Today it’s becoming more common to work from home. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. Eligibility Requirements If you’re an employee, your use of your home office must be for your https://deandorton.com/deduct-home-office-expenses-youre-eligible/
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CMS Updates Price Transparency Penalty
On November 2, 2021, the CMS released the Calendar Year 2022 Hospital Outpatient Prospective Payment System (OPPS) and Ambulatory Surgical Center (ASC) Payment System final rule. In this final rule, the civil monetary penalties (CMP) for https://deandorton.com/cms-updates-price-transparency-penalty/
Rising Healthcare Costs…What Can I Do?
Most companies want to provide their employees with the best medical benefit coverage; however, healthcare costs and the cost of medical insurance continue to increase. One way to help reduce your costs is a dependent eligibility verification https://deandorton.com/rising-healthcare-costs-what-can-i-do/
2021 Year End Tax Planning Tips
Tax planning for 2021 is just as complicated as it was for 2020 for many due to the following major factors: The impact on business profits, cash flow, and activity of the continued COVID-19 pandemic and the related government assistance programs, https://deandorton.com/2021-year-end-tax-planning-tips/
Key Considerations for Leases Under the New Leasing Standard in Construction
In 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 changing the way companies account for leases. In 2020, the FASB issued ASU 2020-05 that delayed the effective date of the new leasing https://deandorton.com/changing-the-construction-standard-asc-845-leases/
The Importance of Revenue Cycle Management in Healthcare
In order to deliver quality patient care — and succeed financially while doing it — healthcare providers today face unparalleled challenges. Increased operating costs and competition, evolving regulatory issues, complex billing, and a global https://deandorton.com/revenue-cycle-management-healthcare-importance/
Highlights of FASB’s ASU 2015-11
Inventory (Topic 300): Simplifying the Measurement of Inventory In July, the Financial Accounting Standards Board (FASB) issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory, which requires entities to measure https://deandorton.com/highlights-of-fasbs-asu-2015-11/
Dean Dorton Celebrates its Sixth Year of IGNITE
Dean Dorton’s annual IGNITE Summer Leadership Conference, held on July 12-14, 2023, took on a new look this year as we welcomed one of our biggest IGNITE classes to date and incorporated even more hands-on experiences. This year, Dean Dorton had the https://deandorton.com/dean-dorton-celebrates-its-sixth-year-of-ignite/
California Takes the Lead: New Bills Promote Climate Risk Awareness
In an era of increasing climate awareness, California has passed two landmark bills, SB253 (Climate Corporate Data Accountability Act) and SB261 (Climate-Related Financial Risk), aimed at promoting climate risk awareness and corporate responsibility. https://deandorton.com/california-takes-the-lead-new-bills-promote-climate-risk-awareness/
Net Working Capital and its Impact on Valuation
Most business owners understand the concept of an earnings multiple or an income-based approach to valuing their operating company. As a valuation expert, many of the questions asked when reviewing the report involve the concept of net working https://deandorton.com/net-working-capital-and-its-impact-on-valuation/