News + Insights

Cannabis businesses face complex tax obligations and need to be mindful of potential IRS audits. The complexities of IRS audits increase due to Section 280E of the Internal Revenue Code...

In today’s economy and environment, it can seem impossible to step away from our businesses to educate, network, and have fun. But sometimes we must make the time. When we...

Congress has passed the Inflation Reduction Act (IRA) and President Biden is expected to sign it into law. The $740 billion bill contains many tax breaks and raises revenue through a...

If you’re in the early stages of exploring cannabis financing or attempting to raise cannabis capital, you’ve probably come across the concept of convertible debt. Cannabis ventures, in particular, tend...

With electronic payments and in-app purchases becoming so much the norm, many midsize to large companies have grown accustomed to software-driven accounts receivable. But there are some smaller businesses that...

We fall in love with our new bundle of joy when they are handed to us at birth or when we welcome them into our hearts. We spend the next...

Warmer weather, lower costs of living, and the ability to enjoy outdoor activities are all strong considerations making migration south attractive for many retirees. Purchasing a new residence to escape...

The flurry of tax law changes over the last few years has been nothing short of a whirlwind, leaving many of us with whiplash as we make sense of all...

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 500 largest firms in the...

When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are...

I recently visited Tetra Private Lounge and Garden, Denver’s premier private consumption lounge and the only business in Denver where cannabis can legally be consumed on site. I interviewed the...

Outsourcing business processes is an effective way to minimize your costs and maximize your operations. Whether you’re scaling your business or looking to delegate important tasks, outsourcing your accounting can have long-term...

As anyone in the cannabis or hemp industries knows, preparing for 280e cannabis taxes is a regular—if dreaded—annual (or even quarterly) event. We’ve written about 280E and its implications for...

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your...

Like a slowly gathering storm, inflation has gone from dark clouds on the horizon to a noticeable downpour on both the U.S. and global economies. Is it time for business...