Adam Rogers, CPA, is an audit senior and shares advice for those working towards a career as a CPA.
Julia Grubbs, CPA, is a brewery consultant and shares advice for those working towards a career as a CPA.
Each Issue in 2024 of The Kentucky CPA Journal will contain historical content in celebration of our 100-Year anniversary. In this issue the focus is the first 25 years of the Kentucky Society of CPAs and the CPA profession in Kentucky during that time. On June 19, 1924, W.A. Hifner, Jr., J. W. R. Bradford, and J. H. Youtsey, as the incorporators, obtained a corporate charter from the Secretary of State.
We celebrate our leaders all year-round but for March in honor of Women's History Month, we pay tribute to the remarkable women who have led the Kentucky Society of CPAs as Board Presidents and Chairs.
The federal income tax has changed radically since its inception in 1861 during the Civil War. The tax rate was a flat 3 percent on income over $800, later repealed in 1872; then, the 16th Amendment took effect on February 25, 1913, which established Congress’ right to impose a federal income tax, which is still in effect today. Ironically, the Titanic sank not even a year prior, on April 15, 1912. Even though the first tax return under the 16th Amendment was due March 1, I have always believed that the Titanic sinking on the ultimate IRS deadline may have foreshadowed how many taxpayers feel about this recognizable date each year. Looking back over the last hundred years of the Accounting Profession in Kentucky, we want to highlight a few interesting facts in federal tax history, starting with the 1924–1949 era, compared to where we are now.
Abby Rich, CPA, shares advice for those working towards a career as a CPA.
KyCPA's 100-Year Anniversary Celebration has begun! At the Holiday Luncheon on December 8, 2023 we officially kicked off our celebration. Throughout the upcoming year, we invite you to join us on a journey through the rich history of CPAs in Kentucky and toward the promising future of your noble profession. Visit kycpa.org/100 and explore the many ways we are commemorating this milestone. On June 14, we'll be hosting a dazzling party with a Roaring 20s theme at the Olmsted, in Louisville starting at 6 p.m. Embrace the Roaring 20s theme and come dressed to impress! It promises to be an unforgettable evening featuring dinner, music and dancing. Tickets are $50 per person, you may reserve a table or be a Table Sponsor. For those looking to contribute more to this momentous occasion, we have additional sponsorship opportunities.
Lauren Smart, CPA, is an assurance specialist and shares advice for those working towards a career as a CPA.
Lauren Duncan, CPA, is a tax accountant and shares advice for those working towards a career as a CPA.
Nate Littles, CPA, is a tax manager and shares advice for those working towards a career as a CPA.
