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  • Update on HB 278: Paycheck Protection Program expense deductibility

    February 10, 2021

    HB 278 addresses the PPP expense deductibility issue and passed out of the House Appropriations and Revenue Committee and is headed to the House floor. If you are supportive of HB 278 contact your legislator to let them know that you support HB 278.

  • BUILDING YOUR PERSONAL BRAND

    February 5, 2021

    One of the most important aspects of growing your career is intentionally building your personal brand. This article covers: What is a personal brand? Why focus on your personal brand? How to build it?

  • NEXUS: WHAT IS IT AND WHY DOES IT MATTER?

    February 5, 2021

    Nexus is a term used for “connection” or “presence” in a state. For a state to impose its income or sales tax on an out-of-state business, there must be a requisite level of connection between the state and the business. The U.S. Supreme Court requires substantial nexus under the Commerce Clause and sufficient contacts under the Due Process Clause. Over time, states have developed and applied differing nexus standards subjecting companies to tax based on physical presence or certain economic connections to the state.

  • STRATEGIC PLANNING FOR BUSINESS

    February 5, 2021

    Every business needs a strategic plan in order to thrive, and this has never been truer given the current economic environment.

  • Managing State Tax Challenges Facing Business

    February 5, 2021

    CPA Mark Loyd walks us through state revenues from businesses.

  • 3 approaches for reporting PPP forgiveness on financial statements

    January 20, 2021

    The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) created a new lending program, the Paycheck Protection Program (PPP), under Section 7 (a) of the Small Business Act (15 USC 636) to provide low-interest loans to certain small businesses. PPP loans are eligible for forgiveness if the requirements specified in the CARES Act regarding use of funds, employee retention and maintenance of salaries are met.  The question becomes, during these unprecedented times: How is PPP loan forgiveness reported on financial statements?

  • SBA re-opening Paycheck Protection Program

    January 13, 2021

    SBA re-opening Paycheck Protection Program to small lenders on Friday, January 15 and all lenders on Tuesday, January 19!

  • Keeping up with RPA and the audit function

    December 16, 2020

    Automation is discussed so often in the context of accounting and audit services that it’s become something of a cliché. But dismissing the trend as just another buzzword misses the bigger picture.

  • Survival guide to auditing during a pandemic

    December 16, 2020

    It’s a new world out there; a COVID-19 world. While the masses are fighting the virus, accounting professionals are embracing a virtual work environment — and that includes conducting remote audits.

  • Manufacturing supplies sales tax

    December 14, 2020

    Manufacturing sales tax exemptions are important to Kentucky manufacturers. Currently, the Kentucky Court of Appeals is considering Century Aluminum pf Kentucky, GP v. Department of Revenue, No. 2020-CA-0301, which concerns the manufacturing supplies sales tax exemption. The appeal has been briefed.