Tax

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Combine Business Travel and a Family Vacation Without Losing Tax Benefits

Are you thinking about turning a business trip into a family vacation this summer? This can be a great way to fund a portion of your vacation costs. But if you’re not careful, you could [...]

By | June 8th, 2016|Tax|

Stock Market Volatility Can Cut Tax on a Roth IRA Conversion

This year’s stock market volatility can be unnerving, but if you have a traditional IRA, this volatility may provide a valuable opportunity: It can allow you to convert your traditional IRA to a Roth IRA [...]

By | May 31st, 2016|Tax|

Dean Dorton Gives Back to the University of Kentucky and Lexington Business Community

Meet the Players Bill Kohm, audit director for Dean Dorton and a 1996 University of Kentucky (UK) graduate, has led more than 20 UK accounting students through real-world internal audit projects over the past [...]

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 [...]

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 [...]

Understanding the Tax Consequences of a Home Sale

Putting your home on the market? As the school year draws to a close and the days lengthen, you may be one of the many homeowners who are getting ready to put their home on [...]

By | May 17th, 2016|Real Estate, Tax|

Qualified Small Business Stock Offers Two Valuable Tax Benefits

By investing in qualified small business (QSB) stock, you can diversify your portfolio and enjoy two valuable tax benefits: Tax-free gain rollovers. If within 60 days of selling QSB stock you buy other QSB stock [...]

By | May 3rd, 2016|Tax|

Unexpected Retirement Plan Disqualification Can Trigger Serious Tax Problems

It’s not unusual for the IRS to conduct audits of qualified employee benefit plans, including 401(k)s. Plan sponsors are expected to stay in compliance with numerous, frequently changing federal laws and regulations. For example, have [...]

By | April 27th, 2016|Tax|