Somerset Construction & A/E Team News
Employee Performance-Based Incentive Plans - An Employee Performance-Based Incentive Plan provides a process by which to reward those who work hard, establishes incentives and incorporates a mechanism to ensure implementation and monitoring. It can assist in attracting and retaining good employees. Do you need help designing an Employee Performance-Based Incentive Plan? Somerset professionals have significant experience putting these plans into place for contractors and A/E companies just like yours. Please contact Ken Hedlund to discuss details.
Speaking Engagements - Ken Hedlund has been on the road presenting the results of the 2007 Construction Industry Annual Financial Performance and Salary & Benefits Survey. On January 17 and January 31, Ken presented this information to the Michiana Council and Northeast Council of Associated Builders and Contractors of Indiana. If you would like information on the survey, please contact us.
Axium Reports 95% Growth in New Product Revenue; Strongest Quarter in Company History - On January 21, 2008, Axium announced a 95% growth in new product revenue for the fourth quarter of 2007, an increase of 330 firms to Axium's client base. The record fourth quarter was also the third consecutive quarter with record-breaking new product sales. Axium is a software solution specific for the Architectural and Engineering industries with in depth project management and financial accounting features. Somerset is an authorized consulting partner for the Axium family of software solution products, which includes Ajera, Portfolio, Protrax and iTime & Expense. Contact Jason Leveson or John Dighton for more details. Visit our web site for the full press release.
Congratulations to Harold Sattison - We would like to extend our congratulations to Harold Sattison, Executive Vice President of Brandt Construction, Inc., on his new position as President of Associated Builders and Contractors of Indiana. On January 10, 2008, he was sworn in at the ABC 2008 Inaugural Dinner.
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 to discuss details.
ACEC Indiana Engineering
Excellence Award Banquet -
Members of Somerset's
Construction & A/E Team will be attending the ACEC Indiana Engineering
Excellence Award Banquet on February 2, 2008. We hope to see you there.
Visit
ACEC's web site for
more details.
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
