News + Insights

There once was a time that you needed to physically go into a department store or local shop to buy all the items that were wanted or needed for work...

Key performance indicators (KPIs) help business operators identify areas of growth and concern within their business operations. In the cannabis industry, this is especially important given the slight margin for...

Email is the most common and most used way to exchange information. We send and receive emails every day, both at work and at home. The average US worker sends...

The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans...

BLOOMINGTON, MN, December 21, 2021 – Boeckermann Grafstrom & Mayer is pleased to announce that Ryan Kraemer, Nathan Panning, and Nicole Richards have been promoted to Principal. “We greatly appreciate...

Key Takeaways: 2021 has had very little stock market volatility relative to history. However, it’s important to understand that risk doesn’t dissipate in stable market environments and that volatility is...

Over the last several years, the capital structures of high-THC license holding companies have become increasingly more complex. If the entity is taxed as a partnership, unexpected and challenging tax...

In today’s fast-paced world, businesses must be flexible and capable of adapting instantly. As a business owner, it can be easy to fall into survival mode and lose track of...

IPA Logo Top 200Boeckermann 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...

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. The current rules Under the current fair market...

Operating a cannabis company across multiple states is no easy feat. Because each state has its own rules around growing, packaging, testing, marketing and more, it’s extremely challenging for operators...

On July 1, 2021, the Minnesota Legislature passed, and Governor Tim Walz signed a 2021 tax bill. The bill includes tax changes related to unemployment compensation, Paycheck Protection Program (PPP) loan...

Outsourced accounting offers a huge benefit to many businesses, both small and large. However, most business owners don’t understand the benefits until year-end when they see the cleanup done of...

Now that we are half-way through the year it is time to assess your business. Mid-year reviews help business owners see how they are doing and adjust to achieve their...

If your business is organized as a sole proprietorship or as a wholly-owned limited liability company (LLC), you’re subject to both income tax and self-employment tax. There may be a...