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Community Project at Seedleaf: Headwater Farm (June 7, 2024)

The annual RFH Community Project this year found our staff on Seedleaf’s newly acquired 30-acre farm in Fayette county. “Seedleaf is a community gardening organization that provides horticultural training and supports the practice of gardening and small-scale farming in the urban spaces of Lexington, Kentucky” and whose mission is to “nourish communities through growing and […]

RFH CPA’s Team Member Promotions

RFH is pleased to announce and congratulate four of our team members for their promotions within the firm. Their dedication and hard work for RFH and its clients are very appreciated. We look forward to watching and assisting them as they grow into these new roles. We are so grateful for these talented individuals and […]

RFH, PLLC Sponsored Kentucky United Methodist Homes’ 40th Golf Scramble

RFH, PLLC sponsored a hole at the Kentucky United Methodist Homes’ 40th Golf Scramble Fundraiser on September 8th, 2023. This exciting event was attended by one of our Managers, Kevin Fisher, two of our Seniors, Peyton Floyd & Joseph Grammel as well as one of our staff accountants Hunter Short. They spent the afternoon on […]

Local Government Procurement Changes

Cities, counties, and other local governmental entities may now increase their threshold for advertising for bids.  Prior to incurring an expenditure of more than $30,000, these entities were required to place an advertisement for bids; however, effective July 1, 2023, this threshold was increased to $40,000.  Cities, counties, and other local governmental entities are now […]

RFH Celebrates Newest CPA – Anna Wilcoxson

Please join us in congratulating Anna on obtaining her CPA license! She earned this honor when she passed her fourth and final exam in February and became licensed in March of this year. Anna graduated from Transylvania University with a Bachelor’s in Math and Accounting. When asked about what kind of advice she has for […]

Sales Tax Changes for Utilities

The recent passage of House Bill 8 by the Kentucky legislature introduced several changes to the collection of sales tax within the state that will go into effect on January 1, 2023. The bill expands the tax base not only by adding a number of services that will become subject to the tax, but also […]

RFH Annual Volunteer Day

RFH Return to Annual Volunteer Day was a Success! After an extended break due to Covid-19, we had a successful return to our annual volunteer day. This year, we were able to sit down with staff from The Hope Center in Lexington to learn more about their organization and what they do for the community. […]

Tax Relief for Flooding Victims

The flooding that occurred in Eastern Kentucky has been an absolute tragedy and our hearts go out to the families affected by it. In response to the disaster, the Internal Revenue Service announced on August 1, 2022, that tax relief will be issued for those affected. The following counties can qualify for either individual or […]

Kentucky Nonprofit Assistance Fund

The State of Kentucky has established a nonprofit assistance fund of $75 million to provide direct relief payments of up to $100,000 to qualifying nonprofits in Kentucky.  The amount of assistance a nonprofit can qualify for is determined by its net negative revenue difference between the calendar years of 2020 and 2021.  Net negative revenue […]

Five Ideas Small Organizations Can Implement to Improve Internal Controls

Many organizations have heard the term “segregation of duties” when talking about internal controls and ways to prevent fraud. Segregation of duties is the idea that no one person should have access to both physical assets and the related accounting records or to all phases of a transaction. The idea is simple, split up the […]