The clock is ticking on an important benefit available through the Kentucky Opportunity Zone investment program. Investing in a Qualified Opportunity Fund (QOF) before December 31, 2019 will allow you to take advantage of a 15% permanently excluded taxable gain … Continue reading
The FASB issued two Accounting Standards Updates (ASUs) earlier this month that finalize various effective date delays for standards on leases, current expected credit losses (CECL), hedging, and long-duration insurance contracts: ASU 2019-09, Financial Services—Insurance (Topic 944): Effective Date, ASU … Continue reading
With immense sadness, we share the news that founding partner John Livesay has passed from this life, at the age of 80, on September 9, 2019. Leaving a successful career at a national firm, Mr. Livesay, along with Joel Deming, … Continue reading
The Governor has signed House Bill 354, effective immediately, which includes relief on sales tax regulations for Kentucky nonprofits. House Bill 354 exempts organizations from collecting sales tax on most of the sales of admissions to events and activities sponsored … Continue reading
The IRS will begin processing tax returns on Monday, January 28, 2019, and has confirmed that 2018 tax refunds will be issued to taxpayers as scheduled. “We are committed to ensuring that taxpayers receive their refunds notwithstanding the government … Continue reading
College accounting students: we’d like to invite you to join us for our expanded 2018 Student Leadership Program. Learn about #CPALife, our firm, how to have an awesome interview, and the skills you need to be recognized as a leader. Continue reading
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will … Continue reading
We were recently recognized once again by Business First as one of the most generous medium-sized companies in our area, at the Louisville Partners in Philanthropy Awards luncheon at the Seelbach Medallion Ballroom. See photos from the awards luncheon here. Excerpts from … Continue reading
We recently invited students from several area universities to join us for a leadership program. Enjoy our highlight gallery, and check out the great feedback we received from participants. “Thank you so much for giving me the opportunity to … Continue reading
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
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
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
At our annual State of the Firm staff meeting, President Chris Ward announced the promotion of Mike Cook to Director, effective October 2016. Mike joined DMLO in 2001, and heads up the firm’s construction niche. He specializes in employee benefit … Continue reading
President Chris Ward accepted an award recently at the Business First Corporate Philanthropy luncheon, recognizing the firm as one of the ten most generous companies in Louisville in the mid-size category. See photos from the event here.
Last year marked our 40th anniversary, and to celebrate that milestone and the legacy of service our founders began, we chose to organize a DMLO Day of Service, sending teams out to share their time and talents with various not-for-profits. … Continue reading
We are honored to once again receive the prestigious When Work Works award, one of only 8 companies in Kentucky and 351 nationwide to be recognized for our effective workplace practices. Continue reading
As you might expect, you can incur IRS penalties if a tax return is not timely filed or a tax liability is not timely paid. The rules are often complex; however, you may avoid a penalty if you can show reasonable … Continue reading
Over the past few months, the Department of Labor (DOL) has been sending out emails to plan sponsors regarding the importance of audit quality. This communication stresses that the selection of a qualified CPA with the expertise to perform the … Continue reading
With year end right around the corner, Congress passed the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). The act extended numerous tax breaks that had expired December 31, 2014, and the President signed it into law … Continue reading
October marked our 40th anniversary of serving the Louisville area community. In addition to honoring the event with a DMLO Day of Service, we shared a wonderful evening of dinner, dancing and celebration at the Olmsted with many of the people that have poured their heart, soul and talents into creating the successful firm we have today. Here are a few highlights from the evening. Continue reading
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