BGMF CPAs

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This is new and we are receiving questions. The more we learn the more we'll pass on how to handle...

Beneficial Ownership Information Reporting Under the Corporate Transparency Act What is Beneficial Ownership Information Reporting?

As we discussed throughout the ERTC tax credit process there were a lot of scam companies selling the program for large fees even if filing improperly according to the qualifications of the program. When businesses get audited, those companies will be long gone. See the below article for the IRS relief program...

ERC voluntary disclosure program requiring 80% claim payback launched The IRS announced the launch of a program that will allow businesses to repay money from questionable employee retention credit claims and avoid penalties and interest.

Welcome our newest team member - Kiersten Bender. Here's some fun facts about her...

1. How long have you been with BGMF CPAs and what do you enjoy about working with the firm?

• I started in September 2023, so I am a newbie, but everyone here is so kind. I enjoy having clients and co-workers that are genuine and fun.

2. What do you do for fun, favorite things, favorite foods, music, bucket list items, etc.?

• I am a traveler! I love to go on adventures, big or small, whenever I can. My number one bucket list item is to step foot on every continent. I am also an avid reader, dancer and lover of music. I will happily jump into anything involving the arts. My favorite bands/artists are The Wrecks, NF, and Taylor Swift. I also love movies. My favorite movie is Pretty in Pink, but you can never go wrong with Disney.

3. What is something you can’t live without?

• Music. It's in everything that I do. It's my stress reliever, my exercise, my joy, my distraction, my focus/white noise. I wouldn't be me without music.

4. What is something that makes you happy no matter your mood?
• The ocean


5. If money was not an issue, what would you do with your free time for yourself and what would you do to add value to this world?

• I would go out on missions to help and protect the planet. Beach clean ups, help schools in Africa, learn more about the ocean and marine life and what I can do to protect it. I would get scuba certified, sea turtle care certified, and travel all the time.

Sarah and Christiann headed to a client meeting near Yellow Springs…

BACK BY POPULAR DEMAND!

Marketing Masterclass

📅 Date: November 28, 2023
🕘 Time: 9:00 AM - 12:00 PM
📍 Location: Springfield SBDC 100 South Limestone St, Springfield

This event is your secret weapon if you're ready to stealthily conquer the marketing landscape and take your small business to legendary heights. Our sensei-executive director Rob will share ancient wisdom, covert strategies, and ninja tricks to help you dominate your industry.

Join us for a morning of stealthy tactics, networking with fellow ninjas, and the inspiration to become marketing masters.

Secure your spot in this exclusive masterclass - limited slots are available! register today, the link is in the comments.

This is great for Springfield and Levi is an amazing guy!

PHOTOS: Springfield church to become event venue Springfield church to become event venue

Hope all our friends and family have a great 4th and celebrate our freedom!!

Thank you to our amazing team and clients for another tax season in the books! The work doesn’t stop as we help our clients build wealth all year but glad to take a breath and take time to be grateful for our families, friends and everyone that makes our season great! Onto spring!

State runner-up teammates reunite on Catholic Central bench John Vollmer still gets chills walking into Jason Collier Gymnasium with his former teammates, Matt Mullen and Jim Roediger. “It’s crazy,” he said. The 1990 Catholic Central High School graduates were reunited on the bench this winter as part of the Irish coaching staff.

Tax/Busy season is upon us!

Our team is ready for you - get your 1099 and other tax information in as soon as it's ready...

This will allow our experts ample time to get everything completed properly for you and keep the IRS off your doorstep!

Happy Thanksgiving! Grateful for you all!

Appreciate all the Veteran's in our lives from family members to clients to our very own Troy Lowe (far right)! We value and respect all Veterans who have fought for the freedoms we have today!

Had some new photos taken a few months back and working on updated bios and team members! Missing from the picture are valued team members Karen Britton and Jill McGregor!

Barring what many people think, we do have some exciting moments when special guests show up...

Unfortunately this one cannot be taken as a dependent!

Joe helping out the Springfield Arts Council and Leadership Clark County at the Eagles tribute. performance last night in the park! Great turnout and tons of fun!

As we get into summer and vacation season, it is an excellent time to analyze your business to set up for a successful Q3 and Q4...

Financial Analysis for Your Small Business Comparing a business's key financial ratios with industry standards and with its own past results can highlight trends and identify strengths and weaknesses in the business.

Happy Mother’s Day! Special wish to the Moms on our team! They make our firm great! We couldn’t get half of what we do completed without them!!

From our team at BGMF we thank you again for another great tax/busy season. This year was exceptionally busy and we appreciate both our team for all their hard work and our clients for their patience as we ventured back to normal due dates after the prior two years of COVID. We'll be working hard this off season on client work and to better our processes & services for next year!!

Thank you, BGMF CPAs for being a team and hole sponsor during our annual golf outing, The Open.

Join us this Friday, May 6, at Windy Knoll Golf Club ⛳️

Are you trying to start a small business and need just a small boost in capital to help you get started? Check out our Micro-loan program! Maybe it will fit your needs perfectly.

Mullen sets standard for Irish girls basketball program SPRINGFIELD — Mallory Mullen doesn’t see herself as just a track athlete, despite being a two-time state champion in the high jump.

Announcement...

BGMF CPAs has officially invited Joe Collinsworth to be a Partner with the firm!

"I love being a part of this excellent team and look forward to helping carry on the legacy that started in 1966 to continue growing and serving our clients and community. We have some high quality people working with this firm and it has created a great culture. It has been an honor for this Cincinnati kid to be welcomed into this amazing Springfield/Clark County community."

Please join us in congratulating Joe!

Wishing all our friends, clients, and community a Happy New Year! We look forward to serving you in 2022…

Just a few tips we provide through year end planning - waiting may cost you...

Don't Wait: Year-End Tax Actions You Should Take Now Unless you’ve been planning for 2021 taxes all year, it’s time to take actions that can reduce your IRS obligation.

All members of our team have received positive feedback that we always love to hear. We also honor feedback to improve so we can continue to serve at the highest quality.

Below is a review on Google from a new client. We love working with every client throughout the process and thank you all for another great tax year!

Nic W.

Joe Collinsworth at BGMF has been absolutely fantastic. We switched CPAs this year to BGMF and I am kicking myself for not changing sooner. This year I saved time, effort, and also money working with BGMF. Joe did a great job providing tax preparation for us. He helped us with extensions, estimated tax payments, and preparing returns. We have partnership and individual returns to file, with activities in multiple states. He helped me with all of my questions on tax return forms, and was very responsive. He answers emails and the phone right away. Communication was also very clear and concise, no need to go back and forth many times. I highly recommend using BGMF. Great value.

At first many didn't qualify for the Employee Retention Tax Credit originally. Now that the time frame to qualify has extended through December 31, 2021 and some regulations have changed, we will be re-analyzing this further. If you are a client we will be reviewing and reaching out to discuss. If you are not a client you are welcome to contact/message us to discuss with one of our team members...

Employee Retention Tax Credit (ERTC) Eligible employers are entitled to an Employee Retention Tax Credit (ERTC) of up to 70 percent of the first $10,000 in wages and certain health care plan expenses paid per employee for each of the first two quarters of 2021 according to the New Stimulus Act.

This is a topic (inheritance) that comes up a lot in our firm/client discussions. Having a plan in place is important...

Selling Inherited Property? Tax Rules That Make a Difference Sooner or later, you may decide to sell property you inherited from a parent or other loved one. Whether the property is an investment, an antique, land, or something else, the sale may result in a taxable gain or loss. But how that gain or loss is calculated may surprise you.