BLS Insights

Category: Advisory

The 2024 cost-of-living adjustment numbers have been released: How do they affect your year-end tax planning?

November 20, 2023

The IRS recently issued its 2024 cost-of-living adjustments for more than 60 tax provisions. With inflation moderating slightly this year over last, many amounts will increase over 2023 amounts but … Continued

Learn More >>

IRS Offers a Withdrawal Option to Businesses that Claimed ERTCs

October 30, 2023

Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ concerns about the validity of their claims for this valuable, but complex, pandemic-related credit … Continued

Learn More >>

IRS Warns Businesses about ERTC Scams

August 17, 2023

The airwaves and internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERTC). While some employers do indeed remain … Continued

Learn More >>

Virtual Currency Lands in the IRS’s Crosshairs

June 29, 2023

While the value of virtual currency continues to fluctuate, the IRS’s interest in it has only increased. In 2021, for example, the agency launched Operation Hidden Treasure to root out … Continued

Learn More >>

What’s in the Fiscal Responsibility Act?

June 15, 2023

President Biden signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal Responsibility Act (FRA) suspends — as … Continued

Learn More >>

IRS guidance coming regarding the IRA’s Clean Vehicle Credit

April 25, 2023

The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit now covers “clean vehicles,” which include … Continued

Learn More >>

Reading the Tea Leaves: Potential Tax Legislation in the New Congress

February 16, 2023

The 2022 mid-term election has shifted the scales in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it remains to be seen if — and … Continued

Learn More >>

Year-end Spending Package Tackles Retirement Planning, Conservation Easements

January 04, 2023

On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new laws that could affect your financial planning: the Setting … Continued

Learn More >>

2022 Year End Business Tax Update

December 16, 2022

Enjoy our latest BLS Video Update where Karly Laughlin, CPA, Mike Kelly, CPA and Valerie Middlebrooks, CPA discuss 2022 Business Tax Updates. Topics include The Inflation Reduction Act of 2022 … Continued

Learn More >>

2022 Year End Individual Tax Update

December 15, 2022

Enjoy our latest BLS Video Update where Karly Laughlin, CPA, Mike Kelly, CPA and Valerie Middlebrooks, CPA discuss 2022 Individual Tax Updates. Topics include Inflation Adjustments (0:39-3:58) The Inflation Reduction … Continued

Learn More >>


Apply Now

Need Additional Information?

If you need more information, please contact us so we can connect you with one of our CPA advisors who will be committed to your business and personal success. BLS is here to help!