Latest 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. […]
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The 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 […]
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Summertime 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 […]
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The 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 […]
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If 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 […]
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Due 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 […]
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The 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 […]
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Roth 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 […]
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The market for plug-in electric vehicles (EVs) is still small compared with other cars on the road, but it’s growing thanks in part to a federal tax credit offering. If […]
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By Miranda Aavatsmark Perseverance. Confidence. Heart. Guts. Willpower. Tenacity. Dedication. The attributes above come to mind when I think of great fighters. Some of the legends include Muhammad Ali, Rocky […]
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Bedford, Ind. (December 16, 2024) – Blue & Co., LLC, a top-60 accounting and advisory firm with offices in Indiana, Kentucky, Ohio, and Michigan is expanding into Bedford, IN. Effective December […]
By Debbie Herbert, CPA, Director at Blue & Co. If your defined contribution plan has a vesting schedule for employer contributions, you may be familiar with the term ‘forfeitures.’ In […]
By Karen Dringenburg, CPA, Senior Accountant and Andrew Brock, CPA, Senior Manager at Blue & Co. Are you a not-for-profit entity considering implementing ACH transactions? Or are you wondering if […]
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