News + Insights

Access Our Wealth of Knowledge

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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. 

stacks of coins growing left to right
07.29.19

Increasing the Value of Your Company Before Selling

Blog
Business Owners
Advisory

Mergers and acquisitions activity have accelerated significantly in recent years. Companies have liquidity on their balance sheets, are looking to obtain experienced staffing and technology, aging demographics, and tax reform,...

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07.18.19

Is An HSA Right For You?

Articles
Families
Individual Tax & Planning

To help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs). With these accounts, individuals can pay for certain medical...

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07.15.19

It’s a Good Time to Buy Business Equipment and Other Depreciable Property

Articles
Business Owners
Business Tax

There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified...

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07.08.19

M&A Transactions: Avoid Surprises from the IRS

Articles
Business Owners
Business Tax
Audit & Assurance

If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the...

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stacks of coins with a plant growing from their tops
06.14.19

Financial Projection or Model for your Cannabis or Hemp/CBD Business Plan

Blog
Cannabis
Advisory
Audit & Assurance

All good business plans require a financial projection. Creating a financial projection is both an art and a science. A financial projection will include projected sales, budgeted expenses, a balance...

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06.12.19

Boeckermann Grafstrom & Mayer Announces New Hires in Outsourced Accounting Services Group

News

BLOOMINGTON, MN, June 12, 2019 – Boeckermann Grafstrom & Mayer (BGM) is pleased to announce that Nickie Wiatrak and Molly Sandbulte have joined the firm’s Bloomington office, as members of...

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05.28.19

Tax-Smart Domestic Travel: Combining Business with Pleasure

Articles
Business Owners
Business Tax
Individual Tax & Planning

Summer is just around the corner, so you might be thinking about getting some vacation time. If you’re self-employed or a business owner, you have a golden opportunity to combine...

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05.24.19

Boeckermann Grafstrom & Mayer Hosts 2019 Summer Experience Program

Blog

Boeckermann Grafstrom & Mayer (BGM) recently welcomed 13 accounting students from regional colleges and universities who were selected to participate in the firm’s 2019 Summer Experience Program. The day-long program,...

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05.22.19

Build Long-Term Relationships with CRM Software

Articles
Business Owners
Technology

Few businesses today can afford to let potential buyers slip through the cracks. Customer relationship management (CRM) software can help you build long-term relationships with those most likely to buy...

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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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“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.