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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Individual Tax Calendar: Key Deadlines for the Remainder of 2017

April 18th, 2017|

While April 15 (April 18 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that are important to be aware of. To help [...]

Higher Education Issues and Challenges with Practical Solutions: Session Recap

April 17th, 2017|

We had an excellent day of collaboration and learning at our third annual Higher Education: Current Issues and Trends event held at Northern Kentucky University on March 23, 2017. During the event, we had [...]

A Timely Postmark on Your Tax Return May Not Be Enough to Avoid Late-Filing Penalties

April 12th, 2017|

Because of a weekend and a Washington, D.C., holiday, the 2016 tax return filing deadline for individual taxpayers is Tuesday, April 18. The IRS considers a paper return that’s due April 18 to be timely [...]

Saving Tax With Home-Related Deductions and Exclusions

April 12th, 2017|

Currently, home ownership comes with many tax-saving opportunities. Consider both deductions and exclusions when you’re filing your 2016 return and tax planning for 2017: Property tax deduction. Property tax is generally fully deductible — unless [...]

Dean Dorton Acquires Metro Medical Solutions, LLC

April 10th, 2017|

Dean Dorton has expanded its healthcare services in Kentucky by acquiring Metro Medical Solutions, LLC, a long-standing physician billing and credentialing company located in Louisville, KY. The merger was effective April 1, 2017. The new [...]

2017 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers

March 31st, 2017|

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

Dean Dorton named Top Firm to Watch by Accounting Today

March 27th, 2017|

Dean Dorton, the region’s leader of audit, tax, and consulting services based in Kentucky, was recently named to the “Beyond the Top 100: Firms to Watch” list by Accounting Today. Dean Dorton was also [...]

Who Can — and Who Should — Take the American Opportunity Credit?

March 22nd, 2017|

If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return. If, however, your income is too high, you won’t qualify for the [...]

2016 IRA Contributions — It’s Not Too Late!

March 15th, 2017|

Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017. If the contribution is deductible, it will lower your 2016 tax bill. But even if [...]

When an Elderly Parent Might Qualify as Your Dependent

March 7th, 2017|

It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify for the adult-dependent exemption. It allows eligible taxpayers to deduct up to $4,050 for each [...]

Tangible Property Safe Harbors Help Maximize Deductions

March 3rd, 2017|

If last year your business made repairs to tangible property, such as buildings, machinery, equipment or vehicles, you may be eligible for a valuable deduction on your 2016 income tax return. But you must make [...]

Deduct All of the Mileage You’re Entitled to — But Not More

February 22nd, 2017|

Rather than keeping track of the actual cost of operating a vehicle, employees and self-employed taxpayers can use a standard mileage rate to compute their deduction related to using a vehicle for business. But you [...]

Manage Your Risk of Fraud

February 21st, 2017|

Fraud is estimated to be a $3.5 trillion annual business with the typical company losing 5% of its revenue each year. Managing the risk of fraud is challenging for any organization, but especially for a [...]

Louisville Rental Housing Registry

February 17th, 2017|

Effective April 3, 2017, all property located in Louisville Metro and occupied or offered for occupancy in exchange for money or any other consideration must be registered with Louisville Metro Government. Failure to register [...]

ICD-10-CM Coding Guidelines and Changes

February 15th, 2017|

Attention all coders, especially in the dermatology, cardiology, and OBGYN fields. Please see the following 2017 ICD-10-CM Coding Guideline and Coding Changes: 1. Guideline I.B.19 was added after the initial publication of the 2017 ICD-10-CM:Code [...]