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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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, […]
July 27, 2021
By: Alaina Fischer and Damien Strohmier, CPA, CCIFP ERC Refunds Did you file an Employer’s Quarterly Federal Tax Return or a Tentative Refund form and are waiting on a refund? According to a recent IRS update, you could be waiting longer. As of May 6, 2021, the IRS reported having about 1.9 million Employer Quarterly […]
June 17, 2021
By: Derek Gray, CPA, Director, and Chuck Mallick, CPA, Senior Manager On the campaign trail, President Biden frequently mentioned significant changes to the estate tax. His proposals generally centered around three prongs: first, to raise the estate tax rate from 40% to 45%; second, to drop the lifetime exemption amount from $11.7 million to $3.5 […]
June 11, 2021
By: Derek Gray, CPA, Director; and Amy Sandlin, CPA, Tax Manager The capital gains tax has long been part of the political tug-of-war, and with the release of President Biden’s FY2022 budget proposal, the change to the capital gains tax regime looks to be one of the more interesting proposals. A quick refresher on our […]
May 07, 2021
The American Rescue Plan Act, enacted March 11, 2021, aims to deliver economic relief to families and workers. On April 21, President Biden announced a provision of the American Rescue Plan Act that allows eligible employers to claim refundable tax credits for providing emergency paid sick leave to employees who take time off for reasons […]
March 18, 2021
On March 17, the IRS ended weeks of speculation and issued an information release (IR-2021-59), which provides individual taxpayers an additional month to file their income tax returns. Individuals now have until May 17, 2021, to file their Form 1040, and no interest or penalty on taxes due will begin to accrue until that date. […]
March 15, 2021
Note: You will see in the article below allowable entities now include 501(c)(7) organizations. There remains many specific requirements for the PPP program and each organization will need to consider the totality of the program and their situation to see if they qualify. However, the deadline to apply for funding has not been moved and […]
March 07, 2021
By: Derek Gray, CPA, Director On Saturday, March 6, the Senate passed a $1.9 trillion COVID-19 relief package, The American Rescue Plan Act, with the House expected to pass the bill on Tuesday, March 9. President Biden hopes to sign this bill into law before unemployment aid programs expire on March 14. Provisions in the […]
March 03, 2021
By: Damien Strohmier, CPA, CCIFP Note: On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021, which includes the following provisions related to the employer tax credits discussed in this article: Extension of the period for which the credit for providing paid sick and family leave may be taken from […]
February 24, 2021
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 […]
February 24, 2021
By: Justin Gubser, CPA, and Aimee Reavling, CPA The Employee Retention Credit (ERC) is one of the most significant taxpayer relief provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act but has flown under the radar for most of the past 12 months due to its initial limitations related to the first round […]
February 15, 2021
By: Alan Zgoda, CPA, and Derek Gray, CPA Subsidy Payments CARES Act The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law on March 27, 2020, provided stimulus to the U.S. economy through a variety of methods. One significant method was in the form of the Small Business Administration (SBA) being authorized […]
January 26, 2021
Join us for a recording and materials from a webinar entitled The Biden Administration Tax Plan – What We Know Today. The speakers will discuss: A legislative update – where we are after the November and the Georgia runoff elections A review of the Biden Administration proposed tax plan and what we know today A forecast […]
January 08, 2021
Join Us! Join us for a recording and materials from a webinar entitled COVID Relief Bill – PPP, ERC, and other Business Provisions. The panelists will discuss: The Paycheck Protection Program (PPP) process and any changes within the new relief package including Deductibility Forgiveness Application and Process Second Draw Loans Employee Retention Credit (ERC) Families First […]
December 23, 2020
By: Parker Banta, CPA and Derek Gray, CPA Federal Excise Tax Rate Late Monday night, the long-awaited $900 billion coronavirus relief package was overwhelmingly passed. Neatly buried in the nearly 6,000-page bill are provisions that will permanently reduce the Federal Excise Tax (FET) rate on spirits sold by distillers across the United States. This news […]
Webinars
August 03, 2023
By Kevin Umberger, CPA, Senior Manager and Erin Waltman, CPA, Senior Staff at Blue & Co. Continued growth and expansion of your business can be supported by a variety of credits and incentives offered through state and local government programs. Typically, growing businesses are moving too fast to capture these opportunities or are simply unaware […]
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 […]
