By

Colleen Fausz

Department of Labor Issues Guidance on Electronic Posting of Required Notices

The Department of Labor (DOL) recently issued Field Assistance Bulletin No. 2020-7 which allows employers to post required labor law notices via electronic means due to the COVID-19 pandemic in...

SBA Ruling Impacts Women-Owned Small Businesses

On July 15, 2020, important changes for Women-Owned Small Businesses (WOSBs) and Economically Disadvantaged Women-Owned Small Businesses (EDWOSBs) took effect as a result of the U.S. Small Business Administration’s (SBA)...

IRS Announces Relief For Taxpayers Impacted By Pandemic

U.S. Treasury Secretary Steven Mnuchin announced relief aimed at helping taxpayers who have been impacted by the coronavirus pandemic. Secretary Mnuchin announced that the IRS will allow: individuals to defer federal...

Qualified Opportunity Zones Update

The Treasury Department recently released a second round of proposed regulations clarifying certain requirements for investments in Qualified Opportunity Funds (QOFs).  The proposed regulations are designed to encourage development in...

Kentucky Charities Now Have To Charge Sales Tax

Effective July 1, 2018, Kentucky law will require nonprofit organizations to collect sales tax from supporters of special events and some programs.  Nonprofits were already required to collect sales tax...

Act Fast: Tax Credit Available July 1

How can you increase the tax benefit of your charitable giving? The Endow Kentucky Tax Credit provides a state tax credit for gifts to endowed funds held by qualified community...