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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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05.23.23

A Closer Look at Secure Act 2.0: Changes and Updates for Retirement Plans

Newsletter
Retirees
Retirement 401k

With the Secure Act 2.0 recently passing into law, there are many new provisions affecting retirement plans and IRAs. This new law has many changes. Some that that are in...

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05.12.23
Calvin P. Shannon, CPA, CVA

Employee Retention Credit Refunds: What Cannabis Operators Need to Know

Blog
Cannabis
Business Tax

The Employee Retention Credit (ERC) has proven to be a valuable resource for businesses during the challenging economic climate of recent years. As the cannabis industry continues to emerge and...

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05.03.23

Security Risks Associated with QR Codes

Newsletter
IT
Technology

QR codes, or Quick Response codes, have become a staple in today’s digital world. They can be found on everything from advertisements and product packaging to business cards and signs....

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05.03.23
Jon T. Meyer, CFP®

What If You Are Wrong? Overconfidence and the Pregnant Pause

Blog
Families
Wealth Management
Individual Tax & Planning

I have been in Toastmasters for 28 years; I have gone weekly (we do take summers off) during those 28 years. In evaluating a speech, we often look for “ahs”...

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a family meeting together
05.03.23
John Barghini, CPA, MBT

Raising Money-Savvy Kids: Tips for Teaching Your Children About Taxes

Blog
Families
Individual Tax & Planning

Financial education is a crucial aspect of preparing children for successful adulthood. Parents can help kids develop the skills and knowledge necessary to make informed decisions about their finances by...

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05.02.23
Cory M. Parnell, CPA

Minnesota Moves Closer to Recreational Cannabis Legalization

Blog
Cannabis
Advisory

In Minnesota, the push for recreational cannabis legalization has been ongoing for several years. Efforts to legalize recreational cannabis have faced resistance from some lawmakers and law enforcement officials. Read...

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04.27.23
Dane J. Boeckermann, CPA

How to Increase Business Profits to Attract Potential Buyers

Blog
Business Owners
Advisory

If you’re looking to sell your business one day, you’ll need to make it attractive to potential buyers. While there are many types of buyers, the profitability of your company...

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04.27.23
Calvin P. Shannon, CPA, CVA

Colorado’s New Retirement Savings Law and its Implications for the Cannabis Industry

Blog
Cannabis
Advisory
Retirement 401k

The Colorado Secure Savings Program is a new retirement savings law that has significant implications for employees and employers in the state. In particular, it has raised questions about how...

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04.11.23
Cory M. Parnell, CPA

Navigating the Paychex Departure: Understanding the Impact and Exploring Solutions for Cannabis Operators

Blog
Cannabis
Outsourced Accounting

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...

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03.27.23
Calvin P. Shannon, CPA, CVA

2023 Farm Bill

Blog
Cannabis
Advisory

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...

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03.22.23
Cory M. Parnell, CPA

Cannabis C-Corps: Filing Requirements & Penalties for Not Extending

Blog
Cannabis
Business Tax

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...

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03.22.23

Boeckermann Grafstrom & Mayer Named to Two of Accounting Today’s 2023 Annual Lists

News

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...

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03.13.23

Streamlining Your Accounting Department for Professional Services Firms

Blog
Professional Services
Outsourced Accounting

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...

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03.09.23
Cory M. Parnell, CPA

Minnesota Cannabis Updates 2023: Current License Holders

Blog
Cannabis
Advisory
Business Tax
Audit & Assurance

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...

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03.03.23
Cory M. Parnell, CPA

Why You Should Outsource Accounting for Your Cannabis Business

Blog
Cannabis
Outsourced Accounting

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....

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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.