For the past 12 years, Chad Halstead, 39, has helped land government incentives for some of the area’s biggest real estate developments. As part of his work, he’s also brushed up on the updated tax code and taken the lead on local projects using Opportunity Zones.

One of the most significant career events for a business owner is selling his or her company. The stakes are high, and a financial payout is on the line. While an audit or review of the company’s financial statements confirm that management has presented the financial position and results appropriately, they won’t identify key risks and issues that will interest buyers.

Katz, Sapper & Miller’s Tim Almack, partner-in-charge of the firm’s Transportation Services Group, is featured in the 100th episode of Brand Outcomes’ podcast, “Recruit & Retain: Trucking Edition” hosted by Chad Hendricks. This episode focuses on how trucking companies can use process improvement to become more profitable in a marketplace full of rate pressures and shrinking margins.

One of the most common questions a financial damages expert gets at a deposition or trial is, “Did you follow any standards in forming your opinion?” Until just recently, and depending on the assignment, the answer to this question was not always as easy as one might think. While all CPAs must abide by the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct (which requires professional competence, due professional care, planning and supervision, and sufficient relevant data), no statements on an authoritative standard existed specifically for those providing forensic services.

INDIANAPOLIS, IN – Katz, Sapper & Miller (KSM) has been named one of the “Best of the Best” accounting firms in the country by INSIDE Public Accounting (IPA) for an 18th time.

The Tax Cuts and Jobs Act of 2017 added a new anti-deferral rule known as Global Intangible Low-Taxed Income (GILTI). The GILTI provisions impact taxpayers that own an interest in certain foreign corporations that are classified as controlled foreign corporations (CFC). Below is a brief background on the basic GILTI rules as well as highlights of significant developments in the final regulations that were issued in June 2019.

Katz, Sapper & Miller’s David Blish will be a featured panelist in the Indianapolis Business Journal’s (IBJ) Power Breakfast Series: Healthcare/Benefits. Taking place Sept. 26 at the JW Marriott in downtown Indianapolis, the event will bring together local healthcare leaders and executives to discuss current industry issues and trends.

Not-for-Profit Services Group to help organizations navigate and understand Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606).

Oregon’s recently established Corporate Activity Tax (CAT) was amended July 23 when Gov. Kate Brown signed H.B. 2164 into law. The CAT, effective for tax years beginning on or after January 1, 2020, is based on Oregon gross receipts and provides taxpayers a 35% subtraction based on the greater of compensation or cost inputs.

In the aftermath of tax reform, which impacted company drivers by eliminating the personal income tax deduction for out-of-pocket business expenses, more carriers are considering implementing per diem plans to help offset this change. By recognizing the portion of driver pay that encompasses these expenses, per diem plans can provide clear payroll and income tax savings, and in many cases provide drivers with more after-tax pay than under the previous deduction model. However, it is important to be aware of the IRS’s accountable plan rules in order to remain compliant and not jeopardize potential savings.