Kentucky State Tax Updates

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Labor Day Weekend 2020: Where The Kentucky Derby, Dragon Con And Burning Man Go Virtual

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For example, the Kentucky Derby will be run on Saturday (Sept. And for those who want to have their own derby party, NBC Sports has released a “Kentucky Derby at Home Party Pack” for downloading.

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Bitcoin Daily: CoinZoom Crypto Exchange Debuts Visa Debit Card; Wave Financial To Offer Kentucky Bourbon Tokens As Investment

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In other news, Wave Financial has made deal with Wilderness Trail Distillery in Kentucky to tokenize bourbon barrels that are valued at as much as $20 million, CoinDesk reported. CoinZoom has officially rolled out an exchange and a CoinZoom Visa card, according to an announcement.

Wilkinson to Present at Kentucky Society of Public Accountants Spring Business Conference

Katz,Sapper&Miller

JC Wilkinson, a director in Katz, Sapper & Miller’s Business Advisory Group, will present at the Kentucky Society of Public Accountants Spring Business Conference

Restaurants Undergo Massive COVID-Era Redesign

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For example, Yum Brands ’ huge QSR stable of Taco Bell , Kentucky Fried Chicken and Pizza Hut is also going through a similar metamorphosis that focuses on how the food is ordered and delivered rather than on the food itself.

Reinventing Main Street, One Scoop Of Cookie Dough At A Time

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But West Kentucky University (WKU) junior Bailey Dahlquist was not satisfied living in a world in which all dough had to be baked to be servable, and he found a way to fix that problem. He opened Raw, the first raw cookie dough shop in the city of Bowling Green, Kentucky. But Chicago, a city of nearly 3 million people, unsurprisingly has somewhat more variety in its dessert offerings than Bowling Green, Kentucky — a city of approximately 65,000. .

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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

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Kentucky is one of the latest jurisdictions that could welcome the wagering. Reports out of the Bluegrass State say Damon Thayer , the Republican who serves as majority floor leader for the Kentucky State Senate, anticipates that lawmakers from both parties want to introduce pro-gambling legislation during the 30-day legislative session that starts January 8, 2019. “I The U.S.

Weirdness Is Currency In The Attention Economy

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Playing with one’s food is all part of the Kentucky Fried Chicken (KFC) value proposition. There was the Watt A Box that let customers charge their phone while eating dinner, the Gamers Box that came with a mount for the phone as well as controllers attached to the sides — and now, the KFO, short for Kentucky Flying Object. Retail attention economy Burger King Drones FCC Kentucky Fried Chicken marketing net neutrality News QSRs Taco Bell

Horse Racing On My Mind

RitaKeller

I had the opportunity to visit Claiborne Farm i n Bourbon County, Kentucky not far from Lexington, KY. Since the Kentucky Derby was still fresh in my mind, I was pleased that two very dear friends arranged the visit. “Remember that the most valuable antiques are dear old friends.”

BlueCats Kills A Dozen Birds With One Stone For Restaurateurs

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ResTech BlueCats BlueCats NOW GPS bluetooth fast casual Featured News full service hospitality Internet of Things Kentucky Fried Chicken kfc Kurt Nehrenz McDonald's mobile apps mobile order ahead Mobile Payments News Panera Bread Payment Methods quick-service restaurant automation Restaurant Tech Restaurant TechnologyNobody likes getting cold food delivered to their restaurant table.

State & Local Tax Update: 5/25/18

Katz,Sapper&Miller

The Kentucky legislature recently passed significant tax law changes with House Bill 366 and House Bill 487, including an overhaul to much of Kentucky’s corporate tax system and addressing the state’s conformity to the Tax Cuts and Jobs Act. These bills broaden Kentucky’s tax base through various income and sales tax provisions and introduce a flat income tax rate

Manchir to Speak at 2017 Annual Spring ESOP Conference

Katz,Sapper&Miller

Andy Manchir, director in Katz, Sapper & Miller’s ESOP Services Group, will speak at The ESOP Association’s Ohio/Kentucky Chapter 2017 Annual Spring Conference

Sales Tax on Shipping: When Does it Apply?

TaxConnex

But even a portion of taxable items renders a whole shipment’s shipping cost subject to sales tax in Kentucky, New Mexico, New York and Pennsylvania. In Kentucky, stating shipping separately avoids sales tax unless the seller makes the delivery.

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Vendor concessions/discounts can help pay to outsource sales tax obligations

TaxConnex

Kentucky’s cap is just $50 per month, South Dakota’s just $70. Collecting and remitting sales tax to states and other tax jurisdictions is time consuming and can be expensive. If only somebody could help you with the costs of managing it.

