Category: Tax

< Back to Thought Leadership

IRS Update: Rules for Using Per Diem Rates

The 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 More

Form 990 Compensation Reporting

When your favorite time of year rolls around (completing your organization’s Form 990, of course!), it can be difficult to know what you should be providing to your tax return […]

Read More

Trim Your Tax Bill: Three Last-Minute Tips

Good news — there is still time to reduce your 2019 tax liability. Here are three strategies that may help you cut your taxes before year-end: 1. Accelerate deductions/defer income. […]

Read More

Updated Rule for Mileage-Related Deductions

The 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 More

R&D Credits for Small Manufacturers

Many manufacturers take advantage of the federal income tax credit for increasing research activities, more commonly referred to as the “R&D credit.” Enacted back in 1981, the R&D credit was […]

Read More

Inventory management strategies for manufacturers

Balancing Cash Flow and Customer Demand: Key Inventory Management Strategies for Manufacturers

By Tyler Irvine, CPA, Senior Accountant at Blue & Co. Effective inventory management is the backbone of any successful manufacturing or distribution business. It is about much more than just […]

Learn More
Not-for-profit financial statements

Beyond the Balances: What Your Not-for-Profit Financial Statements Are Really Telling You

By Luke Pierce, CPA, Senior Manager at Blue & Co. Leaders in the not-for-profit sector are often required to oversee and understand all parts of their organization. For the many […]

Learn More
Bonus depreciation for thoroughbred owners

100% Bonus Depreciation: Finding the Right Tax Strategy for Your Thoroughbred Operation

By Heather Sunseri, CPA, Senior Manager at Blue & Co. For thoroughbred owners and breeders, tax strategy can be just as important as bloodlines and training decisions. And when President […]

Learn More