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Kentucky now taxes a range of services

TaxConnex

“Services” are generally not subject to sales tax while tangible personal property generally is subject to sales tax. Kentucky is the latest in terms of taxing specific services. The Bluegrass State looks to expand sales tax on what it calls high-growth services.

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Friday Footnotes: Tim Ryan Works Too Hard; Fake CPA Gets Violent Over QuickBooks Files; PwC PR | 10.20.23

Going Concern

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. Accounting enrollment for the past 10 years has been declining by 16.9% according to the National Center for Education Statistics (NCES), the primary statistical agency of the Department of Education.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

In the latest effort, CI special agents will host a series of educational sessions geared specifically to tax professionals about ERC at its field offices across the country. He also allegedly applied for multiple credit cards in his wife’s name without her consent, ran up debts on them, and did not pay them off, police claim.

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Friday Footnotes: The Future of the Profession Sounds Terrible; F Your Weak Salary Bump, EY; Intuit Axes 1,500 People | 7.12.24

Going Concern

Thomson Reuters ] In recent years, the tax, accounting, and audit profession has experienced a staffing crunch. Big 4 University of Kentucky to pay Deloitte $1.3M Big 4 University of Kentucky to pay Deloitte $1.3M Despite the cuts, the company plans to grow its overall headcount in the 2025 fiscal year and beyond.

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