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Why online CPAs in Kentucky work

Getting your taxes done with a certified public accountant (CPA) means physically traveling to a CPA's office for a face-to-face meeting. As the client, you had to bring all of the necessary paperwork the CPA would need to prepare your taxes, including receipts, bank statements, spreadsheets and all the random stuff you never think of until the last minute. Only after some hours (if you were lucky) going through all your information together and paying the substantial bill for her services would she file your taxes with the IRS. At least, that's how it used to work. Today, you can have essentially the same meeting with a CPA the same way you can do your banking, play a board game or order dinner: online. What you might not know is that it's no longer the case that you have to gather all your paperwork, because like so many things in life these days, there's an app for that – in this case, a very powerful app that uses A.I. to track your business expenses and your tax deductions automatically. FlyFin is always running in the background and prompting you to mark write-offs, so you don't miss a single opportunity for tax savings. At the end of the year, you've got digital records of everything you need to file your taxes in a fraction of the time it used to take and with savings maximized by A.I. and online CPAs. FlyFin's experts are available 24/7 with tax guidance and advice you would normally need to make a potentially expensive appointment with an Alabama CPA to get. They bring to the tax table more than 100 combined years of deep knowledge about the tax system in Alabama, as well as experience with taxes for self-employed individuals, from nurses, consultants, delivery drivers and designers to business structures like LLCs, S-Corporations, sole proprietorships, and partnerships.

Facts and figures about
taxes in Kentucky

8,847

CPAs across the state

kentucky
population

4,505,836

Residents as of 2022

population

225,080

People claiming self- employment tax deductions

population

95,910

S-Corps statewide

population

110,430

People taking itemized deductions

population

236,450

People claiming the QBI deduction

😵‍💫 Kentucky CPAs cost a lot when there's only one for every 516 residents.

😓 19 million taxpayers were late filing taxes last year.

😨 Without a trained tax professional, 30 million Americans miss tax-saving deductions.

😣 Nearly half of Americans end up paying more tax than they have to.

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How to set up an LLC in Kentucky

Kentucky State Income Tax Rates & Brackets for 2023

The following tables represents Kentucky's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

$0+

5.00%

MARRIED FILING JOINTLY

Brackets

Rates

$0+

5.00%

Filing Status

Standard Deduction Amt.

