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The Consolidated Appropriations Act, 2021 (CAA), was signed into law on December 27, 2020, and, with respect to the Employee Retention Credit (ERC), the CAA did two things. First, the...

Per the SECURE Act (a bipartisan bill designed to aid Americans’ ability to save for retirement), a business owner now has until their tax filing deadline to install a 2020...

When it comes to taxes, December 31 is more than just New Year’s Eve. That date will affect the filing status box that will be checked on your 2020 tax...

It is amazing how the daily use of technology in our business has changed what we can accomplish each day. Look at the use of cellphones, tablets, and computers. Each...

At a basic level, Information Technology (IT) Management handles the technological resources used in a company. More specifically, IT Management handles the treatment, storage, and protection of information, a daunting...

What is the DEA Interim Final Rule (IFR) on Hemp? On August 20, 2020, the United States Drug Enforcement Agency (DEA) published a notice in the federal register of an...

Are you a Minnesota snowbird that heads South to warmer weather for the winter? Do you own multiple properties? Do you wonder if your home is protected when you are...

Boeckermann Grafstrom & Mayer (BGM) is pleased to announce that Calvin P. Shannon, CPA, CVA, has been named Equity Partner at the firm. The promotion was effective on October 1,...

Do you buy or lease computer software to use in your business? Do you develop computer software for use in your business, or for sale or lease to others? Then...

In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they tax deductible? Under the Tax Cut and Jobs...