Construction Tax Alert: New $25M Average Gross Receipts Threshold

The new Tax Cuts and Jobs Act (TCJA) has brought many changes to the tax law. However, there is one area not drawing a lot of attention that is worth […]
Read MoreThe new Tax Cuts and Jobs Act (TCJA) has brought many changes to the tax law. However, there is one area not drawing a lot of attention that is worth […]
Read MoreManaging payroll can be a burdensome task. Adding to the burden is adjusting tax withholding tables issued by the IRS. It’s not only crucial to withhold the appropriate taxes, but […]
Read MoreLatest Statistics Overall, less than 1% of individual tax returns were audited in both 2017 and 2018. However, as in the past, those with very high incomes face greater odds. […]
Read MoreThe IRS has updated the inflation-adjusted “luxury automobile” limits on certain deductions taxpayers can take for passenger automobiles, including light trucks and vans, used in their businesses. Revenue Procedure 2019-26 […]
Read MoreSummertime means sunny days, warmer weather, and opportunities to take a hard-earned vacation. As a self-employed person or a business owner, there are ways to combine a business trip with […]
Read MoreThe IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average value rule. Employers can use the rules to value an […]
Read MoreIf you’re a business owner and you hire your children (or grandchildren) this summer, you can receive various tax breaks along with other non-tax benefits. The kids can gain on-the-job […]
Read MoreDue to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Many filers who received refunds in past years wound up […]
Read MoreThe residential real estate market has been booming as of late. Interest rates are favorable and buyers have larger budgets to purchase the home of their dreams. The spring and […]
Read MoreRoth 401(k) accounts are relatively a new retirement plan option that allows for tax-free earnings and distributions. Studies have shown the number of available Roth 401(k) plans are increasing every […]
Read MoreTo appeal or not to appeal: that is the question. Medicare cost report appeals can be extremely profitable, but which issues are worth the time and effort to appeal? Without […]
By Rick Shields, CPA, Principal at Blue & Co. One of the issues not-for-profits must address is how to raise funds while also properly reporting the associated costs for donor […]
By Amy Sandlin, CPA, Tax Quality The Internal Revenue Service (IRS) announced significant tax relief for individuals and businesses in Kentucky affected by severe storms, straight-line winds, flooding, and landslides […]