New Tax Guide a Valuable Asset for Indiana Businesses

We take great pride in helping to educate our members and customers through our many publications. The latest example is the newest edition of the Indiana Taxation Handbook, a valuable resource for those who deal with Indiana tax issues.

As a result of changes in tax law and policy over the last two legislative sessions, new and revised sections of the Indiana Tax Handbook: 2013-14 Edition include:

  • Elimination of the Indiana Inheritance Tax
  • Reduction in the Indiana Corporate Income Tax
  • New consolidated filing options for Indiana businesses
  • Overview of the new rolling reassessments for real property in Indiana
  • Adjustments to the property tax appeals process, and new obstacles that must be overcome in appealing property tax assessments
  • Impact of the automatic taxpayer refunds, and where Indiana taxpayers will receive savings

This informative publication is authored by attorneys at Ice Miller, LLP and is available for $111.75 for Indiana Chamber members and $149 for non-members. Order your copy today by calling (800) 824-6885 or through our web site.

Court Strikes Down Controversial NLRB Poster Requirement

This issue has been kicked back and forth in the court system in the last couple of years. There finally appears to be some closure, much to the relief of America's business community. The Hill reports:

Industry groups, which quickly challenged the rule after it was issued, cheered the ruling. Jay Timmons, the president and chief executive of the National Association of Manufacturers, pledged to remain vigilant against the “rogue” NLRB.

“The poster rule is a prime example of a government agency that seeks to fundamentally change the way employers and employees communicate,” Timmons said in a statement. “The ultimate result of the NLRB’s intrusion would be to create hostile work environments where none exist.”

Judge A. Raymond Randolph, who wrote the decision for the U.S. Court of Appeals for the District of Columbia, suggested the rule was a clear violation of free speech rights because the government “selected the message and ordered its citizens to convey that message.”

Freedom of speech, Randolph wrote, “includes both the right to speak freely and the right to refrain from speaking at all.”

The court did not rule on whether the union poster regulations were constitutional, deciding only that the NLRB exceeded its legal mandate…

Business groups argue the NLRB has favored unions under President Obama's administration and pointed to the poster rule as one of the most egregious examples.
 
“Today’s decision is a monumental victory for small-business owners across this country who have been subject to the illegal actions of a labor board that has consistently failed to act as a neutral arbiter, as the law contemplates,” Karen Harned, executive director of National Federation of Independent Business's Small Business Legal Center, said in a statement.

The advocacy group National Right to Work called the NLRB’s poster rule an “outrageous effort to transform itself into a taxpayer-funded arm of union organizing.”

This is the second major court defeat for the NLRB in recent weeks. The same appeals court ruled in January that Obama’s recess appointments to the board were illegal and therefore invalid. The independent agency is tasked with prosecuting unfair labor practices and conducting union elections.

“Stopping the NLRB’s burdensome agenda of placing itself into manufacturers’ day-to-day business operations is essential to preventing further government-inflicted damage to employee relations in the United States,” Timmons said.

VIDEO: Pres. Brinegar Wraps up the 2013 Legislative Session

Chamber President Kevin Brinegar offers a two-minute wrap-up of the 2013 legislative session. Highlighting his review are thoughts on the new budget, tax relief and critical education and workforce development issues.

On the Job Hunt? Remember These Few Interview Dos and Don’ts

Twice now I’ve had the pleasure of venturing back to my alma mater (Franklin College) and helping the journalism department with some student mock job interviews. In the interviews, I am the employer and the student is testing out his or her interviewing skills, with the ultimate goal of helping the students build confidence in those skills.

I came across this infographic on Ragan Communications and found it pertinent to that experience and to anyone currently searching for a job. If you’re getting ready to interview or if you’ve had no luck in landing new employment, read on for some helpful guidelines that might just tip the scales in your favor next time.

Make sure you’ve done your research. Of 2,000 employers surveyed, 47% said the No. 1 mistake job seekers make during interviews is having no knowledge about the company.

Another one to be aware of (but this should come as no surprise): 65% of employers say clothing influences the decision between two candidates. But don’t think being overly fashionable or trendy will land you the job: 70% of employers claim they don’t want applicants who dress that way. Aiming for modest and professional is probably your best bet. And don’t go too heavy on the perfume or cologne. Your interviewer can’t focus properly on your responses if there’s a giant pink cloud of perfume surrounding you.

When I work with college students, most have some serious handshake work to do – and 26% of employers also see a weak handshake as tanking your probability of landing the job. Other physical actions that aren’t great: failure to make eye contact, not smiling, hunching over, keeping your arms crossed over your chest, making too many hand gestures, or just simple fidgeting.

