News + Insights

There is an old saying in the accounting world that goes, “If you don’t know what your costs are, you will pretty soon.” That is what is going on with...

A natural place to turn when disaster strikes is insurance. The very reason you pay premiums and deal with the paperwork is to have these risk management policies in place...

The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This is referred...

On December 20, 2019, President Trump signed the 715-page Further Consolidated Appropriations Act, which included a clever combination of words to produce the “Setting Every Community Up for Retirement Enhancement”...

On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) was signed into law. This new law impacts 401(k) plans, college 529 plans,...

Email – we all need to deal with it whether we enjoy it or not. Have you ever really looked at how much time you spend reading, organizing, responding, archiving,...

The SECURE Act passed on December 20, 2019, has broad implications for retirement plans. It requires changes in how we save and take money out of retirement accounts. Also, this...

Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both income tax and self-employment tax. There...

The best place to start trying to answer this question may be a quick review of the basics of tax accounting methods. An accounting method is a set of rules...

Device policies pertaining to smartphones and other technology tools continue to frustrate business owners as they try to balance their needs for security and functionality against employees’ rights to privacy...

Recently, I had the opportunity to speak with students at Lincoln High School in Lake City, Minnesota about accounting careers. I have enjoyed meeting with students since my elementary school...

Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone else who holds a key interest in the longevity of...

BLOOMINGTON, MN, December 2, 2019 – Boeckermann Grafstrom & Mayer (BGM), a nationally recognized top 200 accounting firm, announced today that they have combined firms with Edina-based CPA firm, Weber &...

According to industry research, in the first half of 2019 organizations experienced more than 3,800 publicly disclosed breaches exposing 4.1 billion compromised records. Unfortunately, organizations historically have only utilized a...

In the cannabis industry, the current trend is going public on a Canadian stock exchange through a reverse merger. Going public provides access to vast amounts of funding and high...