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Accounting and Bookkeeping Services in Kentucky
1-800Accountant, America’s leading virtual accounting firm for small businesses, manages all of your bookkeeping and accounting tasks with comprehensive end-to-end services designed to support and expand your small business in Kentucky.
Our Accounting Services for Kentucky Small Businesses
Business Tax Preparation: Get your taxes expertly prepared and filed by a CPA experienced in your industry so you always feel secure about your business tax situation. Our CPAs, with more than 17 years of experience on average, can save your business thousands annually when you entrust the complexities of Kentucky tax preparation to them!
Bookkeeping: Strengthen your financial foundation and manage cash flow with meticulous, error-free bookkeeping done for you that saves time and provides critical data-driven business insights. This detailed approach offers the best tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop essential financial models.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business CPA. Strategic planning helps minimize your business tax liability in Kentucky throughout the year while ensuring compliance.
Payroll:Save numerous hours each pay period with our comprehensive payroll service handled for you with regular tax submissions to the state of Kentucky, ensuring accuracy and allowing you to focus on other vital areas of your business.
Business Formation: Experience the benefits of officially establishing your business in Kentucky with our complimentary incorporation service. You only cover the state fees, and we manage the rest. This puts you on a path to hire employees, open a business bank account, and enjoy an optimized business tax structure and maximum tax savings.
Kentucky Corporate Tax Rates and Brackets
| Corporate Tax Rate | Corporate Tax Bracket |
|---|---|
| 5.0% | $0 |
When Do You Have to File Business Tax Returns in Kentucky?
| Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
|---|---|---|
| The 15th day of the fourth month after fiscal year end | The 15th day of the fourth month after fiscal year end | The 15th day of the fourth month after fiscal year end |
LLC Renewal Dates and Fees in Kentucky
| How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Annually | $40 | $15 |
Single Filers - Kentucky Tax Rates and Brackets
| Single Filer Rates | Single Filer Brackets |
|---|---|
| 4.00% | $0 |
Single Filers - Kentucky Exemptions and Deductions
| Standard Deduction (Single) | Personal Exemption (Single) |
|---|---|
| $3160 | n.a. |
Married Filing Jointly - Kentucky Tax Rates and Brackets
| Married Filing Jointly Rates | Married Filing Jointly Brackets |
|---|---|
| 4.00% | $0 |
Married Filing Jointly - Kentucky Exemptions and Deductions
| Standard Deduction (Couple) | Personal Exemption (Couple) |
|---|---|
| $6,320 | n.a. |
What to Look for in Kentucky Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Kentucky small business, you should consider these factors:
Expertise in Kentucky Tax Laws: Consider a financial professional who is well-versed in Kentucky's specific tax regulations, including state income tax, sales tax, and property tax codes, to ensure compliance and optimize tax strategies.
Familiarity with Local Business Incentives: Opt for an accountant knowledgeable about Kentucky-specific incentives, such as the Kentucky Business Investment (KBI) program, which provides income tax credits and wage assessments for job creation and investment projects.
Experience with Key Kentucky Industries: Kentucky has core industries, including bourbon production, horse breeding, automotive manufacturing, and healthcare. It's beneficial to work with an accountant who has expertise in these areas and understands both their specific financial challenges and opportunities.
Understanding of Rural Business Needs: With a large portion of Kentucky being rural, choose an accountant who understands the unique financial needs and opportunities of doing business in these areas, including agricultural operations and small-town enterprises.
Capability to Manage Multi-State Operations: If your business operates across state lines, including Ohio, Indiana, and Tennessee, ensure your accountant can effectively handle multi-state taxation and regulatory issues on your behalf.
Serving Small Businesses Throughout the Entire State of Kentucky
- Covington
- Frankfort
- Bowling Green
- Owenboro
- Louisville
- Lexington
- Richmond
- Florence
“I’ve been fortunate to have great accountants who care, get back to me very timely, and believe they do a great job getting the most money back they are able to.”
Sal
Actual customer testimonial. Photo is illustrative only.
Additional Kentucky Accounting Resources:
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
CPA vs. Tax Preparer: Which Is Best for Your Business?
10 Common Small Business Tax Questions Owners Are Asking
Talk to a business tax expert today for all your tax needs in Kentucky.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.