News + Insights

Access Our Wealth of Knowledge

coffee and newspaper

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. 

08.31.20

5 Key Points about Bonus Depreciation

Articles
Business Owners
Families
Business Tax
Individual Tax & Planning

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it...

Read More
cash in a cash register
08.19.20
Dane J. Boeckermann, CPA

The Importance of Internal Controls for Business Fraud Protection

Newsletter
Business Owners
Executives
Advisory
Audit & Assurance

It is often during difficult times that business owners will encounter fraud in their business. While it’s hard to overstate the impact that fraud can have on a business, it’s...

Read More
the map of the world with a lock overtop of it symbolizing cyber security
08.19.20

Cybersecurity 101: Back to the Basics

Newsletter
Business Owners
Executives
Families
Technology

Too often in cybersecurity, business leaders are forced into the ‘what’ decisions before ever getting an opportunity to understand the ‘why’ behind them. The purchasing conversations with IT start with...

Read More
coins next to a rudimentary wood block building
08.18.20

Limiting Your Minnesota Estate Tax Liability

Blog
Families
Trusts
Family Office

A federal and or state estate tax liability may be due based on the amount of wealth the decedent accumulated over the decedent’s life. For 2020, a federal estate tax...

Read More
08.18.20

What happens if an individual can’t pay taxes

Articles
Families
Individual Tax & Planning

While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you (or someone you know) can’t pay taxes on time? Here’s...

Read More
08.13.20

Boeckermann Grafstrom & Mayer’s Edina Office is Moving and Joining Bloomington Office Location

News

On August 14, 2020, the Edina office of Boeckermann Grafstrom & Mayer (BGM) is moving and is joining the Bloomington office location. BGM’s Bloomington office is located at: 4470 W. 78th St....

Read More
inside public accounting top 200 firms in 2020 logo
08.05.20

Boeckermann Grafstrom & Mayer Ranked Among Top 200 Accounting Firms by INSIDE Public Accounting

News

BLOOMINGTON, MN, August 5, 2020 – Boeckermann 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 firms...

Read More
06.29.20
Cory M. Parnell, CPA

Are You Required to File Form 8300?

Blog
Cannabis
Business Owners
Advisory
Audit & Assurance

During a recent conversation with a cannabis wholesaler, I determined that they should have been filing Form 8300. As a new client to Bridge West, we began by compiling the...

Read More
06.08.20

Rioting damage at your business? You may be able to claim casualty loss deductions

Articles
Business Owners
Business Tax

The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of stores or other businesses with inventory, some of...

Read More
06.03.20

Does your company have an emergency succession plan?

Articles
Business Owners
Audit & Assurance
Advisory

For business owners, succession planning is ideally a long-term project. You want to begin laying out a smooth ownership transition, and perhaps grooming a successor, years in advance. And you shouldn’t officially...

Read More
the outline of a man with an umbrella during a lightning storm
05.29.20
Dane J. Boeckermann, CPA

Business Strategies During a Downturn

Newsletter
Business Owners
Executives
Advisory
Audit & Assurance

During these difficult times of the Coronavirus pandemic, there has been a lot of discussion about the different government programs available to help small businesses weather the storm. However, there...

Read More
a 100 dollar bill made into a puzzle
05.28.20
Jon T. Meyer, CFP®

9 Smart Planning Strategies for Down Markets

Newsletter
Families
Executives
Wealth Management

Recency bias has crept into many conversations. Recency bias says that what we see going on around us most recently weighs most heavily in our assumptions of the future. The...

Read More
A home workstation with a computer and laptop
05.28.20

Embracing Cloud Applications: Now Is the Time

Newsletter
Business Owners
Executives
Technology

In my 20-year IT career, I have witnessed a common cultural trait across most organizations; embracing technological change is difficult. However, with the current Coronavirus pandemic, companies have been forced...

Read More
05.26.20

Student loan interest: Can you deduct it on your tax return?

Articles
Families
Individual Tax & Planning

The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with student loans have been hard hit. The Coronavirus Aid, Relief and Economic Security (CARES) Act contains...

Read More
thumbnail for the cannabis section 471(C) webinar
05.18.20

Cannabis Businesses and IRC Section 471(c) of the Tax Cuts & Jobs Act: Has the Curse of 280E Been Mitigated?

Webinar
Cannabis
Business Tax

In response to the article written by Calvin Shannon, CPA, CVA, Principal at Bridge West LLC, and Nicholas J. Richards, Esq., Partner at Greenspoon Marder LLP, and published by the NCIA, Bridge West...

Read More

“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.