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About Dean Dorton

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So far Dean Dorton has created 1016 blog entries.

More IT compliance requirements headed your way (NIST 800-171 CUI Security)

The world of cybersecurity is constantly changing. As soon as you feel content with your controls and processes, a new threat arises or new requirements are published. This article summarizes the FSA's recent letter concerning Controlled Unclassified Information (CUI) and the related cybersecurity requirement.

2021-06-28T13:38:21-04:00March 18th, 2021|Cybersecurity, Higher Education, Technology|

A simplified approach to the Employee Retention Tax Credit (ERTC)

Having trouble understanding the Employee Retention Tax Credit? You're not alone. Luckily, Kaydee Ruppert, Dean Dorton Accounting & Financial Outsourcing Manager, put together a short guide to help you navigate and maximize the opportunity presented by the ETRC.

Kentucky General Assembly makes expenses paid with Paycheck Protection Program (PPP) loans deductible

On Friday, March 12, 2021, the Kentucky General Assembly passed House Bill 278, providing deductibility for Kentucky tax purposes of expenses paid with PPP loans. The same bill provides for the exclusion from taxable income and deductibility of expenses paid with Economic Injury Disaster Loan advances.

Shuttered Venue Operator Grants are enhanced by the American Rescue Plan

The third round of significant COVID-19 stimulus funding was signed into law on March 11, 2021. The American Rescue Plan provides more money for Shuttered Venue Operator Grants and relief for venue operators from the looming deadline for Paycheck Protection Program loans.

The American Rescue Plan launches Restaurant Revitalization Grants

The American Rescue Plan Act addresses a plethora of issues and industries, from vaccinations and testing to schools and airlines. It also provides much needed relief for the beleaguered restaurant industry through Restaurant Revitalization Grants.

American Rescue Plan extends the employee retention credit and tax credits for paid sick and family leave

The third round of significant COVID-19 stimulus funding was signed into law on March 11, 2021. The American Rescue Plan includes many items, including extensions of the ERC and tax credits for paid sick and family leave, the focus of this article.

2021-04-07T20:06:38-04:00March 12th, 2021|COVID-19, COVID-19 Business, COVID-19 Tax|

A last-minute expansion of the Paycheck Protection Program (PPP) via the American Rescue Plan

The American Rescue Plan expands eligibility for Paycheck Protection Program loans to several types of organizations, including labor unions and agricultural organizations, and adds $7.5 billion in funding for those entities. Qualifying organizations must act quickly as the application deadline is March 31, 2021.

The American Rescue Plan – Higher Education

The third round of significant COVID-19 stimulus funding was signed into law on March 11, 2021. The American Rescue Plan Act of 2021 (ARP) includes various items, including aid for vaccinations and testing, state and local governments, schools, rental assistance, agriculture, and the airline industry. This article focuses on the higher education components.

2021-04-07T20:06:39-04:00March 11th, 2021|COVID-19, Higher Education|

New Rules for Sole Proprietors, and Time is Running Out!

Act Immediately to Get a Paycheck Protection Program Loan.

The deadline for Paycheck Protection Program (PPP) loans is March 31, 2021, and many lenders will quit accepting applications as early as next week to process what is in their pipeline. For these reasons, it is imperative that any business or organization that qualifies for a PPP loan, first or second draw, apply immediately.

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