Uncategorized

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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a laptop displaying graphs and a tablet showing dates
08.05.21
Jason A. Marvin, CPA

Using Key Performance Indicators to Evaluate Business Success

Newsletter
Business Owners
Executives
Advisory

In today’s fast-paced world, businesses must be flexible and capable of adapting instantly. As a business owner, it can be easy to fall into survival mode and lose track of...

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07.28.21

Boeckermann Grafstrom & Mayer Ranks #153 Among Top 200 Accounting Firms by INSIDE Public Accounting

News

IPA Logo Top 200Boeckermann 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...

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07.20.21

There’s Currently a “Stepped-Up Basis” if You Inherit Property — But Will it Last?

Articles
Young Inheritors
Families
Individual Tax & Planning

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. The current rules Under the current fair market...

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a lab worker reviewing marijuana plants
07.08.21

Five Challenges Facing Multi-State Operators That can be Overcome With an ERP

Blog
Cannabis

Operating a cannabis company across multiple states is no easy feat. Because each state has its own rules around growing, packaging, testing, marketing and more, it’s extremely challenging for operators...

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the Minnesota capital building
07.06.21

State of Minnesota Passes 2021 Tax Bill

Blog
Business Owners
Families
Business Tax
Individual Tax & Planning

On July 1, 2021, the Minnesota Legislature passed, and Governor Tim Walz signed a 2021 tax bill. The bill includes tax changes related to unemployment compensation, Paycheck Protection Program (PPP) loan...

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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.