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Browse BGM’s collective financial knowledge across a wide variety of topics and industry specific insights, as well as the most up to date news on our firm. 

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06.15.23
Cory M. Parnell, CPA

Unlocking the Value of Early-Stage Cannabis Businesses

Blog
Cannabis
Advisory

Figuring out the worth of an early-stage cannabis company can be a daunting task, yet it remains an integral part of your capital formation process, especially if your business is...

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06.05.23

An Excise Exploration: Unpacking Minnesota’s Cannabis Taxation

Blog
Cannabis
Business Tax

Minnesota is poised to become the 23rd state to legalize cannabis use for those 21 and older. The bill legalizing cannabis use spans more than 300 pages and encapsulates a...

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05.30.23

Five Reasons Minnesota Is a Great Place to Build a Cannabis Business (Op-Ed)

Blog
Cannabis
Advisory

With low taxes, no local bans, reasonable licensing fees and no neighboring states with legalization, Minnesota is one of the most attractive markets in the U.S. As the 23rd state...

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05.23.23
Cory M. Parnell, CPA

A Timeline and Comprehensive Review of States Approving 280E Deductions

Blog
Cannabis
Advisory
Business Tax
Individual Tax & Planning

Section 280E of the Internal Revenue Code (IRC) is a compelling and often controversial issue in the cannabis industry. Enacted in 1982, this provision prohibits businesses from deducting otherwise ordinary...

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the us capital building
05.23.23

A Closer Look at Secure Act 2.0: Changes and Updates for Retirement Plans

Newsletter
Retirees
Retirement 401k

With the Secure Act 2.0 recently passing into law, there are many new provisions affecting retirement plans and IRAs. This new law has many changes. Some that that are in...

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05.12.23
Calvin P. Shannon, CPA, CVA

Employee Retention Credit Refunds: What Cannabis Operators Need to Know

Blog
Cannabis
Business Tax

The Employee Retention Credit (ERC) has proven to be a valuable resource for businesses during the challenging economic climate of recent years. As the cannabis industry continues to emerge and...

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a qr code on a phone
05.03.23

Security Risks Associated with QR Codes

Newsletter
IT
Technology

QR codes, or Quick Response codes, have become a staple in today’s digital world. They can be found on everything from advertisements and product packaging to business cards and signs....

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05.03.23
Jon T. Meyer, CFP®

What If You Are Wrong? Overconfidence and the Pregnant Pause

Blog
Families
Wealth Management
Individual Tax & Planning

I have been in Toastmasters for 28 years; I have gone weekly (we do take summers off) during those 28 years. In evaluating a speech, we often look for “ahs”...

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05.03.23
John Barghini, CPA, MBT

Raising Money-Savvy Kids: Tips for Teaching Your Children About Taxes

Blog
Families
Individual Tax & Planning

Financial education is a crucial aspect of preparing children for successful adulthood. Parents can help kids develop the skills and knowledge necessary to make informed decisions about their finances by...

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05.02.23
Cory M. Parnell, CPA

Minnesota Moves Closer to Recreational Cannabis Legalization

Blog
Cannabis
Advisory

In Minnesota, the push for recreational cannabis legalization has been ongoing for several years. Efforts to legalize recreational cannabis have faced resistance from some lawmakers and law enforcement officials. Read...

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04.27.23
Dane J. Boeckermann, CPA

How to Increase Business Profits to Attract Potential Buyers

Blog
Business Owners
Advisory

If you’re looking to sell your business one day, you’ll need to make it attractive to potential buyers. While there are many types of buyers, the profitability of your company...

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04.27.23
Calvin P. Shannon, CPA, CVA

Colorado’s New Retirement Savings Law and its Implications for the Cannabis Industry

Blog
Cannabis
Advisory
Retirement 401k

The Colorado Secure Savings Program is a new retirement savings law that has significant implications for employees and employers in the state. In particular, it has raised questions about how...

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04.11.23
Cory M. Parnell, CPA

Navigating the Paychex Departure: Understanding the Impact and Exploring Solutions for Cannabis Operators

Blog
Cannabis
Outsourced Accounting

The cannabis industry has been experiencing rapid growth and change, but not without its fair share of growing pains. One of the latest challenges faced by hundreds of operators in...

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03.27.23
Calvin P. Shannon, CPA, CVA

2023 Farm Bill

Blog
Cannabis
Advisory

As a hemp or CBD operator, staying up to date on the regulatory landscape surrounding your industry is crucial. One key piece of legislation that has significantly impacted the hemp...

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03.22.23
Cory M. Parnell, CPA

Cannabis C-Corps: Filing Requirements & Penalties for Not Extending

Blog
Cannabis
Business Tax

Cannabis C-Corps are subject to specific filing requirements and penalties if they fail to comply with these requirements. This blog post will discuss the filing requirements for cannabis C-Corps and...

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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.

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