News + Insights

The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that doesn’t match the agency’s records. These CP2100 and CP2100A notices...

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. Thus, to...

Key Takeaways Acknowledge the emotional attachment that often comes with an inheritance. Allow yourself time to process the event that triggered the financial windfall, and refrain from making major financial...

Estate planning documents are not a one size fits all approach. Your estate documents need to succeed in intention and complexity as your financial assets and income grow and increase...

We are approaching mid-year, making it the right time for a company to assess whether it has the proper internal controls. Business owners should put measures in place to protect...

“What’s my business worth?” It’s a question many business owners find themselves asking for various reasons. If you want to know the estimated value of your company, a business valuation can be...

If the cannabis industry remains in hyperdrive—with some estimates positing the sector will top $30 billion this year—many eager entrepreneurs must face an uncomfortable hurdle: Finding cannabis financing remains a...

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in mind that this list isn’t all-inclusive, so...

In recent years, more and more businesses have increased efforts to support the well-being of their employees. This means not only providing health care benefits, but also offering other initiatives...

Typically, businesses want to delay the recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And...

Boeckermann Grafstrom & Mayer (BGM) is pleased to announce that Accounting Today included the firm on two of its 2022 annual lists: “Regional Leaders Top Firms: Midwest” and “Beyond the...

Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such as IRAs or...

We’ve written before on topics that are vital to the recreational and medical cannabis industries, such as the critical analytics every cannabis dispensary needs to be on top of and...

In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of paying cash for them. Bartering...

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex...