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Changes to Nonprofit Accounting and Reporting

As a result of FASB’s project to enhance the usability of Not-for-Profit (NFP) entities financial statements and the associated notes to those financial statements, FASB released ASU 2016-14, Not-for-Profit Entities (Topic 958): Presentation [...]

By | August 24th, 2016|Healthcare, Higher Education, Nonprofit & Government|

Kentucky Sales Tax Exemption for Nonprofit LLCs

The Kentucky General Assembly recently passed legislation, in effect August 1, 2016, to exempt disregarded single-member limited liability companies wholly-owned by IRC 501(c)(3) organizations from Kentucky sales and use tax on their purchases. Prior to [...]

By | August 17th, 2016|Healthcare, Higher Education, Nonprofit & Government, Tax|

Team Member Spotlight: Adam Shewmaker

Adam Shewmaker and Lance Mann at 2015 Paul Hornung Award Reception Industry Team: Healthcare Years with Dean Dorton: 7 years Years in the Industry: 15 years Favorite thing about Dean Dorton: All of [...]

By | August 15th, 2016|Healthcare|

MACRA: The Medicare Access and CHIP Reauthorization Act

Perhaps lost in the shuffle last year due to the implementation of ICD-10, was the creation of MACRA, which was signed into legislation by President Obama on April 16, 2015. Fast forward one year later [...]

By | June 9th, 2016|Healthcare|

Maximizing Investment Value

In our last newsletter, Determining and Increasing Business Value, we discussed the three primary approaches to valuing a business. We described how value hinges on projected cash flows and risks associated with achieving them. And, we [...]

How Many Employees Does Your Business Have for Affordable Care Act Purposes?

It seems like a simple question: How many full-time workers does your business employ? But, when it comes to the Affordable Care Act (ACA), the answer can be complicated. The number of workers you employ [...]

Physician Owned Hospital Electronic Health Record System Survey

Dean Dorton has been engaged by two physician owned hospitals with focuses on surgical procedures. Our project is to evaluate their business needs as it relates to electronic health record (EHR) systems and facilitate [...]

By | May 24th, 2016|Healthcare|

The Red Flag Report

In today's regulatory environment, companies must be proactive in addressing environmental and safety concerns. A third-party hotline encourages disclosure of critical issues and protects both the company and its employees. Voluntary Protection Program Act OSHA's [...]

Final Fair Labor Standards Act (FLSA) Overtime Regulations Released

Today the Department of Labor (DOL) finally released  their much-anticipated overtime rule. This new regulation has been put in place to transform mid-level, salaried FLSA-exempt positions into hourly, non-exempt, overtime-eligible positions. Listed below are the key [...]