Thought Leadership
When it comes to thought leadership and staying informed, we’ve got you covered. See below for recent articles, webinars, and downloadable resources available.
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December 06, 2022
Blue & Co. and Vsimple hosted a webinar on Tuesday, December 6, from 10:00 a.m. to 11:00 a.m. EST entitled Workflow Management: How Hearn Construction is Standardizing & Simplifying Their Business Processes Using Vsimple. This is part one of a series of use case examples demonstrating the success that client’s of Vsimple have discovered while […]
February 21, 2022
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, […]
February 21, 2022
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 […]
February 21, 2022
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 […]
December 09, 2021
By: Justin Gubser, JD, CPA, Manager Update 12/14/2021: The IRS recently issued guidance with Notice 2021-65 providing relief to employers who were anticipating Employee Retention Credits for the fourth quarter of 2021 but are no longer eligible based on the elimination of the ERC with the Infrastructure Act. If employers follow the steps provided in […]
November 11, 2021
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 […]
September 20, 2021
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 […]
July 27, 2021
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 […]
March 11, 2021
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. […]
March 03, 2021
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 […]
February 12, 2021
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 […]
January 19, 2021
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 […]
December 11, 2020
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 […]
December 03, 2020
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 […]
June 05, 2020
This article was originally published with updates to FASB updates on December 10, 2019 and was most recently updated on June 5th. It is being updated as new information becomes available. On June 3, 2020, the FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective […]
Webinars
December 06, 2022
Blue & Co. and Vsimple hosted a webinar on Tuesday, December 6, from 10:00 a.m. to 11:00 a.m. EST entitled Workflow Management: How Hearn Construction is Standardizing & Simplifying Their Business Processes Using Vsimple. This is part one of a series of use case examples demonstrating the success that client’s of Vsimple have discovered while […]
February 21, 2022
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, […]
February 21, 2022
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 […]
February 21, 2022
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 […]
December 09, 2021
By: Justin Gubser, JD, CPA, Manager Update 12/14/2021: The IRS recently issued guidance with Notice 2021-65 providing relief to employers who were anticipating Employee Retention Credits for the fourth quarter of 2021 but are no longer eligible based on the elimination of the ERC with the Infrastructure Act. If employers follow the steps provided in […]
November 11, 2021
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 […]
