Congress recently enacted significant changes to IRS rules regarding audits of partnerships and limited liability companies (LLCs) that will soon take effect. The changes are expected to dramatically increase the IRS audit rates for partnerships and LLCs and will require partners and LLC members to revise their partnership agreement (operating agreement for LLCs). The new rules generally apply to partnership tax years beginning after 2017. Continue reading “Significant Changes to IRS Audits of Partnerships”
Louisville’s Fast 50 Company Rankings Announced
Honored to be a Partner in Philanthropy
“We are honored to be named to the Louisville Business First Partners in Philanthropy list again this year,” said Sally Campbell, CPA and manager of operations for Harding, Shymanski & Company’s Louisville office. Continue reading “Honored to be a Partner in Philanthropy”
2017 Monitor Report Identifies Top Manufacturing Trends
RSM US LLP recently released the 2017 RSM Manufacturing Monitor Report. Again this year, manufacturers seem optimistic as rising revenues and profits help spur investments in information technology, research and development, equipment and training.
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Successful Succession Planning Strategies
(Published in Construction Accounting and Taxation, May/June 2017 issue)
As 70 million baby boomers reach retirement age, it is estimated that 12 million privately owned businesses will sell or bequeath assets worth $10 trillion over the next two decades.1 Proper succession planning is just as crucial for the boomers’ employees as it is for the exiting business owners. Our firm has seen a steadily growing number of contractor clients enter into business transactions over the past two years, and there are many more working on plans for that day. Continue reading “Successful Succession Planning Strategies”
KY F.A.M.E.: Advanced Education for Next Generation Manufacturers
At this year’s Metro Manufacturing Alliance Summit, Toyota’s Denis Dio Parker spoke on how Toyota, and other companies, are solving the problems of an aging technical workforce and filling new technical jobs with young, highly-skilled workers.
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Nominate Now for Louisville’s Fast 50 Awards
Nominations are now being accepted for Louisville Business First’s 2017 Fast 50 Awards. The Fast 50 Awards program
recognizes privately-held companies in the Greater Louisville area that have experienced significant growth in revenue. Nominations can be submitted online until May 26th, and winners will be announced in October. Harding, Shymanski & Company, P.S.C. is proud to sponsor the awards that recognize some of the most dynamic companies in the Greater Louisville area.
Special Report: Administration’s 2017 Tax Reform Outline
The White House released President Trump’s “2017 Tax Reform for Economic Growth and American Jobs” last week. The outline calls for dramatic tax cuts and simplifications, including: lower individual tax rates under a three-bracket structure, doubling the standard deduction, and more than halving the corporate tax rate; along with changing the tax treatment of pass-throughs, expanding child and dependent incentives, and more.
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Increase Patient Engagement in Your Practice
More and more patients want to be involved in managing their health care. Empowering patients to schedule their own appointments and manage correspondence, refills, and prior authorizations can lead to higher levels of patient engagement and satisfaction.
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Brackets for Good Louisville 2017 Champion Crowned
On Friday March 31st, Neighborhood House was crowned Brackets for Good Louisville 2017 Champion. Neighborhood House raised over $13,000 in the championship round to score an additional $10,000 donation for winning the tournament.
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