Kentucky Press News Service
Frankfort – New business owners will find the Kentucky Business One Stop Portal even easier to navigate, thanks to new time- and cost-saving features. With a single log-on at onestop.ky.gov, business owners can register with both the Secretary of State’s Office and the Department of Revenue, file their withholding tax return and renew Occupations & Professional licenses.
“Citizens and businesses expect easy, reliable and accessible government in an online marketplace environment,” Gov. Steve Beshear said in a news release. “These new portal features will make it easier for businesses to incorporate, register for a tax identification number, or conduct other business with state government.”
One of the most noticeable changes is that when a business receives approval, the applicant will see their transactions on a “dashboard.” From the dashboard the owner can access all pertinent information including the automatically assigned tax account numbers and the ability to immediately view and print a Sales and Use Tax Permit.
“Expanding and improving the portal in order to increase efficiency for both businesses and government agencies has been a top priority of mine,” Secretary of State Alison Lundergan Grimes said in the release. “We’ve already seen substantial time savings through the portal, and these exciting new features will allow new businesses to spend even less time interacting with government, and more time creating jobs and stimulating our economy.”
Other new interactive features mean changes take place in real time and include:
· A unique Commonwealth Business Identification number (CBI), which will eventually be the only number that a business needs to interact with state government.
· A streamlined central registration system. Now a business will need to enter or update only once “common information” such as business name, address and phone number.
· The capability for businesses to manage security for their own data by delegating access to other individuals such as lawyers, accountants or managers.
Phase one enhancements went live on April 30. Already more than 1,500 new businesses have registered and nearly 1,500 registration applications are in progress. Phase two of the portal will launch in late August or early September and will allow existing businesses to manage their information from the portal.
“This truly has been a team effort among agencies,” said Lori Flanery, secretary of the Finance and Administration Cabinet. “We’ve had a great deal of collaboration and we’re all looking forward to bringing more agencies into the portal as work continues.”
“The new features of One Stop will make it easier for businesses to work with all facets of government,” Secretary Larry Hayes of the Kentucky Cabinet for Economic Development said. “Now, companies can spend less time cutting through red tape and more time running their businesses and exploring opportunities for success.”
The Kentucky Business One Stop Portal was originally created in 2011 to simplify and streamline business interactions with different government agencies. It is as a partnership of the Office of the Secretary of State, the Finance and Administration Cabinet, the Cabinet for Economic Development, and the Commonwealth Office of Technology. More features and other state agencies will be added in the future, the news release said.