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2013 Year-End Tax Planning Basics


financial-planningYou don’t want to pay any more in tax than you have to. That means taking advantage of every strategy, deduction, and credit that you’re entitled to. However, the window of opportunity for many tax-saving moves closes on December 31, so it’s important to evaluate your tax situation now, while there’s still time to affect your bottom line for the 2013 tax year.

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Gary/Chicago International Airport Board Appoints BR Lane as Interim Director


City-of-GaryEarlier today, the Gary/Chicago International Airport Board unanimously approved the appointment of BR Lane as Interim Director. Lane most recently served as Chief of Staff to Gary Mayor Karen Freeman-Wilson and will assume her new role effective tomorrow. She submitted the following statement regarding her appointment:

"I am both humbled and honored to accept this appointment and recognize the magnitude and importance of the duties that I have inherited. I thank the Board and the Mayor for having the vision and confidence in me to lead an entity, which I know will have a tremendous impact on this region’s growth and economic development. Just as in my role as Chief of Staff, I am here to serve. I will represent the best interests of the citizens of Gary, NWI, the State of Indiana and all other stakeholders of the airport. I look forward to...

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Governor Pence Supports Hoosier Jobs by Calling for Repeal of Medical Device Tax


gov-pence-portage-chamber-june-2013-6Governor Mike Pence released the following open letter today to members of the U.S. Senate urging them to repeal the medical device tax.

In the letter, the Governor noted the importance of the medical device industry in Indiana.

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Statement on US ENvironmental Protection Agency's Porposed Carbon Dioxide Emission Rules


state-flag-indianaOn September 20, 2013, the U.S. Environmental Protection Agency announced its proposed rules that will limit the amount of carbon dioxide that new power plants can emit. In response, Indiana Governor Mike Pence said, “As I had informed President Obama in the past, I believe that our nation is best served by an ‘all of the above’ energy strategy that incorporates all forms of energy. We need our wind, solar, nuclear, natural gas, and coal resources to power our economy and provide the quality of life Hoosiers and other Americans are accustomed to experiencing.”

Governor Pence also said, “Unfortunately, the rules the EPA announced today and the contemplated carbon dioxide emissions rules for existing power plants, expected to be released in June of 2014, will constrain any potential for an ‘all of the above’ energy strategy and...

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New Tax Guide a Valuable Asset for Indiana Businesses


Indiana-Taxation-230x300We 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:

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Mayor Milo Appoints Rebecca Meyer as Incoming City Attorney


laporte-signMayor Milo formally announced today that Rebecca D. Meyer will be appointed as the incoming City Attorney. Current City Attorney Don Baugher will be retiring at the end of August after serving for over 15 years under Mayors Smith, Chroback, Morris and Milo.

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Gun Permit Fingerprinting Procedures Changing


valpopoliceBeginning Monday February 4th the Valparaiso Police Department’s gun permit procedures will be changing. On Monday gun permit applicants will first be required to apply online for a gun permit and within 30 days schedule an appointment at L1 Solutions to be electronically fingerprinted.

The Valparaiso Police Department will no longer fingerprint hand gun applicants at the Valparaiso Police Department. Once applicants obtain a fingerprint receipt from L1 Solutions they will then be required to pay the local fees at the Valparaiso Police Department to complete the gun permit application process.

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Rhame & Elwood Employee Spotlight: Scott McClure

Scott-McClure

Rhame & Elwood Attorneys at Law, located on Willowcreek Road in Portage, is filled with talented, community oriented individuals that are passionate about the work that they do. Attorney Scott McClure, who became an associate at Rhame & Elwood in 2001, certainly fits that description.

McClure graduated from La Porte High School in 1994 and Indiana University in 1998 before attending DePaul School of Law. He started clerking at Rhame & Elwood during his second year of law school, before latching on full time after graduating in 2001.

“I had wanted to be a lawyer for quite a bit of time,” McClure said. “This gives you a unique opportunity to be in a position where you can...

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Wanted: More Legal Assistance


gavelRecent news from the legal profession has focused on the difficulty of new lawyers in finding jobs. Is that changing? A third of law firms and corporations participating in a quarterly survey indicated they are seeking to hire full-time legal staff.

The Robert Half Legal Hiring Index noted that just 2% anticipate staff reductions. The net 30% of respondents projecting an increase in hiring activity is up eight points from the previous quarter’s forecast. Law firms are expected to do the majority of the hiring in the upcoming quarter.

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Crowd-funding a Hot Topic for Government, Businesses


IndianaChamberLegislation is going through the United States Congress to make it easier for small businesses in America to benefit from crowd-funding. Look for more on this topic in an upcoming edition of BizVoice (via a column from Kevin Hitchen, a founding member of LocalStake). For now, The Wall Street Journal blog relays:

The U.S. House advanced legislation this week that would make it easier for smaller companies to raise money from investors.

House lawmakers, in overwhelming bipartisan votes, completed work Thursday on four bills as the measures drew interest in the Senate. President Barack Obama also...

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What is Probate and How to Avoid It


gavelThe legal transfer of assets after someone dies is called probate. The process verifies the will, disburses the estate and pays off any outstanding debts.

Probate can be a long and arduous process for complicated estates. Court and legal costs can quickly add up. Income taxes are collected on the estate until court procedures have concluded, and personal family information becomes accessible as the court proceedings are open to the public. Many benefactors aim to avoid probate altogether to maintain family privacy and help their loved ones avoid additional costs. Follow these steps so that your beneficiaries can avoid what could be a very difficult process:

1. Plan a lifetime gift

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