is Talking About

Blog
Advisory
Wealth Management

Key Takeaway: Financial success often comes at a cost that doesn’t show up on a spreadsheet—missed moments, strained relationships, and personal well-being left behind in the pursuit of “enough.” It’s...

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A graphic showing the words Expected Benefit HRA on a note pad
04.23.25

EBHRAs: A flexible health benefits choice for businesses

Articles
Business Owners
Business Tax

Today’s companies have several kinds of tax-advantaged accounts or arrangements they can sponsor to help employees pay eligible medical expenses. One of them is a Health Reimbursement Arrangement (HRA). Under an...

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A photo of a grandmother with the title for two retirements strategies, SEP or SIMPLE
04.21.25

Explore SEP and SIMPLE retirement plans for your small business

Articles
Business Owners
Retirement 401k

Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment and administrative burdens involved. There are a couple of...

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A retired man and woman enjoying a sunset on a bench
04.17.25

Estate and Gift Tax Exemption: Sunset or Sunrise?

Webinar
Families
Retirees
Estate and Trust

During this webinar, estate planning professionals Rachel M. Dahl, Partner at DeWitt LLP, Leonetta Rence, Vice President and Senior Trust Officer at Cornerstone Private Asset Trust Company, and Michael Andrews,...

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A cannabis plant with teh american flag in the background
04.16.25

Legalization Under Fire: Emerging Threats to Progress

Webinar
Cannabis

In this webinar, cannabis industry professionals Cory Parnell, CPA, Principal at BGM, and Marijuana Policy Project Director of State Policies, Karen O’Keefe,  and Southeast Legislative Manager Kevin Caldwell discussed recent legislative...

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An aerial view of a cargo ship with a graphic overlayed showing connecting countries
04.16.25

Trump Tariffs and What Importers Can Do to Minimize their Impact

Webinar
Business Owners
Advisory

During this timely webinar, Robert Silverman, Founding Partner, and David Murphy, Partner, at Grunfeld Desiderio Lebowitz Silverman & Klestadt LLP discussed with Cory Parnell, Principal at BGM, the tariffs by...

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A business person shredding work documents
04.15.25

What tax documents can you safely shred? And which ones should you keep?

Articles
Individual Tax & Planning
Business Tax

Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for the...

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A business owner with their child that works for them in their cafe
04.14.25

Turn a summer job into tax savings: Hire your child and reap the rewards

Articles
Business Owners
Business Tax

With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why not put them...

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A graphic showing 2025 U.S. Tariffs Impact on shipping pallets
04.11.25

Mitigate the risks: Tips for dealing with tariff-driven turbulence

Articles
Business Owners
Business Tax

President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off guard. While the president has long endorsed the imposition of...

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Two colleagues discussing graphs showing financial information
04.10.25
Jake Thibault, CFP®

Diversifying Wealth When Most of It Is Tied to Company Stock

Blog
Wealth Management

As a late-stage startup employee or founder, having most of your wealth tied to company stock presents both tremendous opportunity and significant risk. While your equity may represent years of...

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Two retirees looking at tax savings on their laptop together
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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a graphic showing the U.S. dollar with the words reasonable compensation overalyed on a tile
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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A graphic showing the words estimated tax payments with ficnancial charts behind it
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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“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.

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