Lowering Kentucky’s individual income tax and expanding the base of services subject to sales tax was a point of emphasis during the 2022 Session of the Kentucky General Assembly. This article provides answers to a few frequently asked questions we've encountered about the tax changes, which became effective January 1, 2023.
This article contains the latest information regarding the Inflation Reduction Act (IRA) that was signed into law August 16, 2022 by President Biden.
The state will now match employer-provided child care credits, which is exciting news for parents and an important opportunity for nonprofits in particular.
In its 2022 Regular Session, the General Assembly made several tax changes that impact the average Kentuckian. In this article, learn about two new taxes aimed at our evolving economy, and changes to the state's transient room tax, which typically applies to hotels.
A lot of major tax changes were made in KY's last legislative session. This article gives you the scoop on the tax amnesty program established in House Bill 8.
Among the changes the Kentucky General Assembly made during its last legislative session, expanding the tax base was a point of emphasis. This article describes the 35 new services that will be subject to sales and use tax starting in January 2023.
When the Kentucky General Assembly adjourned its 2022 Regular Session on April 14, 2022, it left in its wake at least one change, of varying consequence, to every major Kentucky tax. In House Bill 6, the Legislature changed, as of January 1, 2022, the assessed value of used motor vehicles. What do those changes mean for the average Kentuckian? Read more to find out.
During its last legislative session, the Kentucky General Assembly made changes to income taxes for individuals and corporations. Read more to learn what changes took place, and how they may impact you!
Micro share ownership of horses is making it more affordable for the average person to own a part of a horse. However, most people probably do not consider the tax implications of owning shares of a horse. Below we discuss the various ownership types and related taxes.
While most federal tax regulations did not change in the past year there are some 2021 tax reminders for equine industry participants that are important to remember when filing taxes.
