Yearly Archives: 2016

Qualified Small Employers Now Have HRA Option

Posted on December 29 2016 by Sarah Antle

The 21st Century Cures Act, signed into law on December 13, 2016, includes good news for small businesses that have been prohibited in recent years from providing their employees with Health Reimbursement Arrangements (HRAs). Effective January 1, 2017, qualified small … Continue reading →

Posted in DMLO Report | Tagged 21st Century Cures Act, ACA, health reimbursement account, HRA, Obamacare, QSEHRA | Leave a comment

DMLO CPAs Announces Sponsorship of #LIBABizExpo

Posted on December 20 2016 by DMLO CPAs

We are excited to once again team up with the Louisville Independent Business Alliance to sponsor the 2nd annual Louisville Local Business Expo, an all local and independent business showcase. Over 70 local businesses will be represented, along with a … Continue reading →

Posted in Firm News | Tagged #LIBABizExpo, Buy Local, Keep Louisville Weird, LIBA, Louisville original | Leave a comment

2016 Holiday Celebration

Posted on December 19 2016 by DMLO CPAs

We took a break from the office last week to enjoy some delicious food, celebrate the holidays, and have a bit of fun at Sawyer Hayes Community Center. Here are a few of the highlights we captured at the luncheon: … Continue reading →

Posted in Culture | Tagged #DMLOFun, celebrations | Leave a comment

Lunch and Learn: Tax Planning & Trump Impact

Posted on December 15 2016 by DMLO CPAs

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 →

Posted in DMLO Report | Tagged A Better Way blueprint, tax tips, Trump Tax Plan, year end tax planning | Leave a comment

2016 Year End Tax Strategies With Tax Cuts On The Horizon

Posted on December 15 2016 by Jeff Calderon

There is a strong possibility that federal tax cut legislation will become law sometime in 2017. It could also be delayed until 2018 due to difficult negotiations or intervening events, or it could eventually be tabled indefinitely, except for a few … Continue reading →

Posted in DMLO Report | Tagged A Better Way blueprint, tax tips, Trump Tax Plan, year end tax planning | Leave a comment

DMLO CPAs Congratulates Business of the Year Winners

Posted on December 12 2016 by DMLO CPAs

DMLO CPAs was pleased to partner with Louisville Business First to honor 21 outstanding businesses and nonprofit organizations that have demonstrated excellence in 2016, at an awards gala at the Henry Clay last Thursday. In its 12th year, the Business … Continue reading →

Posted in DMLO Report, Featured | Tagged Business of the Year, Eagle Award of Excellence | Leave a comment

Alert: ACA Deadline For Reporting To Employees Extended

Posted on December 12 2016 by Jenny Lamkin

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 →

Posted in DMLO Report | Tagged ACA Deadline, Form 1095-B, Form 1095-C, IRS, Sec. 6056 | Leave a comment

Y/E Tax Tip: Sell Investments At A Loss To Offset Capital Gains

Posted on December 2 2016 by DMLO CPAs

Selling investments that are currently worth less than what you paid for them and are held in taxable brokerage accounts may allow you to lower your 2016 tax bill. Why? Because you can offset the resulting capital losses against capital … Continue reading →

Posted in Tax Bites | Tagged capital gains, capital losses, investments, tax tips, year end tax planning | Leave a comment

Y/E Tax Tip: Take Advantage Of 50% First-Year Bonus Depreciation

Posted on December 1 2016 by DMLO CPAs

For qualified new assets (including software) that your business places in service in calendar year 2016, you can claim 50% first-year bonus depreciation. (Used assets don’t qualify.) This break is available for the cost of new computer systems, purchased software, … Continue reading →

Posted in Tax Bites | Tagged bonus depreciation, tax tips, year end tax planning | Leave a comment

Y/E Tax Tip: Elect Sec. 179 On Fixed Asset Purchases

Posted on November 30 2016 by DMLO CPAs

Sec. 179 of the Internal Revenue Code is very beneficial if you need to purchase fixed assets, such as equipment, software and leasehold improvements. For tax years that begin in 2016, the maximum Sec. 179 first-year depreciation deduction is $500,000. … Continue reading →

Posted in Tax Bites | Tagged Sec. 179, tax tips, year end tax planning | Leave a comment

