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Category: Construction

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Case Study: Normalization Adjustments and the COVID-19 Pandemic

By: Damien Strohmier, Senior Manager, CPA, CCIFP Normalization adjustments are those adjustments to EBITDA that remove non-recurring income and/or expenses related to one-time or extraordinary events in order to present a company’s earnings or performance in a normal operating year. The COVID-19 pandemic is one example of an event that may seem extraordinary or non-recurring, […]

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Case Study: Construction Acquisitions Gone Awry – a Quality of Earnings Story

By: Damien Strohmier, Senior Manager, CPA, CCIFP Failed transactions can happen for a variety of reasons. This article explains one potential reason for a failure, which is the inherent risk in reporting and understanding a construction company’s accounting transactions in accordance with generally accepted accounting principles (GAAP). This example, while construction-centric, will highlight the importance […]

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Understanding the Need for a Quality of Earnings Report in a Transaction

By: Damien Strohmier, Senior Manager, CPA, CCIFP Dealing in the transaction market space requires a deep understanding of various terms and acronyms that are commonplace when discussing a potential sale, merger, or acquisition of a business. An example of this is Quality of Earnings (QoE). Below is an explanation of what a QoE Report is […]

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US Residential Housing Market Prospectus

By: Damien Strohmier, Senior Manager, CPA, CCIFP The housing market is at an all-time high and Zillow hounds would concur that the forecast over the next few years does not have it slowing down. But what about inflation, interest rates, and supply chain, how will they impact consumer confidence and the residential housing market? If […]

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Join us for the Construction Summit!

You’re Invited Join us virtually for the 2nd Annual Construction Industry Summit on Thursday, October 21 from 9:00 AM – Noon.  Sessions to look forward to: Keynote Speaker: Dr. Anirban Basu will supply economic analysis of the pre-pandemic and pandemic world, and also provide a forecast for the post-pandemic world. Dr. Basu is the Chairman & CEO […]

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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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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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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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