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Key Tax Filing Deadlines Changed

Due dates for certain tax returns for the 2017 tax filing season (returns for 2016) and beyond have been changed. The changes, based on the tax year being the calendar year, are highlighted in [...]

December 15th, 2016|Uncategorized|

Municipal Market Potentially at Risk with Trump Infrastructure Plan

With the upcoming changes in the political arena, interest on municipal bonds is at risk of becoming subject to federal income taxation. Under the current U.S. tax code, when investors lend money to local [...]

December 15th, 2016|Tax, Uncategorized|

Some Tax Rates and Amounts for 2017

FICA base — Annual compensation to which Social Security tax applies is $127,200 for 2017 (up from $118,500 for 2016). Social Security benefits — Individuals who are drawing Social Security benefits prior to attaining [...]

December 15th, 2016|Tax, Uncategorized|

IRS Penalties for Information Returns

Penalties for failure to file correct information returns (e.g. W-2s, 1099s, 1098s, 1042s) are subject to annual inflationary increases per Section 208 of Public Law 113-295. These penalties are based on the period of [...]

December 6th, 2016|Uncategorized|

Ensure Your Year-End Donations Will Be Deductible on Your 2016 Return

Donations to qualified charities are generally fully deductible, and they may be the easiest deductible expense to time to your tax advantage. After all, you control exactly when and how much you give. To [...]

December 6th, 2016|Tax, Uncategorized|

Breaking News: Texas Judge Temporarily Blocks New Overtime Rule

A federal judge in Texas has temporarily blocked the Department of Labor (DOL) overtime rules that were set to take effect next Thursday, December 1. United States District Judge Amos L. Mazzant III of [...]

November 23rd, 2016|Uncategorized|

Accounting & Ethics Update Recap

On November 16, Dean Dorton provided its 12th version of the annual Accounting and Ethics Update. The firm utilized 17 presenters over nine sessions that covered a variety of topics from the latest in nonprofit reporting [...]

What You Should Know About the Updated I-9 Form

On Monday, November 14, the United States Citizenship and Immigration Services (USCIS) released the anticipated new Form I-9 (Employment Eligibility Verification) that replaces the current version, which expired on March 31 of this year. [...]

Team Member Spotlight: Jason Miller

Industry Team: Technology Consulting Years with Dean Dorton: 15 Years in the Higher Education Industry: 20 Favorite memory about Dean Dorton: I love that Dean Dorton is so focused on helping clients solve business problems that it is willing [...]

November 18th, 2016|Uncategorized|

It’s Beginning to Feel a Lot Like 1986

Whether you’re happy or not about the outcome of Tuesday’s election, now that we know we have Republicans in the White House, both houses of Congress, the governorship and the state legislature, it’s time [...]