Earlier in 2018, Kentucky Legislation passed House Bill 487 which brought substantial reform to the Kentucky Tax Laws. Among these changes were two specific adjustments that were made to move to a Single Sales Factor apportionment method and adapt to a Market-based sourcing approach. Proposed regulations submitted by Kentucky
Providing needed services and programming for individuals and families in need is what makes so many nonprofits essential to various communities. Whether it’s offering career training, educational support and enrichment programs for at-risk youth or housing solutions for those in transition, these organizations are critical in the lives of many.
Technology is advancing at a rapid pace and with it comes many changes and opportunities. In the last few years alone, construction companies have integrated new technologies into the workflow to reduce inefficiencies and streamline processes. The integration of tools such as drones, Building Information Modeling (BIM), virtual reality and
The Kentucky Department of Revenue recently released guidance regarding the deductibility of state taxes from Gross Income for Corporations. Kentucky Technical Advice Memorandum, KY-TAM-18-06, sheds some light as to which taxes are deductible and those that are not. KY-TAM-18-06 concludes that all state taxes not based on gross or