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What’s new in state sales and use taxes

TaxConnex

Some proposals call for cutting taxes temporarily: New York is considering exempting its 4% sales tax on gas, personal care products, housekeeping supplies and ready-to-eat foods for two years; Kentucky is considering cutting its sales tax 1% for a year.

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Flinchum and Manchir to Discuss ESOP Tax, Accounting, and Valuation Practices at Annual Great Lakes Regional ESOP Conference

Katz,Sapper&Miller

17-18 in Sandusky, OH, the conference brings together the Indiana, Michigan, Ohio, and Kentucky chapters of The ESOP Association to discuss current topics pertinent to the ESOP community Katz, Sapper & Miller’s Mark Flinchum and Andy Manchir will present at the Fifth Annual Great Lakes Regional ESOP Conference. Taking place Oct.

What’s new for state sales and use taxes

TaxConnex

Kentucky is considering gradually eliminating its individual income tax in favor of a broader sales tax. 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. Give us a break.

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Crypto, NFTs and sales tax: What we know so far

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Other states such as Georgia , Kentucky and Wyoming have floated sales tax incentives or exemptions for such things as data center equipment purchases or the costs of electricity. Sales tax has a universe of changing conditions.

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Charles, Curry to Present at Ohio Valley Society of Plastic Surgeons’ 2019 Annual Meeting

Katz,Sapper&Miller

The event will take place from May 31-June 2 in French Lick, IN and will bring together plastic surgeons from five states: Indiana, Kentucky, Ohio, Pennsylvania, and West Virginia Katz, Sapper & Miller’s David Charles and Lisa Curry will present at the Ohio Valley Society of Plastic Surgeons’ 2019 Annual Meeting.

Learn From History

RitaKeller

Last week we did a road trip (the first one since COVID) and visited Lincoln’s birthplace in Kentucky (and Jefferson Davis’ birthplace, also in Kentucky). “Always bear in mind that your own resolution to succeed is more important than any one thing.” – Abraham Lincoln.

Manchir to Discuss ESOP Feasibility at Great Lakes Regional ESOP Conference

Katz,Sapper&Miller

18-19 in Sandusky, Ohio, the conference will bring together the Indiana, Michigan, and Ohio/Kentucky chapters to discuss current topics pertinent to the ESOP community Andy Manchir, director in Katz, Sapper & Miller’s ESOP Services Group, will present at the 4th Annual Great Lakes Regional ESOP Conference. Taking place on Oct.

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What's new in May for state sales and use taxes

TaxConnex

Kentucky has enacted multiple tax changes , including expansion of the services subject to sales and use taxes. What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax.

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Three Small US Banks Collapse Over Past Month

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Louisa Community Bank of Louisa, Kentucky also shuttered on Oct. 25, and the assets were purchased by Kentucky Farmers Bank Corporation in Catlettsburg, Kentucky. The U.S. recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). The most recent failure was on Nov. 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6

5/9 Webinar: Understanding the Tax Benefits of Having a Transportation Per Diem Plan and How to Stay Compliant

Katz,Sapper&Miller

In this webinar conversation, hosted by the Kentucky Trucking Association (KTA) and Tennessee Trucking Association (TTA), KSM’s Randy Hooper and Troy Hogan will describe the tax benefits that per diem plans bring to the table. In the aftermath of tax reform, more carriers are considering implementing per diem plans which can provide clear payroll and income tax savings. However, running afoul of the IRS’s accountable plan rules can jeopardize these savings.

Monthly Review of What's New in Sales & Use Tax

TaxConnex

Kentucky saw sales tax receipts in April hit $486.5 There’s always something changing in the world of tax, especially sales tax. And 2021 continues to prove that. Here’s a review of some of the recent changes and updates.

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Google Faces Lawsuit From Multiple States Over Digital Ad Tactics

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In addition to Texas, states involved in the suit include Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah, WSJ reported.

Impossible Foods CFO David Lee Goes To AppHarvest

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The company expects to begin its first harvest from its flagship farm, which is a 60-acre facility growing tomatoes in Morehead, Kentucky, this month. There are other facilities in Kentucky, including a 15-acre location to develop leafy greens, the release stated.

Taco Bell Parent Yum Brands To Acquire Habit Restaurants

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Yum Brands, the parent company of fast-food chains Taco Bell and Kentucky Fried Chicken, plans to purchase fast-casual chain Habit Restaurants, which is the parent company of Habit Burger Grill, according to a report by The Wall Street Journal.

