deandorton

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About deandorton

Dean Dorton is a leading Kentucky-based regional accounting firm with a storied history of serving the needs of the surrounding community. We blend innovative business thinking, attentive personal service and an unyielding commitment to accuracy, quality and timeliness providing world-class expertise to our clients.

Who Can — and Who Should — Take the American Opportunity Credit?

If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return. If, however, your income is too high, you won’t qualify for the [...]

By | March 22nd, 2017|Tax|

2016 IRA Contributions — It’s Not Too Late!

Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017. If the contribution is deductible, it will lower your 2016 tax bill. But even if [...]

By | March 15th, 2017|Tax|

When an Elderly Parent Might Qualify as Your Dependent

It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify for the adult-dependent exemption. It allows eligible taxpayers to deduct up to $4,050 for each [...]

By | March 7th, 2017|Tax|

Tangible Property Safe Harbors Help Maximize Deductions

If last year your business made repairs to tangible property, such as buildings, machinery, equipment or vehicles, you may be eligible for a valuable deduction on your 2016 income tax return. But you must make [...]

By | March 3rd, 2017|Tax|

Deduct All of the Mileage You’re Entitled to — But Not More

Rather than keeping track of the actual cost of operating a vehicle, employees and self-employed taxpayers can use a standard mileage rate to compute their deduction related to using a vehicle for business. But you [...]

By | February 22nd, 2017|Tax|

Manage Your Risk of Fraud

Fraud is estimated to be a $3.5 trillion annual business with the typical company losing 5% of its revenue each year. Managing the risk of fraud is challenging for any organization, but especially for a [...]

By | February 21st, 2017|Manufacturing & Distribution|

Louisville Rental Housing Registry

Effective April 3, 2017, all property located in Louisville Metro and occupied or offered for occupancy in exchange for money or any other consideration must be registered with Louisville Metro Government. Failure to register [...]

By | February 17th, 2017|Tax|

ICD-10-CM Coding Guidelines and Changes

Attention all coders, especially in the dermatology, cardiology, and OBGYN fields. Please see the following 2017 ICD-10-CM Coding Guideline and Coding Changes: 1. Guideline I.B.19 was added after the initial publication of the 2017 ICD-10-CM:Code [...]

By | February 15th, 2017|Healthcare|

Do You Need to File a 2016 Gift Tax Return by April 18?

Last year you may have made significant gifts to your children, grandchildren or other heirs as part of your estate planning strategy. Or perhaps you just wanted to provide loved ones with some helpful financial [...]

By | February 15th, 2017|Tax|

The “Manufacturers’ Deduction” Isn’t Just for Manufacturers

The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.” But this potentially valuable tax break can be used by many other types of businesses [...]

By | February 14th, 2017|Manufacturing & Distribution, Tax|