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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

It’s Time to Review Your Investments for Tax Planning

It’s Time to Review Your Investments for Tax Planning

This time of year, taxpayers with investments should be reviewing their portfolio to determine year-to-date gains and losses. If you are projecting large capital gains, it might be a good […]

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New TCJA Guidance on the Family and Medical Leave Tax Credit and Employee Moving Expense Reimbursements

New TCJA Guidance on the Family and Medical Leave Tax Credit and Employee Moving Expense Reimbursements

The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their qualifying employees paid family and medical leave in 2018 and […]

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New Benefits of Employee Travel Expense Reimbursement Plans Under TCJA

New Benefits of Employee Travel Expense Reimbursement Plans Under TCJA

Do you reimburse your employees for business travel expenses? If you don’t, you may want to consider implementing a reimbursement plan, because changes under the Tax Cuts and Jobs Act […]

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How to Maximize the Tax Deduction for Donating Artwork to Charity

How to Maximize the Tax Deduction for Donating Artwork to Charity

Assuming you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable donations from a tax perspective. Donating appreciated property has two benefits, first, a […]

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Revamped Child Tax Credit under TCJA

Revamped Child Tax Credit under TCJA

The Child Tax Credit was introduced in 1997 under the Taxpayer Relief Act. The credit has gone through many changes over the past 20 years, starting out as a $400 […]

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Tax Reform 2.0: Three New Tax Bills From the House

Tax Reform 2.0 –Three New Tax Bills From the House

Tax Reform 2.0 is making its way through Congress.  On September 13, the House Ways and Means Committee passed three separate bills that focus on making several provisions of the […]

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Turning Your Vacation Home into a Rental Property Could Save You Tax

Turning Your Vacation Home into a Rental Property Could Save You Tax

If you own a vacation home that you both rent out and use personally, you might save tax by taking steps to ensure it qualifies as a rental property this […]

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Selecting the Correct Tax Accounting Method for your Business

Selecting The Correct Tax Accounting Method For Your Business

The Tax Cuts and Jobs Act (TCJA) opened up the eligibility guidelines for using the cash method of accounting, making the cash method available to more businesses than was previously […]

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New Meals & Entertainment Rules: What qualifies and what does not?

New Meals & Entertainment Rules: What Qualifies And What Does Not?

The Tax Cuts and Jobs Act made many changes to the meals and entertainment deduction. The largest change is that entertainment is no longer deductible. Below is a summary of […]

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Expense reimbursements after tax reform

Expense Reimbursements After Tax Reform

With the passing of the Tax Cuts and Jobs Act (TCJA) in late 2017, many businesses, business owners, and their advisors are evaluating a variety of topics such as the […]

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Choosing the best business entity structure post-TCJA

Choosing The Best Business Entity Structure Post-TCJA

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) creates a flat 21% federal income tax rate for C corporations. Under prior law, C […]

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Qualified Transportation: An initial look at what needs to be included in unrelated business income

Qualified Transportation: An Initial Look At What Needs To Be Included In Unrelated Business Income

Provisions in the Tax Cuts and Jobs Act (TCJA), passed late in December 2017, eliminated the deductibility of qualified transportation expenses incurred by business employers. After December 31, 2017, amounts […]

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What you don't know about the Excess Business Loss Limitation

What You Don’t Know About The Excess Business Loss Limitation

What is the excess business loss limitation under code section 461 (I)? In its simplest form, it is a fourth disallowance provision behind the three that we already have in […]

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Pass-Through Deduction: Looking Forward

The Pass-through Deduction – Looking Forward

By Miranda Aavatsmark It’s 11:00 p.m. on New Year’s Eve, 2017 and I’m ready for a relaxing evening.  My day started with checking my email and fretting that something was […]

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Do you need to adjust your withholding for 2018?

Do You Need To Adjust Your Withholding For 2018?

If you received a large refund after filing your 2017 income tax return, you’re probably enjoying the influx of cash. But a large refund isn’t necessarily all positive. It also […]

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