Tax Strategies for Physicians
Physicians often have complex financial situations due to their high incomes, student loan burdens, and tax liabilities. Without proper tax planning,...
The Kentucky Department of Revenue introduced its revamped Taxpayer Portal at MyTaxes.ky.gov in March, unifying key tax-related functions previously housed on the Kentucky Online Gateway (KOG) and the WRAPS (Withholding Reporting And Payment System). This update streamlines access for businesses managing registrations, filings, and payments.
Streamlined Access to Key Business Taxes
Currently, the portal supports filing and payment for 10 types of business taxes, including:
Other business taxes remain accessible via the Department of Revenue’s main website at revenue.ky.gov.
Improved User Dashboard and Profile Management
Upon logging in, users are greeted with a consolidated view of all active tax accounts, displaying key details such as:
Profile updates—including address, phone, email, and Responsible Party information—can now be handled with ease. The portal’s Service Request feature enables businesses to request account changes, notify the state of closures, or obtain letters of good standing and refunds.
Enhanced Features for Transparency and Control
New additions to the portal include:
Filing and Payment Made Easier
Under the Transactions tab, users initiate filings and payments. The portal auto-fills relevant tax data, allowing users to select and confirm entries through intuitive, step-by-step screens. Once submitted, payment can be made quickly via e-check or credit/debit card.
A Minor Limitation to Note
At present, the system does not allow users to cancel or modify scheduled payments directly online. Instead, changes must be requested via email at PortalHelp@ky.gov. Refund requests can still be submitted through the Service Request feature.
Final Thoughts
After using the new portal extensively over the past two months, we can confidently say it consolidates numerous capabilities into a much more user-friendly platform. Support from the Department of Revenue has been timely and helpful.
If managing payroll, sales tax filings, or bookkeeping is becoming too time-consuming or overwhelming, let the Baldwin Elevate team lighten your load. We offer a range of financial services tailored to help your business thrive.
This article was written by Frances Johnson, CPP. Frances is a Senior Payroll Specialist with Baldwin CPAs. For more information on the support Baldwin CPAs can provide you, contact frances.howard@baldwincpas.com.
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