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Dissecting the New Revenue Recognition Guidance: Step 1 of the Five-Step Framework

Posted 12:50 PM by
This article provides a high-level summary of Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, as amended, and then focuses on Step 1 of the five-step framework defined in the ASU.
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(i) on Economic Development: Indy’s Mega Redevelopment Projects

Posted 11:40 AM by
Tim Cook and Katie Culp joined Gerry Dick on the most recent (i) on Economic Development to discuss Indianapolis’ large-scale, high-profile redevelopment projects, including what’s at stake and the potential economic impact.
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Miller, Hooper, and Hogan to Present at 2018 McLeod CFO Conference

Posted 8:15 PM by
Katz, Sapper & Miller's Jason Miller, Randy Hooper, and Troy Hogan, with the firm’s Transportation Services Group, will present at McLeod Software’s second annual CFO conference. The event, taking place July 24 at The Westin Nashville, will bring together financial leaders of the country’s top trucking and logistics companies to hear from prominent speakers in the financial, accounting, legal, and banking industries.
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Financial Damage Expert Opinions: What’s the Difference?

Posted 4:20 PM by
When presented with the same set of facts in a contested matter, financial damages experts often arrive at quantification-of-damages opinions with wide disparities. One of the first steps in addressing these differences is to identify where the expert opinions agree or diverge.
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State & Local Tax Update: Connecticut’s Response to Tax Reform

Posted 5:40 PM by
The Connecticut General Assembly recently passed legislation which made changes to the state’s taxing system effective for tax years beginning on or after Jan. 1, 2018. Most significant is the imposition of tax on pass-through entities that are doing business in Connecticut.
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2018 Indiana Manufacturing Survey Now Underway

Posted 1:53 PM by
Katz, Sapper & Miller's 12th annual survey assessing the state of Indiana's manufacturing and distribution industries is now underway.
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Charles to Present at 2018 IMGMA Annual Conference

Posted 12:15 PM by
Katz, Sapper & Miller’s David Charles will present at the 2018 Indiana Medical Group Management Association (IMGMA) Annual Conference. Taking place July 19-20 in French Lick, IN, this conference will offer dynamic educational and networking opportunities for medical practice management professionals.
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O’Neil, Scott to Present Veterinary Financial Management Webinar Series

Posted 6:30 PM by
Katz, Sapper & Miller’s Terry O’Neil and Beth Scott will present “Boosting Your Financial IQ to Maximize Fiscal Performance,” a four-part webinar series hosted by the Veterinary Hospital Managers Association (VHMA) and Veterinary Medical Association Executives (VMAE). The webinars, which will be free of charge for members of veterinary medical associations, will help participants develop a deeper understanding of financial management essentials and understand how to apply their knowledge to improve their practice’s profitability.
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Litigation Activity Keeps Spotlight on Reporting of Foreign Financial Accounts

Posted 12:00 PM by
With penalties including monetary fines and possible jail time, the Internal Revenue Service (IRS) and Department of the Treasury have shown how seriously they treat violations related to foreign financial account reporting. Considering such tough penalties, it is critical to understand who is required to file, what information is needed, and how recent cases could impact you.
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Supreme Court Rules States Can Collect Online Sales Tax

Posted 6:01 PM by
In a 5-4 decision today, the Supreme Court turned the sales tax world on its head by overturning South Dakota v. Wayfair. The decision reverses decades of history related to sales tax nexus and a retailer’s obligation to collect and remit tax when it sold its products across state lines. Disavowing the old physical presence standard established by Quill, the high court’s ruling now opens the door for states to impose an economic nexus standard when it comes to sales tax collection responsibilities.
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