What are the opening hours?

Monday 8:30am - 12pm 1pm - 4:30pm Tuesday 8:30am - 12pm 1pm - 4:30pm Wednesday 8:30am - 12pm 1pm - 4:30pm Thursday 8:30am - 12pm 1pm - 4:30pm Friday 8:30am - 12pm

Kelly King & Co.

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Crestwood, KY
Kelly King & Co.

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Dedicated Partner to Small Businesses Kelly King & Co. Convenient appointment times are available, so call Kelly King & Co. today.

offers leading accounting and tax services in Crestwood, KY, and the surrounding areas, specializing in financial planning, bookkeeping, tax preparation, and various accounting needs. We have served Oldham and Jefferson counties since 1980 and have established a great, reputable status of distinction! Services:
Bookkeeping
Income Tax Preparation
Convenient Appointment Times Available
CPA
Financial Statements
Payroll
Small Business Consulting

Specialties:
Serving Small Businesses, Residential, and Commercial

Certification:
Certified Public Accountants

Professional Associations:
BBB A+ Rating
Kentucky Society of Certified Public Accountants
National Federation of Independent Business (NFIB)

10/27/2026

The Federal Insurance Contributions Act imposes two taxes on employers and employees: Social Security and Medicare. Each year since 1950, the Social Security Administration has adjusted the wage base for computing Social Security tax. For 2027, it will be $192,300 (up from $184,500 this year). Wages and net earnings from self-employment above this amount aren’t subject to Social Security tax — but there’s no earnings cap for Medicare tax. Additional rules apply to the 0.9% additional Medicare tax, federal unemployment tax, and various state and local taxes. Got questions? Contact us for guidance on complying with all applicable reporting and withholding requirements.

10/20/2026

As the year draws to a close, your employer’s 401(k) plan may offer an opportunity to reduce your 2026 income taxes. If you haven’t been contributing, it may not be too late to start. And if you’re already contributing, increasing the amount you contribute from each paycheck before year end could boost your 2026 tax savings. If your employer matches contributions, try to contribute at least enough to receive the maximum match. Otherwise, you’ll lose out on free money! Check with your employer about deadlines and available options. We can help you evaluate the tax implications and determine whether increasing your contributions makes sense for your situation.

10/16/2026

As the year winds down, now is the time to make proactive decisions that could help reduce your tax liability and set your business up for a stronger start next year.

Swipe through two key tax moves to consider before year-end: revisiting estimated tax payments and accelerating deductible expenses.

Ready to review your numbers or map out the most effective strategy for your situation? We're here to help. A quick year-end check-in can make a meaningful difference come filing season. Give us a call anytime.

10/13/2026

Are you separating or divorcing this year? Decisions made before your divorce is finalized can affect your 2026 income tax liability and your tax situation in future years. Some of the most critical tax issues to consider as you work through a separation or divorce are related to: 1) tax filing status and, if you have dependent children, who’ll claim them for tax purposes, 2) support payments, 3) home ownership, 4) retirement accounts, and 5) business interests. We can help you evaluate the tax consequences of your separation or divorce so you can make informed decisions before year end. Contact us to get started.

10/06/2026

Retirement is far from most teenagers’ minds when they get their first jobs. But those early earnings create a significant tax-advantaged savings opportunity. Even modest IRA contributions now can substantially multiply over time. For example, just $2,000 contributed to an IRA earning 5% annually will grow to nearly $23,000 50 years later. A Roth IRA can be especially powerful because qualified distributions will be tax-free. For 2026, the annual contribution limit for IRAs is the lesser of taxable compensation or $7,500. 2026 contributions can be made until April 15, 2027, but the income to support them must be earned by Dec. 31, 2026. Contact us to discuss tax-smart planning for your teen.

09/23/2026

Tax law changes taking effect this year will increase alternative minimum tax (AMT) risk for some higher-income taxpayers. For 2026, the AMT exemption phaseout thresholds are reduced and the exemption phases out twice as fast as for 2025. If you may be affected, consider the AMT before implementing income and deduction timing strategies. A move that would reduce your 2026 regular tax might provide little or no benefit under the AMT — or could trigger it. Before acting, determine whether you may owe the AMT for 2026 or 2027 and how the move would affect both calculations. We can help project your regular tax and AMT liability for both years and the potential impact of timing strategies.

08/11/2026

Disability insurance is a valuable benefit provided by many employers. It replaces a portion of the insured person’s income — typically 45% to 65% of pre-disability earnings. But in some cases, income taxes can take a bite out of disability benefits.

Taxability usually hinges on who paid the premiums. If your employer paid them, the payouts from the policy generally will be taxed to you just as if the income were paid directly to you by your employer. If you paid the premiums, the payments you receive generally won’t be taxable. State tax treatment of disability benefits varies.

We can help you assess how much disability coverage you need depending on the tax consequences and other factors.

08/04/2026

Recent tax law changes made the New Markets Tax Credit permanent. This program encourages private investment in economically distressed communities by offering federal income tax credits to qualifying investors.

If your business invests in a certified community development entity (CDE), you may be eligible for a credit equal to 39% of your investment over seven years. Alternatively, your business may benefit indirectly by receiving CDE financing for renovations, equipment, expansion or other eligible projects in qualifying low-income communities.

Contact us to learn more. We can help you estimate the potential tax or financing benefits and comply with the applicable requirements.

07/21/2026

Have you made contributions to charity this year? Are you considering making more? If so, it’s important to be familiar with the tax rules so you can maximize your tax benefit — or at least avoid finding out at tax filing time that your charitable deductions are smaller than you expected.

What you donate affects how much you can deduct and the limits that apply. For example, cash donations are generally deductible up to 60% of adjusted gross income (AGI) while property donation deductions are typically limited to 30% or 50% of AGI. And nonitemizers can deduct only cash gifts, subject to a $1,000 limit ($2,000 if married filing jointly).

Many additional rules apply. Contact us with questions.

07/14/2026

It’s easy to focus on the excitement of a big win. But before you spend lottery, gambling or other winnings, be sure you understand the tax impact.

Federal tax law generally treats such winnings as taxable income. Knowing the basic rules can help you avoid surprises when you file your 2026 return next year. For example, if you win more than $5,000, generally the payer (lottery agency, casino, etc.) will withhold 24% for federal tax purposes — which may or may not be enough to cover your tax liability — and send you and the IRS a Form W-2G showing the winnings paid and tax withheld.

There also might be state tax consequences. Contact us to learn more.

Address

6321 Highway 329
Crestwood, KY
40014

Opening Hours

Monday	8:30am - 12pm
	1pm - 4:30pm
Tuesday	8:30am - 12pm
	1pm - 4:30pm
Wednesday	8:30am - 12pm
	1pm - 4:30pm
Thursday	8:30am - 12pm
	1pm - 4:30pm
Friday	8:30am - 12pm

Website

https://www.kingcpa.net/

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