Tax Talk

2026 IRS Mileage Rates

The 2026 Mileage Rates [Caution: check back around Christmas. This is subject to change]. Beginning on Jan. 1, 2026, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:• 70 cents per mile for business miles driven.• 21 cents per mile driven for medical or moving purposes.• […]

Posted in Business Tax Tips, CPA in Harrodsburg, KY, CPA near Danville, KY, Individual Tax Tips, IRS Updates Tagged CONOVER & CONOVER, CPAs, PSC, CPAs, mileage rate, PSC, Recordkeeping, Small Business Taxes Leave a comment

2025 IRS Mileage Rates

The 2025 Mileage Rates Need rates for earlier years?  Click here. Beginning on Jan. 1, 2025 the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:• 70 cents per mile for business miles driven.• 21 cents per mile driven for medical or moving purposes.• 14 cents per […]

Posted in Business Tax Tips, CPA in Harrodsburg, KY, CPA near Danville, KY, Individual Tax Tips, IRS Updates Tagged CONOVER & CONOVER, CPAs, PSC, CPAs, mileage rate, PSC, Recordkeeping, Small Business Taxes Leave a comment

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

Finding Conover & Conover CPAs, PSC… We don’t mean to be difficult.

Where are you? Where is East Street? I’m on East Street, but I don’t see 116? Is East Street one way? Where do I park? These are all questions we hear frequently. And we would like to help you out BEFORE you get lost. We are located at 116 S. East Street. East Street runs […]

Posted in Company News, CPA in Harrodsburg, KY, CPA near Danville, KY, CPA near Lexington, KY, FAQ Tagged Conover & Conover, CPAs, PSC, CPAs, Employers, Harrodsburg, income taxes, Sales Tax, Small Business Taxes, tax preparation, W-2 Leave a comment

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