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The ongoing debate over reclassifying cannabis from Schedule I to Schedule III under the Controlled Substances Act is a pivotal discussion in the realms of public policy, health, and economics....

In the cannabis industry, business owners must stay informed about the products they deal with and their financial implications. Two cannabinoids that have been the subject of much discussion are...

Key Takeaway: Often in life, we can sit back and watch those playing checkers versus chess. Chess players play a longer-term game that is more strategic and has bigger payoffs....

By now, just about every company uses some kind of accounting software to track, manage and report its financial transactions. Many businesses end up using several different types of software...

In the dynamic and ever-changing landscape of the cannabis industry, it is essential for cannabis business owners to constantly seek innovative strategies to enhance growth and increase stability. One option...

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method...

MINNEAPOLIS, January 25, 2024 — BGM, a leading CPA, advisory, and financial solutions firm in the Twin Cities, is pleased to announce that Nathan Panning has been promoted to lead...

What Is the 65-Day Rule in Tax Planning? The 65-Day Rule, found in Tax Code 663(b), allows fiduciaries to make distributions within the first 65 days of the new tax...

There’s no way around it — owning and operating a business comes with risk. On the one hand, operating under excessive levels of risk will likely impair the value of...

When it comes to marketing, business owners and their leadership teams often assume that they should “cast a wide net.” But should you? If your company is looking to drive...