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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January 21, 2022
You’re Invited Join Blue & Co. on Wednesday, February 9 at 12:00 PM EST for a webinar entitled A Guide to the Kentucky Tangible Personal Property Tax Return for Manufacturers. This presentation will walk through the Kentucky Tangible Personal Property Tax Return and identify common preparation errors & potential tax savings opportunities. Duration: 1 hr. CPE Credit: […]
January 20, 2022
By: Sara Jacobi, CPA CEPA Director Still waiting for your 2021 Federal tax refund? Tried calling the IRS, only to wait on hold for two hours without talking to anyone? Sent correspondence to the IRS to resolve a notice, only to continue to receive collection notices? If one or more of these items apply to […]
January 14, 2022
By: Emily Elliott, and Amy Sandlin, CPA When a natural disaster wreaks havoc on your business or home, taxes might be the last thing on your mind, but they may be worth thinking about. In many cases, the IRS provides disaster victim tax relief that can allow you to extend your filing date and payment […]
December 20, 2021
Employers who made the election to defer 2020 social security tax payments per provided CARES Act relief issued in March of 2020 are required to remit the first repayment by December 31, 2021. The second portion can continue deferral until December 31, 2022. To avoid penalties and interest, at least half of the total deferred […]
December 08, 2021
By: Lance Williams, CPA, Manager Whether you’ve bought or sold a home in the last few years or have lived in the same house for 30 years, you’ve probably heard how crazy the market is. Many sellers are receiving all-cash offers, sight unseen, within hours of listing. You must be on top of your game […]
November 30, 2021
Join Blue & Co. presented a webinar entitled Tax Planning for Year-End and 2022. on Wednesday, December 8 at 12:00 PM EST. Panelists will discuss: Tax reform under the Biden Administration Year-End Tax Planning Planning for 2022 Panelists: Derek Gray, CPA, Director Aimee Reavling, CPA, Director
November 22, 2021
You’re Invited! Join Blue & Co. and the Kentucky Distillers’ Association (KDA) on Thursday, December 9 at 10:00 AM EST for a webinar entitled Tax Reform: What does it mean for you and your distillery? Presented by the Beverage Services Group at Blue & Co., LLC., this session will discuss the potential tax outlook for distilleries […]
November 18, 2021
By: Aimee Reavling, CPA, Director Update 12/14/2021: The IRS recently issued guidance with Notice 2021-65 providing relief to employers who were anticipating Employee Retention Credits for the fourth quarter of 2021 but are no longer eligible based on the elimination of the ERC with the Infrastructure Act. If employers follow the steps provided in the […]
October 29, 2021
By: Derek Gray, CPA, Director Before departing for Europe to attend the G20 Leaders’ summit and climate talks at the COP26 summit, President Biden announced that Congress had agreed to the framework for the President’s Build Back Better (BBB) plan. Months of discussions and negotiations appear to be leading towards passage of a spending bill […]
October 25, 2021
You’re Invited! Join Blue & Co. and the American Distilling Institute (ADI) on Thursday, November 4 from Noon to 1:00 PM EST for a webinar entitled Tax Reform: What does it mean for you and your distillery? Presented by the distillery team at Blue & Co., LLC., this session will discuss the potential tax outlook […]
September 24, 2021
By: Thomas Nowak, Principal Typically, when taxpayers receive a notice and are assessed penalty and interest related to their federal income and informational tax returns, there is a tendency to just pay it. Not so fast! If you have knowledge of the federal system and share your notice and assessment with your tax professional, penalties […]
September 14, 2021
By: Derek Gray, CPA, Director On the morning of September 13, 2021, the House Ways and Means Committee released details of proposed tax increases totaling $2.9 trillion. The revenue raised from these increases, along with an additional $600 billion coming from dynamic growth, is intended to pay for the Democrats’ proposed $3.5 trillion budget bill. […]
August 26, 2021
By: Aimee Reavling, CPA, Director & Andy Arnold, CPA, Senior Accountant The American Rescue Plan Act of 2021 was passed by Congress in March 2021 to aid economic recovery from the COVID-19 pandemic. Amongst the most important provisions of the American Rescue Plan were the changes made to the Child and Dependent Care Tax Credit […]
August 13, 2021
B: Aimee Reavling, CPA, Director & Justin Gubser, JD, CPA, Manager With the expansion of the Employee Retention Credit (ERC) under the Taxpayer Certainty and Disaster Relief Act of 2020 and the additional extension granted under The American Rescue Plan Act, enacted in March 2021, the ERC now has the potential to provide relief to […]
August 13, 2021
By: Derek Gray, CPA, Director & Chuck Mallick, Senior Manager On August 10, 2021, the Senate passed a bipartisan infrastructure bill. The $1 trillion bill now moves to the House, where the Biden administration hopes for passage shortly after Congress returns from recess. The Senate’s version of the bill contains only a few tax provisions, […]
Webinars
April 05, 2023
By Amy Sandlin, CPA, Tax Senior Manager at Blue & Co. On March 31st, Governor Andy Beshear signed House Bill 5, which includes a retroactive pass-through entity (PTE) tax effective for tax years beginning on or after January 1, 2022. If you have been keeping track of Kentucky PTE tax legislation in recent weeks, HB5 […]
March 09, 2023
By Amy Sandlin, CPA, Tax Senior Manager at Blue & Co. A pass-through entity tax proposal is currently making its way through the Kentucky General Assembly as part of a larger tax omnibus bill (Kentucky House Bill 360). The pass-through entity (PTE) tax provisions in the bill are intended to be retroactive to January 1, […]
February 24, 2023
By Laura Rakaska, CPA, Tax Manager and Amy Sandlin, CPA, Tax Senior Manager at Blue & Co. On February 22nd, Governor Eric Holcomb signed Indiana Senate Enrolled Act 2, making Indiana the 30th state to enact pass-through entity tax (PTET) legislation. This bill received full bipartisan support because it levels the playing field for businesses […]
February 20, 2023
By Amy Sandlin, CPA, Tax Senior Manager at Blue & Co. Kentucky House Bill 1 was signed into law by Governor Beshear on Friday, February 17th. It reduces the individual income tax rate another 0.5 percent in 2024. This is a continuation of what we saw in 2022. Last year’s legislation (HB 8) gave us […]
February 06, 2023
By Amy Sandlin, CPA, Tax Senior Manager and Laura Rakaska, CPA, Tax Manager Indiana is expected to enact pass-through entity (PTE) level tax legislation in mid-February 2023. The tax changes in the bill are intended to be retroactive, which means it could have a significant impact on your 2022 taxes for pass-through entities and PTE […]
January 12, 2023
By Pam Swartout, Manager and Jacoby Shade, Staff Accountant at Blue & Co. Many business owners provide a company vehicle to their employees as part of their employment. This is a company benefit that has tax implications and is extremely important for both the employer and employee to understand these implications. Employers can deduct only […]
