While most people regard accounting as boring and tedious work, it's arguably the most important part of running a business. Kentucky accountants keep track of what money is coming in and what money is going out. But if your company gets stuck with a disgruntled or corrupt employee, you can find that the business could be owing money to the government and that it's in worse financial shape than it is on paper. With the help of an accounting professional in Kentucky, you could straighten everything out quickly.

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	US Possessions tax credit, regardless of
	[2] Excludes excise taxes collected,[3] Includes tax-exempt organization,[4] Collections of tax (withheld and not withheld) [5] Includes estimated tax. [Money amounts are in thousands of dollars] in Kentucky Total Internal Revenue collections [2] 17,899,053 Corporation income tax [3] 1,413,120 Total [4,5] 15,928,639 Income tax not withheld and SECA tax [4,5] 3,162,442 Induvidual income emploment taxes withheld and FICA tax [4] 12,685,302 Source: Internal Revenue Gross Collections, by State, Fiscal Year 2001

Accountants are responsible for a wide variety of duties. They make sure that a company is run efficiently, that records are kept accurately and that taxes are paid on time. Generally, accountants will prepare, analyze and verify financial documents.

There are four types of Kentucky accountants:

• Public Accountants
• Management Accountants
• Government Accountants
• Internal Accountants

Each accountant specializes in one particular field to provide specialized services for a company or for private clients. Their expertise is especially important at large public companies who are forced to disclose their financial status to investors or the Securities and Exchange Commission. But if the government discovers discrepancies in a company's financial records, the company and its executives could be in some big trouble: They could face hefty fines and jail time.

Our Kentucky Accountants can guide you through many circumstances arising from starting your own business and also assist you with all of your tax questions.

Some typical issues Kentucky Accountants may help you with include:

• Auditing
• General Accounting
• Business Matters
• Financial Planning
• Mergers and Acquisitions