Property taxes are getting a lot of attention in this year’s Indiana legislative session. KSM’s State and Local Tax Practice is tracking a handful of bills under consideration that could affect manufacturers specifically, including SB 436, which is a proposed reduction of the so-called 30% floor for personal property tax reporting.

John Benjamin, president of operations at Scotty’s Brewhouse in Indiana, joins us to discuss best practices for controlling food cost and generating profit.

Sales and use tax audits can be painful, especially for small and mid-sized businesses. For the unprepared, these audits shed light on areas of noncompliance and, more often than not, end with an assessment. Here are five proactive tips to ease the pain before you receive the dreaded audit notification:

As 2014 draws to a close, there are many year-end tax-planning strategies that both businesses and individuals should consider. Read the top-10 list of such considerations, including updates on this week's "tax extenders" legislation, the recent changes included in the Foreign Account Tax Compliance Act, new repair regulations, and others.

Earlier this year, President Obama announced his support to help grow one of the nation’s already fast-growing industries.The manufacturing industry in the United States has filled over 700,000 jobs since early 2010. To capitalize on this growth, the Advanced Manufacturing Partnership (AMP) Steering Committee, which is made up of CEOs, labor leaders, and university presidents, was created as a part of the president’s Council of Advisors in Science and Technology.

Last week, TechPoint released the second in a series of reports on the technology workforce in central Indiana: Defining the Demand—Tech Skills Central Indiana Companies Need to Grow. In it, local employers reveal their struggle to attract top-notch tech talent to the area.

According to a recent article in The Economist, “When cheap is not so cheap,” the U.S. and Mexico are becoming more price-competitive as global manufacturing options.

The results are in from Katz, Sapper & Miller's annual Indiana Manufacturing Survey, and it appears that although Hoosier manufacturing is poised for growth, the industry is threatened by regulatory costs and workforce weaknesses.

A co-management agreement between a hospital and a physician group is an increasing trend among ambulatory surgery centers (ASCs). A hospital will essentially buy out the physician’s ownership at fair market value and will in turn utilize and engage the physician group to oversee and manage the surgery center. 

Manufacturers are experimenting with new ways to use robots in their processes by having them work alongside humans, not just in place of them.