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05.30.23

Five Reasons Minnesota Is a Great Place to Build a Cannabis Business (Op-Ed)

Blog
Cannabis
Advisory

With low taxes, no local bans, reasonable licensing fees and no neighboring states with legalization, Minnesota is one of the most attractive markets in the U.S. As the 23rd state...

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05.23.23
Cory M. Parnell, CPA

A Timeline and Comprehensive Review of States Approving 280E Deductions

Blog
Cannabis
Advisory
Business Tax
Individual Tax & Planning

Section 280E of the Internal Revenue Code (IRC) is a compelling and often controversial issue in the cannabis industry. Enacted in 1982, this provision prohibits businesses from deducting otherwise ordinary...

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the us capital building
05.23.23

A Closer Look at Secure Act 2.0: Changes and Updates for Retirement Plans

Newsletter
Retirees
Retirement 401k

With the Secure Act 2.0 recently passing into law, there are many new provisions affecting retirement plans and IRAs. This new law has many changes. Some that that are in...

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05.12.23
Calvin P. Shannon, CPA, CVA

Employee Retention Credit Refunds: What Cannabis Operators Need to Know

Blog
Cannabis
Business Tax

The Employee Retention Credit (ERC) has proven to be a valuable resource for businesses during the challenging economic climate of recent years. As the cannabis industry continues to emerge and...

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a qr code on a phone
05.03.23

Security Risks Associated with QR Codes

Newsletter
IT
Technology

QR codes, or Quick Response codes, have become a staple in today’s digital world. They can be found on everything from advertisements and product packaging to business cards and signs....

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05.03.23
Jon T. Meyer, CFP®

What If You Are Wrong? Overconfidence and the Pregnant Pause

Blog
Families
Wealth Management
Individual Tax & Planning

I have been in Toastmasters for 28 years; I have gone weekly (we do take summers off) during those 28 years. In evaluating a speech, we often look for “ahs”...

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a family meeting together
05.03.23
John Barghini, CPA, MBT

Raising Money-Savvy Kids: Tips for Teaching Your Children About Taxes

Blog
Families
Individual Tax & Planning

Financial education is a crucial aspect of preparing children for successful adulthood. Parents can help kids develop the skills and knowledge necessary to make informed decisions about their finances by...

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05.02.23
Cory M. Parnell, CPA

Minnesota Moves Closer to Recreational Cannabis Legalization

Blog
Cannabis
Advisory

In Minnesota, the push for recreational cannabis legalization has been ongoing for several years. Efforts to legalize recreational cannabis have faced resistance from some lawmakers and law enforcement officials. Read...

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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.