Newsletters Spring 2005

Somerset Construction & A/E Team News

Speaking Engagements
- Ken Hedlund will be presenting at the BDO Seidman Alliance national conference in Las Vegas on May 7 on the topic of "Performance-Based Incentive Compensation Plans."

KenHedlundChrisMayfieldOn May 15, Ken Hedlund and Chris Mayfield will be presenting at the ACEC Indiana Engineering Leadership program.

On June 25, Ken Hedlund will be presenting "Profit Improvement Strategies" at the Somerset Practical MBA Program. Please visit our Seminars page for details and to register.

2008 Construction Industry Annual Financial Performance and Salary & Benefits Survey - Somerset CPAs annually surveys Indiana construction firms, including trade contractors, general contractors and construction managers. The survey responses are compiled and analyzed by the CPAs in Somerset’s Construction & A/E Team. The 2008 survey is online and open for participation now through May 31--don't delay.

This year respondents will receive enhanced results, including a side-by-side comparison of their information to the overall average outcomes.

Save the Date: This year's Indiana Construction Management Summit will be held on November 5, 2008, and will feature a presentation of the survey results. Contact us if you would like more information.

SCollinsLBontAxium News - We are pleased to announce that our team of Axium Certified Consultants has grown—both Linsey Bont and Susan Collins have passed their certification requirements.

New! Axium Business Development - Business Development (BD) for PORTFOLIO seamlessly integrates and manages your opportunity pipeline. BD will allow you to track opportunities through the various business development stages and more accurately forecast future project workloads and employee staffing schedules and needs. Please contact us for additional information.

INDOT Overhead Rate Audits - We have been providing overhead rate consulting and audit services to our many engineering clients for a number of years. Whether you are required to “self certify” your overhead rate or obtain an overhead rate audit, Somerset CPAs can help. These reports are due to INDOT by June 30, 2008, for firms with a calendar year-end. Please contact Chris Mayfield or Ken Hedlund at 317-472-2200 or 800-469-7206 to discuss details.

Community Events - Somerset is proudly sponsoring Rebuilding Together Indianapolis again this year. Chris Mayfield, Jay Feller, Donna Poppe, Susan Ritchie and others from Somerset are volunteering for the annual work day on April 26.

Chris Mayfield, Andy Toth and a group from Somerset have joined the Indy 500 Volunteer Team and will be distributing the chips and medals at the mini-marathon on May 3. If you are participating in the event, we hope to see you at the finish line!

Work-In-Process is provided by Somerset for our clients and other interested persons upon request. Since technical information is presented in generalized fashion, no final conclusion on these topics should be made without further review. For additional information on the issues discussed, please contact Ken Hedlund, Jay Feller, Steve George, Chris Mayfield or Rebecca Ogle  of our Construction & A/E Team. This document is not intended or written to be used, and cannot be used, for the purpose of avoiding tax penalties that may be imposed on the taxpayer.

Somerset CPAs, P.C.
3925 River Crossing Parkway, Third Floor
Indianapolis, Indiana 46240
317.472.2200 • 800.469.7206 • FAX 317.208.1200
www.somersetcpas.com

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Spring 2008