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Latest News

Interest Rates - Wednesday’s Decision Sends a Strong Positive Signal

By Tim Sutton, Director of Bond Pricing, September 22, 2016
Latest News

To raise or not to raise, what will the Federal Open Market Committee (FOMC) do with interest rates? As of yesterday, September 21, the FOMC decided to keep interest rates where they are – no increases, no declines.

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Convention Season in Indiana Continues into the Fall!

By Umbaugh Announcements, September 22, 2016
Latest News

Umbaugh is attending a wide variety of conferences to support the associations that assist our clients. These conferences represent the depth and breadth of our experience at Umbaugh.

If you are attending any of these meetings, please say hello. We enjoy spending time with our friends from across Indiana.

Please click Read Full Article below for complete list.

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Umbaugh Raises Its Ranking in Top 200 CPA Firms in the Nation

By Umbaugh Announcements, September 15, 2016
Latest News

Inside Public Accounting (IPA) Magazine recently ranked Umbaugh 163rd on its list of top 200 firms in the nation. The company improved by 32 places in the current ranking, up from #195 last year.

Umbaugh is the most active firm of municipal financial advisors in the nation that pairs the ethics, structure, quality control and business discipline of a CPA firm with the skills and knowledge of a municipal financial advisor. Umbaugh was also ranked sixth most active municipal advisor in the nation last year by Thomson Reuters.

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Prepare for the New Local Income Tax Conversion

By Jason G. Semler, CPA, Partner, September 08, 2016
Latest News

This past spring Umbaugh gave you a heads-up about significant tax changes made by the Indiana General Assembly that repealed existing local income tax laws and replaced them with a single new local income tax or LIT. For details, click here.

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Creative Thinking Structures a New Tax District

By Paige E. Sansone, CPA, Partner, September 08, 2016
Latest News

Residents of a rapidly growing area near Evansville, Indiana, in the southwestern tip of the state, can rest easier knowing their local volunteer/professional fire department now has tax funding to add six new full-time emergency responders and a budget for new rolling stock.

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Umbaugh Welcomes Brock Bowsher

By Umbaugh Announcements, September 06, 2016
Latest News

Umbaugh welcomes Brock Bowsher, a leader in Indiana public school finance and management, as a manager. Brock will be working with school districts in the areas of comprehensive financial strategies and debt management.

“Brock comes to us with many years of experience as a director of finance and business for Indiana public schools,” said Umbaugh Executive Partner Todd Samuelson. “He knows the intricacies and nuances of managing the increasingly complex financial matters of school districts. We are excited Brock has joined our school team as Umbaugh continues to strive to meet the growing needs of our clients."

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Utility System Development Charges and Connection Fees

By Christina De Witt, CPA, Principal, August 25, 2016
Latest News

Utility development charges and connection fees may no longer be subject to utility receipts tax according to a recent tax court case involving a utility in Indiana. System development charges and connection fees are one-time payments for new properties being developed, generally paid by the contractor, property developer or builder.

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Circuit Breaker Losses May Be Higher Than Expected

By Paige E. Sansone, CPA, Partner, August 25, 2016
Latest News

Legislation passed earlier this year requires the DLGF, for the first time, to estimate circuit breaker losses. These losses maybe higher than originally expected.

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Internal Control Standards for Hoosier Schools

By Belvia B. Gray, CIPMA, Principal, August 11, 2016
Latest News

Indiana public schools must adopt minimum internal control standards as defined by the Indiana State Board of Accounts, create a standards manual and certify staff training by August 29, 2017. The deadline for other political subdivisions is earlier: March 1, 2017. Internal control standards are compliance standards for all Indiana public schools according to Indiana Code 5-11-1-27(e).

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Convention Season in Indiana is Underway!

By Umbaugh Announcements, August 11, 2016
Latest News

Umbaugh is gearing up to attend a wide variety of conferences from Angola and Fort Wayne to French Lick and Scottsburg. Supporting the associations that assist our clients is a key part of our mission at Umbaugh. These conferences represent the depth and breadth of our experience.

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