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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. 

07.28.23

Boeckermann Grafstrom & Mayer Ranks #133 Among Top 200 Accounting Firms by INSIDE Public Accounting

News

Boeckermann Grafstrom & Mayer (BGM) is pleased to announce that the firm has been named a 2023 “IPA 200 Firm” by INSIDE Public Accounting (IPA). This year, BGM moved up...

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07.20.23

Minnesota CLE – 2023 Cannabis Law Conference

Event
Cannabis

Learn How Cannabis Legalization Will Impact: Personal Use and Consumption Employment Housing Criminal law Gain an Understanding of 4 Key Aspects of the Business of Cannabis: How to Set Up...

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07.19.23
Calvin P. Shannon, CPA, CVA

The Critical Distinctions: CFO vs. Controller in the Cannabis Industry

Blog
Cannabis
Outsourced Accounting

The evolving nature of the cannabis industry presents unique challenges and opportunities for businesses operating in this space. This rapidly growing industry demands effective financial management, making the roles of...

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two professionals points pens at a lengthy document
07.13.23
Michael Andrews, CPA, ABV

Gift & Estate Tax Planning for Small Business Owners: The Time to Plan Is Now

Blog
Business Owners
Families
Executives
Trusts
Individual Tax & Planning
Family Office

Most owners of small and mid-sized businesses are well aware of the need to create estate plans that allow them to control and protect their assets upon their death, but...

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07.11.23
Cory M. Parnell, CPA

Stay Compliant and Efficient: Why Cannabis Operators Need a Cloud-Based Expense Management Tool

Blog
Cannabis
Outsourced Accounting
Advisory

As the cannabis sector evolves and expands, managing operational expenses effectively and efficiently becomes a growing concern for industry operators. To meet this need, cloud-based expense management tools have emerged...

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07.07.23

Expense Management for Cannabis Operators: Unleashing the Benefits of Today’s Technology

Event
Webinar
Cannabis
Technology

Presented by Bridge West CPAs & Advisors to the Cannabis Industry Thursday, August 3, 2023, at 11:30 am – 12:30 pm CT The cannabis industry is a rapidly growing market...

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06.28.23
Cory M. Parnell, CPA

Maximizing Cannabis Operations with KPIs

Blog
Cannabis
Business Owners
Advisory
Audit & Assurance

For business owners, Key Performance Indicators (KPIs) provide a critical lens for recognizing growth areas and potential challenges. Companies generally monitor KPIs such as revenue growth, revenue per client, profit...

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the Minnesota capital building
06.21.23
Cory M. Parnell, CPA

State-Mandated Retirement Plans: A Detailed Guide

Blog
Retirees
Retirement 401k

Many states have recognized that retirement planning is vital for the financial wellness and security of American workers. To help more people become retirement-ready, some states have implemented state-mandated retirement...

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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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“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.