Boulay

The U.S. Bureau of Economic Analysis reported today that GDP growth from Q1 of 2024 came in lower than expected at 1.6%—versus the estimated 2.5%. The softer-than-expected GDP numbers signify the Federal Reserve’s historic interest rate hikes, putting pressure on consumers and the economy.  

Portability allows your representative to transfer your unused estate tax exemption to your surviving spouse. While this strategy could significantly reduce or eliminate the federal estate tax liability for your combined estates, it is not automatic and has some limitations and drawbacks. In this article, Andrea Thermos, CPA, Partner, explains portability, how it works, and what you need to know about its advantages and disadvantages.

U.S. home sales fell in March 2024, as home buyers pulled back due to rising mortgage rates. Sales of previously owned homes fell by 4.3% to an annualized rate of 4.19 million, putting a strain on the U.S. economy.

In our increasingly digital world, organizations face new and persistent threats to cybersecurity. Endpoint Detection and Response (EDR) systems can act as a critical line of defense, as well as a key component of a successful SOC 2 journey. Boulay’s Risk Advisory Team explores the power of EDR systems in this security spotlight.

Cheers to the end of another successful tax season! The Boulay team gathered at Pinstripes on Monday night for an evening of bocce ball, bowling, great food and drinks, and even better company. It was the perfect way to celebrate our team’s hard work and accomplishments! A big thank you to everyone for your contributions throughout the 2024 season!

Connect with Megan Koosman, Campus Recruiting Specialist, to learn how Boulay offers a #CareerFitForYourLife!

That’s a wrap on our Dress for Success Twin Cities clothing drive! Boulay team members collected nearly 250 apparel items, in addition to generous financial donations, throughout Women’s History Month. Thank you to everyone who contributed! We’re especially grateful to our B-Involved team, Women’s Inclusion Leadership Group for Success (WINGS), and the DEI Committee for co-leading this initiative. Boulay is honored to have the chance to support and empower professional women in our firm, community and beyond.

The Bureau of Labor Statistics today released inflation data for this past year, showing that inflation has ticked significantly higher than the market expected, causing investors to reevaluate the U.S. economy. The median forecast expected was 3.4% year-over-year, but prices came in at 3.5%—with the most significant increases in Shelter (5.7%), Hospital Services (7.5%) and Motor Vehicle Insurance (22.2%). Inflation is a key data point that the Federal Reserve uses to determine rate cuts. If inflation continues to run hot, the possibility of the Fed cutting interest rates decreases.

Boulay fosters meaningful friendships and provides opportunities to celebrate our successes together. Be part of the story and discover how Boulay offers a #CareerFitForYourLife!

April is Celebrate Diversity Month! Here at Boulay, we honor diversity by discussing our “Dimensions of Difference”—the variety of factors that make up our human identity, such as ethnicity, gender, age, physical ability, religion, educational background, and work/geographic location. We are all uniquely shaped by these dimensions at work and throughout our lives, and we view these differences as an opportunity to connect, create and solve. Greater awareness, acceptance and celebration of both our differences and similarities deepens trust and creates connections. We encourage you to celebrate your team’s unique dimensions of difference, throughout April and all year round!