Highland Professional Group

Highland Professional Group We offer Louisville expertise in the areas of tax preparation, bookkeeping & accounting services. The world of tax preparation and planning can be daunting.

So whether you're a regular, tax-paying citizen, a small business owner, or are in charge of your organization's bookkeeping, you can count on Highland Professional Group to provide superior tax preparation services in Louisville, KY. Our moto is Results, Relationships, and Relief. Our team values building trusting relationships with each of our clients and strives to provide personalized service

that fits your needs. From payroll to tax planning to bookkeeping, you can rest assured that come April, your federal, state, and local taxes will be handled properly by our world-class accounting experts. Reach out to Highland Professional Group today to get started!

Hope your weekend isn’t too taxing! Happy Valentine’s Day! 🌹♥️🌹
02/13/2026

Hope your weekend isn’t too taxing! Happy Valentine’s Day! 🌹♥️🌹

We will be closed from Monday, December 22nd through Sunday, January 4th. We will be back in the office on Monday, Janua...
12/16/2025

We will be closed from Monday, December 22nd through Sunday, January 4th. We will be back in the office on Monday, January 5th. Happy Holidays and Happy New Year! 🥂

🧓💵 New Senior Deduction Under OBBBA — What Seniors Should KnowIf you’re 65 or older, you could qualify for a valuable ne...
12/04/2025

🧓💵 New Senior Deduction Under OBBBA — What Seniors Should Know

If you’re 65 or older, you could qualify for a valuable new tax break in 2025. Thanks to the OBBBA, eligible seniors may claim an extra $6,000 deduction ($12,000 for married couples filing jointly) — even if you don’t itemize.

✅ Who Qualifies
Must be age 65 or older by the end of the tax year.
Must file under a status other than “Married Filing Separately.”
Must have a valid Social Security Number on the return.

🧮 How It Works
You get the deduction on top of the standard deduction (or even if you itemize).
For single seniors, that’s an additional $6,000; for married couples (both 65+), $12,000.

⚠️ Income Limits & Phase-Outs
Full benefit for those with lower/moderate income: single filers with MAGI up to $75,000, married couples up to $150,000.
The deduction phases out gradually above those thresholds.

📩 Need help figuring out if you qualify or how this affects your situation? Drop us a message or schedule a consultation. We’re ready to help make your 2025 filing as easy as possible.

How Giving Tuesday can work in your tax plan.If you’ve been considering making a charitable gift, 2025 is an especially ...
12/02/2025

How Giving Tuesday can work in your tax plan.

If you’ve been considering making a charitable gift, 2025 is an especially important year to do it.

Beginning in the 2026 tax year, itemizers who make charitable contributions will face new limits:
🔹 You’ll only be able to deduct charitable gifts to the extent they exceed 0.5% of your AGI.
🔹 For example, a couple with $300,000 AGI will only be able to deduct contributions above $1,500.
🔹 Corporations will face a similar rule, with deductions allowed only for charitable giving that exceeds 1% of taxable income.

✨ In other words: the deductions you’re used to may be reduced in the future—so giving now provides greater tax value.

Your contribution supports the organizations doing incredible work and may offer meaningful tax benefits under the current rules.

📝 “No Tax on Tips” — What You Need to Know (And What to Keep 👇)If you work in a tipped profession — service staff, hospi...
12/02/2025

📝 “No Tax on Tips” — What You Need to Know (And What to Keep 👇)

If you work in a tipped profession — service staff, hospitality, rideshare, salons, etc. — you might benefit from the new “no tax on tips” provision under the One Big Beautiful Bill Act (OBBBA). Here’s the lowdown:

✅ What changed
For 2025 through 2028, eligible workers can claim an above-the-line deduction for qualifying tips — up to $25,000 per return. That could mean lower federal taxable income — which may reduce what you owe or increase your refund.

📄 What counts — and how to document it
Only “qualified tips,” earned in occupations recognized by the IRS as tip-eligible, are covered. Tip income still must be reported correctly. Whether you receive cash tips or credit-card tips shared through a tip pool, they must be recorded and reported per normal IRS tip-income rules.

⚠️ What to watch out for
“No tax on tips” applies to federal income tax only — payroll taxes (Social Security, Medicare) and possibly state/local taxes still apply.

If you get tipped income and want to make sure you claim the deduction properly, we’re here for you. Let’s make your 2025 tax return work in your favor.

📘 Wrap Up the Year With Confidence — Let Us Handle the NumbersThe end of the year is the perfect time to get your books ...
11/30/2025

📘 Wrap Up the Year With Confidence — Let Us Handle the Numbers

The end of the year is the perfect time to get your books in order so tax season is smooth, stress-free, and free of surprises.

