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04.26.22

The tax mechanics involved in the sale of trade or business property

Articles
Business Owners
Business Tax

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. Thus, to...

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a photo showing several generations of a family
04.20.22

Inheritance Planning: Preservation Requires Careful Thought and Intentional Action

Newsletter
Families
Retirees
Family Office
Wealth Management

Key Takeaways Acknowledge the emotional attachment that often comes with an inheritance. Allow yourself time to process the event that triggered the financial windfall, and refrain from making major financial...

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a person reviewing a stack of documents next to a laptop
04.20.22

Time to Dust Off and Update Your Estate Planning Documents

Newsletter
Families
Retirees
Family Office
Wealth Management

Estate planning documents are not a one size fits all approach. Your estate documents need to succeed in intention and complexity as your financial assets and income grow and increase...

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Business members reviewing a financial presentation
04.20.22
Dane J. Boeckermann, CPA

Does Your Business Have Its Internal Controls in Place?

Blog
Business Owners
Executives
Advisory

We are approaching mid-year, making it the right time for a company to assess whether it has the proper internal controls. Business owners should put measures in place to protect...

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two professionals reviewing a financial statement between laptops
04.06.22
Calvin P. Shannon, CPA, CVA

Business Valuation: What’s Involved & How It Helps Your Business?

Blog
Business Owners
Advisory

“What’s my business worth?” It’s a question many business owners find themselves asking for various reasons. If you want to know the estimated value of your company, a business valuation can be...

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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.