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Hooper to Moderate Panel Discussion on ELDs at Traffic Club of New York Fall Seminar

Posted 12:30 PM by
Katz, Sapper & Miller’s Randy Hooper with the firm’s Transportation Services Group will participate in the Traffic Club of New York’s 2018 Annual Membership Meeting and Fall Seminar. Taking place Nov. 20 at the Grand Hyatt New York at Grand Central Station, the seminar will provide updates on two of the hottest topics in the transportation industry today – blockchain in logistics and electronic logging devices (ELDs).
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KSM to Certify Votes for Inaugural Freight.Tech 25 Award

Posted 2:47 PM by
Katz, Sapper & Miller is excited to participate as the independent accounting firm to certify the voting process for the FreightWaves Research Institute’s inaugural Freight.Tech 25 award. The award is intended to recognize the most innovative and disruptive companies in freight and will highlight the key organizations that have made significant technological and/or economic advancements to impact the transportation space.
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Trucking Carriers to Learn How to Improve Profitability at Upcoming Seminar

Posted 2:32 PM by
Katz, Sapper & Miller’s Transportation Services Group, along with KSM Transport Advisors and TCA Profitability Program, will present the TCA Profitability Seminar: Filling the Gap Between Knowing and Doing to discuss best practices in the transportation industry. Taking place Dec. 4, 2018 at KSM’s conference center in Indianapolis, IN, attendees will have an opportunity to share their successes, struggles, and strategies while learning about actionable initiatives from industry-leading speakers.
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Additional Ways Tax Reform Will Impact the Transportation Industry

Posted 12:30 PM by
When the Tax Cuts and Jobs Act (TCJA) was signed into law on Dec. 22, 2017, companies in all industries braced themselves for impending changes. The key take away of the TCJA is lower tax rates for both businesses and individuals. However, the impacts of this new tax law are extensive and have left many taxpayers wondering how they will be affected. For the transportation industry, guidelines are continuing to emerge. In addition to the key provisions that were highlighted in our earlier analysis, Top Three Things to Know About How Tax Reform Impacts Your Trucking Company, the following changes will likely affect most trucking companies.
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IRS Updates Transportation Industry Per Diem Rates

Posted 12:00 PM by
The Internal Revenue Service issued Notice 2018-77, updating the special per diem rates under tax code Section 274(d), which is used to substantiate the amount of ordinary and necessary business expenses incurred while traveling away from home.
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Despite Challenges, Trucking Industry Outlook Remains Strong

Posted 4:13 PM by
Nearly 71 percent of all U.S. freight is moved by trucks, making the transportation industry an integral part of the nation’s economy. In fact, changing dynamics in trucking could have a ripple effect to many other industries. To discuss the state of the transportation industry, Katz, Sapper & Miller’s Transportation Services Group along with King & Ballow Law Offices and KSM Transport Advisors, hosted its annual Trucking Owners Business Roundtable in Nashville, TN. Experts offered presentations on benchmarking trends, strategic acquisitions, the current market environment, tax law updates, legislative updates, and other key industry topics. Though the transportation industry still faces some of the same challenges as in recent years, particularly related to driver shortage, the overall outlook for the remainder of the year is positive.
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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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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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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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