Category Archives: DMLO Report

Section 199 Deduction Approved for Construction Business

The Section 199 deduction for producing domestic products is often associated with the manufacturing industry. In fact, it is sometimes called the “manufacturer’s deduction.” But it doesn’t belong exclusively to manufacturers. Other industries, including construction, may take advantage of it. … Continue reading

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Metro Louisville Rental Property Registration Deadline Approaching

Metro Louisville rental property (housing) owners have until March 1, 2017 to register their rental units (including temporary rentals such as Airbnb, VRBO, one-time for  special events such as Derby/PGA, etc.) with Louisville Metro Government, according to a new ordinance. Failure … Continue reading

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Lunch and Learn: Tax Planning & Trump Impact

Jeff Calderon and Bea Rosenberg were invited to share insights on tax planning and the anticipated Trump impact on proposed tax reform, at the December Hurstbourne Area Business Association Lunch and Learn. Jeff’s year end tax planning tips covered much of the information … Continue reading

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Alert: ACA Deadline For Reporting To Employees Extended

The IRS has again extended the deadline for employers subject to the Affordable Care Act’s (ACA’s) information reporting requirements to meet their obligations to employees. Last year, the IRS extended the 2016 deadlines for reporting 2015 information, giving employers an … Continue reading

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Proposed IRS Regs Target Transfer of FLP Interests

If you’ve procrastinated on estate planning moves using family-controlled entities such as family limited partnerships (FLPs), take heed: Valuation discounts for lack of control and marketability on such transfers may be significantly reduced (or possibly eliminated) if recently proposed regulations … Continue reading

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FASB Unveils New Accounting Standard For Not-for-profit Entities

The Financial Accounting Standards Board (FASB) has issued the first major changes to the accounting standards for not-for-profits’ financial statement presentation in more than two decades. Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements … Continue reading

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Crowdfunding: Cash From The Masses

Straight to the people. Broaden the base. Get new players involved. No, it’s not a political campaign strategy session. It’s the premise behind a new and creative way of raising cash that’s gaining a lot of traction: crowdfunding.  Here, money … Continue reading

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