Dave McGuire - dmcguire@mcguiresponsel.com The last couple of years have seen increased inflationary pressures. There are few industries that are hit by this harder than the construction and real estate industries. While many consumers started to see this in 2021 and 2022 as gas and housing prices started increasing, the construction industry started feeling the pressure much earlier. Supply chain disruptions due to COVID, lumber, gas, and other commodities have been increasing at an extraordinary rate, leading contractors and their advisors to question where to generate additional cash flow to offset these pressures. One place to look is the tax code. Specifically looking at incentives designed for contractors, designers, and other construction industry professionals. Some of the lesser-known incentives for contractors relate to the Energy Policy Act of 2005 (EPACT). Under this act multiple incentives were put in place to incentivize energy efficient construction practices. While most of these provisions were designed to be temporary under EPACT, many have been extended multiple times, or made permanent. By maximizing these incentives individuals in the construction industry can generate additional cash flow to offset inflationary pressures. The first area to look at is the 179D Energy Efficient Building Deduction. This deduction of up to $1.80/sf was originally designed for the owners of energy efficient commercial properties. When a property is built with efficient lighting, HVAC, and insulation the owner can qualify for this deduction which reduces their depreciable basis in the asset. In order to qualify the building needs to be modeled to show that the energy consumption is 50% of a standard building designed to the ASHRAE 90.1-2007 regulations. This can be done on new construction property or renovations that increase the energy efficiency to the desired level. Contractors might be wondering “what does this have to do with me”? While it is wonderful that the owner can receive a deduction for the installation of energy upgrades, how would a contractor or engineer see any benefits? The answer to that question lies in the fact that properties owned by federal, state, or local governments can transfer their deduction to the designer of the energy efficient property. Meaning that if a construction company designs HVAC and lighting upgrades for a school, that school can transfer the deduction back to the construction company. It is important to note that the transfer needs to be done to a company or individual involved in the design and that “a person who merely installs, repairs, or maintains the property is not a designer.” However, an “architect, engineer, contractor, environmental consultant, or energy services provider” that works on “technical specifications” is considered a designer. This means that a contractor that assists in writing the specifications or design of the property can legitimately claim this deduction. The 179D deduction was originally slated to expire after a few years. However, Congress extended the rules multiple times. Then in the Consolidated Appropriations Act, 2021 the rule was made permanent, meaning that contractors can rely on this deduction for designs being completed in 2022 and beyond. Another energy incentive that contractors need to be aware of is the 45L, Energy Efficient Home Credit. While this credit did expire at the end of 2021, eligible contractors can still claim this deduction on amended returns for prior years. This credit, like the 179D deduction, requires new construction to exceed certain standards. However, unlike the 179D deduction, this credit is only for newly constructed or renovated residential facilities of three stories or less. More importantly, this credit is designed not for the final owner, but for the developer who owns the property during the development cycle. While the 179D deduction is based on square footage, the 45L credit is a credit of up to $2,000 per residential unit. This means that a developer that constructs a qualifying apartment complex can take the credit on each of the units in the property. A 300-unit qualifying apartment complex could see a credit as high as $600,000. And as opposed to the 179D deduction, this is a credit, meaning a dollar-for-dollar reduction in tax liability. As noted above, contractors need to be aware that this credit has expired, but there is a good chance that it will be extended in tax extenders legislation later in 2022. With inflationary pressure at the highest in 20 years, contractors need to be aware of any cash flow opportunities available to them. By looking at these and other tax incentives, cash can be generated by reducing tax liability. It is critical that contractors and their CPAs be aware of all these incentives when preparing the 2021 tax returns and planning for future years." target="_blank">Tax Incentives to Help Contractors Combat Inflation

Submitted by Dave McGuire - dmcguire@mcguiresponsel.com The last couple of years have seen increased inflationary pressures. There are few industries that are hit by this [...]

By |2022-04-11T16:17:19-05:00April 11th, 2022|AM Whitepaper, Announcements, CICPAC|

Lazear Capital Partners is a leading middle market investment bank specializing in ESOPs, Mergers and Acquisitions, Capital Formation, and Turnaround Advisory Services. They guide clients through every step of their business succession or exit strategy.

