News + Insights

Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, compared with last year. One of the reasons is the...

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...

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...

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...

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...

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...

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...