Fall 2016 issue of Horizons

TABLE OF CONTENTS

Features

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A publication by RubinBrown LLP Fall 2016

Welcome from the Chairman & Managing Partner

RubinBrown News

Chairman & Managing Partner John F. Herber, Jr., CPA, CGMA

The State of Our Economy

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St. Louis Managing Partner Frederick R. Kostecki, CPA, CGMA

Timely Reminders

Denver Managing Partner Michael T. Lewis, CFA, CGMA

Industry-Specific Articles

Denver Resident Manager Gregory P. Osborn, CPA, CGMA Kansas City Managing Partner Todd R. Pleimann, CPA, CGMA

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life sciences & technology

gaming Growth Continues Amidst Underlying Weakness 2016 experienced an 1.1% or $219.5 million increase in gaming revenues when compared to the first six months of 2015 not - for - profit Not-For-Profits Services Are Needed in Good Economic Times...and Bad Unique challenges for not-for-profit organizations due to recent economy law firms Law Firms at a Crossroads Law firms experience client pressure in demand for legal services public sector State of the Economy: A View from the Public Sector Mixed metrics, with heavy emphasis on regaining jobs in 2016

real estate Tax Credit Real Estate Developments: Legislative Update The need for affordable

What Lies Ahead in Agri-Business & Ag-Bio Increased demand places stress on supply chain, while innovations prosper

Editor Dawn M. Martin

housing reform is one issue both parties can agree upon

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Art Director Jen Chapman

private equity

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A Big Year for M&A and Private Equity The fourth quarter of 2015 boasted high in deal activity, but seemed to evaporated quickly in the first half of 2016

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healthcare Healthcare Remains Volatile Economically Transforming healthcare industry leaves the market unpredictable colleges & universities Economic Trends in Higher Education Public rhetoric focuses on increases in cost and student loan levels; economic data from the institutions’ perspectives paint a slightly different picture

Designer Brendan Coleman

Horizons , a publication of RubinBrown LLP, is designed to provide general information regarding the subject matters covered. Although prepared by professionals, its contents should not be construed as the rendering of advice regarding specific situations. If accounting, legal or other expert assistance is needed, consult with your professional business advisor. Please call RubinBrown with any questions (contact information is located on the back cover).

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manufacturing & distribution

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The Economic State of Manufacturing & Distribution

Economic outlook remains optimistic as new ideas and concepts are developed through innovative thinking

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construction Construction is on the Rise, but Labor Issues Cause Concern Spending increases, while employment in construction-related jobs experiences shortages

Any federal tax advice contained in this communication (including any attachments): (i) is intended for your use only; (ii) is based on the accuracy and completeness of the facts you have provided us; and (iii) may not be relied upon to avoid penalties.

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transportation & dealerships

Fast Times for Transportation Companies The industry experienced record-breaking increases in shipments, higher demand and lower energy costs

Readers should not act upon information presented without individual professional consultation.

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