Uncategorized

11.17.20
Element Technologies

Six Goals of Successful Managed IT Solutions

Newsletter
Business Owners
Technology

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...

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10.26.20

DRUG ENFORCEMENT AGENCY INTERIM FINAL RULE ON HEMP Q&A

Blog
Cannabis
Advisory

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...

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sandals, a sunhat, and a shell on a beach
10.14.20

5 Reasons Minnesota Snowbirds Should Hire a Professional Property Manager

Blog
Families
Family Office

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...

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10.12.20

Boeckermann Grafstrom & Mayer Names Calvin Shannon Equity Partner

News

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,...

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09.28.20

The tax rules for deducting the computer software costs of your business

Articles
Business Owners
Business Tax
Technology

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...

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09.22.20

Can investors who manage their own portfolios deduct related expenses?

Articles
Families
Individual Tax & Planning

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...

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a cannabis leaf sitting on us dollars
09.10.20

Shareholder Agreements for a Cannabis Company

Blog
Cannabis
Business Owners
Advisory

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...

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09.08.20

Homebuyers: Can you deduct seller-paid points?

Articles
Families
Individual Tax & Planning

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...

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08.31.20

5 Key Points about Bonus Depreciation

Articles
Business Owners
Families
Business Tax
Individual Tax & Planning

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...

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coins next to a rudimentary wood block building
08.18.20

Limiting Your Minnesota Estate Tax Liability

Blog
Families
Trusts
Family Office

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...

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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.