More about Andrew Bollman
Andy is a CPA and trusted advisor with 15 years of experience providing tax, accounting, assurance, and consulting services to transportation industry owners and operators. He is a tax principal with CLA in the Minneapolis, MN office. He also consults with high net worth individuals and owners of closely-held transportation businesses on all aspects of tax planning, estate planning, and retirement planning. Andy is also the tax leader for transportation industry across CLA.
Blog Posts by Andrew Bollman:
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Cross-Border COVID-19 Requirements
While there has been a lot of buzz and concern around supply chains and inflation the last few months, Canada and the United States have entered into a vaccine mandate in order to cross the border. Canada’s vaccine mandate to enter the country went into effect Saturday January 15th, while the United States vaccine mandate […]
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Year End Tax Planning Ideas
It’s that time of year again. We’re past Thanksgiving, into December and the year is almost over. For a lot of business owners a familiar feeling is starting to set in. It’s panic. They’ve just seen the latest numbers (hopefully they look good), and the first thing that pops in their head is how can […]
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White House Releases Build Back Better Act Framework
Early Thursday, the White House had released the framework for the Build Back Better Act. The White House and House and Senate Democrats are continuing to negotiate and discuss the final bill. Here’s what’s included in the framework: Keep in mind that negotiations are still ongoing, and as we mentioned earlier this week are still […]
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New Direction for Potential Tax Legislation?
Authored by Miryam Wisnicki, Melissa Labant, and Chris Hesse After a week of backdoor negotiations between President Biden and key Democrat holdouts Senators Joe Manchin and Kyrsten Sinema, the White House and progressive Democrats appear prepared to compromise on some significant priorities in order to cobble together a social spending package that can pass Congress. Speaker Pelosi expects […]
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The IRS Lately: the Good, the Bad, and the Ugly
The IRS has been getting a lot of attention lately, for a variety of reasons. Most of it has been highlighting some frustrations taxpayers have been experiencing along with being a piece of the pending legislative proposals. Over the past 18 months, the pace of change has caused some major headaches for both taxpayers and […]
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Bus Driver Shortage
With schools starting back up, most of what you hear is around politically hot topics like should kids be in person, should masks be required, and what’s in the curriculum. But maybe the bigger discussion should be, how are your kids going to get to school? Finding school bus drivers has certainly been challenging the […]
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Senate Approves Bipartisan Infrastructure Bill
Senators finished up working through the procedural hurdles, and have spent the last few days arguing over the potential amendments. After much debate, the bipartisan infrastructure bill was approved in the Senate, sending the bill to the House where it faces a complicated future. House Speaker Pelosi has said that the House will not pass […]
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Potential Legislation Could Eliminate Q4 ERC Benefits
Late Sunday night, the bill text of the bi-partisan infrastructure bill (H.R. 3684) was finally released to the public. As expected, it included funding for roads, bridges, rail, ports, broadband, and waterworks, as well as some energy/climate provisions. The bill has been presented as a bill with no new tax hikes, and is still waiting […]
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CERTS Grant Applications Due Today!
Just a reminder to get your CERTS grant applications submitted today. Applications that are incomplete, unclear, or internally inconsistent may not receive timely consideration and may be rejected. Treasury has indicated that applications submitted AFTER 11:59PM will NOT qualify for a CERTS grant.
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First Advance Child Tax Credits Issued Today
The first of the monthly child tax credit advances were issued today. The IRS issued close to $15 billion of checks to individuals and families today. Most payments were for $250 per child, and $300 if the child is under 6. We mentioned a few weeks ago that individuals could opt out of the advanced […]