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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Decision Making for Companies with Multiple Owners

Decision Making for Companies with Multiple Owners

How do you handle success? Construction companies have been good at tightening their belts to survive the lean times. However, now that financial results for most companies have improved, these times can be just as scary for the business owners, as they want to make sure they are making the right decisions about the future. […]

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Using Key Performance Indicators to Monitor and Benchmark Your Company’s Financial Results

Using Key Performance Indicators to Monitor and Benchmark Your Company’s Financial Results

With so much financial data at your fingertips, what are the key performance indicators (KPIs) that are most relevant in assessing your company’s financial situation? While one KPI alone cannot be used to get the full picture of a company, there are a handful that are most commonly relied on by sureties and lenders. These […]

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It's time to take a closer look at look back

It’s Time To Take A Closer Look At Look-back

The Internal Revenue Service (IRS) estimates that 71% of taxpayers required to file and compute look-back do not. Construction is the most prevalent industry where look-back applies, and we want to make sure your company is familiar with look-back requirements to properly report to the IRS. What is look-back? The look-back provision was created to […]

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Occupational Fraud: Red Flags For Your Company To Watch

Occupational Fraud: Red Flags For Your Company To Watch

Occupational fraud is an attack from within, perpetrated by a company’s own officers, directors, or employees and is believed to be the most common form of fraud. The Association of Certified Fraud Examiners (ACFE) recently issued its Report to the Nations – 2018 Global Study on Occupational Fraud and Abuse. The study analyzed approximately 2,700 […]

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5 Common Mistakes Contractors Make Using QuickBooks

5 Common Mistakes Contractors Make Using Quickbooks

Ever wonder why you have costs running through your revenue accounts or why your office manager’s wages are running through your direct labor account? Below is a list of common mistakes contractors make using QuickBooks: 1. Posting Direct Costs Charged to Jobs to Overhead Accounts When charging direct costs to jobs, the transactions should only […]

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Is your construction software working for you?

Is your construction software working for you?

Many start-up contractors buy inexpensive and easy-to-use software to provide the information they need to meet their accounting and tax requirements. Unfortunately, they often do not consider that they should be looking for software that can give them information to manage their construction projects as well. Many contractors utilize the same software they started with, […]

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New-Revenue-Recognition-Guidance

The New Revenue Recognition Guidance: Key Points To Consider

Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of its efforts to support and assist stakeholders as they cope with the many challenges and hardships related to the COVID-19 pandemic. Over three years have […]

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Update-new rules being discussed for classification of debt

Update: New Rules Being Discussed For Classification Of Debt

by Larry Steinberg, Senior Manager The Financial Accounting Standards Board is presently considering adoption of new rules regarding classification of debt, and these new rules could have a significant impact on a contractor’s balance sheet and state licensing. Under current rules, debt may be classified as long-term if it (a) has a stated maturity of […]

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Daily vs. Hourly Equipment Rates: which should you charge?

Daily vs. Hourly Equipment Rates: Which Should You Charge?

Are you a contractor that accounts for equipment costs? Are these costs charged to jobs? For equipment-intensive contractors, these are very important questions. If you do account for equipment costs, another question arises: Do you charge the equipment costs to jobs using hourly rates or daily rates? Hourly Rates Generally, hourly rates take into consideration […]

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Improve Cash Flow By Deferring Taxes On The Sale Of Equipment

Many people are aware that you can utilize an IRC Sec. 1031 (“like-kind”) exchange to defer gain on a real estate transaction, but an often-overlooked planning opportunity is to utilize a like-kind exchange when selling your construction equipment. By deferring the taxable gain on the transaction, as well as the related tax, you have the ability […]

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Top Six Accounting Errors Construction Companies Make

Financial statements are both a tool used to manage a business and a required deliverable for a lender or bonding company.  All construction company owners have to deal with them, and it is crucial for the individuals responsible for the final internal review to know what potential errors could be lurking. Here are six common […]

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The #1 Issue Facing Construction Companies in 2017

An update to this article was published in 2019. Read it here.  When we talk to construction company clients and ask them how it’s going, many of them say, “we are busy, but we can’t find the people we need to keep up with the work.” Their employees are nearing retirement, and finding younger workers […]

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The New Lease Accounting Standard: What you can do now

Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of its efforts to support and assist stakeholders as they cope with the many challenges and hardships related to the COVID-19 pandemic. Update published on December […]

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Webinars

INDOT Technical Applications Pathway and Prequalification Application - Common Questions

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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Blue & Co.'s December 2020 Webinars | Free webinars | Financial services and consulting | PPP | Paycheck Protection Program Webinar | Manufacturing Webinars | Cybersecurity Webinars

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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New DoD Cybersecurity Requirements for the Construction Industry | Department of Defense | Webinar Construction |

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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