News + Insights

Access Our Wealth of Knowledge

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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. 

accountants reviewing financial charts and graphs
08.17.23
John Barghini, CPA, MBT

Asset Sale vs. Stock Sale When Selling a Business

Blog
Business Owners
Advisory
Business Tax
Individual Tax & Planning

The life of a business owner is often defined by competition. Competing for customers, talent, brand recognition and more are second nature. Selling a business also involves competition in the...

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minnesota's best choice badge
08.15.23

Boeckermann Grafstrom & Mayer Voted a Minnesota’s Best 2023 Winner

News

Boeckermann Grafstrom & Mayer (BGM) is proud to announce that we have been voted a Minnesota’s Best 2023 winner! BGM is recognized as a bronze winner in the Accounting Firm...

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an accountant reviewing financial documents
08.08.23
Cory M. Parnell, CPA

Managing Law Firm Finances with BGM’s Outsourced Accounting Services Group: Cash Flow and Partner Taxable Income

Blog
Law Firms
Outsourced Accounting

Law firms are unique businesses with their own set of financial challenges. Among these challenges, managing cash flow and determining taxable income for each partner rank highly. Addressing these issues...

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08.08.23
Cory M. Parnell, CPA

Legalization of Recreational Cannabis in Minnesota as of August 1, 2023

Blog
Cannabis
Advisory

The Land of 10,000 Lakes has officially joined the growing list of states that legalized recreational cannabis. With Minnesota’s legalization now in effect as of August 1, 2023, a new...

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a woman working at a computer
07.31.23
Jon T. Meyer, CFP®

Planning for Success Is Harder (Than Planning for Regret)

Newsletter
Business Owners
Wealth Management
Advisory

Life just flies by. One minute we are scolding a five-year-old, and the next we are attending their college graduation. One minute we are the perfect weight, and 10 years...

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a banner showing the words retirement planning
07.31.23

Attention Business Owners: It’s Time for a Review of Your Company Retirement Plan

Newsletter
Business Owners
Retirement 401k

As a fellow business owner, I know that the summer months present an excellent opportunity to assess our company’s progress and explore new ventures. One project I encourage all our...

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07.31.23
John Barghini, CPA, MBT

New Minnesota Law Changes: The Property Tax Refund for Homeowners and Renters

Newsletter
Families
Individual Tax & Planning

Minnesota recently passed a new tax law in May, bringing about changes and increased benefits to the property tax refund for homeowners and renters. Currently, Minnesota provides a refundable tax...

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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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“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.