RFH Welcomes New Staff Members
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 minor in International Business from the University of Kentucky in May, 2017. Rachel joins RFH […]
United Way’s Day of Action
RFH participated in United Way’s Day of Action as volunteers at Erik’s Organic farm, here in Lexington, Kentucky. A portion of Erik’s produce is donated to local food banks. It was a great day of team building, learning a new trade, and giving back to our wonderful community.
Pension Retirement Contributions Subject to FICA and Medicare
Effective January 1, 2017, employers participating in the Kentucky Retirement System (KRS) will apply Social Security (FICA) and Medicare tax to the employee’s pension contributions. Participant’s in the Kentucky Teacher’s Retirement System (KTRS) are still exempt from FICA but will apply the Medicare tax to those pension contributions. Kentucky employers were previously able to deduct […]
RFH Welcomes New Staff Member
RFH is excited to announce the arrival of our newest staff member, Brooklyn Gamble. Brooklyn came on board as an Associate in our Audit Department. She Graduated from the University of Kentucky in June, 2016 after earning a Masters degree in Accounting. We are thrilled to have her join our team of professionals.
Liabilities for Pensions
Over the last couple of years the biggest accounting news for local governments has been the requirement to report the unfunded pension liability as a long -term obligation on the government wide financial statements. First let’s talk about how this came to be then we can assess what the final results that are expected. How […]
New Overtime Pay Rules
On May 18, 2016 the Department of Labor released a final rule that significantly increases the overtime exemption thresholds, resulting in an expansion of the number of employees eligible for overtime pay. The Fair Labor Standards Act (FLSA) entitles eligible workers to overtime pay for all hours worked in excess of 40 hours per week, […]
WE HAVE MOVED!
Our office is now located at 300 West Vine Street, Suite 800 Lexington, KY 40507. We are in the Central Bank building and accessible from High Street. Free parking off the High Street entrance. Primary phone number is still 859-231-1800 and the direct lines are all the same.