Single

$2,770

Couple

$4,155

Kentucky State Sales Tax Rates for 2023

County

Tax Rate

Adair County

6%

Allen County

6%

Anderson County

6%

Ballard County

6%

Barren County

6%

Bath County

6%

Bell County

6%

Boone County

6%

Bourbon County

6%

Boyd County

6%

Boyle County

6%

Bracken County

6%

Breathitt County

6%

Breckinridge County

6%

Bullitt County

6%

Butler County

6%

Caldwell County

6%

Calloway County

6%

Campbell County

6%

Carlisle County

6%

Carroll County

6%

Carter County

6%

Casey County

6%

Christian County

9.50%

Clark County

6%

Clay County

6%

Clinton County

6%

Crittenden County

6%

Cumberland County

6%

Daviess County

6%

Edmonson County

6%

Elliott County

6%

Estill County

6%

Fayette County

6%

Fleming County

6%

Floyd County

6%

Franklin County

6%

Fulton County

6%

Gallatin County

6%

Garrard County

6%

Grant County

6%

Graves County

6%

Grayson County

6%

Green County

6%

Greenup County

6%

Hancock County

6%

Hardin County

6%

Harlan County

6%

Harrison County

6%

Hart County

6%

Henderson County

6%

Henry County

6%

Hickman County

6%

Hopkins County

6%

Jackson County

6%

Jefferson County

6%

Jessamine County

6%

Johnson County

6%

Kenton County

6%

Knott County

6%

Knox County

6%

Larue County

6%

Laurel County

6%

Lawrence County

6%

Lee County

6%

Leslie County

6%

Letcher County

6%

Lewis County

6%

Lincoln County

6%

Livingston County

6%

Logan County

6%

Lyon County

6%

Madison County

6%

Magoffin County

6%

Marion County

6%

Marshall County

6%

Martin County

6%

Mason County

6%

Mccracken County

6%

Mccreary County

6%

Mclean County

6%

Meade County

6%

Menifee County

6%

Mercer County

6%

Metcalfe County

6%

Monroe County

6%

Montgomery County

6%

Morgan County

6%

Muhlenberg County

6%

Nelson County

6%

Nicholas County

6%

Ohio County

6%

Oldham County

6%

Owen County

6%

Owsley County

6%

Pendleton County

6%

Perry County

6%

Pike County

6%

Powell County

6%

Pulaski County

6%

Robertson County

6%

Rockcastle County

6%

Rowan County

6%

Russell County

6%

Scott County

6%

Shelby County

6%

Simpson County

6%

Spencer County

6%

Taylor County

6%

Todd County

6%

Trigg County

6%

Trimble County

6%

Union County

6%

Warren County

6%

Washington County

6%

Wayne County

6%

Webster County

6%

Whitley County

6%

Wolfe County

6%

Woodford County

6%

Kentucky State IRS Statistics of Income for 2020

Size of adjusted gross income

Item
(All amounts are in 1000s of dollars)

Number of returns

Number of single returns

Number of joint returns

Number of head of household returns

Number of individuals

Adjusted gross income (AGI)

