News + Insights

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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. 

05.21.19
Jason A. Marvin, CPA

IRS Updates Rules for Personal Use of Employer-Provided Vehicles

Articles
Business Owners
Families
Business Tax
Individual Tax & Planning

The IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average value rule. Employers can use the rules to value an...

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couple meets with financial advisor
05.14.19
Jon T. Meyer, CFP®

How to Choose a Financial Advisor: 4 Questions You Should Ask

Blog
Business Owners
Retirees
Families
Advisory

Key takeaway: For many people, hiring a financial advisor is a bit like going to the dentist: You might feel like you need one, but you don’t relish the meetings....

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05.13.19

Consider a Roth 401(k) Plan — And Make Sure Employees Use It

Articles
Business Owners
Retirement 401k

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America...

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05.06.19

What Type of Expenses Can’t be Written Off by Your Business?

Articles
Business Owners
Business Tax

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state...

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04.30.19
Jon T. Meyer, CFP®

100-Year Thinking: Families Strategically Helping Each Other Through the Generations

Blog
Families
Family Office
Wealth Management

It takes a long time to get what we want. Most successful people will tell you that they started experiencing success in their mid-40s or early 50s. Even 99% of...

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04.30.19

Your Responsibility as a Business Owner in a Cyber World

Newsletter
Business Owners
Technology

Each day, we learn more about the ever-changing landscape of cyber threats and the risks they pose to serving our clients. It is no longer a question of “if” your...

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04.30.19

Business Owners: Are Your Employees Retirement Ready?

Newsletter
Business Owners
Retirement 401k

The retirement plan industry has been using the phrase “Retirement Ready” for a while now, but what does it mean? The definition of Retirement Readiness from Investopedia reads: Retirement Readiness...

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04.25.19

Prepare for the Worst With a Business Turnaround Strategy

Articles
Business Owners
Advisory
Audit & Assurance

Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of decline and failure. Often, the demise of a company is driven by...

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04.23.19

Casualty Loss Deductions: You Can Claim One Only for a Federally Declared Disaster

Articles
Families
Individual Tax & Planning

Unforeseen disasters happen all the time and they may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act, eligible casualty loss victims could claim...

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04.01.19

Understanding How Taxes Factor Into an M&A Transaction

Articles
Business Owners
Business Tax
Advisory

Merger and acquisition activity has been brisk in recent years. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be...

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03.27.19

Boeckermann Grafstrom & Mayer Launches Division to Service Professional Athletes and Wealthy Families

News

Minneapolis-St. Paul Business Journal – March 27, 2019 – The Bloomington-based company, which is mainly known as an accounting firm, recently added the division called the Family Office Services Group,...

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03.25.19

Boeckermann Grafstrom & Mayer Launches Family Office Services Group

News

BLOOMINGTON, MN, March 25, 2019 – Boeckermann Grafstrom & Mayer (BGM) announced today that it has officially formed a Family Office Services Group to serve the business and personal needs...

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03.13.19

Five Ways to Give Your Sales Staff the Support They Really Need

Articles
Business Owners
Advisory

“I could sell water to a whale.” Indeed, most salespeople possess an abundance of confidence. One could say it’s a prerequisite for the job. Because of their remarkable self-assurance, sales...

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03.06.19

Using Knowledge Management to Develop Your Succession Plan

Articles
Business Owners
Advisory

As the old saying goes, “Knowledge is power.” This certainly rings true in business, as those who best understand their industries and markets tend to have a knack for staying...

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02.27.19

Careful Tax Planning Required for Incentive Stock Options

Articles
Business Owners
Advisory

Incentive stock options (ISOs) are a popular form of compensation for executives and other employees of corporations. They allow you to buy company stock in the future at a fixed...

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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.