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A mom hugging her daughter
08.03.22

Parents Beware: The Legal Documents You Need Before Sending Your Child to College

Newsletter
Families
Advisory

We fall in love with our new bundle of joy when they are handed to us at birth or when we welcome them into our hearts. We spend the next...

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an older couple packing up boxes during a move
08.03.22

Moving On: Key Considerations for Individuals Considering a Change in Residence

Newsletter
Families
Individual Tax & Planning
Advisory

Warmer weather, lower costs of living, and the ability to enjoy outdoor activities are all strong considerations making migration south attractive for many retirees. Purchasing a new residence to escape...

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08.03.22
Kurt Dingmann, CPA

Minnesota Tax Law Update

Newsletter
Families
Business Owners
Business Tax
Individual Tax & Planning

The flurry of tax law changes over the last few years has been nothing short of a whirlwind, leaving many of us with whiplash as we make sense of all...

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inside public accounting top 200 firms in 2022 logo
08.03.22

Boeckermann Grafstrom & Mayer Ranks #140 Among Top 200 Accounting Firms by INSIDE Public Accounting

News

Boeckermann Grafstrom & Mayer (BGM) was recently ranked among the country’s “Top 200 Accounting Firms” by INSIDE Public Accounting (IPA). IPA’s annual rankings of the 500 largest firms in the...

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07.26.22

How to avoid the early withdrawal tax penalty on IRA distributions

Articles
Families
Retirement 401k

When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are...

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07.26.22

Colorado Cannabis Consumption Lounge – Tetra Lounge

Blog
Cannabis

I recently visited Tetra Private Lounge and Garden, Denver’s premier private consumption lounge and the only business in Denver where cannabis can legally be consumed on site. I interviewed the...

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a banner image showing a pen and calculator sitting on a document
07.20.22

How Outsourcing Internal Accounting Benefits Your Business

Blog
Business Owners
Outsourced Accounting

Outsourcing business processes is an effective way to minimize your costs and maximize your operations. Whether you’re scaling your business or looking to delegate important tasks, outsourcing your accounting can have long-term...

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Cannabis growers harvesting their crops
07.19.22
Cory M. Parnell, CPA

Section 280E and Cost of Goods Sold for Cannabis Businesses

Blog
Cannabis
Business Tax

As anyone in the cannabis or hemp industries knows, preparing for 280e cannabis taxes is a regular—if dreaded—annual (or even quarterly) event. We’ve written about 280E and its implications for...

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07.19.22

The kiddie tax: Does it affect your family?

Articles
Families
Individual Tax & Planning

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your...

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07.13.22

Weathering the storm of rising inflation

Articles
Business Owners
Advisory
Business Tax

Like a slowly gathering storm, inflation has gone from dark clouds on the horizon to a noticeable downpour on both the U.S. and global economies. Is it time for business...

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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.