Tax

/Tax

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

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 [...]

February 22nd, 2017|Tax|

Louisville Rental Housing Registry

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 [...]

February 17th, 2017|Tax|

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

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 [...]

February 15th, 2017|Tax|

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

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 [...]

February 14th, 2017|Manufacturing & Distribution, Tax|

Team Member Spotlight: Danielle Adair

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 [...]

February 13th, 2017|Tax|

What You Need to Know About the Tax Treatment of ISOs

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, [...]

February 9th, 2017|Tax|

Business Buy-Sell Agreements

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 [...]

January 24th, 2017|Tax, Uncategorized|

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

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 [...]

January 24th, 2017|Tax|

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

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 [...]

January 19th, 2017|Tax|

Help Prevent Tax Identity Theft by Filing Early

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 [...]

January 12th, 2017|Tax|