“Lazear Capital Partners is a consultant for business financing – whether it is buy, sell, invest or M&A. Calling them an investment banker is a disservice to what they do. They get and find money to fund growth and serve as a business financial management partner for their clients.”

- Michael Marlowe, Co-Founder at Bluemile Inc.

About Lazear Capital Partners

Lazear wants to make your dreams come true. Going above and beyond to guide you every step of the way, Lazear is more than just an investment banking firm, they are part of your team. Taking the time to understand your business needs, they make their clients top priority. Whether you are looking to create a succession plan, clearly define your exit strategy or develop an employee stock ownership plan (ESOP), they solidify the best option(s) for you that will result in long-term benefits. Coupling business experience with legal and financial expertise, Lazear standouts from other firms. Contact them to put their negotiating skills to work and help transition into the next chapter of life. If you (or your clients) are considering a sale or other ownership transition, allow Lazear the opportunity to review your situation and provide thoughts on how to maximize value, all at no cost should you decide not to retain our services. Please contact
Doug Janowski or (614) 221-1616 if you would like to learn more about our services. [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]" target="_blank">Lazear Capital Partners Joins CICPAC as Associate Member

Lazear Capital Partners is a leading middle market investment bank specializing in ESOPs, Mergers and Acquisitions, Capital Formation, and Turnaround Advisory Services. They guide [...]

By |2022-02-22T12:55:06-05:00February 22nd, 2022|Announcements, CICPAC, Member News|

  • Wes Winborne, HORNE LLP – President
  • Bryan Eto, Beach Fleischman - Vice President
  • Christina Chifici, LaPorte CPAs & Business Advisors –Secretary / Treasurer
  • Mike Karlins, Calvetti Ferguson – Immediate Past President
  • Josh Billiard, Plante Moran – Member at Large
  • Gray Coyner, Thompson Greenspon – Member at Large
  • Matt Neely, MCM CPAs – Member at Large
  • Please extend a warm welcome to our new slate of officers![/fusion_text][fusion_button link="https://cicpac.com/about-us/leadership/" text_transform="" title="" target="_self" link_attributes="" alignment_medium="" alignment_small="" alignment="" modal="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" class="" id="" color="default" button_gradient_top_color="" button_gradient_bottom_color="" button_gradient_top_color_hover="" button_gradient_bottom_color_hover="" accent_color="" accent_hover_color="" type="" bevel_color="" border_width="" border_radius="" border_color="" border_hover_color="" size="" stretch="default" margin_top="" margin_right="" margin_bottom="" margin_left="" icon="" icon_position="left" icon_divider="no" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset=""]More about our Leadership[/fusion_button][/fusion_builder_column][fusion_builder_column type="1_3" layout="1_3" align_self="auto" content_layout="column" align_content="flex-start" valign_content="flex-start" content_wrap="wrap" spacing="" center_content="no" link="" target="_self" min_height="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" class="" id="" type_medium="" type_small="" order_medium="0" order_small="0" dimension_spacing_medium="" dimension_spacing_small="" dimension_spacing="" dimension_margin_medium="" dimension_margin_small="" margin_top="" margin_bottom="" padding_medium="" padding_small="" padding_top="" padding_right="" padding_bottom="" padding_left="" hover_type="none" border_sizes="" border_color="" border_style="solid" border_radius="" box_shadow="no" dimension_box_shadow="" box_shadow_blur="0" box_shadow_spread="0" box_shadow_color="" box_shadow_style="" background_type="single" gradient_start_color="" gradient_end_color="" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center center" linear_angle="180" background_color="" background_image="" background_image_id="" background_position="left top" background_repeat="no-repeat" background_blend_mode="none" render_logics="" filter_type="regular" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" last="true" border_position="all" first="false" spacing_left="1.3333333333333333%"][fusion_imageframe image_id="5725|full" max_width="" sticky_max_width="" skip_lazy_load="" style_type="" blur="" stylecolor="" hover_type="none" bordersize="" bordercolor="" borderradius="" align_medium="none" align_small="none" align="none" margin_top="" margin_right="" margin_bottom="" margin_left="" lightbox="no" gallery_id="" lightbox_image="" lightbox_image_id="" alt="" link="" linktarget="_self" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" class="" id="" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0"]https://cicpac.com/wp-content/uploads/2021/08/2021-22-Board-of-Directors-CICPAC-CPAs.png[/fusion_imageframe][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]" target="_blank">Announcing the 2021-22 Board of Directors

    When it comes to passing the gavel from the past year’s leadership to the new, it seems to happen faster every year! It is my [...]

