News + Insights

The evolving landscape of the cannabis industry in the United States has led to numerous legal and financial challenges. A critical issue that requires close attention is the interaction between...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...