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06.27.22

2022 Q3 tax calendar: Key deadlines for businesses and other employers

Blog
Business Owners
Business Tax

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may...

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06.15.22

Checking in on your accounts payable processes

Articles
Business Owners
Executives
Outsourced Accounting

Accounts payable is a critical area of concern for every business. However, as a back-office function, it doesn’t always get the attention it deserves. Once in place, accounts payable processes...

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06.13.22

Is your corporation eligible for the dividends-received deduction?

Articles
Business Owners
Executives
Business Tax

There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed to reduce or eliminate an extra level of tax on dividends...

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06.13.22

Boeckermann Grafstrom & Mayer Relocating and Expanding Headquarters

News

Boeckermann Grafstrom & Mayer CPAs (BGM) is excited to announce that it is relocating its headquarters to a new location in Bloomington, MN. The new space’s opening date is scheduled...

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06.09.22
Anthony S. Laxen, CPA

Applications Now Open to Apply for Minnesota Frontline Worker Payments

Blog
Business Owners
Business Tax

To thank those Minnesotans who worked on the frontlines during the COVID-19 peacetime emergency, Gov. Tim Walz signed Frontline Worker Payments into law April 29, 2022, enabling those workers to...

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marijuana next to 100 dollar bills
06.09.22
Cory M. Parnell, CPA

Depreciation Allowed for Cannabis and CBD Companies

Blog
Cannabis
Business Tax

This CannaBlog is an update to our previously published article, Depreciation Allowed for Cannabis and CBD Companies on 2020 Tax Returns. If you work in the cannabis sector, you’re probably...

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06.09.22
Corey W. Edmunds, CPA, MBT

2022 Rule Change for Research and Experimental Expenditures

Blog
Business Owners
Business Tax

The 2017 Tax Cuts and Jobs Act (TCJA) resulted in a rule change for accounting for Research & Experimentation (R & E) expenditures effective for amounts paid or incurred in...

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06.01.22
Nicole E. Richards, CPA

What Is a Financial Statement Audit and Why Get One?

Blog
Business Owners
Audit & Assurance

For most people, the word “audit” doesn’t bring many pleasant thoughts to mind. It’s a word that makes you think about pain, embarrassment and annoyance. But business owners shouldn’t be...

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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.