Quality Advice without the big city price Deanna Ramsey, CPA, LLC
We provide quality accounting services to local businesses and individuals throughout Central Kentucky. All of our work is in accordance with the Generally Accepted Accounting Principles (GAAP) as set forth by the Financial Standards Board (FSB).
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Latest News General Accounting News & Tips

Tax Reform Takes On New Momentum as Year-end Approaches
Tax reform discussions continue on Capitol Hill with legislation expected to be released very soon. GOP lawmakers in the House and Senate appear to be aiming for a comprehensive overhaul of the Tax Code. President Trump and Republicans in Congress have set out an ambitious schedule of passing a tax reform bill before year-end. Tax […]

Challenges and Opportunities for 2017 Year-end Tax Planning
Year-end tax planning can provide most taxpayers with a good way to lower a tax bill that will otherwise be waiting for them when they file their 2017 tax return in 2018. Since tax liability is primarily keyed to each calendar tax year, once December 31, 2017 passes, your 2017 tax liability for the most […]

ACA Requirements Remain in Effect for 2017 Tax Season
As the 2018 filing season nears, the IRS is reminding taxpayers that the Affordable Care Act (ACA) remains on the books. The ACA’s reporting requirements for individuals have not been changed by Congress. At the same time, the Trump Administration has proposed administrative changes to the ACA, which could expand health reimbursement arrangements (HRAs), the […]

How does a business handle holiday gift-giving?
Are Holiday gifts deductible? Holiday gifts made to customers are generally deductible as ordinary and necessary business expenses as long as the taxpayer can demonstrate that such gifts maintain or improve customer goodwill. Such gifts must bear a direct relationship to the taxpayer’s business and must be made with a reasonable expectation of a financial […]