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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New-Revenue-Recognition-Guidance

The New Revenue Recognition Guidance: Key Points To Consider

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 three years have […]

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Tax credit for hiring from certain "target groups" can provide substantial tax savings

Tax Credit For Hiring From Certain “Target Groups” Can Provide Substantial Tax Savings

You could be eligible for the Work Opportunity tax credit (WOTC) if you hired new employees in 2017, or are hiring new employees in 2018, that are members of a “target group”. If you made qualifying hires in 2017 and obtained proper certification, you can claim the WOTC on your 2017 tax return. Whether or […]

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Impact Of The New Revenue Recognition Standards On NFP Organizations | Blue & Co., LLC | Nonprofit Consulting | Not-for-Profit Consullting | Nonprofit Financial Consulting

Impact Of The New Revenue Recognition Standards On NFP Organizations

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. In May 2014, the […]

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Is your charitable hospital in compliance with IRC 501(r)?

Is Your Charitable Hospital In Compliance With Irc §501(r)?

Even though there have been several attempts this year to repeal the Patient Protection and Affordable Care Act (the “ACA”), the efforts have not been successful. Additionally, the attempted repeal and replace approaches this year have left most of the ACA intact; meaning even if the bills were passed, those requirements initially enacted in Section […]

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A beginner's guide to reporting grants on Form 990

A Beginner’s Guide To Reporting Grants On Form 990

When an organization provides grants to individuals, it may be required to complete specific schedules on the Form 990. Organizations that provide grants or assistance to interested persons must complete Schedule L, Part III. Is this a requirement for your organization? The answer of “yes” or “no” to the following question will be the determining […]

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Are you taking full advantage of Ohio Manufacturing Sales Tax Exemptions?

Are You Taking Full Advantage Of Ohio Manufacturing Sales Tax Exemptions

Most manufacturers know they are allowed to purchase tangible property for use in the manufacturing process free from Ohio sales and use tax, but are you taking full advantage of all of your Ohio sales tax exemption benefits? And what does for use in the manufacturing process really mean? For use in the manufacturing process […]

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The State Of Money Service Businesses (MSB)

Resources [ Hot Topic] THE STATE OF MONEY SERVICE BUSINESSES (MSB) More Trouble Than They Should Be Whitepaper by Connie Krebs, Blue & Co., LLC Since 2012, the IRS has utilized their Small Business/Self-Employed Division (IRS SB/SE) staff to examine registered businesses for their Bank Secrecy Act (BSA) policy and procedures. This division has been […]

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How Columbus Became the 14th largest city and the impact it has on your business

How Columbus Became The 14th Largest City And The Impact It Has On Your Business

Columbus is quickly becoming a force to be reckoned with when it comes to population growth. According to the United States Census Bureau, Columbus just surpassed Indianapolis as the 14th largest city in the U.S. and is officially the second-largest city in the Midwest. Since the 2010 census, Columbus (city limits only) has grown 9.3 […]

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Group Captive Insurance

In an environment of rising insurance costs, are you left to wondering why there doesn’t seem to be a direct correlation between your claims history and the premiums you pay? It’s not uncommon for businesses with little to no claims history to see double-digit increases in their insurance premiums year over year. In order to […]

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States are aggressively pursuing sales tax: are you ready?

States Are Aggressively Pursuing Sales Tax: Are You Ready?

In 1992, the U.S. Supreme Court case of Quill vs. North Dakota established the precedent that a state could not require a company to collect and remit sales tax without a physical presence within that state. However, internet and other remote sales that were in their infancy in 1992 have grown into a $400 Billion […]

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Reporting Of Expenses - New Requirements And Opportunities

Reporting Of Expenses – New Requirements And Opportunities

Beginning in the calendar year 2018, and fiscal years ending in 2019, nonprofit organizations will be required to present expenses both by their functional and natural classification, in a manner similar to a statement of functional expenses. While the standard does not specifically require a statement of functional expenses, the language in ASC 958-720-45-15 is […]

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Update-new rules being discussed for classification of debt

