Lost productivity. Absenteeism. Lower retention. Decreased bottom lines. The impact of Northeast Indiana's opioid epidemic continues to expand, and yet many companies - especially in the manufacturing industry - remain unable or unprepared to stem its adverse effects.

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. 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, running afoul of the IRS’s accountable plan rules can jeopardize these savings.

The Financial Accounting Standards Board (FASB) became aware that the definition of collections in the Master Glossary of the FASB Accounting Standards Codification® (ASC) did not agree with the definition used in the American Alliance of Museums’ Code of Ethics for Museums (the Code). The Code had been revised after the issuance of a prior FASB statement, which served as the basis for the definition of collections in the ASC. Accounting Standards Update (ASU) No. 2019-03, Not-for-Profit Entities (Topic 958): Updating the Definition of Collections, was issued to realign the definition used in the Master Glossary of the ASC with the definition used in the Code.

KSM has come a long way from our days as a small, dedicated CPA firm. Over the years, we have grown to become one of the nation’s leading names in our industry—and we are proud of both where we have been and where we are headed. Check out KSM's 2018-19 Annual Review to learn about the history of our firm, what we are thinking, and where we are headed.

Kevin Sullivan, partner in Katz, Sapper & Miller’s Buy Here – Pay Here Services Group, will present at the National Independent Automobile Dealers Association’s (NIADA) 2019 Convention. Taking place June 17-20 in Las Vegas, NV, the event brings together car dealers from across the country to discuss the latest industry trends and network with other industry professionals.

As is the case after every legislative session, taxpayers will see gains and losses. When it comes to business personal property tax in Indiana, taxpayers will certainly gain.

DISA Global Solutions, formerly Midwest Toxicology Services (DISA/MTS), regularly handles sensitive data in its role as a third-party substance abuse testing administrator. To better serve its clients, DISA/MTS was motivated to thoroughly examine its internal control environment regarding operational, security, and confidentiality risks.

The Affordable Care Act turned the traditional healthcare business model on its head by reducing fee-for-service reimbursement levels and turning the focus toward value. Now the questions that every hospital and health system leader must answer are: How can we improve population health and patient care in a value-based environment, and what is the appropriate level of investment?

A Guide to Best Practices was created by our Veterinary Services Group with a single objective in mind: helping you run a healthy, efficient, and profitable veterinary hospital.

The U.S. Supreme Court recently shifted one of the foundational principles that determine how a state can tax business transactions within its boundaries. This change will have a cascading effect in the deal space. In South Dakota v. Wayfair (Wayfair), the court held that an out-of-state company could establish nexus by exceeding certain thresholds of dollar volume or number of sales into the state, a standard known as “economic nexus.” Moving forward, potential buyers and sellers need to understand the new complexities the Wayfair decision has added to the due diligence process. It is more important than ever to have deep knowledge of what the target business sells, where it has established nexus, and whether or not it has complied with obligations in those states.