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For a privately-owned company, one of the most basic pieces of corporate governance is a shareholder agreement. For many cannabis companies, unfortunately shareholder agreements are either non-existent or lack appropriate...

Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, compared with last year. One of the reasons is the...

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it...

A federal and or state estate tax liability may be due based on the amount of wealth the decedent accumulated over the decedent’s life. For 2020, a federal estate tax...

On August 14, 2020, the Edina office of Boeckermann Grafstrom & Mayer (BGM) is moving and is joining the Bloomington office location. BGM’s Bloomington office is located at: 4470 W. 78th St....

BLOOMINGTON, MN, August 5, 2020 – 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 400 largest firms...

There is an old saying in the accounting world that goes, “If you don’t know what your costs are, you will pretty soon.” That is what is going on with...

The best place to start trying to answer this question may be a quick review of the basics of tax accounting methods. An accounting method is a set of rules...

Recently, I had the opportunity to speak with students at Lincoln High School in Lake City, Minnesota about accounting careers. I have enjoyed meeting with students since my elementary school...

BLOOMINGTON, MN, December 2, 2019 – Boeckermann Grafstrom & Mayer (BGM), a nationally recognized top 200 accounting firm, announced today that they have combined firms with Edina-based CPA firm, Weber &...