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  • 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!

  • New CPE requirements

    January 1, 2021

    New CPE requirements began on January 1, 2021. If you need further clarification, please contact the Kentucky State Board of Accountancy at cpa@ky.gov or visit cpa.ky.gov.

  • 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.

  • Legislative preview

    December 14, 2020

    The upcoming 30-day “short” session kicks off on January 5 and is slated to end on March 30. The session will be a whirlwind, as the General Assembly must tackle a budget, the unemployment insurance fund, COVID liability protections and several other important issues in only 30 days. Throughout the session, KyCPA will advocate for our members on tax, license, and general business issues, along with any other matter that may affect the CPA profession.

  • Five technology resolutions for 2021

    December 14, 2020

    For many, the holiday season is a time to look back and reflect on the year gone by – and what a year it was! But it is also a time to look forward, to plan, and to consider how we can do better in the coming year. Often, this results in making resolutions for the new year, and in that spirit, let us consider five technology resolutions that you might consider adopting for 2021.

  • 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.