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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. 

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11.04.21

It’s OK to Pass on Crytpo and NFTs

Newsletter
Families
Retirees
Wealth Management

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...

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a small wood block home next to stacks of pennies
11.04.21
Jon T. Meyer, CFP®

3 Impacts of Low Interest Rates

Newsletter
Families
Wealth Management

Key Takeaways: Interest rates continue to remain low, and that seems to bug people. Yes, low rates are probably leading to some of the gains in the stock market. But...

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10.11.21

New Per Diem Business Travel Rates became Effective on October 1

Articles
Business Owners
Executives
Business Tax

Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per diem” rates that became effective October 1, 2021. Taxpayers...

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09.27.21

M&A transactions: Be Careful when Reporting to the IRS

Articles
Business Owners
Advisory

Low-interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, according to Refinitiv, a provider of financial data. It reports that...

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A capitol building with the US flag
09.23.21

House Ways and Means Committee Tax Proposals

Blog
Business Owners
Executives
Business Tax
Individual Tax & Planning

Key Points House Democrats outlined tax increases they aim to use to offset up to $3.5 trillion in spending on the social safety net and climate policy. The proposal includes...

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08.31.21

You can only claim a casualty loss tax deduction in certain situations

Articles
Business Owners
Families
Business Tax
Individual Tax & Planning

In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires, and other disasters. No matter where you live, unexpected disasters may cause damage to your home...

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08.25.21

Expanding Succession Planning Beyond Ownership

Articles
Business Owners
Advisory

Business owners are regularly urged to create and update their succession plans. And rightfully so — in the event of an ownership change, a solid succession plan can help prevent...

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08.23.21

Getting a Divorce? Be Aware of Tax Implications if You Own a Business

Articles
Business Owners
Individual Tax & Planning

If you’re a business owner and you’re getting a divorce, tax issues can complicate matters. Your business ownership interest is one of your biggest personal assets and in many cases,...

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one cannabis leaf on top of a 100 dollar bill
08.20.21
Calvin P. Shannon, CPA, CVA

Entities Subject to 280E Taxed as a Partnership – Issues to Consider

Blog
Cannabis
Business Tax

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...

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08.16.21

Possible Tax Consequences of Guaranteeing a Loan to Your Corporation

Articles
Business Owners
Executives
Business Tax

What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or indemnitor of a debt obligation of...

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a laptop displaying graphs and a tablet showing dates
08.05.21
Jason A. Marvin, CPA

Using Key Performance Indicators to Evaluate Business Success

Newsletter
Business Owners
Executives
Advisory

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...

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a keyboard with a money symbol on a key about to be pressed
08.05.21
Jon T. Meyer, CFP®

That Awesome Midyear Checkup! Here’s What to Review

Newsletter
Business Owners
Executives
Business Tax
Individual Tax & Planning
Audit & Assurance

I have spent the pandemic learning that measurement is useful when cooking. I started using a scale more often for cooking, brewing coffee (I can make a mean pour-over), and...

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08.05.21

How to Know if Your 401(k) Plan is Performing

Newsletter
Families
Retirement 401k

One of the hardest questions to answer as a business owner is, “How is our company retirement plan performing?” And when you dig deeper, there are even more questions that...

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a marijuana plant with a chart in the foreground going up
08.05.21
Jason A. Marvin, CPA

How Cannabis Businesses Can Use KPIs to Evaluate Success

Blog
Cannabis
Advisory

Jason Marvin, Principal with Boeckermann Grafstrom & Mayer, recently published an article about key performance indicators (KPIs) and how they can be used to help cannabis businesses track and achieve...

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07.28.21

Boeckermann Grafstrom & Mayer Ranks #153 Among Top 200 Accounting Firms by INSIDE Public Accounting

News

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...

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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.