The State of Kentucky is once again offering the Endow Kentucky Tax Credit, which allows those who take part in the program a unique opportunity to receive a state tax credit toward Kentucky income tax. The program is open to corporations and limited liabilities as well as individuals, and the
Growing and protecting wealth is a critical part of a successful retirement planning strategy – but the options and associated decisions seem endless. How do you know you’re making the right choices? Watch that first step The first step – and one of the most important – is choosing the
COVID-19 created challenging financial conditions for businesses, individuals, and families alike, with stay-at-home orders and mandated closures forcing many businesses to cut hours, enforce furlough, or terminate employees. This had a cascading effect on income and savings as many of those impacted turned to distributions or plan loans to bridge
Q: What’s the goal of the current tax proposals? A: Overall, the Biden administration’s tax proposals seek to increase tax revenue to support various government plans to fund needs such as investment in infrastructure. By targeting specific groups, such as large corporations with overseas operations, the intent is to move
Believe It or Not, There’s Still Time to Implement This Smart Strategy The global pandemic has relentlessly hammered business owners from every angle – and while massive relief legislation eased some of the burden, it also increased the workload. Developing and maintaining alternative business operations to keep employees and customers
529 plans are an investment vehicle that allows taxpayers to save for all levels of education. Contributions are made with after-tax dollars, but accumulated earnings and qualified withdrawals are tax-free for federal taxes. If savings towards education for your child or another beneficiary is a priority to you, this type