    By |2021-08-02T10:53:27-05:00August 2nd, 2021|Announcements, CICPAC|

    Chuck Schwartz, and Chris Porter, Construction Manager at Prophix, to discuss the challenges of resource management in the age of COVID-19 and expectations for recovery.

    1. What are some of the resourcing challenges that you think are carrying over from COVID-19?

    Chuck: A significant challenge was those businesses that use local server-based software systems (a.k.a. “in-house”) versus those that use accounting and business management software in the cloud. Those that use cloud software saw no significant delays or downtime, versus those that had to scramble to set up computers to be able to connect to their systems. Then, of course, with the office closures and lockdowns, important processes like system backups weren’t performed regularly, if at all. Chris: As so many of us know, labor shortages have been an ongoing issue in the construction industry for some time now. Much like a lot of things, COVID has only magnified this issue. However, it’s not just labor that will continue to be a challenge. Materials and equipment are also in high demand, and prices have risen considerably in both areas due to production slowdowns, amongst other things. This disruption will no doubt continue onwards for some time until production and supply levels can return to what they were pre-pandemic.

    2. Based on the challenges mentioned above, what areas do you think construction companies should invest in to prepare for potential future disruptions? (i.e., software, scholarships, or trade programs to train new talent, safety protocols, education for project managers, etc.)

    Chuck: There’s an old saying – do things in good times, so you are not scrambling in the bad times. And while these are certainly not quite the good times (at least not yet anyway), think back to just before the lockdown – we had good times. But then, I heard things like, “we are too busy to think about that now,” and other excuses for not doing some of the important things in the good times. So, if we learned anything from the lockdown is that life is unpredictable, and things can happen at any time. Taking care of the important things and the difficult things before disaster strikes is key. Chris: Chuck makes many good points here. Proactively investing in the right areas of your business will set you up for success down the road, no matter what challenges you’re faced with. It’s always nice to relish the good times, but organizations must think strategically about investing in their people, technology, and processes. On the technology side, construction companies use many different technologies to run their business. ERP, Estimating, Project Management, CRM, and Payroll software are just a few. You need all these systems to run your business and make decisions, but it’s tedious to jump from one system to the next to get the answers you need. Contractors should be investing in a data strategy and technology that pulls all their data together. This makes it possible for innovative contractors to see and respond to issues as they arise. Contractors should be able to easily model the impact of project delays, equipment or labor shortages, and the resulting cash flows across the entire business.

    3. Are there any technology solutions that you think contractors would benefit from investing in, or if they already have, look for ways to utilize more?

    Chuck: Aside from cloud CPM software, I would say an integrated construction ERP software. What I mean by this is that most construction accounting systems have always done a very good job at accounting, job costing, and financial reporting, but I am also seeing wonderful advancements made in the project management and document control side of things. Most of the contractors I speak with would prefer one system to manage their entire business, from accounting and back office, to project management, and out to the field. What I’ve seen recently from system vendors like Viewpoint is very impressive and eliminates the need for third-party project management systems. I will also share that what I’ve seen from Prophix and how they work with ERP systems to offer advanced opportunities for financial and statistical reporting is very impressive. CPM software is valuable to contractors who deal with things like PPP, ERC, and other reporting and forecasting needs. Chris: I completely agree with Chuck that without an integrated construction ERP software like Viewpoint, you’re not running your business as efficiently as you could be. However, I believe that this is only half the puzzle. You might feel burnt out after a long ERP implementation and think that’s it – but there’s more. Now, you have to consider how you’re going to consume all that great information. At the end of the day, relational data systems like ERPs are primarily meant for logging and storing large sets of data. Getting that data out and into a consumable and easy-to-understand format is where you will start to gain competitive advantages in the marketplace and make better decisions.