The infographic also gives some handy lists to help with your interviewing, but here’s a quick one to keep handy:

  1. Learn about the organization.
  2. Have a specific job in mind.
  3. Review your qualifications for the job.
  4. Be ready to briefly describe your experience.

Good luck!

‘Doc’ Bowen’s Basketball Connection

The accolades and tributes are rightfully pouring in for Otis "Doc" Bowen. The former legislator, governor and member of Ronald Reagan's Cabinet passed away over the weekend at the age of 95.

I was a student during Bowen's two terms as governor (1973-81). For several of those years, our basketball coach at East Central High School (southeastern Indiana, near Cincinnati) was Rick Bowen, the governor's son. Duties in Indianapolis and around the state certainly kept the state's executive leader busy, but I do recall a few visits he was able to make to St. Leon.

I'm not exaggerating when I say those were very, very special nights at the old high school gym. As a member of the basketball program (statistics and sports writing as my lack of speed and jumping ability had caught up with me by that time), I did have the opportunity to speak briefly with the governor. He was, of course, humble and wanted to talk about his son and our team on the court.

I've read more than a few stories about Bowen, his accomplishments and his classic small-town Hoosier style. He was an outstanding ambassador for our state, no matter what role he was serving. Our best wishes to his family and friends.

 

Writing is the Right Stuff for This Guy

I came to the Indiana Chamber slightly more than 15 years ago partially out of a desire to return to my writing roots. Newspaper reporting and other writing had evolved into managerial duties that primarily included editing and page layout (that's another story for another time).

The writing part started on Day 1 and has never really stopped. If variety is the spice of life, I can skip the spice aisle at the local grocery. Fifteen years of BizVoice magazine have delivered numerous story opportunities on subjects ranging from education and taxes to economic development and business success stories.

But we do a lot more at the Indiana Chamber, which involves many forms of writing. Some of the ongoing projects/initiatives that we're working on for our members and investors:

These are a few example of what keeps life interesting around here. Not to mention the scripts, presentations, press releases, fact sheets and other items that help achieve the Chamber mission.

SmartFile Awards Innovation in Bake-Off Contest

Our communications VP Tom Schuman penned this blog back in February about SmartFile's technology bake-off contest. If you dig innovation — and would like to see more of it in Indiana — you'll be on board with this. The winners were announced last week, and congrats to IUPUI students Ani Chan and Manpreet Singh for their honors.

“I don’t think I’ve ever been so simultaneously shocked and happy in my life,” said Chan. “Aside from being able to hold one of those ridiculously huge checks like a lottery winner, the best part of the competition was the validation that comes from building something from start to finish. Sometimes as a college student, it’s easy for your projects to go unnoticed, so it’s nice to receive feedback and interest from likeminded people and successful business leaders.”

Indiana college students were challenged to develop an open source application that interacts with the newly released SmartFile API over a period of 50 days. To help teams finish development, SmartFile hosted a 24-hour “Bake-Off-A-Thon” a week prior to submission to help finalize development. Registered students accepted the challenge to showcase their talents, but only nine qualified for the finals. Five of Indianapolis’ top business thinkers listened to five-minute pitches from the finalists before then scoring each “app” electronically in the following five categories: Innovation, Utility, Use of SmartFile Platform, Design and User Experience.

The top four teams re-pitched their applications to the Bake-Off party audience who then voted electronically before “Team Octodog” was crowned champion. Purdue University students, Eric Lovelace and Levi Miller, from  team "Winnovation” were awarded second place and received $5,000 for their mobile-app “SmartBox.”  Rose-Hulman Institute of Technology students, Erik Sanders and AJ Piergiovanni, from team  "Dangling Pointers” were awarded third place and received $2,000 for their web-app “ReciCopy.”

John Hurley, SmartFile’s President and Co-Founder, said the judges were impressed with the caliber of work, which made choosing the winners difficult. “But Team Octodog amazed everyone with an impressive and functional application with the right combination of entrepreneurial spark, innovation, real-world viability and skillful development.”

SmartFile’s Bake-Off was not only created to inspire and facilitate engagement between this next generation of programmers, but also to help develop the ecosystem for SmartFile’s new “platform” initiative.  During the ceremony, Hurley announced that “the online file platform” from SmartFile would now be FREE for developers who sign up for a beta account. Offering unlimited transfer and 100GB of storage space allows SmartFile to cater to the underserved development community. An official announcement for the online file platform initiative will be made in the coming week.

For more information about the ‘2013 SmartFile Platform Bake-Off’, please visit www.smartfile.com/bakeoff/. More details about SmartFile’s development can be found at www.smartfile.com/developers/.

