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Business

  • Last-minute tax tips
    • What does the term “adjusted gross income” mean? Adjusted gross income represents the amount of money you earned during a calendar year. It is the amount used to calculate income on your tax forms and is used to calculate your tax bill. This number doesn’t include personal exemptions or itemized deductions.
  • Late filers are taxing the system

    Hundreds of thousands of people routinely wait until April 15 to file their taxes. And with three more days tacked on to the tax calendar this year, you can expect even longer lines at your local accountant’s office up until Monday.

    Toss in the fact that the IRS wasn’t accepting itemized returns until Feb. 14, and it’s caused quite a backup.

    Bettie Hager, at Hager Tax Service, 1008 Main Street, said this year has been even worse than most.

  • Sometimes no refund can be good news

    The average tax refund jumped 10 percent this year to $3,036, and while it might be nice to get that lump sum it might also be nice to have an extra $250 per month.

    “If you have the discipline to save that money and do something with it, it’s much better to get it back over the course of the year,” said Bettie Hager, with Hager Tax Services.

    Getting that big tax return is similar to giving the federal government an interest free loan.

    Pat Gorbandt, with H&R Block, however said each person is different.

  • Top economic recruiters visiting Shelby next week

    Some of the top economic development officials from around Kentucky are going to get a worm’s-eye view of Shelby County this week.

    Approximately 100 members of the Kentucky Association of Economic Development will descend on Shelbyville and Simpsonville starting Wednesday for their 2011 spring conference, staying through Friday to learn more about opportunities to advance economic development trends and efforts to help grow Kentucky.

  • Business Briefcase: April 15, 2011

    Toyota plant in Georgetown
    planning significant hiring

    Despite concerns about cutbacks because of problems related to the earthquake and tsunami in Japan, Toyota Motor Manufacturing, Kentucky, of Georgetown, the automaker’s largest manufacturing facility in North plans is continuing to hire new employees.
    “We are hiring for our variable work force,” plant spokesman Rick Hesterberg told The News-Graphic of Georgetown on Wednesday.

  • State boosts yet another Shelby plant

    Yet another Shelby County industry has plans to upgrade its equipment and more than double its workforce within the next 12 months.
     

    Gov. Steve Beshear dropped in Wednesday to address employees of Superb IPC and announce a $400,000 state economic development tax incentive that will provide for the company’s expansion plans.

    The incentives would allow Superb IPC, an industrial powder coating facility that employs 15, to purchase new equipment that will improve its efficiency and to add 20 jobs.

  • EARLIER: McDonalds franchisee: ‘Would you like a career with that?’

    When McDonald’s kicks off its National Hiring Day on April 19, stores across the country will be looking to recruit close to 50,000 friendly, smiling faces looking to enter the workforce.

    But those who apply could be putting themselves in line for more than they thought beneath the famed Golden Arches.

    For instance, Rick Peter will be hiring more than 70 new employees across his three stores he owns in Shelby County and his stores in Taylorsville and Shepherdsville. And Peter has a history of employees working their way up the ladder.

  • Business Briefcase: April 8, 2011

    Job-seeking classes at extension office

    The Shelby County Extension is offering a class to help job seekers prepare for that process.

  • New business: Insulation To Go

    Address: 1136 Frankfort Road

     

    Who we are:  Mike Roberts, who has been in the insulation business for 36 years in Shelby and surrounding counties, is opening a new outlet in eastern Shelby County.

     

  • Business Briefcase: April 1, 2011

    Fourteen Foods chain
    buys Simpsonville’s DQ

    Fourteen Foods, a restaurant ownership group in Minneapolis, has acquired the Dairy Queen store in Simpsonville as part of a 58-DQ acquisition in Kentucky and Southern Indiana.
    Fourteen Foods now owns 110 Dairy Queens across the upper Midwest and South Central U.S. The store in Simpsonville is located at 791 Front Gate Road, near Interstate 64.