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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.

Articles

09.11.20 Payroll Tax Deferral

Payroll Tax Deferral

The most significant tax-related executive action is the “Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster.” Taxpayer be wary, this order does not revoke your […]

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Remote Workers and Nexus

Remote Workers and Nexus in 2020

COVID-19 has added several new tax challenges to everyone’s plate this year. One of the less commonly discussed problems has been the impact of the sudden increase of remote workers […]

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Do I have a Hobby or a Legitimate Business?

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 […]

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Qualified Improvement Property Guidance (Revenue Procedure 2020-25)

Qualified Improvement Property Guidance (Revenue Procedure 2020-25)

On 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 […]

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Ways Your Taxes will Change in 2020

Ways Your Taxes will Change in 2020

Even 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 […]

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Research and Development Credits Could Impact Your 2019 Tax Savings

Research and Development Credits Could Impact Your 2019 Tax Savings

Income 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 […]

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Highlights of Spending Package’s Tax Law Changes

Highlights of Spending Package’s Tax Law Changes

The 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 […]

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IRS Update: Rules for Using Per Diem Rates

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 […]

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Spending Bill Extends Tax Breaks & Adds Retirement Account Provisions

Spending Bill Extends Tax Breaks & Adds Retirement Account Provisions

Congress 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 […]

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Updated rules for mileage-related deductions

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 […]

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2 valuable year-end tax-saving tools for your business

Two Valuable Year-End Tax-Saving Tools for Your Business

At 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 […]

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What to do with my Required Minimum Distribution

What to Do with My Required Minimum Distribution

Are 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 […]

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Year-end tax planning for businesses struggling with the TCJA

Year-End Tax Planning for Businesses Struggling with the TCJA

During the first tax-filing season under the Tax Cuts and Jobs Act (TCJA), many businesses wrestled with how the law’s sweeping changes would impact their bottom lines. Before the beginning […]

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TCJA and 2019 Tax Law Issues

TCJA and 2019 Tax Law Issues

By Miranda Aavatsmark Make no mistake, Congress did not come together and pass any new tax laws or make other changes to the existing tax laws in 2019. Although there […]

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There's Still Time to Trim Your 2019 Tax Bill

There’s Still Time to Trim Your 2019 Tax Bill

Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several clear strategies and tactics emerged during the first tax filing […]

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