News + Insights

Recently, I had the opportunity to speak with students at Lincoln High School in Lake City, Minnesota about accounting careers. I have enjoyed meeting with students since my elementary school...

Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone else who holds a key interest in the longevity of...

BLOOMINGTON, MN, December 2, 2019 – Boeckermann Grafstrom & Mayer (BGM), a nationally recognized top 200 accounting firm, announced today that they have combined firms with Edina-based CPA firm, Weber &...

According to industry research, in the first half of 2019 organizations experienced more than 3,800 publicly disclosed breaches exposing 4.1 billion compromised records. Unfortunately, organizations historically have only utilized a...

In the cannabis industry, the current trend is going public on a Canadian stock exchange through a reverse merger. Going public provides access to vast amounts of funding and high...

If your company faces the need to “remediate” or clean up environmental contamination, the money you spend can be deductible on your tax return as ordinary and necessary business expenses....

With the holidays close at hand, now may be a good time to review the gifting rules in play for 2019 to see if changes are needed to any gifting...

As the end of the year approaches, it is a good time to focus on year-end tax planning moves that will help you lower your tax bill this year and...

With the Tax Cuts and Jobs Act of 2017, we all saw our 2018 tax bills change. The biggest change for many is that we lost some of our deductions,...

In many industries, market conditions move fast. Businesses that don’t have their ears to the ground can quickly get left behind. That’s just one reason why some of today’s savviest...

Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should consider a cost segregation study. It may...

As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate of tax imposed...

You’d be hard pressed to find a business today that doesn’t have laptop computers listed among its assets. Large companies have hundreds of them; midsize ones issue them to managers...

Autumn brings falling leaves and … the gridiron. Football teams — from high school to pro — are trying to put as many wins on the board as possible to...

Quality employee recruitment is an integral part of continuing the success of your company. Building a foundation of strong employees contributes to long-term growth and developing future leaders of the...