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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 the word Loan with other financial symbols around it
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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Business people discussing the charts and graphs showing the results of their successful teamwork
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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businesspeople in a conference room discussing accounting operations
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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A graphic showing the words payroll taxes on a tablet next to office supplies
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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a graphic showing the words stock market above a bar chart
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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a graphic showing the words BOI reporting requirement penalties halted for domestic companies over a map of the united states
03.18.25

Beneficial ownership information reporting requirements suspended for domestic reporting companies

Articles
Business Owners
Beneficial Ownership Information Filing (BOI)

The twisty journey of the Corporate Transparency Act’s (CTA’s) beneficial ownership information (BOI) reporting requirements has taken yet another turn. Following a February 18, 2025, ruling by a federal district court...

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an indoor photo of cannabis growing in a greenhouse
03.18.25

Does 280E Still Apply? Breaking Down Cannabis Taxation and Rescheduling

Blog
Cannabis

For cannabis business owners and investors, the IRS tax code provision Section 280E has long been a major obstacle. This law prevents businesses that “traffic” in controlled substances from deducting...

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a businessman with his arms crossed smiling in his office
03.18.25

Planning for the future: 5 business succession options and their tax implications

Articles
Business Owners
Advisory

When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire,...

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a graphic shoing the words Federal disaster tax relief act with a forest fire in the background
03.17.25

Disaster victims may qualify for tax relief … including on amended returns

Articles
Business Tax
Individual Tax & Planning

Victims of presidentially declared disasters in recent years who couldn’t previously claim a casualty loss deduction may now be able to claim a refund. Additional tax relief also might be...

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a graphic showing boxes being checked off
03.17.25
Ross Gobel

The Countdown to Retirement: Essential Steps to Take in Your 50s and Early 60s

Blog
Retirement 401k
Trusts

Retirement may still seem far off, but the decisions you make in your 50s and early 60s can play a huge role in setting yourself up for financial success. Now...

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a graphic showing the words Business Transformation inside of a 3d globe held by a business person
03.12.25

How to evaluate and undertake a business transformation

Articles
Business Owners
Advisory

Many industries have undergone monumental changes over the last decade or so. Broadly, there are two ways to adapt to the associated challenges: slowly or quickly. Although there’s much to...

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A businesswoman riding a train
03.11.25

Riding the tax break train: Maximizing employee transportation fringe benefits

Articles
Individual Tax & Planning

There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Here’s a...

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A photo showing a person harvesting cannabis into a beaker for testing
03.11.25

How Research Shapes Cannabis Market Trends

Webinar
Cannabis

In this webinar, Cory Parnell, Principal, BGM and Sasha Kalcheff-Korn, Executive Director, Realm of Caring discussed the critical role research plays in shaping market trends. As cannabis businesses strive to...

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financial advisors and accountants reviewing financial documents
03.10.25

February Market Review

Articles
Market Review
Wealth Management

Growth Scare Hits Risk Assets High Valuations Come with High Expectations. U.S. Equity Markets Step Back on Growth Concerns. February 2025 Key Observations Growth Scare Hits Risk Assets: Weaker economic...

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a graphic showing the works S-Corp in the middle of puzzle pieces being held by colleagues
03.10.25

Exploring business entities: Is an S corporation the right choice?

Articles
Business Owners
Business Tax

Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture. One benefit of an S corporation One...

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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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