News and Alerts

//News and Alerts

Stay up to date with latest accounting, tax, and consulting news! Dean Dorton's experts let you know the latest industry and emerging accounting and tax information and most importantly how it will affect you and your business.

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

February 15th, 2017|

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 [...]

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

February 14th, 2017|

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 [...]

Team Member Spotlight: Danielle Adair

February 13th, 2017|

Service Group: Tax Years with Dean Dorton: 12 Years in Accounting Industry: 12 Favorite thing about Dean Dorton: As a working mother, I appreciate that Dean Dorton has allowed me the flexibility to continue to progress in [...]

What You Need to Know About the Tax Treatment of ISOs

February 9th, 2017|

Incentive stock options (ISOs) allow you to buy company stock in the future at a fixed price equal to or greater than the stock’s fair market value on the grant date. If the stock appreciates, [...]

QuickBooks Scam

January 25th, 2017|

It’s no secret that scammers are continuously looking for new ways to reinvent common scams, especially when it comes to phishing emails. Phishing emails are meant to look real, but trick you into clicking [...]

Business Buy-Sell Agreements

January 24th, 2017|

This is the time of year when many business owners are planning for the new year, evaluating last year’s performance and goal setting. Many will prepare a budget or business plan, review their year-end financial [...]

The Investment Interest Expense Deduction: Less Beneficial Than You Might Think

January 24th, 2017|

Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — generally is deductible for both regular tax and alternative minimum tax purposes. But [...]

Deduction for State and Local Sales Tax Benefits Some, But Not All, Taxpayers

January 19th, 2017|

The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes was made “permanent” a little over a year ago. This break can [...]

Have You Responded to the DOE’s Warnings About Cybersecurity?

January 19th, 2017|

The United States Department of Education (DOE) has sent friendly notices for two years in a row reminding colleges and universities of their requirement to comply with the strict guidelines for protecting student financial [...]

What Healthcare Changes and Implications Should We Expect Under Trump?

January 17th, 2017|

As expected, much of Presidential debate involved healthcare issues and, specifically, Trump’s wish to repeal the Affordable Care Act (ACA). But what will be the effect of repealing the ACA? Rand Corp reports that [...]

Help Prevent Tax Identity Theft by Filing Early

January 12th, 2017|

If you’re like many Americans, you might not start thinking about filing your tax return until close to this year’s April 18 deadline. You might even want to file for an extension so you don’t [...]

Team Member Spotlight: Mike McCreary

January 11th, 2017|

Service Group: Accounting & Financial Outsourcing and Tax Years with Dean Dorton: 9 Years in Accounting Industry: 22 Favorite thing about Dean Dorton: My favorite things are the people (both clients and staff) and the relationships I have [...]

Employee vs. Contractor

January 10th, 2017|

Third party relationships have become more important as companies look to leverage outside expertise. As relationships evolve, management needs to keep a close eye to determine if the third party contractor has become [...]

2017 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

January 9th, 2017|

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply [...]

Forecasts and Projections

January 5th, 2017|

The use of prospective financial statements continues to grow as companies require their use to obtain financing and raise capital. Now more than ever, sophisticated investors and bankers want to know what “will” rather [...]