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Seabolt Accepted to Leadership Fort Wayne Program

Posted 3:47 PM by
Josey Seabolt, a CPA in Katz, Sapper & Miller’s Fort Wayne office, has been accepted to Greater Fort Wayne Inc.’s Leadership Fort Wayne program. The Leadership Fort Wayne program aims to train, prepare, and inspire individuals to drive positive change in the Fort Wayne-Allen County community through leadership and civic engagement. The eight-month program consists of nine full-day programs, class projects, community activities, hands-on experiences, and an internship on a not-for-profit board of directors.
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Lee to Moderate Panel at 2018 Kelley School of Business Private Equity Conference

Posted 6:57 PM by
Katz, Sapper & Miller’s Mike Lee, a partner in the firm’s Transaction Services Group, will moderate a panel at 2018 Kelley School of Business Private Equity Conference. The conference, which takes place on Oct. 4 at the Conrad Indianapolis, will gather private equity specialists, investment bankers, and industry professionals to discuss the latest trends and strategies.
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2018 Indiana Manufacturing Survey Results to Be Unveiled Oct. 24 – REGISTER TODAY

Posted 6:25 PM by
Results from the 2018 Indiana Manufacturing Survey indicate that not only are manufacturers now embracing automation, which helps them fuel growth and address the ongoing work shortage, but that they are racing toward it at a faster pace than ever before.
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Scott to Present at Veterinary Hospital Managers Association 2018 Annual Conference

Posted 12:19 PM by
Katz, Sapper & Miller’s Beth Scott, a director in the firm’s Veterinary Services Group, will present at the Veterinary Hospital Managers Association’s (VHMA) 2018 Annual Meeting and Conference. Taking place Oct. 18-20 in Baltimore, MD, the event will focus on equipping veterinary hospital managers with the best practices they need to thrive.
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How the New Revenue Recognition Standard Will Impact the Transportation Industry

Posted 5:04 PM by
Under current revenue recognition standards, transportation companies generally recognize revenue upon delivery of freight to the customer. Related transportation and delivery expenses directly associated with the shipments are recorded once the revenue is recognized. This revenue recognition methodology will change with the adoption of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606). Topic 606 is effective for public companies for periods beginning after Dec. 15, 2017 and for non-public companies for periods beginning after Dec. 15, 2018. Early adoption is permitted.
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Shifting Lanes: How Updated Lease Accounting Standards Are Affecting Dealerships

Posted 7:26 PM by
Most auto dealers participate in leasing in some way, whether they are leasing a building or equipment, operating as a lease here – pay here (LHPH), or are lessors of real estate. That means nearly all auto dealers will be impacted by the Financial Accounting Standards Board’s (FASB) update to the accounting standard for leases under U.S. generally accepted accounting principles (GAAP). The updated standard, which will take effect for private companies for fiscal years beginning after Dec. 15, 2019, will affect both lessors and lessees in different ways.
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Hogan and Royster to Discuss Tax Law and the Wayfair Impact at McLeod Software’s 2018 User Conference

Posted 5:10 PM by
Katz, Sapper & Miller’s Troy Hogan and Stephen Royster, members of the firms Transportation Services Group, will present at McLeod Software’s 2018 User Conference. Taking place Sept. 30 – Oct. 2 in Birmingham, AL, the conference will bring together over 1,000 transportation industry professionals to learn about new tools to improve efficiency, discuss timely topics in the transportation industry, and network with peers.
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Dissecting the New Revenue Recognition Guidance: Step 5 of the Five-Step Framework

Posted 2:22 PM by
Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, as amended, creates a five-step framework for entities to determine when and how much revenue should be recognized. The first article in the ‘Dissecting the New Revenue Recognition Guidance’ series discussed step 1: identifying the contract(s) with a customer. The second article in the series explained step 2: identifying performance obligations in the contract. The third article discussed step 3: determining the transaction price. The fourth article discussed step 4: allocating the transaction price to the performance obligations in the contract. This article focuses on step 5: recognizing revenue when (or as) the entity satisfies performance obligations.
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The 20 Percent Pass-Through Deduction: Proposed Guidance and Its Impact on Trucking

Posted 1:00 PM by
When the Tax Cuts and Jobs Act (TCJA) became law on Dec. 22, 2017 there was interpretation of the law, but little guidance on how taxpayers would implement the qualified business income (QBI) 20 percent pass-through deduction. After more than eight months, the IRS has finally issued proposed regulations. Initial commentary that Section 199A would be taxpayer favorable has been confirmed by the recently issued proposed regulations.
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Abel to Discuss Freight Network Engineering at in.sight Users Conference

Posted 12:55 PM by
Brian Abel, Freight Network Engineer with KSM Transport Advisors, will present at the 2018 in.sight User Conference & Expo, which brings together leaders in transportation for three days of conversations, seminars, and collaborations. Hosted by PeopleNet and TMW Systems, this year’s conference will take place Sept. 9-12 in Houston, TX and will focus on innovation and inspiration within the trucking industry.
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