Uncategorized

06.09.22
Anthony S. Laxen, CPA

Applications Now Open to Apply for Minnesota Frontline Worker Payments

Blog
Business Owners
Business Tax

To thank those Minnesotans who worked on the frontlines during the COVID-19 peacetime emergency, Gov. Tim Walz signed Frontline Worker Payments into law April 29, 2022, enabling those workers to...

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marijuana next to 100 dollar bills
06.09.22
Cory M. Parnell, CPA

Depreciation Allowed for Cannabis and CBD Companies

Blog
Cannabis
Business Tax

This CannaBlog is an update to our previously published article, Depreciation Allowed for Cannabis and CBD Companies on 2020 Tax Returns. If you work in the cannabis sector, you’re probably...

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a laptop displaying analytics
06.01.22
Nicole E. Richards, CPA

What Is a Financial Statement Audit and Why Get One?

Blog
Business Owners
Audit & Assurance

For most people, the word “audit” doesn’t bring many pleasant thoughts to mind. It’s a word that makes you think about pain, embarrassment and annoyance. But business owners shouldn’t be...

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05.31.22

Calculating corporate estimated tax

Articles
Business Owners
Families
Individual Tax & Planning
Business Tax

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing corporate federal estimated payments. You want...

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an accountant and a business owner shaking hands
05.03.22
Dane J. Boeckermann, CPA

Quality of Earnings Report: What Is It & Why Is It Important in M&A Deals?

Blog
Business Owners
Audit & Assurance

Audited financial statements provide a window into the health of a business. But when a business is about to go on the market, the seller and potential buyers should want a...

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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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03.29.22
Cory M. Parnell, CPA

Financing the Cannabis Industry

Blog
Cannabis
Advisory

If the cannabis industry remains in hyperdrive—with some estimates positing the sector will top $30 billion this year—many eager entrepreneurs must face an uncomfortable hurdle: Finding cannabis financing remains a...

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03.16.22

Boeckermann Grafstrom & Mayer Named 2022 “Regional Leader” and “Firm to Watch” by Accounting Today

News

Boeckermann Grafstrom & Mayer (BGM) is pleased to announce that Accounting Today included the firm on two of its 2022 annual lists: “Regional Leaders Top Firms: Midwest” and “Beyond the...

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03.15.22

When inheriting money, be aware of “income in respect of a decedent” issues

Articles
Young Inheritors
Families
Individual Tax & Planning
Family Office

Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such as IRAs or...

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a young woman reviewing documents and charts at home next to a laptop
03.08.22
Cory M. Parnell, CPA

Bookkeeping for Dispensaries

Blog
Business Owners
Cannabis
Outsourced Accounting

We’ve written before on topics that are vital to the recreational and medical cannabis industries, such as the critical analytics every cannabis dispensary needs to be on top of and...

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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.