Uncategorized

09.26.22

Work Opportunity Tax Credit provides help to employers

Articles
Business Owners
Business Tax

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...

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09.22.22

Everything Cannabis Operators Need to Know About Outsourced Accounting Services

Webinar
Cannabis
Outsourced Accounting

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...

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an accountant at a laptop reviewing analytics
09.13.22
Cory M. Parnell, CPA

5 Reasons Why Your Business May Need a Fractional Virtual CFO

Blog
Business Owners
Executives
Outsourced Accounting

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...

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09.01.22

Boeckermann Grafstrom & Mayer Announces Chief Financial Officer

News

We are pleased to announce that Sara Maloney has joined the firm as its Chief Financial Officer. Maloney will direct and oversee the fiscal functions for BGM CPAs and the...

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a person's hands inspecting a marijuana plant at their grow operation
08.23.22
Calvin P. Shannon, CPA, CVA

How Cannabis Operators Should Prepare for 280E Audits

Blog
Cannabis
Audit & Assurance

Cannabis businesses face complex tax obligations and need to be mindful of potential IRS audits. The complexities of IRS audits increase due to Section 280E of the Internal Revenue Code...

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a line of semi trucks parked
08.17.22
Jason A. Marvin, CPA

2022 Minnesota Trucking Association Annual Conference Highlights

Blog
Transportation & Logistics
Advisory

In today’s economy and environment, it can seem impossible to step away from our businesses to educate, network, and have fun. But sometimes we must make the time. When we...

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a photo of marijuana plants growing indoors
08.11.22
Calvin P. Shannon, CPA, CVA

Understanding Convertible Debt for Cannabis Companies

Blog
Cannabis
Business Tax
Outsourced Accounting

If you’re in the early stages of exploring cannabis financing or attempting to raise cannabis capital, you’ve probably come across the concept of convertible debt. Cannabis ventures, in particular, tend...

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08.10.22

Is it time for your business to fully digitize its accounts receivable?

Articles
Business Owners
Executives
Technology
Outsourced Accounting

With electronic payments and in-app purchases becoming so much the norm, many midsize to large companies have grown accustomed to software-driven accounts receivable. But there are some smaller businesses that...

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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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a banner image featuring the word update
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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“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.