Uncategorized

05.13.19

Consider a Roth 401(k) Plan — And Make Sure Employees Use It

Articles
Business Owners
Retirement 401k

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America...

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04.30.19
Jon T. Meyer, CFP®

100-Year Thinking: Families Strategically Helping Each Other Through the Generations

Blog
Families
Family Office
Wealth Management

It takes a long time to get what we want. Most successful people will tell you that they started experiencing success in their mid-40s or early 50s. Even 99% of...

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03.25.19

Boeckermann Grafstrom & Mayer Launches Family Office Services Group

News

BLOOMINGTON, MN, March 25, 2019 – Boeckermann Grafstrom & Mayer (BGM) announced today that it has officially formed a Family Office Services Group to serve the business and personal needs...

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03.13.19

Five Ways to Give Your Sales Staff the Support They Really Need

Articles
Business Owners
Advisory

“I could sell water to a whale.” Indeed, most salespeople possess an abundance of confidence. One could say it’s a prerequisite for the job. Because of their remarkable self-assurance, sales...

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02.27.19

Careful Tax Planning Required for Incentive Stock Options

Articles
Business Owners
Advisory

Incentive stock options (ISOs) are a popular form of compensation for executives and other employees of corporations. They allow you to buy company stock in the future at a fixed...

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02.11.19

When are LLC Members Subject to Self-Employment Tax?

Articles
Business Owners
Business Tax
Individual Tax & Planning

Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to...

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02.06.19

Financial Statements Tell Your Business’s Story, Inside and Out

Articles
Business Owners
Audit & Assurance

Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their bookkeeping software. Although tracking financial transactions is...

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01.29.19

What You Need to Know About Loans With Due on Demand Provisions

Blog
Business Owners
Advisory

A borrower should focus on many details when negotiating a loan: What are the payment terms? What is the interest rate? What is securing the debt? Is anyone personally guaranteeing...

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a cbd oil in a small vial
01.04.19

2018 Farm Bill

Blog
Cannabis

President Trump recently signed the 2018 Farm Bill into law. This is not an ordinary farm bill, as the most interesting changes involve the cannabis plant and cannabis is not...

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11.26.18

When Holiday Gifts and Parties are Deductible or Taxable

Articles
Business Owners
Business Tax

The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties. Before you begin shopping or...

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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.