    4. What areas of focus do you think contractors should be looking into regarding scheduling and staffing because of COVID restrictions?

    Chris: One of the lessons I think we have all learned from this pandemic is that our situation can change at the drop of a hat. In many ways, this isn’t anything new to construction professionals who deal with scheduling changes on jobs all the time. What matters is your ability to understand where and when you can make changes to your scheduled labor and equipment ahead of time. Being able to reforecast your staffing levels and equipment usage well in advance will result in better utilization and margins on those key assets. So, the question we should be asking ourselves is, can I do this today? Moreover, can I report on my required, scheduled, and actual resource hours daily? This is where a data strategy comes into play. Connecting these 3 datasets is imperative, and thankfully, Prophix has a purpose-built solution to make this possible.

    5. What should contractors be prepared for in 2021 once the vaccine has become more widely available?

    Chris: In speaking with several sureties and accounting partners, there has already been an increased focus on cash management and financial health. Everyone is asking for more regular 13-week cash projections and updates on key performance indicators, such as days of cash and other liquidity ratios. Knowing this will likely continue in the foreseeable future, contractors need to consider the processes they have for putting this data together for stakeholders. Are you spending days and days getting this data out of various systems and crunching it in Excel? A bank or surety will have a lot more confidence if you’re able to show them the solid foundation upon which you have produced these numbers. Corporate Performance Management solutions, such as Prophix, provide contractors with the automation, scale, and best practices that Excel can’t offer. Out-of-the-box dashboards, coupled with a library of KPIs, can give contractors insight into the health of their business almost instantly. To learn more about resource management, watch our on-demand presentation, Navigating Challenges and Strategies Related to Construction Claims During a Pandemic, with Marcum, Viewpoint, and Prophix.

    About Prophix

    Your business is evolving. And the way you plan and report on your business should evolve too. Prophix helps mid-market companies achieve their goals more successfully with innovative, cloud-based Corporate Performance Management (CPM) software. With Prophix, finance leaders improve profitability and minimize risk by automating budgeting, forecasting and reporting and puts the focus back on what matters most – uncovering business opportunities. Prophix supports your future with AI innovation that flexes to meet your strategic realities, today and tomorrow. Over 1,500 global companies rely on Prophix to transform the way they work." target="_blank">Navigation the New Normal: Q&A with Construction Experts

    Our Associate Member, Prophix, created this engaging Q&A and has allowed us to share with our membership. In 2020, the construction industry faced many different [...]

    By |2021-03-30T13:12:55-05:00March 30th, 2021|CICPAC, Construction, Resources|

  • Attract and retain talent through culture and purposeful engagement
  • Power financial success with construction accounting best practices
  • Manage complex construction payroll and navigate evolving legislation
  • Accelerate growth and opportunity through a team of trusted partners
  • Leverage technology to provide insight and drive efficiency
  • [/fusion_text][fusion_button link="https://cicpac.com/wp-content/uploads/2021/02/2021-Feb-Deltek-Five_Key_Principles_for_Construction_Business_Success.pdf" text_transform="" title="" target="_self" link_attributes="" alignment_medium="" alignment_small="" alignment="" modal="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" class="" id="" color="default" button_gradient_top_color="" button_gradient_bottom_color="" button_gradient_top_color_hover="" button_gradient_bottom_color_hover="" accent_color="" accent_hover_color="" type="" bevel_color="" border_width="" border_radius="" border_color="" border_hover_color="" size="" stretch="default" margin_top="" margin_right="" margin_bottom="" margin_left="" icon="" icon_position="left" icon_divider="no" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset=""]Read Whitepaper[/fusion_button][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]" target="_blank">Five Key Principles for Construction Business Success

    Deltek + ComputerEase, a job cost accounting software for construction, offers a whitepaper to help contractors continue to navigate uncertainty, establishing a comprehensive long-term [...]

