fbpx

Category: General Business

< Back to Thought Leadership

Common Control Lease Arrangements: FASB’s Newly Issued Exposure Draft and Steps to Take Before Year-end

By Jennifer Miloszewski, CPA, Director at Blue & Co. Time is running out for privately-held companies to adopt the infamous new lease standard. Effective for year-end December 31, 2022, Accounting Standards Update (ASU) 2016-02, Leases, (codified as ASC 842), the standard requires lessees to recognize substantially all leases on their balance sheets as lease liabilities […]

Read More

On-Demand Webinar: Vsimple Success Stories – Hearn Construction

Blue & Co. and Vsimple hosted a webinar on Tuesday, December 6, from 10:00 a.m. to 11:00 a.m. EST entitled Workflow Management: How Hearn Construction is Standardizing & Simplifying Their Business Processes Using Vsimple. This is part one of a series of use case examples demonstrating the success that client’s of Vsimple have discovered while […]

Read More

Managing Cash Flow in the Age of Supply Chain Disruption

By Mike Stevenson, CPA, Director Emeritus at Blue & Co. Many of our manufacturing clients are having difficulties ensuring consistency in cash flow when their manufacturing base is overseas. The factories overseas are able to produce product, but there seems to be a bottleneck once it’s shipped from the overseas port to the domestic warehouse. […]

Read More

Cybersecurity Risks in the Manufacturing Industry

By Thomas Skoog, CISA, CISSP, Principal at Blue & Co. The manufacturing industry has seen a larger increase in the number of cyber attacks and data breaches than any other industry in the last 18 months. According to an IBM’s X-Force Threat Intelligence Index study, the manufacturing industry accounted for 25% of all cyber-attacks, outpacing […]

Read More

President Biden Announces Student Loan Forgiveness Plan

By Aaron Blackburn, CPA, and Amy Sandlin, CPA, Senior Tax Manager On Wednesday, August 24th, 2022, President Biden announced the broadest student loan forgiveness plan to date. The plan included forgiving up to $10,000 in Federal Student Loans for individuals and families making under $125,000 and $250,000, respectively. If the borrower was a recipient of […]

Read More

Reaping the R&D Tax Benefits of Innovation Across Manufacturing Sectors

By Stephen Stringer, CPA, Director at Blue & Co., and David Seibel, Senior Manager at McGuire Sponsel Manufacturing and machine tool clients often qualify for Research and Development (R&D) Tax Credits through internal optimization or new product development for customers. Contract manufacturers and machine tool companies are often approached by other companies and asked to […]

Read More

Pass-through Entity Level Tax: Is This a Viable SALT Cap Workaround?

By Jacob Boyd, CPA, Tax Manager; Amy Sandlin, CPA, Tax Senior Manager; Eric M. Bennett, CPA, Director The Tax Cuts and Jobs Act (TCJA) capped the State and Local Tax (SALT) deduction to $10,000 for individuals who itemized their deductions for tax years beginning after December 31, 2017, and before January 1, 2026. This cap […]

Read More

Ohio’s New SALT Cap Workaround

By Kevin Krieg, CPA, and Amy Sandlin, CPA In 2022, through legislation signed by Governor DeWine, Ohio joined the growing list of states to pass SALT Cap workarounds. Ohio Senate Bill 246 allows qualifying pass-through entities (PTEs) to elect to be subject to a new entity-level tax. The legislation makes the entity level tax fully […]

Read More

heart and a jar of money

Unveiling the Dynamics of Donor-Restricted Contributions

By Greg Jackson, CPA, Principal at Blue & Co. Many not-for-profit organizations rely on public support (grants and contributions) to finance their mission. When that public support includes donor-restricted grants and contributions, those restricted amounts must be reported and accounted for in accordance with the related restrictions attached to the funds. When recording a donor-restricted […]

Learn More

How to Manage Clinical Validation Denials

In the past several years, hospitals have continued to feel the impact on revenue from Clinical Validation Denials (CVD). The need for a robust CDI team to capture support for clinical indicators while the patient is still in house is more imperative than ever. The other overwhelming piece for revenue cycle teams to manage is […]

Learn More

Margin Improvement: Optimizing Financial Performance

Ensuring the long-term financial viability of a health system requires constant attention to the operating statement. This involves assessing the current state of your healthcare organization and critically comparing the current condition to industry and/or internal benchmark standards. Ultimately, this assessment assists management implement an ongoing margin improvement process to increase the likelihood of achieving […]

Learn More