Endowment Fund Donations.

December 12, 2014

Leverage the benefits of your charitable deduction by making a donation to an endowed fund at a qualified community foundation. For instance, if you make a contribution to an endowed fund sponsored by the Madison County Community Foundation, you have...

2014 Federal Unemployment Tax Act (FUTA)

December 05, 2014

Kentucky employers will be subject to higher federal unemployment (FUTA) for 2014.

Employers pay FUTA tax at a rate of 6.0% on an employee’s first $7,000 of wages.  The tax is usually offset by a credit up to 5.4% for amounts paid to your...

Depreciation Deduction Changes for 2014

November 20, 2014

Significant changes have occurred related to depreciation deductions for 2014 compared to prior years. The total amount of Section 179 deduction is now $25,000 compared to $500,000 in 2013. Vehicles can still qualify for the $25,000 deduction. Also,...