Uncategorized

03.07.22

Does Your Business Barter? Here are Some Facts You Should Know

Articles
Business Owners
Business Tax

In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of paying cash for them. Bartering...

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02.22.22

Can you Deduct the Costs of a Spouse on a Business Trip?

Articles
Business Owners
Families
Individual Tax & Planning
Business Tax

If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips. The rules for...

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a couple reviewing financial statements at home
01.27.22

Inherited IRAs: RMD Planning and 7 Things to Know

Newsletter
Young Inheritors
Families
Individual Tax & Planning
Retirement 401k

Key Takeaways: Withdrawal strategies for IRA inheritors who do not meet the definition of an eligible designated beneficiary are no longer predefined. Therefore, a material planning opportunity exists to sequence...

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an outline of the USA with the background of a us dollar
01.27.22
Nathan B. Panning, CPA

State and Local Tax Nexus: Thanks for Connecting…Now, Where’s My Money?!

Newsletter
Business Owners
Business Tax

There once was a time that you needed to physically go into a department store or local shop to buy all the items that were wanted or needed for work...

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01.19.22
Cory M. Parnell, CPA

Key Performance Indicators in Cannabis Business Operations

Blog
Cannabis
Business Owners
Advisory
Audit & Assurance

Key performance indicators (KPIs) help business operators identify areas of growth and concern within their business operations. In the cannabis industry, this is especially important given the slight margin for...

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a person in the background pointing to a graphic symbolizing data security
01.06.22
Cory M. Parnell, CPA

Send Sensitive Data Through BGM’s Secure Portals and NOT in Email

Blog
Advisory

Email is the most common and most used way to exchange information. We send and receive emails every day, both at work and at home. The average US worker sends...

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12.28.21

Gig Workers Should Understand their Tax Obligations

Articles
Individual Tax & Planning

The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans...

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12.21.21

Boeckermann Grafstrom & Mayer Announces Principals

News

BLOOMINGTON, MN, December 21, 2021 – Boeckermann Grafstrom & Mayer is pleased to announce that Ryan Kraemer, Nathan Panning, and Nicole Richards have been promoted to Principal. “We greatly appreciate...

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a physical bitcoin model
11.04.21

It’s OK to Pass on Crytpo and NFTs

Newsletter
Families
Retirees
Wealth Management

Key Takeaways: 2021 has had very little stock market volatility relative to history. However, it’s important to understand that risk doesn’t dissipate in stable market environments and that volatility is...

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one cannabis leaf on top of a 100 dollar bill
08.20.21
Calvin P. Shannon, CPA, CVA

Entities Subject to 280E Taxed as a Partnership – Issues to Consider

Blog
Cannabis
Business Tax

Over the last several years, the capital structures of high-THC license holding companies have become increasingly more complex. If the entity is taxed as a partnership, unexpected and challenging tax...

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