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  • Employee Retention Credit ends early

    November 16, 2021

    On Monday, November 15, President Biden signed the Infrastructure Investment and Jobs Act, the bipartisan infrastructure bill, into law. This legislation contains $550 billion in new spending including funding for roads and bridges, railroads, improvements to the power grid, broadband expansion, water infrastructure, public transit, and airports. There were few significant tax implications included in the bill except for a provision that terminates the Employee Retention Credit (ERC) after September 30, 2021.

  • New tax credit incentive supports education choice

    July 19, 2021

    Because of the pandemic, the 2020-21 school year was very difficult for thousands of Kentucky elementary and high school students, but the heaviest burden fell on low-income students and families of color; those who have limited resources for educational choices. In future years,  Kentucky’s K-12 students will have choices for educational services thanks to the Education Opportunity Account (“EOA”) Act passed by the Kentucky 2021 General Assembly. 

  • Kentucky property taxes on commercial real estate

    July 19, 2021

    Property taxes, especially real property taxes, matter to businesses or non-profits with locations in Kentucky, because such taxes often present a material cost that may be either managed so that only the appropriate amount of tax is levied or avoided when an exemption applies.

  • KENTUCKY TAXPAYER PROTECTIONS' ROLE IN AUDITS AND APPEALS

    April 23, 2021

    As Abraham Lincoln once said, “It is . . . the duty of Government to render prompt justice against itself in favor of citizens. . . .” Calvert Invs., Inc. v. Louisville & Jefferson County Metro. Sewer Dist., 805 S.W.2d 133, 138 (Ky. 1991) (quoting Abraham Lincoln). Equally, in a tax audit, the tax auditor’s job is to determine the right amount of tax, regardless of whether the audit determines that the taxpayer paid that amount, too little or too much.

  • Tax Day for individuals extended to May 17

    March 18, 2021

  • Managing State Tax Challenges Facing Business

    February 5, 2021

    CPA Mark Loyd walks us through state revenues from businesses.

  • 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.

  • 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.