News + Insights

Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by using IRS...

You’d be hard-pressed to find many employees these days who don’t use smartphones for some aspect of their jobs. Even someone who works behind a point-of-sale device may use a...

Introduction to 280E and Its Impact on Cannabis Dispensaries In the rapidly growing cannabis industry, navigating financial intricacies is a matter of survival, particularly when faced with the hurdles of...

In an ever-increasing digital world, the IRS continues transitioning its operations toward more efficient and secure methods. As a recent step in this direction, the IRS announced that starting January...

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...