Tax Talk

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

Is your W-2 correct?

Employers are already working frantically to get out timely and accurate W-2s. Congress has changed the law requiring W-2s to be filed on or before January 31. You can expect your W-2 on or before January 31. However, this law change could result in little time to find errors. What you should do: 1. Immediately […]

Posted in CPA near Danville, KY, CPA near Lexington, KY, Individual Tax Tips, Tax Tips Tagged CONOVER & CONOVER, CPAs, PSC, CPAs, Harrodsburg, income taxes, PSC, W-2 Leave a comment

W-2 Reporting requirements for Health Care Costs

Employers, Requirements and voluntary reporting At the time of this writing, those of us who will have less than 250 W-2s this year are not YET required to report health care costs on the W-2s. Those employers with 250 or more W-2s are required to report it. However, nothing in this prevents employers from voluntarily […]

Posted in Business Tax Tips, CPA near Lexington, KY Tagged ACA, Affordable Care Act, Employers, Harrodsburg, Health Care Reform, ObamaCare, W-2 Leave a comment

Why Provide Written Notice about the Health Insurance Marketplace

Yes, there has been a lot of hype about the requirement for ALL employers to provide written notice about the Health Insurance Marketplace. Much of this hype has been promoted by companies wanting to sell you the “correct” wording and method to meet the requirement. But is that really necessary? Yes, if you are subject […]

Posted in Business Tax Tips, CPA in Harrodsburg, KY, CPA near Danville, KY, CPA near Lexington, KY Tagged Affordable Care Act, employee notice, Harrodsburg, health insurance, ObamaCare, Play or pay, 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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