News & Announcements:

May 20, 2022

New Changes

 

Going forward, we will begin operating under a new name, Davis & Hessel Tax Services and you will see new signage, website and emails in the coming weeks. Please be patient with us as we update and prepare everything with the new name. 

May 13, 2022

New Changes

 

We have some exciting news to share regarding our firm. We have recently partnered with Hessel Solutions Inc. of London, KY. This partnership is very exciting for us and you as our client. Going forward, we will begin operating under a new name, Davis & Hessel Tax Services and you will see new signage, website and emails in the coming weeks. I will remain as Senior Tax Partner in charge of all tax return operations. This partnership will enable us to take on new clients and offer a new array of services for our current clients.

Joining our current team will be Ian Hessel, with 30 years of experience in all phases of corporate accounting and management, with a specialty in entrepreneurial services. Also, Melissa Finley, CPA of Corbin, KY will be joining us with 30 years of experience in accounting & tax preparation. The final new member of our team will be Brooklyn Lane, receptionist/administrative assistant, recent graduate of Eastern Ky University with an accounting degree.

Of course, remaining with our firm is the team you already know so well. Office Manager, Elizabeth Trosper, 4 years with our firm and Robin Stephens, staff accountant, 8 years with our firm will continue to support me in supporting your needs.

The Berea office will be our main location and we will soon be opening an office in London as part of our regional growth plans.

We will be launching many new opportunities for services to our clients and look forward to introducing you to our new team in the future. We will be planning an informal meet and greet in the coming months.

If you have any questions, please feel free to contact the office and we will address those promptly.

Steve Davis

April 21, 2022

Kentucky farmers can now apply

for new agriculture exemption number

 

FRANKFORT, Ky. (August 24, 2021)—The Kentucky Department of Revenue (DOR) is now accepting applications from eligible farmers for new agriculture exemption numbers designed to protect the sales and use tax exclusions available to the agricultural community.

While the statutory provisions for agriculture sales and use tax exemptions have not changed, the new tax ID number requirement will ensure only those who have pre-qualified with DOR are able to claim these exemptions.

Under the provisions of SB 148, enacted by the 2020 General Assembly and signed into law by Gov. Andy Beshear on March 27, 2020, all eligible farmers exempt from sales and use tax for the purchase of certain items must apply for and use their new agriculture exemption number when claiming applicable tax exemptions under KRS 139.481.

“Our Department of Revenue staff have worked closely with both the farming and retail communities in the development of a simple process to qualify for the exemption number,” DOR Commissioner Thomas B. Miller said. “This application process and issuance of an agriculture exemption number will improve overall compliance with state tax codes while minimizing claims by parties ineligible for the exemptions. An upcoming release of a new searchable database will also make this process transparent and convenient for both the sellers and the buyers.”

The Application for the Agriculture Exemption Number, Form 51A800, is available at www.revenue.ky.gov under Sales Tax forms. Completed applications should be submitted by email to DOR.Webresponsesalestax@ky.gov or mailed to DOR’s Division of Sales and Use Tax, Station 66, P.O. Box 181, Frankfort, KY 40602-0181.

Applicants must verify their engagement in the type of farming eligible for sales and use tax exemptions included in KRS Chapter 139. These exclusions include certain items purchased for the purpose of raising livestock as food for human consumption or producing crops. To expedite the application process, DOR advises applicants to supply the IRS Schedule F, Profit or Loss from Farming form, if possible.

The deadline to apply for the new agriculture exemption number for current farmers is January 1, 2022. The agriculture exemption number is valid for three years from the date issued by DOR.

Contact the Division of Sales and Use Tax with questions at (502) 564-5170 or DOR.Webresponsesalestax@ky.gov.