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Category: Construction Industry

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2021 Annual Report to Congress Released by IRS Taxpayer Advocate Office

By: Sara Jacobi, CPA CEPA Director Still waiting for your 2021 Federal tax refund? Tried calling the IRS, only to wait on hold for two hours without talking to anyone? Sent correspondence to the IRS to resolve a notice, only to continue to receive collection notices? If one or more of these items apply to […]

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Update on Status of ERC Refunds & PPP Forgiveness Questionnaire

By:  Alaina Fischer and Damien Strohmier, CPA, CCIFP ERC Refunds Did you file an Employer’s Quarterly Federal Tax Return or a Tentative Refund form and are waiting on a refund? According to a recent IRS update, you could be waiting longer. As of May 6, 2021, the IRS reported having about 1.9 million Employer Quarterly […]

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INDOT Technical Applications Pathway and Prequalification Application – Common Questions

By: Andrew Eiler, CPA The Indiana Department of Transportation (INDOT) introduced a new online system for construction contractors to complete their Contractor Prequalification application. Two common questions have been encountered when using the new INDOT Technical Applications Pathway (ITAP); presentation of contract assets and retainage receivable, and aggregate bidding capacity listed on the qualification certificate. […]

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Columbus CEO Talks Cybersecurity and Data Management with Blue & Co.

The following article was made available and moderated by Ray Paprocki, publisher and general manager at Columbus CEO. In this article, Ray interviews Tom Skoog, the Cybersecurity and Data Management practice leader at Blue & Co., LLC. Columbus CEO Virtual Roundtable: Cybersecurity The U.S. government recently blamed the Russians for a major hack of federal […]

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Paid Sick Leave Refundable Credit

By: Damien Strohmier, CPA, CCIFP Note: On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021, which includes the following provisions related to the employer tax credits discussed in this article: Extension of the period for which the credit for providing paid sick and family leave may be taken from […]

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Not Eligible for Second Draw? Look Again…

By: Damien Strohmier, CPA, CCIFP Eligibility criteria for the second draw loans includes terminology that misled several companies to believe they were not eligible to apply. This article will review the eligibility requirements and specifically review the 25% reduction in gross receipts test that has been frequently misinterpreted. Employee Threshold For a borrower to be […]

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How to Account for and Record PPP Forgiveness

By Damien Strohmier, CPA, Senior Manager As many companies are receiving Paycheck Protection Program (PPP) debt forgiveness and loan payoffs, the question of how to record forgiveness has resurfaced. This article will revisit accounting for PPP loans as debt or government grants and provide guidance on recording forgiveness. Accounting for PPP Loans as Debt Debt […]

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Blue & Co. December 2020 Webinars

It’s webinar season at Blue & Co., LLC.! Check out all of our upcoming events for the week of December, 14. Monday, December 14 Panel Discussion Regarding Paycheck Protection Program (PPP) Webinar – Free to attend On Monday, December 14 from noon – 1 p.m. EST, Blue & Co., LLC will be hosting a panel […]

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On-Demand Webinar: New DoD Cybersecurity Requirements for the Construction Industry

This session was presented on both December 9 and December 17 from Noon to 1 p.m. Eastern. During both sessions, Tom Skoog, Cybersecurity & Data Management Practice Leader, and Doug Wise, CPA, led a discussion on the upcoming DoD cybersecurity requirements and how it will potentially impact construction firms who work with DoD contracts. Topics […]

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Blue & Co., LLC Announces New Partnership With Vsimple | Vsimple and Blue and Co logo

Blue & Co., LLC Announces New Partnership With Vsimple

CARMEL, Ind. (May 5, 2022) – Blue & Co., LLC is excited to announce our new partnership with Vsimple, a workflow management software company based in New Albany, IN.  Blue & Co and Vsimple will be working closely together to address the workflow and process improvement challenges of manufacturers throughout the Midwest. “At Blue & […]

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Proposed Rule FY 2023 for Skilled Nursing Facilities

Proposed Rule FY 2023 for Skilled Nursing Facilities

It is that time of year again! The Center for Medicare and Medicaid Services (CMS) has issued the proposed rule that would update Medicare payment policies and rates for the fiscal year (FY) 2023’s Skilled Nursing Facility (SNF) Prospective Payment System (PPS). The Patient Driven Payment Model (PDPM) was implemented on October 1, 2019. This […]

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Coverage Scheduling Solutions for Physician Practices and Hospital Systems

Scheduling Solutions for Clinician Work-Life Balance

One of the most challenging conversations in any multi-physician practice or specialty-based hospital employed group is about how to create a fair distribution of on-call and/or inpatient hospital service coverage while balancing the duties of an outpatient practice. The COVID-19 pandemic has contributed to clinician burnout, and physicians and Advanced Practice Providers (APPs) place significant […]

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