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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. 

A person pointing to a graphic of a lick in the foreground symbolizing cyber security
09.19.20
Jon T. Meyer, CFP®

Cyber and Financial Security in the Age of COVID-19

Newsletter
Business Owners
Families
Executives
Technology

Now that we have all gone online to Zoom our book club and Facetime our grandchildren, trends that were developing over the last few years have catapulted to daily use...

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09.16.20

Weighing the risks vs. rewards of a mezzanine loan

Articles
Business Owners
Advisory

To say that most small to midsize businesses have at least considered taking out a loan this year would probably be an understatement. The economic impact of the COVID-19 pandemic...

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a cannabis leaf sitting on us dollars
09.10.20

Shareholder Agreements for a Cannabis Company

Blog
Cannabis
Business Owners
Advisory

For a privately-owned company, one of the most basic pieces of corporate governance is a shareholder agreement. For many cannabis companies, unfortunately shareholder agreements are either non-existent or lack appropriate...

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09.08.20

Homebuyers: Can you deduct seller-paid points?

Articles
Families
Individual Tax & Planning

Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, compared with last year. One of the reasons is the...

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08.31.20

5 Key Points about Bonus Depreciation

Articles
Business Owners
Families
Business Tax
Individual Tax & Planning

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it...

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cash in a cash register
08.19.20
Dane J. Boeckermann, CPA

The Importance of Internal Controls for Business Fraud Protection

Newsletter
Business Owners
Executives
Advisory
Audit & Assurance

It is often during difficult times that business owners will encounter fraud in their business. While it’s hard to overstate the impact that fraud can have on a business, it’s...

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the map of the world with a lock overtop of it symbolizing cyber security
08.19.20

Cybersecurity 101: Back to the Basics

Newsletter
Business Owners
Executives
Families
Technology

Too often in cybersecurity, business leaders are forced into the ‘what’ decisions before ever getting an opportunity to understand the ‘why’ behind them. The purchasing conversations with IT start with...

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coins next to a rudimentary wood block building
08.18.20

Limiting Your Minnesota Estate Tax Liability

Blog
Families
Trusts
Family Office

A federal and or state estate tax liability may be due based on the amount of wealth the decedent accumulated over the decedent’s life. For 2020, a federal estate tax...

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08.18.20

What happens if an individual can’t pay taxes

Articles
Families
Individual Tax & Planning

While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you (or someone you know) can’t pay taxes on time? Here’s...

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08.13.20

Boeckermann Grafstrom & Mayer’s Edina Office is Moving and Joining Bloomington Office Location

News

On August 14, 2020, the Edina office of Boeckermann Grafstrom & Mayer (BGM) is moving and is joining the Bloomington office location. BGM’s Bloomington office is located at: 4470 W. 78th St....

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08.05.20

Boeckermann Grafstrom & Mayer Ranked Among Top 200 Accounting Firms by INSIDE Public Accounting

News

BLOOMINGTON, MN, August 5, 2020 – 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 400 largest firms...

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06.29.20
Cory M. Parnell, CPA

Are You Required to File Form 8300?

Blog
Cannabis
Business Owners
Advisory
Audit & Assurance

During a recent conversation with a cannabis wholesaler, I determined that they should have been filing Form 8300. As a new client to Bridge West, we began by compiling the...

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06.08.20

Rioting damage at your business? You may be able to claim casualty loss deductions

Articles
Business Owners
Business Tax

The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of stores or other businesses with inventory, some of...

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06.03.20

Does your company have an emergency succession plan?

Articles
Business Owners
Audit & Assurance
Advisory

For business owners, succession planning is ideally a long-term project. You want to begin laying out a smooth ownership transition, and perhaps grooming a successor, years in advance. And you shouldn’t officially...

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the outline of a man with an umbrella during a lightning storm
05.29.20
Dane J. Boeckermann, CPA

Business Strategies During a Downturn

Newsletter
Business Owners
Executives
Advisory
Audit & Assurance

During these difficult times of the Coronavirus pandemic, there has been a lot of discussion about the different government programs available to help small businesses weather the storm. However, there...

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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.