News + Insights

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...

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...

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...

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...

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...

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,...

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...

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...

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....

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...

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...

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...

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...

The retirement plan industry has been using the phrase “Retirement Ready” for a while now, but what does it mean? The definition of Retirement Readiness from Investopedia reads: Retirement Readiness...

Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of decline and failure. Often, the demise of a company is driven by...