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Business

  • Airbnb and Kentucky Department of Revenue reach tax agreement

    Airbnb and Kentucky have reached an agreement that will allow the company to collect and remit state taxes on behalf of its Kentucky hosts.

    Effective Oct. 1, Airbnb will automatically collect and remit the 6 percent state sales tax and the 1 percent state transient room tax to the Kentucky Department of Revenue on all Airbnb bookings.

    If host income in the coming 12 months were to replicate that of the last 12 months, Airbnb would deliver $1 million in tax revenue to Kentucky through this agreement.

  • Kentucky Education and Workforce Development Cabinet releases August 2017 unemployment report

    FRANKFORT - Kentucky’s seasonally adjusted preliminary August unemployment rate was 5.4 percent, according to the Kentucky Center for Education and Workforce Statistics, an agency of the Kentucky Education and Workforce Development Cabinet.

    The unemployment rate for August 2017 was unchanged from the revised 5.4 percent reported for July 2017, but was 0.4 percent higher than August 2016.

    Individual county rates are released separately, and are expected to be available later this month.

  • Kentucky enhances unemployment insurance support

    FRANKFORT - The Office of Employment and Training, an agency of the Kentucky Education and Workforce Development Cabinet, recently announced enhancements to the online and phone resources available to Kentuckians applying for and receiving unemployment benefits.

    The enhanced Unemployment Insurance Help Line now provides additional experts in unemployment insurance to assist those seeking benefits when they call 502-564-2900. Upgrades have also been made to OET’s website, kcc.ky.gov. Claimants can now upload required forms online when applying for benefits.

  • How to find the right financial advisor for you

    By Nathaniel Sillin

    Practical Money Matters

    If having a dedicated professional to help you manage your money sounds appealing, consider looking into a financial advisor – regardless of your income. There’s no substitute for financial education but an expert advisor can help you with your financial goals.

    There are many kinds of advisors who are trained to help you with many different aspects of your finances. Here are some of the most common ones:

  • Kentucky preparing for a flood of vehicles following recent hurricanes

    FRANKFORT – While Kentucky wasn’t directly affected by hurricanes Harvey and Irma, the Commonwealth could soon experience flooding of another kind: a rise in flood-damaged vehicles.

    The Kentucky Transportation Cabinet’s Department of Vehicle Regulation is preparing for an influx of title requests for vehicles that have been deemed a total loss due to natural disaster damage in states such as Florida and Texas, then brought to Kentucky to be “rebuilt.”

  • Crises pass, markets eventually regain equilibrium

    We have seen some uneasy times lately. Uneasiness impacts the financial markets. When it does, we all need to keep some long-term perspective in mind. Those who race to the sidelines and exit equities might regret the choice when crises pass.

  • PSC modifies Farmers RECC rate hike request

    FRANKFORT – The Kentucky Public Service Commission has granted Farmers Rural Electric Cooperative Corp. a revenue increase that is somewhat smaller than the amount requested by the electric distribution cooperative.
    Farmers has about 25,000 customers in eight central Kentucky counties, including Grayson and Edmonson. It is one of 16 electric distribution cooperatives that together own and buy power from the East Kentucky Power Cooperative.

  • The importance of financial literacy

    Provided by Keystone Financial Group

  • New business aims to help children achieve

    Area children who need speech, occupational and other types of therapies now have a local option for service.
    Early Intervention and Consultation Services officially opened its doors Feb. 9 with a ribbon cutting and open house.
    EICS, at 635 South Main St., Suite B, in Leitchfield — next to Papa John’s — offers services to those ages birth through 21.

  • Credit union attends benefits fair, opening day