Boston Magazine Changes Cover on the Run, Reflects Spirit of Recovery

For all Americans, there are many dates that resonate, sadly, all too well. For me, the first was the Challenger explosion. I remember exactly where I was at the moment the shuttle erupted in the sky. I can still picture all of my classmates crowded in the tiny gymnasium of my small elementary school, watching on TV.

Or learning about the Columbine tragedy from the couch of my first apartment. Who can forget where you were when the first plane struck the World Trade Center, or when an elementary school in Connecticut transformed into a killing field? Sadly, we can add one more event to the list. On Monday, April 15 we all stopped in horror as bombs exploded at the finish line of the Boston Marathon.

We witnessed people from all over the country – but especially Bostonians themselves – come together in support of a city. On Facebook, people replaced profile pictures with images of shoelaces twisted into ribbons, a sign of support for the runners, spectators and everyday citizens affected by the terror. One of the most poignant acts of solidarity in my mind was the playing/singing of “Sweet Caroline,” the Boston Red Sox’ unofficial anthem, in stadiums and ballparks across the nation, including at the home of Boston’s nemesis, the New York Yankees. Elsewhere, the Milwaukee Brewers showed a video tribute to the city of Boston at a recent home game that included the theme-song from Boston-based “Cheers.” And nothing gave me chills more than at the entire crowd singing the "Star Spangled Banner" at the Boston Bruins first home game after the bombing.

So how does a magazine capture all that emotion? Can it even be done? The answer is a resounding yes, as Boston Magazine proved.  The magazine’s current cover features hundreds of shoes worn by runners in the April 15 marathon set up to form a heart, with the words “We Will Finish The Race” in the negative space. It is a simple but poignant image.  And it is all the more amazing given the deadline staff faced.

Staff members at the magazine were in the midst of wrapping up their May issue when they got news of the explosion. They immediately knew they had to do something that would re-write their magazine, literally. I can tell you from my experience to have to do what they did, change the direction of the magazine, is an incredible undertaking. Scrapping much of their content in honor of all those who were there was bold and tremendous. It required everyone on staff to step up and contribute in a way they may not have normally. Editor John Wolfson explains how the idea came about and what it took to put hundreds of runners’ shoes on the cover and in the magazine in the span of only days. But it was worth it. These efforts truly honor and tell what Boston and America is all about, coming together in the midst of such tragedy.

For me, when I think of the marathon bombings years from now, I’ll recall this cover.
 

(Re)Build it and They Will Come

I love history and art – not to mention a “feel good” story. Maybe that’s why I enjoyed writing a BizVoice® article last summer about restoration of Elkhart’s historic Lerner Theatre, one of many projects revolving around the city’s new downtown arts and entertainment district.

Renovation of the structure, built in 1924 as a vaudeville palace, was completed in June. It wasn’t transformation of the theatre alone that I found captivating. It was the “story within a story” – The Lerner’s rebirth revitalized Elkhart (helping to boost revenue and morale), one of those hit hardest during the economic downturn.

And the story continues.

Design firm Moody•Nolan and associate architect Cripe Design recently earned a Palladio Award (specifically the Sympathetic Addition Award) for their addition and façade restoration of the theater.

Jim Kienle, director of Moody•Nolan’s Historic Preservation Studio, was quoted in a 2010 BizVoice® story focusing on environmentally friendly preservation efforts involving restoration.

Looking forward to seeing what’s in store “in the next act” for The Lerner and other renovation projects.

Common Core Kept in Place

House Bill 1427 preserves the state’s Common Core academic standards and allows for continued implementation.

The Indiana General Assembly rejected the attacks on Common Core and allowed the standards, which the State Board of Education adopted in August 2010, to continue to be implemented. (Only the elements of the program not already adopted – such as testing and science standards – would be paused under HB 1427).

In another strong move, the Legislature mandated standards that include Common Core as the foundation and require college and career readiness criteria. By those standards still being based on Common Core, that should assure that Indiana keeps its federal waiver (that removed us from the federal No Child Left Behind program) and Title I funding for our schools.

It was also critically important that the ultimate decision-making on Common Core remain with the State Board of Education (as it does), which has adopted all previous Indiana standards (including Common Core) and doesn’t face the same politically-charged environment that exists at the Statehouse.

While we don’t agree that actual new adoption procedures are necessary, several positives could result from that. Further review of the Common Core standards would hopefully provide the general public with a better understanding of what Common Core does and doesn’t do. Plus it will give the state the opportunity to determine which, if any, additional standards we should adopt. (The Common Core multi-state agreement permits Indiana to add up to 15% of its own standards to the program.)

The Indiana Chamber advocated for the Common Core standards to be left in place, both for the merits of the program and the consistency of the rulemaking process.