Whether you're a small business owner or an individual preparing your 2024 return, our team provides year-end accounting services designed to help you:

✨ Clean up and organize your financial records
✨ Reconcile accounts and catch errors early
✨ Review deductions and tax-saving opportunities
✨ Prepare for new tax changes before filing season hits
✨ Eliminate last-minute scrambling in January and February

Starting early means better accuracy, bigger savings, and faster filing — and we’re here to guide you every step of the way.

📩 Ready to get ahead? Contact us today to schedule your year-end review and make tax season a breeze.

We’ve opened a satellite office 😂 off Barret at Glow Worm Cafe & Play so make sure you stop by and pick up a Dirty Chai ...
07/31/2025

We’ve opened a satellite office 😂 off Barret at Glow Worm Cafe & Play so make sure you stop by and pick up a Dirty Chai Latte from the cafe and check out all they have to offer, especially if you work remote with young kids. We love this great small business offering in Louisville!!

We are excited to announce that Highland Professional Group is a title sponsor of the 2023 Cars in the Commons, hosted b...
05/01/2023

We are excited to announce that Highland Professional Group is a title sponsor of the 2023 Cars in the Commons, hosted by the River City Rippers.

This is an amazing event and all proceeds from the registered car ticket sales will go to Norton Children's Hospital Foundation and L.O.U. Louisville Outreach for the Unsheltered.

Spectators are free admission! We encourage everyone to mark your calendars to see over 300 cars of all makes and models. But most importantly, please help us support two exceptional local charities.

More information and FAQ’s are on www.rivercityrippers.com

Potentially Taxable Events – Did You Know?In addition to traditional income sources like employee wages and business pro...
11/22/2022

Potentially Taxable Events – Did You Know?

In addition to traditional income sources like employee wages and business profits, there are a number of other activities and transactions that the IRS classifies as potentially taxable. It is important to consider all of these “taxable events” for your tax return.

The most commonly overlooked taxable events include:

- Investment income, including receiving stock dividends or cashing in bonds
- Converting a traditional IRA to a Roth IRA
- Forgiveness (discharge) of a loan or other debt, including student loans
- Sale of assets such as vehicles, musical instruments, or a home at a gain (that is, for more than you paid to purchase the assets)
- Sale or exchange of cryptocurrency (like Bitcoin), or making purchases with cryptocurrency
- Withdrawing funds from a retirement plan (or from the cash value of a life insurance policy if you withdraw more than you have paid in premiums)
- Gifts and inheritances

A tax professional can advise you about which events in your life may have tax implications, and how to properly report those events. For example, in some cases, you may only need to declare the event to the IRS if the amount of money involved exceeds a minimum threshold, known as an “exclusion.”

Charitable Contributions Can Reduce Tax on IRA Distributions – Did You Know?In general, distributions from a traditional...
11/15/2022

Charitable Contributions Can Reduce Tax on IRA Distributions – Did You Know?

In general, distributions from a traditional IRA are taxable income. However, if you have a traditional IRA and are age 70 1/2 or older, you may have the option of making tax-free charitable contributions through your IRA. A qualified charitable distribution (QCD) is a contribution made directly to an eligible charity from IRA funds. The account trustee, such as a bank or investment broker, must arrange and execute the contribution.

A QCD counts toward your annual required minimum distribution (RMD). Therefore, if you do not need funds from your traditional IRA this year, making a QCD may enable you to satisfy RMD rules without owing tax on the distribution. You must report QCDs on your tax return on the line for IRA distributions, but you may usually report the taxable portion of a QCD as zero.

Limitations on the nontaxable amount of a QCD may exist, depending on factors like your recent IRA contribution amounts. A tax professional can help you verify your eligibility to make a tax-free QCD, and properly arrange and report the transaction to comply with all IRS rules.

Charitable Donations - Did You Know?If you are thinking of making charitable donations by year-end, the IRS has a tool t...
11/09/2022

Charitable Donations - Did You Know?

If you are thinking of making charitable donations by year-end, the IRS has a tool to make it easier to get information about charitable organizations. The Tax Exempt Organization Search website offers additional information as well as a mobile-friendly interface.

Search tool: hhttps://www.irs.gov/charities-non-profits/search-for-tax-exempt-organizations

2023 Healthcare Open Enrollment - Did You Know?The 2023 open enrollment period for Marketplace health insurance starts t...
11/01/2022

2023 Healthcare Open Enrollment - Did You Know?

The 2023 open enrollment period for Marketplace health insurance starts today, November 1, 2022, and ends December 15, 2022. Plans will start January 1, 2023.

Once the Open Enrollment period is over, you will only be able to enroll if there's a qualifying life event for the Special Enrollment Period.

Enrollment can be done at https://healthcare.gov, and a simple checklist of documents you'll need can be found here: https://marketplace.cms.gov/outreach-and-education/marketplace-application-checklist.pdf.

Address

225 S Hurstbourne Pkwy, 201
Louisville, KY
40222

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Wednesday 10am - 5pm
Thursday 10am - 5pm

Telephone

+15024519800

Website

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