    By |2021-02-24T13:22:31-05:00February 24th, 2021|AM Whitepaper, CICPAC, Construction|

    The Benefits of a Prevailing Wage 401(k) Plan

    Contractors have the option of paying fringe dollars to their employees as cash wages or using the funds to provide qualified benefits to their employees. When paying fringe dollars as cash wages they are processed through payroll, leading to higher payroll taxes and workers’ compensation premiums. However, if the employer has a 401(k) plan with the ability to accept fringe dollars as employer contributions to the plan, fringe dollars can be removed from payroll, reducing payroll taxes and the cost of workers compensation premiums. This leads to a substantial labor cost savings for employees and an average of 10% reduction in overall labor costs on these jobs. The next piece of the puzzle is to ensure your 401(k) plan is properly designed to accept and maximize these contributions to your plan. This is why it is especially important to make sure you are working with a company that specializes in prevailing wage plans vs. traditional 401(k) plans. [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container type="flex" hundred_percent="no" hundred_percent_height="no" min_height="" hundred_percent_height_scroll="no" align_content="stretch" flex_align_items="flex-start" flex_justify_content="flex-start" flex_column_spacing="" hundred_percent_height_center_content="yes" equal_height_columns="no" container_tag="div" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" status="published" publish_date="" class="" id="" link_color="" link_hover_color="" border_sizes_top="" border_sizes_right="" border_sizes_bottom="" border_sizes_left="" border_color="" border_style="solid" margin_top_medium="" margin_bottom_medium="" margin_top_small="" margin_bottom_small="" margin_top="" margin_bottom="" padding_top_medium="" padding_right_medium="" padding_bottom_medium="" padding_left_medium="" padding_top_small="" padding_right_small="" padding_bottom_small="" padding_left_small="" padding_top="" padding_right="" padding_bottom="" padding_left="" box_shadow="no" box_shadow_vertical="" box_shadow_horizontal="" box_shadow_blur="0" box_shadow_spread="0" box_shadow_color="" box_shadow_style="" z_index="" overflow="" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center center" linear_angle="180" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" enable_mobile="no" parallax_speed="0.3" background_blend_mode="none" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" video_preview_image="" absolute="off" absolute_devices="small,medium,large" sticky="off" sticky_devices="small-visibility,medium-visibility,large-visibility" sticky_background_color="" sticky_height="" sticky_offset="" sticky_transition_offset="0" scroll_offset="0" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" admin_label="1 Plan Better 2"][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" align_self="auto" content_layout="column" align_content="flex-start" content_wrap="wrap" spacing="" center_content="no" link="" target="_self" min_height="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" class="" id="" order_medium="0" order_small="0" hover_type="none" border_color="" border_style="solid" box_shadow="no" box_shadow_blur="0" box_shadow_spread="0" box_shadow_color="" box_shadow_style="" background_type="single" gradient_start_position="0" gradient_end_position="100" gradient_type="linear" radial_direction="center center" linear_angle="180" background_color="" background_image="" background_image_id="" background_position="left top" background_repeat="no-repeat" background_blend_mode="none" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" filter_type="regular" filter_hue="0" filter_saturation="100" filter_brightness="100" filter_contrast="100" filter_invert="0" filter_sepia="0" filter_opacity="100" filter_blur="0" filter_hue_hover="0" filter_saturation_hover="100" filter_brightness_hover="100" filter_contrast_hover="100" filter_invert_hover="0" filter_sepia_hover="0" filter_opacity_hover="100" filter_blur_hover="0" last="true" border_position="all" first="true"][fusion_text columns="" column_min_width="" column_spacing="" rule_style="default" rule_size="" rule_color="" content_alignment_medium="" content_alignment_small="" content_alignment="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" class="" id="" font_size="" fusion_font_family_text_font="" fusion_font_variant_text_font="" line_height="" letter_spacing="" text_color="" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset=""]

