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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To Deduct Business Losses, You May Have to Prove “Material Participation”

July 25th, 2016|

You can only deduct losses from an S corporation, partnership or LLC if you “materially participate” in the business. If you don’t, your losses are generally “passive” and can only be used to offset income [...]

Leadership Louisville Class of 2017 Welcomes Lance Mann

July 20th, 2016|

Lance Mann, Director of Assurance Services, is one of 60 emerging leaders inducted into the Leadership Louisville Class of 2017. Managed by the Leadership Louisville Center, this 36-year-old program allows a diverse group of professional [...]

There’s Still Time for Homeowners to Save With Green Tax Credits

July 18th, 2016|

The income tax credit for certain energy-efficient home improvements and equipment purchases was extended through 2016 by the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). So, you still have time to [...]

Team Member Spotlight: Faith Crump

July 13th, 2016|

AAML Conference, left to right: Gwen Tilton, Amelia Sebastian, Faith Crump, John Herring, Missy DeArk Industry Team: Real Estate Years with Dean Dorton: 8 Years in the Industry: 14 Favorite thing about Dean [...]

Cost Segregation Studies: Valuable Tax Savings Embedded in Buildings

July 13th, 2016|

Your company’s real estate is likely to represent a large capital investment - are you missing out on real estate savings? If you own real estate and pay income taxes, you may benefit from [...]

Three Mutual Fund Tax Hazards to Watch Out For

July 7th, 2016|

Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in retirement plans such as IRAs and 401(k)s. But if you hold such funds in [...]

Federal Overtime Regulations for Thoroughbred Businesses

June 23rd, 2016|

The U.S. Department of Labor recently released its final regulations, issuing changes to Part 541, which govern certain overtime exemptions under the Fair Labor Standards Act (FLSA) for executive, administrative, professional, computer, and outside sales [...]

Throw a Company Picnic for Employees This Summer and Enjoy Larger Deductions

June 23rd, 2016|

Many businesses host a picnic for employees in the summer. It’s a fun activity for your staff and you may be able to take a larger deduction for the cost than you would on other [...]

Let the Adventure Begin

June 16th, 2016|

We are at once delighted and disheartened to announce that John Balbach, Director of Taxes, is retiring at the end of this month. He has been with the firm for 30 years and has made [...]

Team Member Spotlight: Lance Mann

June 15th, 2016|

Industry Team: Manufacturing Team Years with Dean Dorton: 9 Years in the Industry: 11 Favorite thing about Dean Dorton: The firm lets me do what I want every day. Most days it is going out [...]

MACRA: The Medicare Access and CHIP Reauthorization Act

June 9th, 2016|

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 [...]

Combine Business Travel and a Family Vacation Without Losing Tax Benefits

June 8th, 2016|

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 [...]

Stock Market Volatility Can Cut Tax on a Roth IRA Conversion

May 31st, 2016|

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 [...]

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

May 26th, 2016|

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 [...]