Tax Reform Resource Center

Welcome to our Tax Reform Resource Center

We are keeping an ear to the ground so that when updates and regulations occur, you know first.


Check back here and follow us on social media to receive breaking news as it occurs.

Have questions about how the act affects your personal and business tax planning for 2018? Contact your local Blue & Co. tax advisor.



Qualified Transportation: an initial look at what needs to be included in unrelated business income

Qualified Transportation: what needs to be included in UBI

There are potential increases in taxable business income that could result in a larger tax liability for your NFP organization....

 

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What You Don’t Know About the Excess Business Loss Limitation

What You Don’t Know About the Excess Business Loss Limitation

Large business losses could now be subject to disallowance under the new provision outlined in TCJA...

 

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Get started on 2018 tax planning today!

Get started on 2018 tax planning today!

It’s especially critical to get an early start this year because the TCJA has greatly changed the tax environment...

 

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Do you need to adjust your withholding for 2018?

Do you need to adjust your withholding for 2018?

A large refund isn’t necessarily all good. It also means you essentially gave the government an interest-free loan...

 

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The Pass-Through Deduction – Looking Forward

The Pass-Through Deduction – Looking Forward

A quick overview of the details and exceptions in simplified terms...



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IRS Clarifies New Limit on Business Interest Expense Deductions

IRS Clarifies New Limit on Business Interest Expense Deductions

The limit, like other aspects of the law, has raised some questions for taxpayers...

 

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New Tax Law Changes Impact Attorneys

New Tax Law Changes Impact Attorneys

How might TCJA impact practice areas of family law & estate and gift, as well as attorneys who own a practice?...

 

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Take Advantage of TCJA Updates That Benefit Manufacturers

Take Advantage of TCJA Updates That Benefit Manufacturers

These changes provide an unprecedented ability to accelerate depreciation & lower income tax liabilities....

 

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You can still defer tax with a “like-kind” exchange but new limits do apply

You can still defer tax with a “like-kind” exchange but new limits do apply

Like-kind exchanges still allowed, however TCJA eliminates this treatment for personal property...

 

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Sec. 179 Expensing Provides Many Businesses Tax Savings on 2017 Returns

Sec. 179 Expensing Provides Many Businesses Tax Savings on 2017 Returns

If you purchased qualifying property in 2017, you may be eligible for Sec.179 expensing on your taxes...

 

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Tax Credit for Hiring Can Provide Substantial Tax Savings

Tax Credit for Hiring Can Provide Substantial Tax Savings

If you made qualifying hires in 2017 and obtained proper certification, you could be eligible to claim the WOTC on your 2017 tax return....

 

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TCJA Expands Use of Cash Basis Accounting Method and More

TCJA Expands Use of Cash Basis Accounting Method and More

This is a brief summary of a number of changes to the rules governing the choice of accounting methods by taxpayers...

 

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Tax Extender Provisions in the Bipartisan Budget Act of 2018

Tax Extender Provisions in the Bipartisan Budget Act of 2018

On February 9, Congress passed, and the President signed into law, H.R. 1892, the "Bipartisan Budget Act of 2018...

 

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TCJA Temporarily Lowers Medical Expense Deduction Threshold

TCJA Temporarily Lowers Medical Expense Deduction Threshold

With rising healthcare costs, claiming deductions for these expenses can be more important than ever....

 

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These tax credits for small businesses could reduce your 2017 & 2018 tax bills

These tax credits for small businesses could reduce your 2017 & 2018 tax bills

Two still-available tax credits for small businesses can help provide certain employee benefits...

 

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The state and local sales tax deduction is subject to a new limitation

The state and local sales tax deduction is subject to a new limitation

The state and local tax deduction ultimately survived, however, the TCJA imposes a new limit...

 

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Can you deduct home office expenses?

Can you deduct home office expenses?


Fewer taxpayers will be eligible for a home office deductions...

 

 

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Form 1040 Schedule A Overhaul

Form 1040 Schedule A Overhaul


A brief overview of changes by the Tax Cuts and Jobs Act...

 

 

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TCJA Limits Deduction for Entertainment & Transportation

TCJA Limits Deduction for Entertainment & Transportation

The new tax law eliminates the deduction for entertainment and transportation fringe benefits...

 

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The Tax Cuts and Jobs Act: What it Means For You

The Tax Cuts and Jobs Act: What it Means For You

A brief overview highlighting components of the new law....

 

 

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Highlights for Tax-Exempt Organizations

Highlights for Tax-Exempt Organizations


This comparison highlights how the TCJA could affect tax-exempt organizations...

 

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Deferred Income Taxes and the Tax Cuts and Jobs Act

Deferred Income Taxes and the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (TCJA) is hot off the presses and contains many provisions which will impact...

 

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How the 2017 Tax Cut and Jobs Act Affects Nonprofits

How the 2017 Tax Cut and Jobs Act Affects Nonprofits

Provisions of the 2017 Tax Cuts and Jobs Act, H.R. 1, are expected to have significant impacts on...

 

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Deferred Income Taxes and the Tax Cuts and Jobs Act - graphic

 

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