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Welcome to our Tax Reform Resource Center.

We are keeping an ear to the ground so that when updates and regulations occur surrounding the Tax Cuts and Jobs Act, you will know first. Check back here and follow us on social media to receive breaking news as it occurs.

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

Articles

Tax Relief for American Families and Workers Act of 2024: A Comprehensive Overview of Bipartisan Legislation

By Derek Gray, CPA, Director and Amy Sandlin, CPA, Senior Tax Manager at Blue & Co. A bipartisan bill drafted by House Ways and Means Chair Jason Smith (R-MO) and […]

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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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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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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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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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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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w-2 and 1099 tax forms

Have You Started to Prepare for Filing Last Year’s 1099s and W-2s?

By Pam Swartout, Manager and Tracey Selig, CPA, Senior Accountant at Blue & Co. The time of year for preparing and filing your 1099s and W-2s is here. In order […]

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New Kentucky Utility Services Sales Tax and Exemptions

By Sydney Settle and Derek Gray, CPA, Director at Blue & Co. Beginning January 1, 2023, utility services for property other than a primary residence will be subject to six […]

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year end depreciation update for real estate investors

Year-End Depreciation Update for Real Estate Investors

By: Lance Williams, CPA, Manager, and Kimber Sutton, CPA, Staff Accountant The Tax Cuts and Jobs Act (TCJA) was passed at the end of 2017. Of the many changes it […]

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Kentucky Small Business Tax Credit Program

By Emma Kuhl, CPA, and Zach Mattingly, CPA In September, Kentucky Governor Andy Beshear urged Kentucky small businesses to take advantage of the Kentucky Small Business Tax Credit Program (KSBTC), […]

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kentucky house bill 8 sales tax expansion

Kentucky Sales Tax: Additional Services Subject to Sales Tax and Other Excise Tax Changes Effective January 1, 2023

By Amy Sandlin, CPA, Senior Tax Manager and James Wooten, CPA, Senior Tax Manager Starting January 1, 2023, Kentucky sales and use tax will apply to 30+ additional service categories. […]

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common control lease agreements exposure draft asc 842

Common Control Lease Arrangements: FASB’s Newly Issued Exposure Draft and Steps to Take Before Year-end

By Jennifer Miloszewski, CPA, Director at Blue & Co. Time is running out for privately-held companies to adopt the infamous new lease standard. Effective for year-end December 31, 2022, Accounting […]

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COVID Tax Relief – IRS Provides Penalty Relief for 2019 & 2020 Tax Filings Due to the Pandemic

By Stephen Stringer, CPA, Director and Amy Sandlin, CPA, Senior Manager Shortly after the Inflation Reduction Act of 2022 grabbed the headlines out of Washington, the IRS announced a broad-based […]

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