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McBrayer Blogs

Showing 8 posts from November 2013.

Beshear Launches Kentucky Angel Investors Network

Kentucky entrepreneurs, rejoice! Governor Beshear just announced the creation of the Kentucky Angel Investors Network, a virtual network that links companies pursuing funding with would-be investors from across the state. Those seeking funding can pitch their presentation to potential investors via monthly online meetings through the network. The idea is simple: angel investors provide money to your company in exchange for a percentage of its equity. More >

Tax preparer sued concerning negligent tax handling

A hotel chain based out of Northern Kentucky was the recipient of a $99 million judgment concerning alleged fraud by a tax preparing company. It is alleged that the chain was misled by its tax preparer, Grant Thornton, LLP, concerning products that the company sold. It was argued in court that these instruments were not legal and could not stand up to scrutiny by the Internal Revenue Service. More >

Does my business qualify for a KEDFA small business loan?

At McBrayer, we realize that small businesses are the backbone of America. That is why we thoroughly enjoy helping entrepreneurs get on their feet and open their door to business. Whether it is starting or expanding a company, our corporate law attorneys can aid in every step of the process. One of the biggest obstacles in opening a small business is acquiring adequate funding. It is important to know what financial resources are available and whether your business qualifies for them. One such resource is the Kentucky Economic Development Finance Authority's ("KEDFA") Small Business Loan Program. More >

Accounting firms merge to move into North Kentucky market

An accounting firm Barnes Dennig is in the process of merging with another firm to give it a larger presence in Northern Kentucky. The merger is to take place on January 1st, and the merger will make it as one of the larger accounting firms in the area. More >

The Gift of Education

Many grandparents want to enrich the lives of their grandkids, but are not sure the best way to accomplish this with their estate plan. I encourage clients to consider helping their grandchildren with the future costs of education. The proper planning can help grandkids avoid hefty loans and be tax-efficient for the donor. More >

Taxing of online sales may be decided by Supreme Court

Kentucky is one of a minority of states that require collection of taxes for out-of-state online sales.  Known as the Amazon tax, deciding whether such taxes should be allowable could be taken up by the United States Supreme Court. More >

Merger made to boost Anheuser-Busch sales

Two firms are merging in order to allow a greater presence across the U.S. in the distribution of Anheuser-Busch products. Hand Family Cos, already oversees distribution operations in Kentucky and Tennessee. Hand Family joining up with BDT Capital Partners LLC will apparently allow them to dominate sales of Anheuser-Busch in other regions of the country as well. More >

Contingent Business Interruption Insurance - Insuring Against the Unfathomable

The recent government shutdown luckily only had minimal effect on businesses in the private sector (mainly, government contractors). But the shutdown was enough to make business owners and operators everywhere think about the unthinkable - what happens when your business is interrupted through no fault of your own? More >

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