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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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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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5 Things Manufacturers Can Do To Remain Profitable During an Economic Downturn

5 Things Manufacturers Can Do To Remain Profitable During an Economic Downturn

With the current economic situation, some manufactures have had delays in production, reductions in orders, and temporary closures. Depending on the size of the company, you may have received a […]

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Deferral of Revenue Recognition and Leases

Deferral of Revenue Recognition and Leases

This article was originally published with updates to FASB updates on December 10, 2019 and was most recently updated on June 5th. It is being updated as new information becomes […]

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Covid-19 Relief_ Information for 401(k) and Retirement Plans

COVID-19 Relief: Information for 401(k) and Retirement Plans

by Mickie Murphy, Blue Benefits Consulting | This article was originally published on March 24th and was most recently updated on June 4th. It is being updated as new information […]

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Managing Cash Flow Through Uncertainty

Managing Cash Flow Through Uncertainty

Cash flow management is a critical exercise during uncertain times like these and one that is top of mind for every business owner.  It involves managing every aspect of the […]

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A Solution to Equity Deficits for ESOPs

A Solution to Equity Deficits for ESOPs

by Damien Strohmier, CPA, CCIFP Considering an ESOP (Employee Stock Ownership Plan) or have you just implemented an ESOP for owner succession? The technical application of accounting for this transaction […]

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Disaster Relief Payments to Employees Under IRC 139

Disaster Relief Payments to Employees Under Internal Revenue Code Section 139 (IRC 139)

In these unprecedented times in the midst of the COVID-19 pandemic, employees are likely incurring a variety of unplanned expenses, and employers may want to provide some financial assistance to […]

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COVID-19 Update_ General Considerations for Clients

COVID-19 Update: General Considerations for Clients

This article was originally published on March 25th and is being updated as new information becomes available. We created this Q&A as a general, high-level guide for our clients on common […]

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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) […]

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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 […]

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Getting Started with Robotic Process Automation

Getting Started with Robotic Process Automation

The business information technology landscape has seen many changes and developments over the last 50 years, since a large accounting firm implemented the first business application (payroll) at GE Appliance […]

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Webinars

man writing legislation house bill 5

House Bill 5: Kentucky Enacts Retroactive Pass-through Entity Tax

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 […]

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someone writing kentucky house bill 360 with a pen

Kentucky House Bill 360 – Pass-Through Entity Tax Proposal

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 […]

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calculator on a pile of tax information - don't forget the tax implications

Indiana Enacts Retroactive Pass-through Entity Tax – Senate Enrolled Act 2

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 […]

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man filling out a tax return form with a pen kentucky income tax

Kentucky Reduces Individual Income Tax Rate for 2024 – House Bill 1 Signed into Law

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 […]

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man doing calculating his taxes in front of a laptop

Indiana Senate Bill 2: Taxation of Pass-Through Entities

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 […]

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someone handing car keys to another person personal use of auto

The Importance of Personal vs. Business Use of Auto

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 […]

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