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

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In addition to Texas, states involved in the Paxton suit include other Republican attorneys general from Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah.

US Senate Fails To Pass Additional SMB Aid

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The Kentucky Republican sought unanimous approval for an additional $250 billion into a loan program for small businesses struggling to stay afloat during the COVID-19 crisis.

SBA Fund To Run Out Of Money Today Unless Congress Adds More

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As a result, the Kentucky Republican was unable to secure unanimous approval for the funding measure. For businesses that have not yet applied for a loan under the $350 billion federal stimulus program designed to mitigate the economic ravages of the coronavirus pandemic, it may be too late.

1.8M Americans File Unemployment Claims As Pandemic’s Total Tops 42M

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The largest increases in claims for the week ending May 23 were in Maine (11,941), Oklahoma (10,274), Michigan (7,859), Kentucky (6,417) and Oregon (4,913). Nearly 1.9

Weekly U.S. Jobless Claims Rise Slightly To 742,000 Even As Many Face Losing Benefits

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7 were in Washington (+7,683), California (+5,293), Massachusetts (+3,383), Alabama (+1,704) and Louisiana (+1,626), while the largest decreases were in Georgia (-13,426), Illinois (-6,357), Kentucky (-4,830), Texas (-3,934) and New Jersey (-3,725).

States, Cities Want $1 Trillion To Avoid Layoffs

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Governors of various states, including New Jersey and McConnell’s own home state of Kentucky, have chimed in saying that their states will definitely need more aid than what has already been given in the previous trillions of dollars of aid since the pandemic hit.

Midwest Retailer Meijer Signs With Instacart For Grocery Delivery

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The new service is now available for Meijer customers in Michigan, Ohio, Indiana, Kentucky, Illinois and Wisconsin. Online delivery platform Instacart is teaming up with regional Midwest retailer Meijer to provide same-day delivery of groceries.

Another 1.3M Americans Filed Jobless Claims Last Week; Total Now Stands At 49+M

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The largest increases in initial claims for the week ending June 27 were in Michigan (18,668), Indiana (15,496), Texas (7,046), Virginia (6,662) and Kentucky (5,794). The U.S.

The B2B Payments Fraud Threat Of Internal Employees

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According to local Kentucky Today reports, $1.5 million was embezzled from a Kentucky school district , pointing to a former finance director, now the subject of an FBI probe.

Amazon Air Expands In A Bid To Better Manage Shipping Logistics

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billion hub in Northern Kentucky, scheduled to be open in 2021. The new Kentucky location will have capacity for 100 planes. “We In a move to better control shipping and logistics, Amazon has been expanding Amazon Air, with 50 new planes and numerous regional hubs, according to a report by CNBC. The expansion includes a $1.5 Amazon now controls shipping about 26 percent of its online orders, according to Wolfe Research.

Largest U.S. Pizza Hut Franchisee Could Choose Bankruptcy

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Yum Brands also owns fast-food chains Taco Bell and Kentucky Fried Chicken. The largest franchisee of U.S. pizza chain Pizza Hut is reportedly considering options in the wake of financial woes, including bankruptcy. The news, reported by Bloomberg on Wednesday (Feb.

CSI, Featurespace Team Up To Fight Money Laundering

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Headquartered in Kentucky, CSI works with financial institutions (FIs) across the country to provide FinTech solutions. Computer Services, Inc. CSI) is partnering with Featurespace to advance a new cybercrime solution to fight money laundering.

New Unemployment Claims Down 48K To 709K

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31 were in Illinois (+20,377), Kentucky (+3,868), Pennsylvania (+3,768), Ohio (+3,766) and Kansas (+2,711), while the largest decreases were in Massachusetts (-8,470), Georgia (-6,442), New York (-5,883), Michigan (-3,067) and New Jersey (-2,500).

NCR Widens Regional Service With Purchase Of Midwest POS

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announced the acquisition of Midwest POS Solutions to expand its presence in Kentucky and Indiana, as detailed in a press release on Monday (Oct. The Indiana- and Kentucky-based Midwest POS technology company has been serving the restaurant industry for more than 75 years. NCR Corp. Midwest POS is among the first NCR Aloha dealers. The acquisition will expand NCR’s service to 1,000 restaurants in the region.

Mall Sector Gets More Bad News; Neiman To Cut Staff

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The developments have been substantiated by financial trouble at one of the company’s properties in Kentucky. According to real estate news site The Real Deal , Brookfield is over 90 days past due on its $90 million loan for the Florence Mall in northern Kentucky.