News + Insights

“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...

If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips. The rules for...

If you wish to sell your business to retire or transition or you’re seeking to buy a new business as part of your growth strategy, mergers and acquisitions are a...

If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In general, it depends on which filing...

Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend. However, a dividend distribution...

Key Takeaways: Withdrawal strategies for IRA inheritors who do not meet the definition of an eligible designated beneficiary are no longer predefined. Therefore, a material planning opportunity exists to sequence...