    One Plan is Better than Two

    One common misconception is contractors thinking they need to setup and manage two separate retirement plans – one for prevailing wage employees and one for non-prevailing wage employees. While this type of arrangement is possible, it comes with added costs and risks. Managing two retirement plans doubles the fees you are paying, increases administrative work, and increases your fiduciary and compliance risks. 401(k) providers who specialize in prevailing wage plans can offer one plan to fit the needs of your business and all of your employees. Another way for employers to improve their 401(k) plan is by using fringe dollars to offset or meet matching requirements that they may choose to include in their plan. This includes discretionary employer match, safe harbor, or profit-sharing contributions to the plan. Contractors are often hesitant to include matching contributions to their retirement plan due to the costs. Utilizing the prevailing wage dollars to meet a portion of these contributions allows you to offer more retirement benefits to all your employees at a reduced cost to the company. Required annual compliance testing for all 401(k) plans can be extremely complicated and are put into place to ensure that all participants are benefiting equally from the plan. When working with a plan administrator who specializes in designing retirement plans for prevailing wage contractors, you can ensure that you are staying compliant and offering the best solution for all your employees and the owners of the company. Beneco has been in business for over 30 years helping prevailing wage contractors navigate the challenges and complexities of these jobs. Please
    reach out to us to learn more about how we can help support you and your business in the years ahead. [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]" target="_blank">401(k) Plans: What Prevailing Wage Contractors Need to Know

    Contractors who have been competing in the prevailing wage market are typically well-versed in the rules, regulations, and reporting requirements that come with these [...]

    By |2021-02-24T13:22:39-05:00February 17th, 2021|AM Whitepaper, CICPAC, Construction|

  • Track costs against budgets.
  • View and store important documentation such as RFIs, jobsite progress photos, and project issues.
  • Easily collaborate with field teams, office staff, subs, vendors, and clients.
  • Check out these five undeniable benefits of using cloud project management software coupled with cloud construction management software.
    1. Track Projects in Real Time
    2. Eliminate Costly Delays
    3. Automate Workflows to Increase Collaboration
    4. Streamline and Enhance Communication
    5. Log on Anytime, from Anywhere
    [/fusion_text][fusion_button link="https://www.acumatica.com/blog/5-benefits-cloud-construction-management-software/" text_transform="" title="" target="_self" link_attributes="" alignment_medium="" alignment_small="" alignment="" modal="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" class="" id="" color="default" button_gradient_top_color="" button_gradient_bottom_color="" button_gradient_top_color_hover="" button_gradient_bottom_color_hover="" accent_color="" accent_hover_color="" type="" bevel_color="" border_width="" border_radius="" border_color="" border_hover_color="" size="" stretch="default" margin_top="" margin_right="" margin_bottom="" margin_left="" icon="" icon_position="left" icon_divider="no" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset=""]Continue Reading[/fusion_button][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]" target="_blank">5 Undeniable Benefits of Cloud Construction Management Software

    The pressure to stay up to date on current projects has been a thorn in the side of many contractors. Poor communication has derailed [...]

    By |2021-02-17T11:58:33-05:00January 28th, 2021|AM Whitepaper, CICPAC, Construction, Resources|

    Viewpoint recently released an ebook on "Going Paperless: The Digital Construction Organization." The digital construction company includes a move to paperless that seamlessly connect the back office, the project team and the field crews. Here is a short excerpt and link to download the book: Paperwork is more than just a headache, it’s also a liability. According to Construction Business Owner, 70 percent of businesses would fail in three weeks if they experienced a catastrophic loss of paperwork. It takes an average of 18 minutes for someone to locate a particular document, which can cut into efficiency, and the cost of paper per employee is $80 — even more reasons companies in all industries are trying to ditch paper. In construction, each new project comes with a mountain of paperwork, including bid documents, payroll and subcontracts, making finding a specific piece of information time-consuming and complicated — not to mention the storage space required to maintain proper records. To solve these problems, many contractors are digitizing processes and documentation as a way to speed access to information across office, team and field personnel. With 50 percent of project management teams still using manual processes, there’s much to be gained by adopting construction-specific technology to go paperless. The ebook contains sections on:
    • the Benefits of Going Paperless,
    • What to Look for In Technology, and
    • How to go Paperless.
    [/fusion_text][fusion_button link="https://www.viewpoint.com/resource-library/ebooks/going-paperless-the-digital-construction-organization" text_transform="" title="" target="_blank" link_attributes="" alignment_medium="" alignment_small="" alignment="" modal="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" sticky_display="normal,sticky" class="" id="" color="default" button_gradient_top_color="" button_gradient_bottom_color="" button_gradient_top_color_hover="" button_gradient_bottom_color_hover="" accent_color="" accent_hover_color="" type="" bevel_color="" border_width="" border_radius="" border_color="" border_hover_color="" size="" stretch="default" margin_top="" margin_right="" margin_bottom="" margin_left="" icon="" icon_position="left" icon_divider="no" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset=""]Download Book Now[/fusion_button][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]" target="_blank">Going Paperless – The Digital Construction Organization, Viewpoint

    Our friends at Viewpoint recently released an ebook on "Going Paperless: The Digital Construction Organization." The digital construction company includes a move to paperless [...]

