News + Insights

When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are...

As anyone in the cannabis or hemp industries knows, preparing for 280e cannabis taxes is a regular—if dreaded—annual (or even quarterly) event. We’ve written about 280E and its implications for...

There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed to reduce or eliminate an extra level of tax on dividends...

Boeckermann Grafstrom & Mayer CPAs (BGM) is excited to announce that it is relocating its headquarters to a new location in Bloomington, MN. The new space’s opening date is scheduled...

To thank those Minnesotans who worked on the frontlines during the COVID-19 peacetime emergency, Gov. Tim Walz signed Frontline Worker Payments into law April 29, 2022, enabling those workers to...

This CannaBlog is an update to our previously published article, Depreciation Allowed for Cannabis and CBD Companies on 2020 Tax Returns. If you work in the cannabis sector, you’re probably...

For most people, the word “audit” doesn’t bring many pleasant thoughts to mind. It’s a word that makes you think about pain, embarrassment and annoyance. But business owners shouldn’t be...

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing corporate federal estimated payments. You want...

Audited financial statements provide a window into the health of a business. But when a business is about to go on the market, the seller and potential buyers should want a...

“What’s my business worth?” It’s a question many business owners find themselves asking for various reasons. If you want to know the estimated value of your company, a business valuation can be...

If the cannabis industry remains in hyperdrive—with some estimates positing the sector will top $30 billion this year—many eager entrepreneurs must face an uncomfortable hurdle: Finding cannabis financing remains a...

Boeckermann Grafstrom & Mayer (BGM) is pleased to announce that Accounting Today included the firm on two of its 2022 annual lists: “Regional Leaders Top Firms: Midwest” and “Beyond the...

Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such as IRAs or...

We’ve written before on topics that are vital to the recreational and medical cannabis industries, such as the critical analytics every cannabis dispensary needs to be on top of and...

In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of paying cash for them. Bartering...