Total income: Number

Amount

Salaries and wages in AGI: Number

Amount

Business or profession net income (less loss): Number

Amount

Partnership/S-corp net income (less loss): Number

Amount

Self-employed health insurance deduction: Number

Amount

Student loan interest deduction: Number

Amount

Charitable contributions if took standard deduction: Number

Amount

Total itemized deductions: Number

Amount

State and local income taxes: Number

Amount

State and local general sales taxes: Number

Amount

Qualified business income deduction: Number

Amount

Child and dependent care credit: Number

Amount

Child and other dependent tax credit: Number

Amount

Self-employment tax: Number

Amount

Earned income credit: Number

Amount

Refundable education credit: Number

Amount

Recovery rebate credit: Number

Amount

Total tax liability: Number

Amount

Total additional Medicare tax: Number

Amount

Net investment income tax: Number

Amount

Tax due at time of filing: Number

Amount

Total overpayments: Number

Amount

All returns

2,076,680

998,920

758,150

268,310

3,885,390

120,432,780

2,017,100

121,747,488

1,655,650

84,151,804

302,350

3,270,880

95,910

5,636,366

38,130

288,703

127,110

92,384

565,060

148,656

110,430

3,649,247

98,010

1,281,470

10,730

14,784

236,450

1,538,793

54,990

27,731

502,680

1,074,127

225,080

618,758

384,590

894,587

75,430

64,828

396,040

572,014

1,421,560

13,618,763

31,460

53,232

37,130

164,234

323,550

1,613,621

1,681,470

5,430,631

Under $1

84,000

60,260

15,760

5,380

117,800

0

24,490

0

7,340

241,982

11,250

0

5,310

0

1,560

10,391

780

763

10,280

2,669

0

0

0

0

0

0

0

0

0

0

40

39

3,280

7,899

4,510

6,711

1,020

918

50,160

74,176

4,300

10,464

150

193

0

0

2,280

4,976

61,760

141,379

$1 under $10,000

286,600

227,210

27,690

26,820

318,020

1,391,029

286,540

1,432,652

205,080

1,064,882

39,040

113,303

3,050

0

1,930

6,821

2,720

1,836

32,990

7,730

1,530

33,240

690

1,994

630

345

510

113

0

0

140

53

31,330

21,749

95,880

118,904

8,320

6,982

81,780

126,077

38,760

24,198

10

16

0

0

16,030

7,446

235,770

348,789

$10,000 under $25,000

415,200

260,970

64,350

80,500

650,670

7,193,401

415,200

7,292,863

322,610

4,961,826

62,920

454,572

5,920

0

3,660

13,805

9,580

6,327

70,200

17,625

3,960

95,391

2,090

4,933

1,460

1,055

21,910

13,685

2,770

823

41,070

14,760

51,140

79,894

149,180

453,309

16,820

14,039

89,500

137,738

229,870

191,874

20

27

0

0

29,560

28,746

373,140

1,061,434

$25,000 under $50,000

521,060

273,060

127,000

102,320

937,110

18,900,946

521,060

19,071,245

450,050

14,739,171

59,130

447,795

10,350

41,141

5,420

24,465

34,610

23,081

126,510

32,567

10,340

247,613

7,580

22,336

2,310

2,277

49,380

68,706

11,890

6,221

158,510

205,625

41,580

90,366

129,180

312,388

16,770

14,124

70,280

97,848

406,530

909,664

50

81

0

0

60,000

77,109

458,350

1,350,240

$50,000 under $75,000

287,010

108,960

134,750

33,900

595,650

17,628,008

287,010

17,787,458

246,680

13,216,004

39,050

366,675

11,040

91,946

4,770

27,552

28,690

21,338

99,960

26,495

17,010

383,022

14,540

60,861

2,180

2,494

39,570

87,258

8,250

3,994

97,830

240,560

27,780

72,766

5,850

3,275

9,550

8,215

37,620

48,565

264,380

1,215,684

40

69

0

0

56,100

102,843

230,170

672,274

$75,000 under $100,000

177,920

36,400

127,470

10,950

434,080

15,408,236

177,920

15,540,545

154,260

11,300,307

28,650

304,481

10,450

135,730

3,790

24,745

20,440

14,984

77,290

20,982

15,650

381,477

14,130

77,133

1,370

2,261

32,090

89,521

9,040

4,574

71,260

208,801

20,790

61,273

0

0

7,780

6,777

26,020

29,446

173,930

1,234,048

50

83

0

0

42,040

101,226

135,550

464,927

$100,000 under $200,000

237,430

25,690

202,000

7,030

641,410

31,675,928

237,430

31,979,442

210,340

23,232,268

44,280

720,037

25,090

658,380

8,180

68,482

30,290

24,055

119,440

32,637

34,320

1,021,304

32,360

273,842

1,820

3,727

58,590

275,098

18,220

9,552

108,830

327,227

32,830

134,882

0

0

15,190

13,773

40,030

57,853

236,370

3,479,888

1,690

485

630

183

82,210

331,270

154,820

679,529

$200,000 under $500,000

55,790

5,150

49,000

1,220

157,580

15,844,721

55,790

16,087,830

49,230

10,252,486

14,150

658,465

17,250

1,535,396

6,020

71,831

0

0

24,970

6,983

20,490

791,963

19,780

351,027

670

1,811

26,630

355,597

4,290

2,248

24,900

76,904

12,430

99,327

0

0

0

0

640

311

55,760

2,727,701

21,930

17,021

26,230

28,036

29,040

361,028

26,600

284,271

$500,000 under $1,000,000

8,240

830

7,190

140

23,680

5,511,843

8,240

5,600,070

7,160

2,913,207

2,710

215,818

4,770

1,147,922

1,790

25,281

0

0

2,640

752

4,730

274,545

4,540

183,652

190

495

5,160

156,759

450

259

100

158

2,690

30,012

0

0

0

0

0

0

8,240

1,320,116

5,460

17,324

7,140

31,330

4,560

212,556

3,660

126,159

$1,000,000 or more

3,420

390

2,930

60

9,390

9,321,226

3,420

9,368,147

2,890

2,229,671

1,180

160,983

2,670

2,827,496

1,020

15,330

0

0

770

216

2,410

420,692

2,310

305,692

100

319

2,620

492,056

90

60

0

0

1,250

20,590

0

0

0

0

0

0

3,420

2,505,126

2,060

17,933

3,130

104,685

1,750

386,421

1,660

301,629

Frequently Asked Questions

How does online tax filing in Kentucky work?

What exactly is a CPA in Kentucky?

What does a Certified Public Accountant in Kentucky do?

How do FlyFin Smart CPAs do?

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Who do FlyFin CPAs save freelancers time and money?

Because freelancers, gig workers, independent contractors and sole proprietors are responsible for so much more in terms of taxes, their needs for expert tax advice are different from any other kind of taxpayer, and FlyFin was designed specifically for them. FlyFin automatically tracks self-employed individuals' costs using a powerful A.I. to find even the smallest write-offs and every opportunity to save money on taxes. In addition, FlyFin enables any type of taxpayer to file their taxes, with FlyFin CPAs taking on 95% of the effort, so taxpayers can focus on the other important things in life. FlyFin CPAs file state and federal tax returns with a guaranteed accuracy rate of one hundred percent, saving taxpayers $3,500 on average.
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