News + Insights

The cannabis industry has been experiencing rapid growth and change, but not without its fair share of growing pains. One of the latest challenges faced by hundreds of operators in...

As a hemp or CBD operator, staying up to date on the regulatory landscape surrounding your industry is crucial. One key piece of legislation that has significantly impacted the hemp...

Cannabis C-Corps are subject to specific filing requirements and penalties if they fail to comply with these requirements. This blog post will discuss the filing requirements for cannabis C-Corps and...

Boeckermann Grafstrom & Mayer (BGM) has recently been recognized by Accounting Today in two of the publication’s annual lists for 2023: “Regional Leaders Top Firms: Midwest” and “Beyond the Top...

Cory Parnell, CEO of BGM, and Brian Stueve, BGM’s Outsourcing Practice Leader, recently sat down together to discuss the whys and hows of streamlining the accounting departments of professional services...

As Minnesota continues to progress toward the legalization of adult-use cannabis, there are a lot of changes and updates for current cannabis license holders to keep in mind. Here are...

For many cannabis businesses, managing financials can be a challenge. With complex regulations, high taxes, and changing market trends, keeping up with accounting and bookkeeping can be a daunting task....

You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for “personal physical...

Insights from Bridge West CPAs Check out our highlights of the events happening throughout the year, and we will regularly update this listing. Business of Cannabis: NYC Sessions – New...

The 2022 mid-term election has shifted the scales in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it remains to be seen if — and...

This CannaBlog is intended to provide some considerations that current and potential license holders should think about as they work with advisors to make entity selection decisions or consider potential...

Merger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down...

Employee Stock Ownership Plans (ESOPs) can be a helpful tool for companies and business owners alike. For business owners who want to retire, transition out of their business and/or do succession...

What is Form 1099? Form 1099 is an important IRS tax document that all businesses must file when applicable known as an information return, meaning you fill out the form...

Many business owners spend most of their time developing strategic plans, overseeing day-to-day operations and, of course, putting out fires. Yet an underlying source of both opportunity and trouble can...