The Livesay Group PLLC

The Livesay Group PLLC The Livesay Group is an accounting firm providing individuals and businesses with tax, payroll, and

As a proactive, forward-thinking firm, we want to reach out to you in a modern, time-efficient way. Our free app offers powerful calculators and efficient finance tracking tools, including a receipt manager and mileage tracker, all easily accessible from your phone. To access these tools and much more, download the App free onto your iPhone, iPad or Android devices - just search “Livesay Group”!

It’s a winning combination. You bring the mission, vision and strategic objectives; we bring savvy tax planning, accurat...
03/31/2026

It’s a winning combination. You bring the mission, vision and strategic objectives; we bring savvy tax planning, accurate bookkeeping, reliable accounting and proactive business advice. Our financial expertise can help you achieve strong compliance, make informed decisions, and strive for long-term growth and profitability. Call us today at (859) 296-1913 to schedule a consultation.

If you’re a nonresident alien (that is, you’re neither a U.S. citizen nor a U.S. resident) but you live part of the year...
03/30/2026

If you’re a nonresident alien (that is, you’re neither a U.S. citizen nor a U.S. resident) but you live part of the year in the U.S. and own property here, there’s good news and bad news in regard to estate tax law. The good news is that you’re subject to U.S. gift and estate taxes only on property that’s “situated” in the U.S. Also, you can take advantage of the $19,000 gift tax annual exclusion. The bad news is that your estate tax exemption drops from $13.99 million to a minuscule $60,000. So substantial U.S. property holdings can result in a big estate tax bill. Contact us at (859) 296-1913 for more information.

Choosing the head of household (HOH) tax filing status may reduce your 2025 tax bill. HOH status offers a higher standar...
03/27/2026

Choosing the head of household (HOH) tax filing status may reduce your 2025 tax bill. HOH status offers a higher standard deduction, and in some cases, more favorable tax brackets than if you were to file as single. To qualify, you must have been unmarried (or considered unmarried) on Dec. 31, 2025; have paid more than half the cost of maintaining your home; and have had a qualifying dependent living with you for more than half the year. If you’re living with the other parent of your child but not married, only one of you can claim HOH status. The rules for HOH status can be complex, especially for divorced or separated parents. We can help you determine if you qualify. Contact us at (859) 296-1913.

It’s common for small businesses to work with friends, relatives and affiliated companies. After all, they can be loyal ...
03/25/2026

It’s common for small businesses to work with friends, relatives and affiliated companies. After all, they can be loyal workers and trustworthy business partners. But if related-party transactions aren’t handled properly, they can distort financial results, affect loan eligibility and even trigger IRS scrutiny. We can help you identify and record these transactions at market terms. Proper documentation supports compliance and provides clearer insight into how these arrangements affect cash flow and profitability. Contact us at (859) 296-1913 to keep your books accurate and transparent.

If you own a business, you can leverage your annual gift tax exclusions ($19,000 per recipient for 2026) and your lifeti...
03/24/2026

If you own a business, you can leverage your annual gift tax exclusions ($19,000 per recipient for 2026) and your lifetime gift and estate tax exemption ($15 million for 2026) by gifting ownership interests. These interests may be eligible for valuation discounts for lack of control and marketability. Another way to benefit from valuation discounts is to set up a family limited partnership (FLP). You fund the FLP with assets such as public or private stock and real estate, and then gift limited partnership interests. Contact us at (859) 296-1913 for additional details.

You’ve spent time and money building your business, and it’s now probably your most valuable asset. So safeguarding that...
03/23/2026

You’ve spent time and money building your business, and it’s now probably your most valuable asset. So safeguarding that wealth is critical. The good news is that there are many ways to help ensure it remains a lasting source of security for you and your family. Our team can help you identify and implement wealth management strategies that protect what you’ve built while preserving your business’s value and competitive edge. Contact us at (859) 296-1913 to get started.

If you’re thinking about starting a business, make sure you understand your federal tax responsibilities before opening ...
03/20/2026

If you’re thinking about starting a business, make sure you understand your federal tax responsibilities before opening your doors. IRS Publication 583, Starting a Business and Keeping Records, covers the basics. Your business structure (such as a sole proprietorship, partnership, limited liability company or corporation) determines which forms you must file and which taxes apply, including income, self-employment, employment and excise taxes. You may also need an Employer Identification Number for tax purposes, and you should be aware of your recordkeeping requirements. Starting a business is exciting, and getting the tax details right is important. We’re here to help. Call us at (859) 296-1913.

If you itemize deductions, you may be able to claim the medical expense deduction to the extent your eligible expenses e...
03/18/2026

If you itemize deductions, you may be able to claim the medical expense deduction to the extent your eligible expenses exceed 7.5% of your adjusted gross income. This floor can be difficult to exceed, but “bunching” expenses into a single year instead of spreading them over two years can help. Of course, health comes first, so don’t delay essential care just to save taxes. Contact us at (859) 296-1913 to discuss whether a bunching strategy could make sense for you.

Staying on top of your tax, retirement and estate planning is essential to protecting your financial future. We can help...
03/17/2026

Staying on top of your tax, retirement and estate planning is essential to protecting your financial future. We can help you keep these pieces aligned by ensuring your tax strategy is efficient, your retirement planning stays on track, and your estate plan reflects your goals and current laws. With proactive oversight, you can avoid costly surprises and maintain long-term financial confidence. Contact us at (859) 296-1913 for personalized guidance.

Many businesses today outsource one or more of their IT functions to save money. Yet if you don’t manage the risks invol...
03/16/2026

Many businesses today outsource one or more of their IT functions to save money. Yet if you don’t manage the risks involved, you could end up spending more and getting less in return. For example, slow support times or services that don’t match your objectives or employees’ needs can undermine productivity. Contact us at (859) 296-1913 for help evaluating a prospective IT outsourcing arrangement or assessing the ROI of an existing one.

The IRS is reminding taxpayers of new deductions available this tax season. If you’re 65 or older, you potentially can c...
03/13/2026

The IRS is reminding taxpayers of new deductions available this tax season. If you’re 65 or older, you potentially can claim an additional $6,000 deduction. Depending on your occupation, you may be able to deduct up to $25,000 in qualified tips. You may also be able to deduct up to $12,500 in qualified overtime ($25,000 if you’re married and file jointly). If you took out a vehicle loan in 2025, you possibly can deduct up to $10,000 in interest paid. But all these breaks are subject to additional rules, and they phase out when income exceeds applicable limits. If you’re eligible, you can claim these deductions whether you itemize or take the standard deduction. Contact us at (859) 296-1913 with questions.

Address

185 Pasadena Drive, Ste 255
Lexington, KY
40503

Opening Hours

Monday 9am - 4pm
Tuesday 9am - 4pm
Wednesday 9am - 4pm
Thursday 9am - 4pm
Friday 9am - 4pm

Telephone

+18592961913

Website

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