News + Insights

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....

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...

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...

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...

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...

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...

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...

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...

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...

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...

Earlier today the Small Business Administration (SBA) released information about how it will review borrowers’ required good-faith certification concerning the necessity of their PPP loan request. The SBA states that...

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2019 tax...

I recently attended an informative virtual town hall presented by the Minnesota Trucking Association.  This event allowed attendees to hear updates from Minnesota agencies on recent actions that impact the trucking...

Today, May 7, 2020 NCIA published an article co-authored by Bridge West Principal Calvin Shannon. They explain recent findings regarding new tax rules and how they affect the cannabis industry....

There is an old saying in the accounting world that goes, “If you don’t know what your costs are, you will pretty soon.” That is what is going on with...