Update: New Rules Being Discussed For Classification Of Debt

by Larry Steinberg, Senior Manager The Financial Accounting Standards Board is presently considering adoption of new rules regarding classification of debt, and these new rules could have a significant impact on a contractor’s balance sheet and state licensing. Under current rules, debt may be classified as long-term if it (a) has a stated maturity of […]

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What you need to know: new not-for-profit disclosures on liquidity

What You Need To Know: New Not-for-Profit Disclosures On Liquidity

On August 18, 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards update (ASU) No. 2016-14 Presentation of Financial Statements of Not-for-Profit (NFP) Entities. This update is meant to simplify and improve how a NFP organization classifies its net assets, as well as the information it presents in the financial statements and notes […]

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Daily vs. Hourly Equipment Rates: which should you charge?

Daily vs. Hourly Equipment Rates: Which Should You Charge?

Are you a contractor that accounts for equipment costs? Are these costs charged to jobs? For equipment-intensive contractors, these are very important questions. If you do account for equipment costs, another question arises: Do you charge the equipment costs to jobs using hourly rates or daily rates? Hourly Rates Generally, hourly rates take into consideration […]

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4 Ways To Turn Back To School Costs Into Tax Savings

4 Ways To Turn Back To School Costs Into Tax Savings

Many people think of back-to-school season as a costly affair (new school supplies, clothing, etc.) without considering the opportunities it provides for tax savings and investments. Here are some federal and state income tax advantages related to education expenses that we believe all taxpayers should understand. Lifetime Learning Credit (LLC) Expenses that qualify for this […]

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Webinars

pharmacy benefits

On-Demand Webinar: Transparency and Control, Demystifying Pharmacy Benefits

The world of pharmacy benefits is not transparent by design — pharmacy benefit managers do not want you to look into where your costs are truly going. Join Blue & Co., LLC on Tuesday, April 13 from noon to 1 p.m. for a webinar where our team of Pharmacy Consultants will explain how pharmacy benefit […]

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Understanding the Employee Retention Credit (ERC)

On-Demand Webinar: Understanding the Employee Retention Credit (ERC): What You Need To Know

You’re Invited! On Wednesday, March 3, 2021, Blue & Co. hosted a webinar entitled Understanding the Employee Retention Credit (ERC): What You Need To Know. In this session, you will learn more about the expansion of the Employee Retention Credit (ERC). The panelists discuss: Explanation of the credit and amounts Who is eligible to take […]

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On-Demand Webinar: Maximizing and Accounting for Not-For-Profit Revenue Sources

  This session was hosted by Blue & Co. and Ashley|Rountree and Associates on Thursday, February 25 from 12:00 p.m. to 1:00 p.m. EST. This webinar is Maximizing and Accounting for Not-For-Profit Revenue Sources. This webinar is part of a two-part series discussing unique funding opportunities and issues related to revenue sources for not-for-profit organizations. The […]

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Future of the 340B Program

On-Demand Webinar: The Future of the 340B Program

Over the past year, there have been many changes within the 340B Program. Join Jason Prokopik from Blue & Co., LLC and Wes Butler from Barnett Benvenuti & Butler on Tuesday, February 9 from noon to 1 p.m. EST as they discuss how the recent political changes could impact the 340B Program and what it […]

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An Outpatient Rehabilitation Update: Practical Strategies for Success with New Regulations

On-Demand Webinar: An Outpatient Rehabilitation Update: Practical Strategies for Success with New Regulations

WellSky will be hosting a webinar covering An Outpatient Rehabilitation Update: Practical Strategies for Success with New Regulations on February 9th starting at 11:00 a.m. CST. In December 2020, the Centers for Medicare and Medicaid Services (CMS) released the fiscal year 2021 Physician Fee Schedule and Outpatient Prospective Payment System (OPPS) final rules. Less than […]

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340B Reimbursement Update

On-Demand Webinar: The Year of Changes – PFS, FMV, CR, Stark, & AKS

You’re Invited: The Year of Changes – PFS, FMV, CR, Stark, & AKS Webinar There have been a plethora of changes to PFS, FMV, CR, Stark, & AKS over the last few months coming from all different sides, but ultimately meeting in the middle. Join us Thursday, January 28, from 3:30 p.m. to 4:30 p.m. […]

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