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the outline of a man with an umbrella during a lightning storm
05.29.20
Dane J. Boeckermann, CPA

Business Strategies During a Downturn

Newsletter
Business Owners
Executives
Advisory
Audit & Assurance

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...

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a 100 dollar bill made into a puzzle
05.28.20
Jon T. Meyer, CFP®

9 Smart Planning Strategies for Down Markets

Newsletter
Families
Executives
Wealth Management

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...

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A home workstation with a computer and laptop
05.28.20

Embracing Cloud Applications: Now Is the Time

Newsletter
Business Owners
Executives
Technology

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...

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05.26.20

Student loan interest: Can you deduct it on your tax return?

Articles
Families
Individual Tax & Planning

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...

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05.18.20

Cannabis Businesses and IRC Section 471(c) of the Tax Cuts & Jobs Act: Has the Curse of 280E Been Mitigated?

Webinar
Cannabis
Business Tax

In response to the article written by Calvin Shannon, CPA, CVA, Principal at Bridge West LLC, and Nicholas J. Richards, Esq., Partner at Greenspoon Marder LLP, and published by the NCIA, Bridge West...

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05.13.20

How Will SBA Review Borrowers’ Required Good-Faith Certification Concerning the Necessity of Their PPP Loan Request

Blog
Business Owners

Earlier today the Small Business Administration (SBA) released information about how it will review borrowers’ required good-faith certification concerning the necessity of their PPP loan request. The SBA states that...

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05.12.20

There’s still time to Make a Deductible IRA Contribution for 2019

Articles
Families
Retirement 401k

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2019 tax...

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a semi truck driving on a highway
05.12.20
Jason A. Marvin, CPA

Takeaways from the MTA’s Virtual Town Hall

Blog
Transportation & Logistics

I recently attended an informative virtual town hall presented by the Minnesota Trucking Association.  This event allowed attendees to hear updates from Minnesota agencies on recent actions that impact the trucking...

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05.07.20
Calvin P. Shannon, CPA, CVA

IRC Section 471(c) of the TCJA May Mitigate the Curse of 280E for the Cannabis Industry

Blog
Cannabis
Business Tax

Today, May 7, 2020 NCIA published an article co-authored by Bridge West Principal Calvin Shannon. They explain recent findings regarding new tax rules and how they affect the cannabis industry....

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05.05.20

Hemp Blog Part 2-Hemp Processing into Finished Products

Blog
Cannabis

There is an old saying in the accounting world that goes, “If you don’t know what your costs are, you will pretty soon.” That is what is going on with...

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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.