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McBrayer Blogs

Showing 7 posts from January 2014.

Understanding the Additional Medicare Tax and Medicare Surtax on Net Investment Income

The IRS began accepting 2013 tax returns today. Over the past year, there has been a lot of debate about the impact of the 0.9% Additional Medicare Tax and the 3.8% Medicare surtax on net investment income ("surtax") , but taxpayers may not have paid much attention to the new taxes...until now. More >

Many high-tech companies moving to Kentucky

In 2013 Kentucky awarded 26 high-tech companies $6 million in state funds as a program to attract these types of businesses to our state. The funding is coming through two programs called the Small Business Innovation Research and the Small Business Technology Transfer Matching Funds program. More >

Angel Investor Tax Credit Program Would Be Godsend to Kentucky Businesses

In November 2013, Governor Beshear announced the launch of Kentucky Angel Investors Network, a virtual network that connects companies in need of funding with potential investors from across the state. The network holds monthly on-line meetings wherein investors are given the opportunity to view virtual presentations by entrepreneurs who already have a lead investor and negotiated term sheet. The hope is that investors (who must be accredited in accordance with SEC Rule 501 Regulation D) take interest in the business venture and provide funding that can send the start-up to the next level. More >

Two Ashland CPA firms to merge

Two accounting firms that have provided services for medium-sized businesses in Kentucky and other states plan on merging their practice effective on July 1. Both are CPA firms that have been in business for a number of decades. More >

Office of the Taxpayer Advocate: One watchdog of IRS shortcomings

The Internal Revenue Service can strike a chord of fear -- or at least very real concern -- into the heart of any business owner in Kentucky or elsewhere across the country. More >

Five Tips for 2014

New Year's resolutions. We all have them; not all of us keep them. As an estate planning attorney, I am constantly advocating for the planning of the future today. The unexpected can happen at any time, so it is important to plan today for what may happen tomorrow. Something about the start of a new year makes us all want to tackle a new project, whether it is weight, organizational skills, a relationship, or whatever else that has been nagging at us for way too long. More >

Corporate jets relocated to Kentucky because of tax break

For purposes of taxation, Meyer Tool's corporate jets have now been placed at the Cincinnati/Northern Kentucky International Airport. A new tax break has been implemented that would eliminate property tax on non-commercial aircrafts by local taxing districts. More >

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