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Trucking Owners Business Roundtable Highlights

Posted 3:27 PM by
In their presentation to attendees, Tim Wiseman, Jack Finklea, Todd Metzger and Greg Ostendorf of Scopelitis provided a Transportation Law Update; and Jason Miller, Mark Flinchum and Donna Niesen of KSM provided Accounting, Tax, and State and Local Tax Updates.
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Our Own Dreamliner

Posted 6:41 PM by
For us aviation and manufacturing buffs, today was a landmark day as Boeing delivered its first substantially composite passenger jet (787 Dreamliner) to All Nippon Airways in Tokyo.
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Medicare Re-enrollment for Physicians: Another Anti-Fraud Effort

Posted 1:46 PM by
In an effort to weed out physicians and other providers that are not eligible to participate in the Medicare program, over 1.4 million current enrollees will have to go through a re-enrollment process. The re-enrollment period is 60 days and revalidation requests will be issued continuously between now and March 2013.
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Upcoming Event - TransForum 2011 User Group Conference

Posted 9:02 PM by
Tim Almack, Partner-in-Charge of Katz, Sapper & Miller's Transportation Services Group, will present at the upcoming TransForum 2011 User Group Conference in Dallas, TX sponsored by TMW Systems, Inc. on the concept of developing a problem-solving process within trucking companies that can help remove internal barriers to profit improvement.
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Pitfalls in Analyzing Fair Market Value of Physician Compensation - Stacking

Posted 12:01 PM by
The issue of "stacking" compensation comes up as discussion point on fair market value engagements routinely. Simply put, stacking generally means being paid for two different services at the same time.
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The Time is Now for Private Company Financial Reporting

Posted 7:32 PM by
The majority of manufacturing companies provide their financial statements on Generally Accepted Accounting Principles. However, GAAP has primarily been designed to fit the needs of large publicly trade companies. Most manufacturers would not fall into this category, and at times find that applying GAAP to their financial statements is both time consuming and costly. 
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Steel Imports Rise

Posted 2:59 PM by
According to preliminary data issued by the U.S. Department of Commerce, hot-rolled steel imports in July increased 43% over June levels to 297,157 metric tons. This hot-rolled figure is the highest monthly import total for hot-rolled steel since the pre-recessionary days of November 2006.
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Upcoming Event: Trucking Owners Business Roundtable - Current Issues in Transportation

Posted 9:07 PM by
As part of an ongoing series co-sponsored by Katz, Sapper & Miller, LLP, KSM Transport Advisors, LLC, and Scopelitis, Garvin, Light, Hanson & Feary, KSM will be hosting our next Trucking Owners Business Roundtable on September 13. 
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Changes to Goodwill Impairment Testing

Posted 4:36 PM by
It is not uncommon for a manufacturing entity to have goodwill reported on its financial statements.  Historically, goodwill would be tested at least annually for impairment, by comparing the estimated fair value of the reporting unit with the carrying amount of that reporting unit.
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Pitfalls with Using Opportunity Cost for Medical Direction Compensation

Posted 3:27 PM by
A common question we get is whether or not a physician's clinical hourly rate is a valid starting point for determining the fair market value of medical direction services. The theory to support the argument is that a hospital needs to be competitive with the physician's other income producing activities to be able to attract the physician to do the work it needs a physician to do.
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