Inflation Reduction Act of 2022: Programs That Could Impact You

    Posted by Alan Greenwell on Oct 20, 2022 9:38:48 AM

    On August 16, 2022, President Biden signed into law the Inflation Reduction Act (“IRA”) of 2022. While there has been skepticism about the legislation’s ability to reduce inflation, there is little-to-no doubt that the financial incentives included in the bill provide the most significant resources in U.S. history for businesses to make climate-friendly investments.

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    Topics: Takeaways, brixey and meyer, Tax, Tax Team, Tax updates, ESG, Inflation, Inflation Reduction Act

    The Inflation Reduction Act of 2022

    Posted by Steve Hood on Aug 22, 2022 11:52:39 AM

    On August 12, 2022, the House passed the Inflation Reduction Act of 2022, and President Biden signed the bill on August 16, 2022. The expectation is a reduction of the deficit by $300 billion with various revenue raisers and spending on climate, clean energy and healthcare.

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    Topics: Takeaways, brixey and meyer, Tax, Tax Team, Tax updates, Inflation, Inflation Reduction Act

    ASC 842 Is Here For Private Companies – Are You Ready?

    Posted by Andy Detling on Aug 4, 2022 9:42:19 AM

    HubSpot Video

    The Financial Accounting Standards Board issued new lease guidance to provide greater transparency and disclosure around companies’ lease portfolios, and the new standard significantly changes the accounting for certain leases compared to the old standard. There are many technical details that companies need to work through, and the post below provides a high-level overview of the key issues and steps to consider for your business. 

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    Topics: Takeaways, brixey and meyer, Tax, Tax Team, Tax updates, meal deduction, New Year, Business Meal Expense

    Why Eat Keto?

    Posted by Lynn Stuart on Jun 15, 2022 9:33:34 AM

    As I have gotten older, like most people, I have gained a few pounds. Looking to become healthier, I eagerly read Younger Next Year by Chris Crowley. While reading this book, I learned a lot and since then have changed my diet, exercise regularly and have lost 18 pounds (and counting!).

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    Topics: Takeaways, values, brixey and meyer, problem solving, Business Owners, Entrepreneurs, productivity, nutrition, health, workplace productivity, Keto, Diet

    Abandoned 401(k) Accounts

    Posted by Jill Proud on Mar 3, 2022 10:38:59 AM

    The trend of U.S. workers leaving their jobs and employers struggling with high levels of employee turnover continues to gain momentum. Another 4.5 million U.S. workers quit their jobs in November alone, according to data from the U.S. Bureau of Labor Statistics. Meanwhile, the number of job openings in the United States remains elevated at 10.6 million, as companies across sectors and industries continue to have a hard time recruiting and retaining employees.

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    Topics: Takeaways, brixey and meyer, Retirement Plan Administration, 2022 Retirement Planning, 401(k)

    Brixey & Meyer's Snow Day Fun!

    Posted by Nicole Kelly on Feb 7, 2022 9:33:23 AM

    Since a lot of our team worked from home last week due to weather, we decided to have some snow day fun! ❄️ B&M team members shared pictures of their WFH Co-Workers and we are still soaking up all the cuteness! Who would you want to work with? 

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    Topics: values, brixey and meyer, dayton, columbus, workplace productivity, Cincinnati, Working From Home

    IRS Raises Mileage Rates for 2022

    Posted by Steve Hood on Jan 20, 2022 2:08:16 PM

    The IRS issued the 2022 optional standard mileage rates which are used to calculate the deductible costs of operating an automobile for business purposes, charitable purposes, medical purposes or moving purposes. 

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    Topics: Takeaways, brixey and meyer, Tax, Tax Team, Tax updates, New Year, Mileage

    Brixey & Meyer's Annual Day of Giving 2021

    Posted by Nicole Kelly on Dec 22, 2021 10:24:10 AM

    It's in the Brixey & Meyer DNA to give back to communities in which we serve. Every year we identify organizations that our team can  partner with in order to fulfill our desires to give back. We closed all three offices and our team headed out to serve and spend time with one another. This year, our annual day of giving was spent in Cincinnati where we had stations set up benefiting multiple organizations. 

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    Topics: Takeaways, values, brixey and meyer, dayton, columbus, Volunteer, productivity, workplace productivity, Cincinnati

    2021 Year End Tax News

    Posted by Jeff Kujawa on Dec 21, 2021 12:15:12 PM

    This has obviously been anything but an ordinary year and it appears the Build Back Better Act will not be signed by December 31st. Any proposed legislation will most likely be effective beginning January 1, 2022. In 2021, Congress did pass the Infrastructure Investment and Jobs Act to spur the economy and help with our federal highways, highway safety programs, transit and other purposes. However, this bill had minimal income tax consequences.

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    Topics: Takeaways, brixey and meyer, Tax, Tax Team, Tax updates, 2021, 2022 Tax Planning

    Nonprofit BDO Update - Summer 2021

    Posted by Kevin Weckesser on Jul 12, 2021 3:01:02 PM

    As a BDO alliance member, we get to pass along industry specific letters to ensure you stay ahead of in-depth updates and thought leadership in your industry. We want you to understand how your organization or organizations that you serve are impacted. 

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    Topics: brixey and meyer, Nonprofit, Update, BDO

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