Thought Leadership

When it comes to thought leadership and staying informed, we’ve got you covered. See below for recent articles, webinars, and downloadable resources available.

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Podcast: How Manufacturers can Fight Cyberattacks

Podcast: How Manufacturers can Fight Cyberattacks

Tom Skoog, principal and Cybersecurity and Data Management Leader at Blue & Co., sat down with the Ohio CPA Society to discuss cyber security in the manufacturing industry. Tom discussed why some manufacturers believe it will never happen to them, how cyber criminals find their targets, how manufacturers can protect themselves and much more. Listen […]

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Update: Distilleries Approved to Produce Hand Sanitizer

Update: Distilleries Approved to Produce Hand Sanitizer

You’ve heard it over and over, probably one hundred times in the last week alone. “Wash your hands” is the repeated message conveyed by the World Health Organization (WHO) and the Centers for Disease Control (CDC) as a means to prevent the spread of COVID-19. Hand sanitizer has become a critical commodity in helping to […]

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Things to Consider When Buying_Selling a Business

Things to Consider When Buying/Selling a Business

by Dustin Brown Buying or selling a business can be daunting. There are many items to consider such as 1) the structure of the transaction (e.g. stock or asset sale/purchase) and the related tax implications of this decision, 2) the risks associated with the business, both macro and micro, and 3) the general fear of […]

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Partnership Basis Reporting Changes

Partnership Basis Reporting Changes

In September 2019, the IRS released a draft 2019 Form 1065 and Schedule K-1 with their respective instructions, suggesting that partnership capital accounts would have to report on the tax basis vs. GAAP or any other method of reporting. This change in capital account reporting meant that many partnerships would have to spend considerable amounts […]

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Manufacturing Use Cases for Robotic Process Automation

Manufacturing Use Cases for Robotic Process Automation

Robotic Process Automation, or RPA, is the use of software tools or modern-day programming languages to partially or fully automate human activities that are manual, rules-based, and repetitive. Below are some great use cases and good candidates for RPA in manufacturing companies. If you would like to learn more about Robotic Process Automation and things […]

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R&D Credits for Small Manufacturers

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 a way for the federal government to reward companies based on their investment in developing new products and processes. The most common form of utilizing […]

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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 was much talk of “Tax Reform 2.0” and the need for a few technical corrections, it simply did not happen. However, some of the changes […]

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Manufacturing Labor Shortage

Manufacturing Labor Shortage

By Kris Morgan, Senior Manager Being a long-time business partner in the manufacturing community, I’m more than just an advocate for manufacturing. I spent many hours working on plant floors during my college years and many of my family members are career manufacturers. I’ve had the privilege to support manufacturers throughout my 20+ years in […]

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Be “Sale Ready” and Maximize Value

Be “Sale Ready” and Maximize Value

Business owners devote their lives to the successful growth of their companies and what is likely the most significant asset to support their retirement. Yet, in the final stages of ownership, some owners do not take the necessary steps to plan a sale and to maximize the value of their company and life’s work. The […]

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Barcode Features in QuickBooks Enterprise Advanced Inventory

Barcode Features in QuickBooks Enterprise Advanced Inventory

Our manufacturing clients use many different accounting and operation software packages. However, for those using QuickBooks, we want to point out some barcode features that have become available over the last few years in QuickBooks Enterprise without using a third-party application. These barcode features require a QuickBooks Enterprise Platinum subscription and the Intuit Warehouse Manager […]

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New Lease Accounting Standard Deferral

New Lease Accounting Standard Deferral

Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of its efforts to support and assist stakeholders as they cope with the many challenges and hardships related to the COVID-19 pandemic. Update Published December 12, […]

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Credits and Incentives An extra return on your investments.

Credits and Incentives: An extra return on your investments.

The topic is always in the news — a state or city offering a major corporation a generous package of incentives to relocate or even to keep their operations in place. However, did you realize, you do not necessarily have to be a Fortune 500 company to negotiate those benefits? Because state and local incentives […]

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A Conversation on Revenue Recognition (ASC 606)

A Conversation on Revenue Recognition (ASC 606)

Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of its efforts to support and assist stakeholders as they cope with the many challenges and hardships related to the COVID-19 pandemic. Welcome to our first […]

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IoT (Internet of Things) technology impact on manufacturers

IoT (Internet of Things) Impact on Manufacturers

The Internet of Things (IoT) has the opportunity to have a profound impact on the manufacturing sector for both large and small businesses. Whether it is monitoring operations on the factory floor, monitoring the health of specific manufacturing equipment, increasing connectivity between the supply chain, manufacturers, and consumers, or gaining valuable data insights, there are scores […]

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Revenue Recognition Guidance for Manufacturers

New Revenue Recognition Guidance for Manufacturers

Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of its efforts to support and assist stakeholders as they cope with the many challenges and hardships related to the COVID-19 pandemic. Over four years have […]

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Webinars

Webinar_ Trade Chat_ 2021 Supply Chain Outlook

Webinar: Trade Chat: 2021 Supply Chain Outlook

Join the World Trade Center Kentucky and Blue & Co. on Tuesday, January 26 from 10 to 11 a.m. Eastern for Trade Chat: 2021 Supply Chain Outlook. This webinar will be a panel discussion led by moderator Patrick Brown, CPA, Principal, Blue & Co., regarding the outlook for domestic and global supply chains in 2021. The panelists […]

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2020 Tax Outlook for Distilleries Under the Biden Administration

Tax Outlook for Distilleries Under the Biden Administration

By Derek Gray, CPA Director With a change of administration taking place in January, many Americans are wondering what this might mean for future tax bills. While keeping in mind the complexities of making campaign promises into law, it is imperative to begin preparing for any implications a new administration may have on your tax […]

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Blue & Co.'s December 2020 Webinars | Free webinars | Financial services and consulting | PPP | Paycheck Protection Program Webinar | Manufacturing Webinars | Cybersecurity Webinars

Blue & Co. December 2020 Webinars

It’s webinar season at Blue & Co., LLC.! Check out all of our upcoming events for the week of December, 14. Monday, December 14 Panel Discussion Regarding Paycheck Protection Program (PPP) Webinar – Free to attend On Monday, December 14 from noon – 1 p.m. EST, Blue & Co., LLC will be hosting a panel […]

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Importance of Data in Industry 4.0 | Manufacturing | Industry 4.0

On-Demand Webinar: Importance of Data in Industry 4.0

Join Us! On Tuesday, December 15, Tom Skoog, Cybersecurity & Data Management Practice Leader, and Stephen Stringer, CPA, led a discussion on Industry 4.0 and how manufacturers can best collect, manage, and protect data. They discussed: Technological innovations in manufacturing and Industry 4.0 Why data is so important to manufacturers of all sizes and how […]

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