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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. 

11.29.23

Solving the riddles of succession planning for family businesses

Articles
Business Owners
Family Office

Every established company will encounter challenges when confronting the thorny issue of succession planning. Family-owned businesses, however, often face particularly complex issues. After all, their owners may have to consider...

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11.28.23

Don’t forget to empty out your flexible spending account

Articles
Families
Healthcare
Family Office
Individual Tax & Planning

If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important date coming up. You may have...

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11.22.23

Smaller companies: Explore pooled employer plans for retirement benefits

Articles
Business Owners
Business Tax
Retirement 401k

Most businesses today need to offer a solid benefits package. Failing to do so could mean falling behind in the competition to hire and retain talent in today’s tight job market....

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11.21.23

Key 2024 inflation-adjusted tax amounts for individuals

Articles
Families
Retirees
Young Inheritors
Individual Tax & Planning

The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal income tax rate bracket thresholds are about 5.4% higher than for 2023....

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11.14.23
John Barghini, CPA, MBT

Unlocking Transparency: Navigating the New Small Business Reporting Frontier

Newsletter
Business Owners
Business Tax

Starting January 1, 2024, many businesses will be required to file a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN). The BOI reporting requirement is an...

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11.14.23
Jon T. Meyer, CFP®

When Diversification Fails

Newsletter
Advisory
Wealth Management

Key Takeaway: Diversification is often thought to yield better results in many aspects of life. With an investment portfolio, the concept is key. However, diversifying your advisors might lead to...

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11.14.23
Leonetta Rence, CTFA

Looking to Retain Key Talent or Attract New Hires in Today’s Competitive Job Market? We Have a Solution for You

Newsletter
Business Owners
Trusts

In the dynamic landscape of today’s workforce, the pursuit of effective strategies to retain valuable employees and attract new talent is more critical than ever. Enter the realm of Non-Qualified...

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11.07.23

What you need to know about restricted stock awards and taxes

Articles
Business Owners
Business Tax

Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of stock option awards. The reason: Options can lose most or...

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11.06.23

Choosing a business entity: Which way to go?

Articles
Business Owners
Business Tax

If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you operate as a C corporation...

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11.01.23

Businesses: Know who your privileged users are … and aren’t

Articles
Business Owners
Business Tax

Given the pervasiveness of technology in the business world today, most companies are sitting on treasure troves of sensitive data that could be abducted, exploited, corrupted or destroyed. Of course,...

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11.01.23

MNCPA Tax Conference 2023 – Cannabis 101 For CPAs: Tax and Accounting Issues You Need to Know

Event
Cannabis

Wednesday, November 15 8: 00 – 9:25 am CST Cannabis is a new, complex, and growing industry. Learn about the nuanced issues cannabis operators face and how you can help...

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10.31.23

Contributing to your employer’s 401(k) plan: How it works

Articles
Business Owners
Business Tax

If you’re fortunate to have an employer that offers a 401(k) plan, and you don’t contribute to it, you may wonder if you should participate. In general, it’s a great...

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10.30.23

New per diem business travel rates kicked in on October 1

Articles
Business Owners
Business Tax

Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that goes into reviewing business travel expenses. There may be...

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10.26.23

IRS offers a withdrawal option to businesses that claimed ERTCs

Articles
Business Owners
Business Tax

Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ concerns about the validity of their claims for this valuable, but complex, pandemic-related credit...

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10.25.23

What businesses can expect from a DOL benefits plan audit

Articles
Business Owners
Audit & Assurance
Retirement 401k

All but the smallest businesses today are generally expected to offer employees “big picture” benefits such as health insurance and a retirement plan. Among the risks of doing so is...

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