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KSM to Help Lead Discussion on Fort Wayne Opportunity Zones

Posted 6:00 PM by
KSM’s Chad Halstead will present at “Leveraging Opportunity Zones,” an informational event presented by Greater Fort Wayne Inc. and the Northeast Indiana Regional Partnership on the newly created Qualified Opportunity Zone program.
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2019 Indiana Legislative Update

Posted 3:50 PM by
Hello, and welcome to KSM’s annual Legislative Update. You’ll find detail after detail about what legislative actions the 2019 Indiana General Assembly took in the world of tax and economic development.
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A Qualified Opportunity Zone Trap for the Unwary

Posted 6:00 PM by
When depreciable and real property (usually buildings and equipment) used in a trade or business and held for more than one year is sold, the result is typically something called “Section 1231 gain.” Absent recapture rules, this gain is treated as capital gain, but it must first be netted against any losses from other sales of 1231 property during the tax year.
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Grow Your Orthopedic Practice by Using Data

Posted 4:00 PM by
Orthopedic executives, like so many others in healthcare, are trying to navigate the transition to value-based care while running a practice that operates smoothly and is financially successful. But navigating new reporting requirements, medical and technological advances, and new care delivery models doesn’t leave much time for combing through benchmarking data to find actionable insights that can help improve a practice’s operations and finances.
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KSM to Discuss Lease Accounting and ESOPs at American Trucking Associations' (ATA) NAFC Annual Conference

Posted 7:37 PM by
KSM professionals will participate in the upcoming 2019 American Trucking Associations' (ATA) NAFC Annual Conference. Taking place June 10-12 in Indianapolis, IN, t­he conference provides educational and informative sessions to discuss current financial issues facing the trucking industry with the goal of delivering practical solutions.
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Tax Reform Update for Buy Here – Pay Here Dealers: What Has Changed and What Comes Next?

Posted 7:05 PM by
The Tax Cuts and Jobs Act (TCJA) passed by Congress in December 2017 may seem like old news, but many buy here – pay here (BHPH) operators are just now feeling the impact of the changes on their tax returns. So, what looks different on your tax return this year, and what can you do to prepare for next year? The following is a summary of key provisions for BHPH operators and some practical takeaways:
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Where's "My" Freight?

Posted 8:51 PM by
What a difference a few months makes. The highly anticipated truckload capacity crisis and the ensuing truckload rate party lasted from late 2017 through late 2018. Beginning in early 2019 … surprise … the rate party was over. It feels like carriers have quickly gone from the best party since deregulation in 1980 to potentially the biggest hangover ever!
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Determining the Category of Filer for Form 5471 With Respect to Ownership of Foreign Corporations

Posted 5:30 PM by
The Tax Cuts and Jobs Act (“TCJA”) that was passed at the end of 2017 was meant to simplify the tax code. However, in the international tax realm, the complexity has only increased. This is certainly true of the revised form and instructions for Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations, as of December 12, 2018 for the 2018 tax filing season. These revisions significantly change the form, and the instructions expand the categories of filers for this form.
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Standards Update: 5/29/19

Posted 12:03 PM by
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). Below are select ASUs that were recently issued.
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State & Local Tax Update: Indiana Follows Trend, Adopts Market-Based Sourcing

Posted 8:45 PM by
Over the past five years, many states have moved from cost-of-performance methodologies to market-based sourcing, modifying sourcing of receipts (other than of tangible personal property) and creating additional tax revenue from out-of-state service providers. On May 1, 2019, Indiana followed suit when Gov. Eric Holcomb signed Senate Bill 563 into law.
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