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11.23.20

The Importance of S Corporation Basis and Distribution Elections

Articles
Business Owners
Advisory
Business Tax

S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its early years because...

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11.17.20
Element Technologies

Six Goals of Successful Managed IT Solutions

Newsletter
Business Owners
Technology

At a basic level, Information Technology (IT) Management handles the technological resources used in a company. More specifically, IT Management handles the treatment, storage, and protection of information, a daunting...

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a blackboard showing ideas + work = increased performance
11.17.20
Jon T. Meyer, CFP®

2020 Year-End Tax Planning After the Election

Newsletter
Families
Individual Tax & Planning

While we do not have complete clarity on tax policy under a new president, we can assume that the pressure to raise taxes would have been much greater had the...

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scrabble letters spelling out tax planning next to a laptop
11.17.20
Anthony S. Laxen, CPA

2020 Year-End Tax Planning: Anything but Business as Usual

Newsletter
Business Owners
Business Tax

As you’ve been perusing your favorite finance and tax blogs or news articles, you have probably come across something like: Disclaimer: This information was correct at the time of publication; however,...

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11.10.20

How Series EE savings bonds are taxed

Articles
Families
Individual Tax & Planning

Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself and put...

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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.