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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Tax Cuts and Jobs Act: Qualified Business Income Deduction, Part 2

March 7th, 2018|

In Part 1 of this Tax Cuts and Jobs Act QBI deduction series, we discussed the computation of the deduction and the limitations on the deduction based on wages, property, and taxable income. In Part [...]

Tax Cuts and Jobs Act: Impact for Real Estate, Vol. 4

March 5th, 2018|

In our fourth installment, we will discuss the new expansion of the limitation on the deduction of interest expense. For tax periods beginning after December 31, 2017, the limitation has been expanded to include [...]

Tax Cuts and Jobs Act: Qualified Business Income Deduction Part 1

February 28th, 2018|

The Tax Cuts and Jobs Act includes a new deduction for individual business owners who conduct their activities through a sole proprietorship, partnership, or S corporation. Trusts and estates are also eligible to claim [...]

Tax Cuts and Jobs Act: Impact for Real Estate, Vol. 3

February 24th, 2018|

For the third installment of our series, we will discuss excess business losses and net operating losses for individual taxpayers. Previously, individuals offset business losses against all other income (subject to passive and basis [...]

IN PERSON: Jim Tencza — “We can help them make better decisions, better run their business”

February 21st, 2018|

See original article in Louisville Business First Jim Tencza said he didn’t come to Louisville to stay in Louisville. But after arriving here for college in the 1980s, he’s remained here and built an [...]

Tax Cuts and Jobs Act: Impact for Real Estate, Vol. 2

February 21st, 2018|

Previously, we discussed changes to and expansion of existing tax law. In this installment, we will be addressing tax law that is entirely new. As such, there are still areas that will require further [...]

Tax Cuts and Jobs Act: Excess Business Losses

February 14th, 2018|

As we continue our analysis of the Tax Cuts and Jobs Act (TCJA), we will address a provision that has not been widely reported, but could have an immediate impact in 2018 to certain [...]

Tax Cuts and Jobs Act: Focus on Impact for Real Estate

February 13th, 2018|

This is the first in a five-part series that highlights the segments of the newly enacted Tax Cuts and Jobs Act and how it impacts the real estate industry. We will focus on the [...]

Tax Cuts and Jobs Act: Itemized Deductions

February 8th, 2018|

As we continue our analysis of the TCJA, this week’s newsletter will focus on some of the more important individual tax changes, specifically those pertaining to itemized deductions. Every deduction indicated on Schedule A [...]

Tax Cuts and Jobs Act: Simplification or Complication?

February 5th, 2018|

By: Mike Shepherd Is the recent Tax Cuts and Jobs Act a simplification or complication? The short answer is yes. But how can it be both simplification and complication you ask? Congress works in mysterious [...]

2018 Business Risks and Opportunities Within the Mining Industry

January 29th, 2018|

Here are the key risks and opportunities for 2018: Technological Modernization Investment in mining technology has lagged behind the technological advancements of other sectors. These advancements range from automated production and data analysis [...]

Many Medicaid Recipients Must Now Work to Receive Coverage

January 28th, 2018|

As of January 12, 2018, Kentucky became the first state to require many of its Medicaid recipients to work in order to receive coverage. This new provision is effective beginning in July 2018. The [...]

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 [...]