Fort Wright’s 2023-2024 financial audit shows the city is in a sound financial position, according to city officials. John Chamberlain from Chamberlain Owens & Co. Inc. presented the city council with the audit report at the March 5 meeting. Chamberlain found no material weaknesses or significant deficiencies in internal control and no “instances of non-compliance with laws[.]” […]
Tag: payroll taxes
Posted inNews
Fort Mitchell opposes centralized payroll tax collection
Fort Mitchell ratified a resolution opposing state legislation “mandating centralized collection of local occupational fees/taxes.” Some Kentucky state legislators, including Senator Christian McDaniel, have sympathy for business owners who have to file occupational taxes in multiple jurisdictions. No legislation has been proposed yet, but several Kentucky cities and counties have made their stance clear.  In Kentucky, […]
Posted inNews
Fort Wright opposes state-centralized payroll tax collection
The city of Fort Wright has unanimously passed a resolution opposing the centralized collection of local payroll taxes by state agencies, citing concerns about the potential for additional state fees and loss of competitiveness.
Posted inNews
Covington considers fixes for tax shortfall
The City of Covington is looking for short-term solutions to the problem of declining tax revenue, including adjustments to the solid waste fee, restructuring of the city’s debt, and adjustments to the city employee benefit structures, among other measures.
Posted inBusiness
Kenton County reduces payroll tax rates
The Kenton County Fiscal Court voted to reduce payroll tax rates for workers and eliminate taxes on net profits for businesses in the county at their meeting last week. The vote conforms with previous statements from fiscal court members that they would make adjustments to their tax policy after analyzing the county’s revenue collections from […]