 New Exclusions From Minnesota Estate Tax
Roben D. Hunter, JD, CPA, CVA, CFFA
At the end of 2010, the federal estate tax exemption amount was increased to $5 million, which means that up to $5 million worth of assets can pass from an individual to others at death without incurring a federal estate tax. Unfortunately, Minnesota did not adopt the federal exemption amount but instead has continued to allow only $1 million worth of assets as the Minnesota exemption amount. Read more... |
 The Worst Job in America
Jon Meyer, CFP
Retirement income is almost an oxymoron. With interest rates this low, it is not your grandparents' retirement anymore. Gone are the days of living off the interest/dividends of a portfolio and never touching the principal - at least for now. Read more... |
 Alternatives to GAAP - Cash and Tax Basis Financial Statements
Jerome R. Reutzel, CPA, MBT
The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are currently working on a number of convergence projects. The goal is to establish a set of international accounting standards to be used by public and private companies. Read more... |
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Tax Tip
HIRE Act Retention Credit
After all the dust settled on the March 18, 2010 Hiring Incentives to Restore Employment (HIRE) Act, many businesses are forgetting that the Act provided a second opportunity for tax savings based on retention of HIRE Act eligible employees. Read more... |
 BGM Breaking Ground
Boeckermann Grafstrom & Mayer, LLC is excited to announce they have signed a lease for new office space that is currently under construction with a projected completion date of August 1, 2012. Read more... |
