2011 Manufacturing Report Card: Indiana Poised for Growth; Education Gap Must be Met
This past Friday, Conexus and the IBJ presented the manufacturing and logistics report for our state. Michael Hicks, Director of Ball State University’s Bureau of Business Research, gave us the details and the message was a combination of the very good coupled with a caution for the future in one category of performance. The positives focus on Indiana’s market share and growth in both the manufacturing and logistics industries: “Indiana continues to have the largest share of income…
Indiana’s Tax Exemption for Patent-Derived Income Appears to be Underutilized
Did you obtain a utility or plant patent after December 31, 2007? Are you an individual, corporation domiciled in Indiana with 500 or fewer employees, or a nonprofit organization or nonprofit corporation domiciled in Indiana? If you answered yes to both of those questions, you may be eligible for an exemption, up to $5 million, from state income taxation this year for certain income derived from the patent. The patent-derived income that is exempt includes: Licensing fees or…
Protecting Personal Information – A Guide for Business
Most companies keep sensitive personal information in their files – names, Social Security numbers, credit card or other account data – that identifies customers or employees. This information often is necessary to fill orders, meet payroll or perform other necessary business functions. However, if sensitive data falls into the wrong hands, it can lead to fraud, identity theft or similar harms. Given the cost of a security breach – losing your customers’ trust and perhaps even defending yourself…
