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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. 

05.07.24

Pay attention to the tax rules if you turn a hobby into a business

Articles
Advisory

Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d like to turn...

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05.06.24

Hot Topic Webinar: Estate Planning 101

Event
Webinar
Wealth Management
Trusts

Wednesday, May 22, 2024 at 12:00pm PM CT What should you do to put a basic estate plan in place? Join us online on Wednesday, May 22, for an hour-long discussion....

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05.06.24

Federal regulators expand overtime pay requirements, ban most noncompete agreements

Articles
Business Owners
Business Tax

The U.S. Department of Labor (DOL) has issued a new final rule regarding the salary threshold for determining whether employees are exempt from federal overtime pay requirements. The threshold is...

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05.03.24

Cannabis ESOPs: Why an ESOP is an Industry Game Changer

Webinar
Event
Cannabis

Date: May 21, 2024, 1:00 PM – 2:00 PM EST Co-hosted with BGM and MBO Ventures Join us for an insightful session on “Cannabis ESOPs: Why an ESOP is an...

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05.01.24

B2B businesses need a cohesive strategy for collections

Articles
Business Owners
Advisory

If your company operates in the business-to-business (B2B) marketplace, you’ve probably experienced some collections challenges. Every company, whether buyer or seller, is trying to manage cash flow. That means customers...

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Cupped hands offering a ball of cash.
05.01.24
Chad Halbur

Charitable Remainder Trusts: Generating Income While Giving to Charity

Newsletter
Business Owners
Trusts

What Are Charitable Remainder Trusts? A Charitable Remainder Trust (CRT) can be an effective tool for managing the tax implications of selling a business while also benefiting a charity. A...

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05.01.24
Kim Scharber

Year-Round Business Tax Advisory Services

Newsletter
Blog
Business Owners
Business Tax

Maximizing Your Business Tax Strategy: The Value of Year-Round Tax Advisory Services Tax planning isn’t just about saving money and staying compliant. It should also optimize your business tax strategy...

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Older man and woman holding hands walking on a beach together
05.01.24
Jon T. Meyer, CFP®

Spend It! (How to Spend Money in Retirement)

Newsletter
Retirees
Wealth Management

Key Takeaway: You might be good at saving, but are you good at spending? Enjoying money is harder than it seems, but the jolt of retirement reminds us we must...

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04.30.24

Taxes when you sell an appreciated vacation home

Articles
Individual Tax & Planning

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income...

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04.29.24

When partners pay expenses related to the business

Articles
Executives
Individual Tax & Planning

It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships such as an architecture or law firm....

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04.24.24

Health care self-insurance and stop-loss coverage: What business owners need to know

Articles
Healthcare
Advisory

For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options: fully insured or self-funded. A fully insured plan...

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04.23.24

Minnesota Cannabis Market Insights: Legislative Update

Event
Webinar
Cannabis

Wednesday, May 8, 2024 from 12:00pm – 12:50 pm CT Learn more about the new, uncharted, and evolving cannabis marketplace in Minnesota. Cannabis industry experts will walk you through updates...

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04.23.24

Watch out for “income in respect of a decedent” issues when receiving an inheritance

Articles
Young Inheritors
Estate and Trust

Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too good to be true. While...

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Business owner signing a contract preparing to sell a business.
04.22.24
Jon T. Meyer, CFP®

Preparing to Sell Your Business – 5 Years Out

Blog
Business Owners
Wealth Management

Key Takeaway: Many business owners wait until they are ready to sell their business to find out that they could have received a higher offer had they worked on some...

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04.17.24
Calvin P. Shannon, CPA, CVA

The Strategic Journey of Trulieve Cannabis Corp. and Its Impact on Cannabis Taxation

Blog
Cannabis

The cannabis industry is navigating through an ever-changing legal and tax landscape marked by significant milestones and complex challenges. Among these, the remarkable journey of Trulieve Cannabis Corp. in securing...

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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.