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Effective March 26, 2019, with the passing of HB 354, nonprofit, governmental and civic organizations are no longer required to charge Kentucky sales tax on admissions and tangible property sales at fundraising events.  This resolves the confusion regarding collection of […]

While the Kentucky individual income tax rate was reduced from 6 percent to 5 percent for 2018, many retired individuals will have a higher Kentucky income tax liability on the same amount of income as they had for 2017. Specific […]

IRS Waives Penalty for Underpayment of Estimated Tax and Withholding Shortfall for 2018 The IRS has announced that it is waiving the penalty for underpayment of estimated tax for taxpayers who paid at least 85 percent of their total tax […]

On June 21, 2018, the Financial Accounting Standards Board released Accounting Standards Update 2018-08, which clarified the scope and accounting guidance for contributes received and made, which will primarily apply to non-profit organizations.  The ASU is meant to assist with […]

Congratulations to Hunter Cloud for passing all four sections of the CPA exam and obtaining his license! Hunter joined us in September 2016 as a graduate from Transylvania University and is a valuable member of our team. RFH is proud […]

RFH had the honor of volunteering at the Ronald McDonald House Charities of the bluegrass, here in Lexington. This is an incredible organization that makes such an impact on so many lives and families. Our team had a wonderful experience bonding […]

Rachel Short received a letter from the KY Society of CPA’s congratulating her on achieving the highest grade in Kentucky on the Regulation section of the Third Quarter 2017 Uniform CPA Examination. She was selected to receive the Award of Excellence […]

RFH partners Brad Hayes, Heather Cochran and Andy DeMoss (left to right) attended the 2017 AICPA Peer Review Conference in Nashville, Tennessee on August 14th – August 16th.  RFH is committed to staying up-to-date with changing peer review standards.  To […]

On May 17, 2017 the Office of Management and Budget delayed the implementation of the procurement standards found in 2 CFR 200.317 through 200.326. The new date allows nonfederal entities an additional year to implement the procurement standards required under […]

RFH is thrilled to announce the newest arrivals to our expanding team! Emma Nolan and Rachel Short came on board as Associates in our Audit & Tax Department. Emma was awarded a Bachelor of Arts degree in Accounting and a […]