Going Concern
JANUARY 26, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Indeed, trust is not built on mitigating risks alone. million from the federal government.
ThomsonReuters
AUGUST 29, 2023
Children of any age are generally permitted to work for businesses entirely owned by their parents, except those under age 16 may not be employed in mining or manufacturing and no one under 18 may be employed in any occupation the Secretary of Labor has declared to be hazardous.
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TaxConnex
JANUARY 26, 2023
Gary Bingel, partner-in-charge for state and local taxes in accounting firm EisnerAmper’s State and Local Tax National Tax Group, made several predictions for 2023 in sales and other taxes. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Crystal ball time.
ThomsonReuters
OCTOBER 19, 2022
In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans. 48D advanced manufacturing (“CHIPS”) credit.
Wendy Tietz
SEPTEMBER 15, 2022
Smucker Company (Smuckers) issued a voluntary recall in 2022 for several Jif peanut butter products manufactured in its Lexington, Kentucky, manufacturing facility. Jif peanut butter products were potentially linked to a multistate outbreak of Salmonella.
TaxConnex
JUNE 9, 2022
States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. Kentucky has enacted multiple tax changes , including expansion of the services subject to sales and use taxes. Time for a renovation?
PYMNTS
SEPTEMBER 23, 2019
Vendors even made payments to Jelfo’s credit card accounts, according to reports in patch.com. Enerblu in turn existed simply as a firm domiciled in Kentucky that was, according to a suit, never more than “drawings on a piece of paper.” The investment firm Dapco LTO Investment, based in Florida, invested $3 million in Enerblu.
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