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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Elizabeth Woodward Named Vice Chair of Blue Grass Airport Board

January 25th, 2018|

Elizabeth Woodward, Director of Forensic Accounting and Litigation Support, was recently named Vice Chair and Treasurer of the Blue Grass Airport Board of Directors. She has served on the board for three years, serving as [...]

Increase and Modification of Child Tax Credit

January 25th, 2018|

There were some changes made to the child tax credit rules in the new tax bill. The amount of the credit was increased, the adjusted gross income phase-outs were increased, a new non-child dependent tax [...]

Tax Cuts and Jobs Act: Depreciation-Related Provisions

January 18th, 2018|

In our second installment on the new tax law, we will focus on depreciation-related provisions. Many of you may have previously benefited from bonus depreciation and Section 179 expensing — tax incentives that have [...]

2018 Manufacturing Risks and Opportunities

January 16th, 2018|

Here are the key risks and opportunities for 2018: Attracting and Retaining a Quality Workforce Productivity challenges exist when a manufacturer can’t retain a consistent workforce. Manufacturing companies today have a hard time [...]

Electric Co-Operatives Forge Ahead

January 16th, 2018|

Here are the key risks and opportunities for 2018: Cybersecurity and Big Data Co-operatives can be proactive by implementing effective controls to prevent and detect cyber-crime. A successful cybersecurity campaign includes educating employees of [...]

Third Party Vendor Management Programs

January 11th, 2018|

Does your company rely on multiple third party vendors to achieve maximum efficiency in its day-to-day operations? How would you rate your company's diligence in accepting and monitoring your third party vendors? Dean Dorton [...]

You’ll Need to Comply With ASU 2016-14 Soon

January 11th, 2018|

During 2018 (December 31 year-ends) and 2019 (all other year-ends), nonprofit entities will need to comply with Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, and [...]

Update: Meltdown and Spectre

January 11th, 2018|

In an article released earlier this week, we highlighted the recent Meltown and Spectre threats. Much news has circulated in the last two days as security updates have been released, including information regarding possible [...]

2018 National Manufacturing Outlook and Insights

January 11th, 2018|

Results from Leading Edge Alliance's annual manufacturing outlook survey are in, and they indicate that manufacturers have increased optimism, are planning for potential, and seizing opportunity in 2018. More than 450 manufacturing executives participated [...]

Tax Cuts and Jobs Act: Employee Benefits

January 10th, 2018|

What is Changing? Over the coming weeks, we will be sending out more details relating to the new tax law. Given the volume of changes, we will be releasing a more detailed review of [...]

Meltdown and Spectre: The Newest Computer Security Vulnerabilities

January 9th, 2018|

Recent news reports have highlighted computer security vulnerabilities being referred to as Meltdown and Spectre. Computer researchers have found out that the main chip in most modern computers—the CPU—has a hardware bug. It's really [...]

Should I Prepay My Property Tax?

December 28th, 2017|

We have received several calls this week about prepaying 2018 property tax by December 31, 2017 in light of the cap on deductibility of those taxes that will be in place for 2018. Kentucky does not have [...]

Tax-Exempt Implications of Tax Cuts and Jobs Act

December 28th, 2017|

By Allison Carter, CPA The current bill for the Tax Cuts and Jobs Act, which was signed by President Trump on Friday, has several provisions impacting tax-exempt organizations. Below is a brief overview of [...]

Federal Tax Reform as of December 20, 2017 – Equine Industry Focus

December 20th, 2017|

By Jen Shah, CPA · Equine Industry Team Leader Federal tax reform is upon us and, while most provisions in the current bill are effective for calendar years beginning in 2018, there [...]

New Year, New Revenue Recognition Considerations

December 19th, 2017|

When do you recognize revenue from contracts with customers? What was once an easy question to answer is now one that will soon require a multi-step analysis. For private entities, Accounting Standards Update (ASU) 2014-09 [...]