Y/E Tax Tip: Buy Heavy Vehicles

Posted on November 29 2016 by DMLO CPAs

Purchasing a gas-guzzling SUV, pickup or van for your business may be seen as bad for the environment. But these heavy vehicles can be useful if you need to haul people, equipment and other things around as part of your … Continue reading →

Posted in Tax Bites | Tagged bonus depreciation, heavy vehicle, Sec. 179, tax tips, year end tax planning | Leave a comment

Y/E Tax Tip: Defer Corporate Income and Accelerate Expenses

Posted on November 28 2016 by DMLO CPAs

If your business operates as a regular C corporation, corporate tax rates for 2017 are currently scheduled to be the same — IF the new Congress makes no tax law changes. With an expectation that your corporation will pay the … Continue reading →

Posted in Tax Bites | Tagged tax tips, year end tax planning | Leave a comment

Federal Judge Blocks New Overtime Pay Rule

Posted on November 23 2016 by DMLO CPAs

Texas Federal Judge Amos Mazzant issued a nationwide preliminary injunction last night, blocking the Department of Labor’s new overtime pay rule, and putting into peril one of President Obama’s signature accomplishments in respect to boosting wages. The new overtime pay … Continue reading →

Posted in Featured | Tagged DOL, overtime pay rule | Leave a comment

QuickBooks Online Tricks and Tips

Posted on November 15 2016 by Dianne Morris

by Dianne Morris and Teresa Goodman Using QuickBooks Online can be easier when you know some handy tricks and tips. Here are five that can be incorporated into everyday use: Entering Non-Check Transactions When you are entering non-check items, use the … Continue reading →

Posted in DMLO Report | Tagged QuickBooks Online | Leave a comment

Major Tax Law Changes Likely With President Trump

Posted on November 11 2016 by DMLO CPAs

Election outcome likely to result in major tax law changes The unexpected election of Donald Trump as President, along with Republicans retaining control of both chambers of Congress, will likely result in an overhaul of the U.S. tax code. Based … Continue reading →

Posted in Featured, Tax Alerts | Tagged President Trump, tax law changes, tax reform | Leave a comment

IRS Scam: Fake CP2000 Notices

Posted on November 3 2016 by Steve Custer

The IRS has received numerous reports of a scam involving fake CP2000 notices being sent to taxpayers, billing them for unpaid taxes related to the Affordable Care Act. Generally, the scam involves an email that includes the fake CP2000 as … Continue reading →

Posted in Tax Alerts | Tagged CP2000, IRS scam | Leave a comment

7th Annual Halloween Event

Posted on November 1 2016 by DMLO CPAs

October 31st is always a fun day at DMLO! We hosted our 7th Annual Halloween Event, which included a luncheon, contests, and opening up our office for #DMLOKids to come trick or treating. Contest Results: 1st place winners of the … Continue reading →

Posted in Culture | Tagged #DMLOFun, #DMLOKids, halloween | Leave a comment

Kicking Butt With The Colon Cancer Prevention Project

Posted on October 27 2016 by DMLO CPAs

We kicked off this morning at the Kicking Butt Over Breakfast friendraiser event benefiting the Colon Cancer Prevention Project. The CCPP was founded in 2004 by Dr. Whitney Jones, a Louisville gastroenterologist with a passion for preventing colon cancer. Dr. … Continue reading →

Posted in DMLO Cares | Tagged colon cancer prevention project | Leave a comment

#OYEA: CNPE Pyramid Awards Awesomeness

Posted on October 26 2016 by DMLO CPAs

The Center for Nonprofit Excellence held their 16th Annual Nonprofit Conference and Pyramid Awards of Excellence Luncheon today at the Galt House. The theme was Owning Your Everyday Awesomeness (#OYEA). The Pyramid Awards bring together nonprofit professionals, philanthropists, and community leaders … Continue reading →

Posted in DMLO Cares | Tagged #BeExcellent, #cnpe2016, #DMLOCares, #OYEA, Art of Collaboration, cnpe, pyramid awards | Leave a comment

Buy Local: Kentuckianaopoly

Posted on October 25 2016 by DMLO CPAs

Searching for that uniquely perfect Christmas gift? Look no further! For a mere $25, you can: Support teen entrepreneurs Fund local scholarships and charities Share the joy of a favorite classic board game with family & friends Display a great … Continue reading →

Posted in DMLO Cares | Tagged Kentuckianaopoly | Leave a comment

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