Tax Talk

Kentucky Use Tax

What is use tax?Kentucky use tax is a tax on tangible personal property and digital property used in Kentucky upon which the sales tax has not been paid. In other words, it is a sort of “backstop” for the sales tax.  Tangible personal property is basically any property that you can touch other than real estate. What […]

Posted in Business Tax Tips, Individual Tax Tips, Tax Tips, Uncategorized Tagged Danville, Harrodsburg, Lexington, new business, Small Business Taxes Leave a comment

7 things you need to know if you are opening your new business in Harrodsburg, Danville, Nicholasville or Lexington.

If you plan to start a new business, or you’ve just opened your doors, it is important for you to know your federal, state and local tax responsibilities. The IRS has provided five tips in its Tax Tip. We’ve added two at the end. Tax Tips if You’re Starting a Business Here are five basic […]

Posted in Business Tax Tips, CPA in Harrodsburg, KY, CPA near Danville, KY, CPA near Lexington, KY, Tax Tips Tagged CONOVER & CONOVER, CPAs, PSC, corporation, CPAs, Danville, Employers, Harrodsburg, Kentucky, Lexington, LLC, Local Tax, new business, PSC, Recordkeeping, Small Business Taxes, W-2 Leave a comment

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