Newsletters Spring 2005

Somerset Construction & A/E Team News

2008 Construction Survey

2008 Construction Industry Annual Financial Performance and Salary & Benefits Survey
Please participate in the 2008 survey by August 15 and join the 50+ Indiana contractors who annually take advantage of this value-added, industry-specific management tool. Participate now or contact Carrie Lewis for more information.


Promotions
Somerset is pleased to announce promotions within our Construction & A/E Team. Rebecca Ogle was promoted to the position of Principal, and Andy Toth was promoted to Senior Accountant.

Conferences and Speaking Engagements

4 On September 17, Somerset is sponsoring the ACEC Environmental Business Conference at the Marriott East Hotel in Indianapolis. For more information, visit ACEC Indiana online

4 Ken Hedlund will be presenting "Managing Your Cash Flow" on September 24 at the Somerset Practical MBA seminar. Please visit the Seminars page of our web site for more information and to register.

4 On October 10, Chris Mayfield and Jason Leveson will be exhibiting at the AIA Indiana/AIA Kentucky 2008 Convention in Louisville, KY. We hope to see you there.

4 Jay Feller will be presenting "Construction Tax Update" on November 11 to the Indiana Chapter of CFMA and on November 12 to the BDO Seidman Construction Industry Group.

Productive Resources Relies on Axium PORTFOLIO for an Integrated Accounting and Project Management Solution
Productive Resources required the ability to customize their unique project needs so they could properly track budgets and time. Although they were able to bill out individual phases within a project with their prior software, they wanted to produce margin reports more easily and without the fear of errors. They also needed utilization reports to produce 'realization' data regarding staff and a complete solution that integrated their accounting with project management. They found the right solution in Axium Portfolio. Somerset provided implementation, training and consulting services. Read their full story and contact us to find out if Axium is right for your business.

Combining Our Strengths to Bring You the Right Solutions
Somerset is pleased to announce that we have become the preferred industry partner in Indiana for
Leveraged Resources, your Sage Timberline and Master Builder provider in the Midwest. If you are already a Timberline or Master Builder user or would like to learn more about the software, contact us to discuss how we can help you leverage technology to propel your company to the next level!

Save the Date - November 5, 2008
Somerset will co-sponsor the Indiana Construction Management Summit with Associated Builders and Contractors of Indiana again this year. More details will be coming soon.

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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News / Resources
Summer 2008