With the federal estate tax exemption so large, you may not be worried about estate taxes anymore. But it’s a good time to focus on saving income taxes for your heirs.https://buff.ly/3cGzw1n
The tax rules for treating computer software costs can be complex. Here’s a basic explanation. https://buff.ly/3i56JEU
Today from 10:30 AM - 2 PM we are attending University of Minnesota Duluth's Accounting and Finance Virtual Career Day. We can't wait to meet you!
Do your employees travel for business within the continental United States? If so, be advised that the IRS recently released new per diem rates that will apply beginning on October 1st.https://buff.ly/3kLmG51
Are you an investor or a trader? While trader status is difficult to achieve, if a taxpayer qualifies, he or she can deduct investment-related expenses.
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Can investors who manage their own portfolios deduct related expenses?
With more employees working from home due to COVID-19, it is more important than ever for a business to assess its state filing requirements and to ensure business owners are aware of the impact. Learn more in today's blog.
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How Remote Workers Can Impact Employer’s Tax Filing Requirements - Boeckermann Grafstrom & Mayer
Business owners: Have you paused to consider how well your company initially responded to the COVID-19 pandemic? Update your disaster plan before the details fade. https://buff.ly/2SS9YoS
Are you a Minnesota snowbird? Today's blog will share how a professional property manager can ease your worries while you're away from home.
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5 Reasons Minnesota Snowbirds Should Hire a Property Manager
Did you file an extension until Oct. 15 to file your 2019 tax return? After finishing, you may find yourself with piles of tax-related documents. You might not want to toss them out for fear of trashing something important. Here are some tax recordkeeping guidelines. https://buff.ly/2GVi7Gx
The passive activity loss rules can be complex and trip up some taxpayers. Here are the rules.https://buff.ly/30YlBPO
We are pleased to announce that Calvin Shannon, CPA, has been named Equity Partner at Boeckermann Grafstrom & Mayer. Congratulations, Calvin! https://buff.ly/3lF5gXY
Every business depends on strong sales to keep the dollars flowing and the company growing. Here’s a methodical approach to winning over prospects.https://buff.ly/34vzGoR
Business owners, have you thought about sending employees a fake email just to see if they’d fall for a phishing scam? It’s a growing, though controversial, practice. https://buff.ly/38b1ja7
If you become disabled and are fortunate enough to receive disability income, you may have to pay federal tax on it. Here are the basic rules.https://buff.ly/3276PXi
There are a number of tax obligations that must be met when a business closes its doors. Sadly, because of COVID-19, many businesses are facing this reality. Here are the basic requirements. https://buff.ly/3jPxC0o
Businesses have long been required to properly track payroll records. The urgency and complexity of this task has grown because of the pandemic. https://buff.ly/34Brcxv
Getting a divorce can be distressing. You don’t want to make matters worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the midst of getting a divorce.https://buff.ly/37MCHnJ
Have you considered outsourcing your internal accounting functions? Today's blog discusses the many benefits of choosing outsourced accounting services for your small business. #OutsourcedAccounting #SmallBusiness
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Why Choose Outsourced Accounting Services for Your Small Business?
Could your small business use another cash infusion from the Paycheck Protection Program? The new COVID-19 relief law makes this a distinct possibility if you qualify. https://buff.ly/3br9z7J
Can you benefit from the massive new Consolidated Appropriation Act signed into law? Here are some of the tax highlights for individuals.https://buff.ly/3be3P0K
Businesses received several favorable tax breaks in the COVID-19 relief bill that was recently signed into law. Here are just two of them. https://buff.ly/2LnRkET
Most of us are ready to turn the page on 2020. If you’re a business owner, after the confetti clears in 2021, make sure everyone at your company is thinking about ways to build the bottom line. https://buff.ly/2WYfwk2
As we wind down 2020, be aware that December 31 is an important date when it comes to filing your tax return. Whether you’re married or unmarried on that date will affect how you file. Check out the 5 federal tax filing statuses and who can claim them. https://buff.ly/2WW6jZg
Are you reconsidering the choice of entity for your business? These are several factors to consider when converting from a C corporation to an S corporation. Here are four of them. https://buff.ly/34RXBQd
Whether your business is striving to hold steady or gain ground this year, a SWOT analysis can provide valuable insights. https://buff.ly/2Os51nZ
How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021. https://buff.ly/3a28Ubu
Boeckermann Grafstrom & Mayer is pleased to announce that Joe Skar has joined the firm as its Chief Financial Officer. https://buff.ly/3q8JsGX
How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses. https://buff.ly/3cTJ9Mf
Your business may employ workers of various ages. To get the most out of them, supervisors need to recognize generational differences and adjust their communication styles appropriately. https://buff.ly/36Dwycu
Fiduciaries of estates and certain trusts have until March 6, 2021 to treat distributions as though it was made on the last day of 2020. Learn about the 65-Day Rule in #BGMCPAs blog
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The 65-Day Rule: Post Year-End Tax Planning for Estates and Certain Trusts - Boeckermann Grafstrom & Mayer
