tax law

Kentucky Tax Overhaul: Changes Affecting Businesses

Changes Affecting Businesses Corporation income tax rates (for C Corporations) have also been graduated in the past, going from 4% to 6%. This graduated system has been replaced by a flat tax of 5%. For…

Kentucky Tax Overhaul: Changes For Individuals

Updates & Alerts

Not to be outdone by the feds, the Kentucky Legislature at the last possible moment in the 2018 legislative session passed a tax overhaul bill. This bill had numerous provisions that will affect both individuals…

Tax Cuts and Jobs Act: Business Owners Summary by Rick Fields

Advice & Resources

I had indicated in an earlier blog post that the provisions of this new law for small business owners are anything but simple. There are numerous provisions, most of which will be beneficial, but only if…

Summary of the Tax Cuts and Jobs Act by Rick Fields

Advice & Resources

General Overview This multifaceted legislation was passed by Congress during the week prior to Christmas, 2017. While there have been tax bills of some type virtually every year, this bill is the most comprehensive in…