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08.28.19

Some Business Owners Can’t Participate in Their Own Companies’ HRAs

Articles
Business Owners
Advisory

Many companies now offer Health Reimbursement Arrangements (HRAs) in conjunction with high-deductible health plans (HDHPs). HRAs offer some advantages over the perhaps better-known HDHP companion account, the Health Savings Account...

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08.26.19

The Tax Implications of a Company Car

Articles
Business Owners
Business Tax

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in tax deductions for the employer as well as...

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08.22.19
Jason A. Marvin, CPA

Takeaways from the 2019 Minnesota Trucking Association Conference

Blog
Transportation & Logistics

Kurt Dingmann and I had an incredible time at the 87th Annual Minnesota Trucking Association Conference on July 30 – August 1 in Alexandria, Minnesota. We caught up with industry friends and...

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08.07.19

Boeckermann Grafstrom & Mayer Ranked Among Top 200 Accounting Firms

News

BLOOMINGTON, MN, August 7, 2019 – 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...

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08.06.19

The Tax Implications of being a Winner

Articles
Individual Tax & Planning

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune. Winning...

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“BGM” is the brand name under which BGM CPA, LLC and BGM Group, LLC provide professional services. BGM CPA, LLC and BGM Group, LLC practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. BGM CPA, LLC is a licensed independent CPA firm that provides attest services to its clients, and BGM Group, LLC and its subsidiary entities provide advisory, and business consulting services to their clients. BGM Group, LLC and its subsidiary entities are not licensed CPA firms. The entities falling under the BGM brand are independently owned and are not liable for the services provided by any other entity providing services under the BGM brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by BGM CPA, LLC and BGM Group, LLC.

BGM WEALTH: Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.