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It might sound like the lingo of air traffic controllers — inbound vs. outbound. But businesses of all types must grapple with these concepts and their associated challenges when developing...

Businesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration, Staffing shortages, Partner conflicts, and Increased supply costs. If...

Almost 30 years ago, the United States, United Kingdom, Australia, Canada, and the International Accounting Standards Board published a discussion paper that proposed the elimination of an operating lease. Operating leases were...

Boeckermann Grafstrom & Mayer (BGM CPAs) is pleased to announce that Michael Andrews, CPA, ABV, has joined the firm as Principal and leader of BGM’s Estate and Trust Services Group....

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment income...

Boeckermann Grafstrom & Mayer (BGM CPAs) is proud to celebrate 40 years of business and serving clients. In 1982, entrepreneurial CPAs Daniel A. Boeckermann, Brad E. Mayer, and James A....

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return is among those selected to be examined. Plus,...

In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware that the WOTC is available...

With the ongoing growth of the cannabis industry, best practices are dynamic, regulations are constantly changing, and dispensaries face tremendous challenges related to profitability and growth. For operators, it is...

The Chief Financial Officer (CFO) is a critical member of a company’s executive team. The CFO develops the company’s financial strategy, manages financial risks, and performs duties such as tracking cash...