Welcome to our Tax Reform Resource Center.
We are keeping an ear to the ground so that when updates and regulations occur surrounding the Tax Cuts and Jobs Act, you will know first. Check back here and follow us on social media to receive breaking news as it occurs.
Have questions about how the legislation affects your personal and business tax planning? Contact your local Blue & Co. tax advisor.
Click here to view the highlights of the “Tax Cuts and Jobs Act of 2017”
On December 13th, the Senate and House Republicans announced they have reached agreement on a unified tax reform proposal. However, it may still be a bumpy road as we await finality on the current tax reform bill. It is always difficult to advise taxpayers at year end, and this year is even more challenging. If […]
December 4, 2017: Congress has set a priority to reform the tax code for 2018 and onward. The House of Representatives and Senate have passed separate pieces of legislation. At this point, many differences exist between the House and Senate Bill, which must be reconciled before legislation can be signed into law. Major provisions at […]
You could be eligible for the Work Opportunity tax credit (WOTC) if you hired new employees in 2017, or are hiring new employees in 2018, that are members of a “target group”. If you made qualifying hires in 2017 and obtained proper certification, you can claim the WOTC on your 2017 tax return. Whether or […]
If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want to keep this tax break in mind in your property purchase planning, because the Tax Cuts and Jobs Act (TCJA), signed into law this past December, significantly […]
Certain transactions between your organization and interested persons — including excess benefit transactions, loans, grants, and business transactions — are required to be reported on the Form 990, Schedule L. Ideally, an organization would have a conflict of interest policy that provides guidance to interested persons on reportable transactions with timely disclosure. Documenting any potential […]