| ||||||||||
 
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... 
|
Time for 2022 Small Business Tax Credit is running out From Crystal Staley/Brandon Mattingly Frankfort, KY - On Thursday, September 29, 2022, Gov. Andy Beshear urged Kentucky's small businesses investing in our communities and creating jobs to apply for a tax credit of up to $25,000. To receive the Kentucky Small Business Tax Credit, qualifying small businesses should apply now to ensure their best chance of approval in time for this year's tax filings. Tax credits are available to eligible companies that added at least one new full-time employee and invested $5,000 or more in qualifying equipment or technology within the past 24 months. "We want to make sure our small business owners know that this program is available, and we remind them that it is time to apply," Gov. Beshear said. "This program encourages our small businesses to grow even more, which benefits their community and our great state." "This tax credit is one of our office's most consistent and effective tools for helping businesses at every stage of their journey. The program encompasses small businesses involved in such a broad spectrum of industries," said Monique Kuykendoll Quarterman, deputy executive director of KY Innovation. "We love to see the companies that hire directly from our Kentucky communities. We encourage anyone who has added employees or invested in equipment to consider applying." Qualifying small businesses may be eligible to receive a state income tax credit ranging from $3,500 to $25,000 per year. The tax credit amount depends on the number of jobs created and the amount invested in new equipment or technology. Most for-profit businesses with 50 or fewer full-time employees will qualify, including construction, manufacturing, retail, service and wholesale companies. Bob Patterson, president of Patterson & Co. CPAs Pllc., has used the program as his company has created jobs multiple times since 2015. "We have been fortunate to secure several Small Business Tax Credits for equipment purchases to support our new hires through the 11 years we have been open," said Patterson. "The program is very helpful, easy to apply for, and professionally and fairly administered." In 2021, the program incentivized the creation of 339 private-sector jobs and over $3.6 million in investments by 113 small businesses. On average, each participating company hired three people and received more than $10,000 in tax savings. Since its inception, the program has assisted in creating over 3,400 jobs and $35 million in new investments. The Kentucky Small Business Tax Credit is a signature program offered through KY Innovation, the cabinet's office that encourages growth among Kentucky's startups and small businesses. Other KY Innovation resources include programs providing access to credit, mentoring and advocacy. Entrepreneurs and startups also can connect with multiple resources at the six regional KY Innovation Hub offices statewide. To learn more about the program and to access the current version of the application, visit ced.ky.gov/Entrepreneurship/KSBTC, contact the Kentucky Cabinet for Economic Development at 800-626-2930, or email info@kyinnovation.com. This story was posted on 2022-09-29 19:14:13
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic News:
Reminder to register your SquareCrows KY 80 in Adair Co. to be reduced to 1 lane beginning Monday Voting in Adair Co. for the 2022 General Election Governor urges caution as wildfire hazard season begins Oct 1 7-County Area Courts for Thu 29 Sep 2022 GRL Corn Maze ribbon cutting ceremony on Saturday 7-County Area Courts for Wed 28 Sep 2022 Frost possible overnight Catch A Smile Senior Fishing Derby today 7-County Area Courts for Tue 27 Sep 2022 View even more articles in topic News |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
 Provided by the Adair Co Fiscal Court and the Adair Co. Emergency Mgt. Agency 
|
||||||||
|
| ||||||||||
|
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
|
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
| ||||||||||
