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  • KyCPA COVID-19 Quick Pulse Survey results

    May 12, 2021

    This is the final report in a series of benchmarking collaboratives conducted by Avenue M Group (Avenue M) on behalf of more than a dozen state CPA societies from across the United States. At the end of April through early May 2020, 18 CPA societies took part in the first round of a COVID-19 Quick Pulse Survey, and 14 of the societies elected to participate in a second round of the survey in September of 2020. The third and final round of the survey was fielded in January of 2021, and 15 state CPA societies partook in the research. The following report is an analysis of the continued impact of COVID-19 on the CPA profession based on the data collected from these surveys.

  • KyCPA Board of Directors: 2021-2022 nominations announced

    May 12, 2021

    KyCPA Board member nominees for terms ending 2024: Jim Stevison, – Chair-elect, Carrie Owens, Lee Ann Watters, Shelby Howell and Adam Davey.

  • 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.

  • 2021 LEGISLATIVE RECAP

    April 23, 2021

    Throughout the 2021 General Assembly, KyCPA reviewed the nearly 900 bills, met with legislators, and joined forces with other business organizations to ensure your interests were represented at the Capitol. As a result of these efforts, KyCPA was successful in many areas and several KyCPA priorities saw final passage.

  • Tax Day for individuals extended to May 17

    March 18, 2021

  • Kentucky Cities: Compliance with laws and regulations checklist

    March 17, 2021

    NOTE: This checklist does not contain the complete specifics of the applicable KRS. Readers should consult the statute for the exact technical requirements.

  • CPA Evolution

    February 25, 2021

    CPA Evolution is a joint initiative of the National Association of State Boards of Accountancy (NASBA) and the American Institute of Certified Public Accountants (AICPA). The initiative is transforming the CPA licensure model to reflect the rapidly changing skills and competencies the accounting profession requires today and will require in the future. It will put in place a flexible and adaptable licensure approach that will serve as the foundation for future-proofing the CPA profession.

  • 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.

  • 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.