Do I have a Hobby or a Legitimate Business?

For most individuals, a hobby is a great way to spend free time, and if you are fortunate, you might even make some money while enjoying your hobby. Determining whether your […]
Read MoreFor most individuals, a hobby is a great way to spend free time, and if you are fortunate, you might even make some money while enjoying your hobby. Determining whether your […]
Read MoreOn April 17, 2020, the Treasury Department released additional guidance for taxpayers seeking to take advantage of recently passed legislation included in the Coronavirus Aid, Relief, and Economic Security Act […]
Read MoreEven though the New Year is just upon us, and we are working diligently to get our taxes filed for 2019, it is also time to start looking ahead to […]
Read MoreIncome taxes can be a major driving force in key business decisions on a daily basis. Income taxes have significant impact on cash flow, can influence decisions on how to […]
Read MoreThe federal government spending package titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. It extends certain income tax provisions that had already expired or […]
Read MoreThe IRS recently issued guidance on how businesses, self-employed individuals and qualified employees can use the per diem rules to substantiate their business travel expenses for tax purposes. The guidance […]
Read MoreCongress reached an agreement on a massive government-wide spending package titled the Further Consolidated Appropriations Act, 2020. The legislation extends certain income tax provisions that had expired, as well as […]
Read MoreThe IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for the costs of operating an automobile for certain purposes. IRS […]
Read MoreAt this time of year, many business owners are trying to do what they can to save tax for the year. Under current tax law, there are two valuable depreciation-related […]
Read MoreAre you 70 ½ or older and charitably minded with investments in an IRA? With fewer taxpayers itemizing because of the doubling of the standard deduction, using your required minimum […]
Read MoreIn our second episode of In the Chair with Industry Leaders, we start with two seasoned veterans in the veterinarian community, Thad Miller with DVMmatch and Bill Butler with Butler […]
Are you maximizing your reimbursement potential with Medicare Advantage (MA) plans? Many healthcare providers are unaware that they can file bad debt listings for additional reimbursement. The key lies in […]
By: Nathan Smith, CPA, Senior Manager at Blue & Co. “You can’t have it both ways” is a sentence many CPAs may have expressed to their clients at one time […]