In 1972, psychologist Walter Mischel of Stanford University authored a study on delayed gratification that is, to this day, one of the definitive looks into success.  In the experiment a marshmallow was given to four-year-olds and they were told that they could eat it, or wait 15 minutes and they would get two.  Read more...

One of the most important aspects of owning a business is understanding the business' financial position and status at any point in time.  Many small and mid-sided companies are owned and operated by entrepreneurs who are highly skilled in a variety of aspects of their business, e.g. marketing, technology, and management, but are less savvy when it comes to financial matters.  Read more...

From a tax perspective, the recent ruling by the Supreme Court upholding the Health Care Reform Act makes permanent (unless changed by future tax regulation) the 3.8% Medical Contribution Tax imposed on net investment income of individuals, estates, and trusts effective for tax years beginning January 1, 2013.  Read more...

The current estate and gift tax exemption of $5,120,000 and tax rate of 35% law will revert back to a $1,000,000 exemption and a 55% tax rate on January 1, 2013.  Read more...

The new BGM building is scheduled to be completed in July with a scheduled move-in date of July 28.  Our new location will be 4470 W 78th St Circle Suite 200, Bloomington, MN 55435.  Please join us on November 8 for an open house as we celebrate this exciting new stage for our firm!