    By |2021-11-18T13:30:32-05:00January 22nd, 2021|AM Whitepaper, CICPAC, Construction|

    2021 List of Forbes America's Best Tax and Accounting Firms has been released! We are so excited that 34 CICPAC member firms have made the list! Congratulations to all the firms and their dedication to the tax and accounting industry!
    • Adams Brown
    • Aldrich CPAs + Advisors
    • Atkinson & Co. (now CLA)
    • Barnes Dennig
    • BeachFleischman
    • BerganKDV
    • BerryDunn
    • Blue & Co.
    • Brickley DeLong
    • Calvetti Ferguson
    • CliftonLarsonAllen
    • CohnReznick
    • GBQ Partners
    • Gollob Morgan Peddy
    • H&CO Advisors
    • HHM - Henderson Hutcherson & McCullough
    • HoganTaylor
    • Iannuzzi Manetta
    • James Moore
    • KSM - Katz Sapper & Miller
    • Lane Gorman Trubitt
    • LaPorte CPAs & Advisors
    • Lutz
    • Marcum LLP
    • MCM LLP
    • Plante Moran
    • RBT CPAs
    • SAX
    • Stambaugh Ness
    • SVA Certified Public Accountants
    • Thompson Greenspon
    • Warren Averett
    • Yeo & Yeo
    • YHB - Yount, Hyde & Barbour
    " target="_blank">34 CICPAC Member Firms Named to Forbes America’s Best Tax and Accounting Firms List

    The 2021 List of Forbes America's Best Tax and Accounting Firms has been released! We are so excited that 34 CICPAC member firms have made [...]

    By |2021-02-17T11:58:20-05:00December 9th, 2020|Announcements, CICPAC, Construction, Member News|

    said Henry South, Atkinson & Co. managing partner. "We have always believed that serving our clients is an opportunity to know them better. And, when we know clients better, we can align our services to contribute to their growth and profitability." As one of the largest New Mexico-owned public accounting and consulting firms serving the Southwest since 1970, Atkinson & Co. has earned a reputation for quality, reliability, and personal service. The firm has a long-standing tradition of community involvement. Atkinson & Co. earned distinction for its workplace policies by Family Friendly New Mexico, a statewide project developed to recognize companies that have adopted policies that give New Mexico businesses an edge in recruiting and retaining the best employees.
    "I see a great fit between our firms," said Georgie Ortiz, managing principal of CLA's New Mexico office. "By blending our capabilities, we continue to strengthen our commitment to create opportunities for our clients and for our people."
    As one of the nation's leading professional services firms, CLA has retained the agility to serve clients of all sizes and in all locations, while at the same time bringing an uncommon depth of capabilities, all in one place. The nearly 50 former Atkinson & Co. team members will continue to serve clients locally and nationally from Albuquerque, increasing CLA's New Mexico team to more than 100 people. About CLA -
    www.claconnect.com CLA exists to create opportunities for our clients, our people, and our communities through industry-focused wealth advisory, outsourcing, audit, tax, and consulting services. With more than 6,200 people, 120 U.S. locations and a global affiliation, we promise to know you and help you. Investment advisory services are offered through C!iftonLarsonA!len Wealth Advisors, LLC, an SEC-registered investment advisor." target="_blank">Albuquerque-Based Atkinson & Co. Joins CLA

    12/1/2020 - CICPAC member firm, Albuquerque-based Atkinson & Co., has joined national professional services firm CLA (CliftonLarsonAllen LLP), as of December 1, 2020. "We're excited [...]

    By |2020-12-08T18:14:17-05:00December 8th, 2020|Announcements, CICPAC, Member News|
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