Employer Training Grants

On August 14, 2017, Governor Eric Holcomb rolled out Indiana’s Next Level Jobs initiative and announced two new grants designed to help Indiana job seekers and employers to seek and grow high-demand, high-wage jobs quickly in the future. The Workforce Ready Grant will assist with training adults to fill jobs in high-demand industries. The Employer

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A/E/C Firms And The R&D Credit

Are you looking to be more competitive in an ever changing global economy? Are you being asked to develop and improve designs and processes to be more forward thinking? Are you finding the cost of this constant development and improvement is becoming more costly? Many Architectural, Engineering and Environmental Consulting (A/E/C) firms don’t realize it,

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Illinois Department Of Transportation Changes Are Coming

At the most recent Illinois ACEC Membership Meeting on May 8, 2017, Priscilla Tobias, the Director of the IDOT Office of Program Development provided an update on the Consultant Compensation Working Group of ACEC/IDOT. The working group has been able to get the following approved by the Secretary of Transportation: Salary caps have gone from

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Does Your Company Have Unclaimed Property?

As a company, are you holding money that may not have been claimed? If so, you may be legally liable to file with the IndianaUnclaimed.gov website. Unclaimed property is any financial asset with no activity by its owner for an extended period of time. This includes unclaimed wages or commissions, savings and checking accounts, stock

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Update On The Safe Harbor Overhead Cost Rate

The Federal Highway Administration has extended the use and application of the Safe Harbor Overhead Cost Rate through July 31, 2017, for those consultants that meet the eligibility requirements. The extension is being issued to allow additional time for evaluation and possible permanent implementation. The Safe Harbor Overhead Rate will remain at 110%. Michigan is

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Federal Highway Administration/MDOT Expiration of Safe Harbor Test Period

During 2013, the Federal Highway Administration (FHWA) entered into a test period of a national indirect cost rate “safe harbor” rate.  This safe harbor rate was approved for use by eligible consultants on a test evaluation basis for ten selected state DOT’s, which Michigan DOT was one of them.  The FHWA established safe harbor rate

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MDOT’s Mandatory Changes for Submittal of Financial Prequalification

As many of you know that work for MDOT, the deadline for Annual Financial Prequalification requirements the past few years has been 3 months after a consultants fiscal year end for those consultants submitting a FAR compliant overhead rate compilation or 5 months after a consultants fiscal year end, for those submitting a FAR compliant

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Michigan DOT DBE Program for Engineering and Construction Firms

The Michigan Department of Transportation has a program for disadvantaged business enterprises (DBEs).  The DBE program is a federally required program designed to ensure that firms owned and controlled by minorities, women and other socially and economically disadvantaged persons have the opportunity to grow and become self-sufficient through participation in federally funded MDOT contracts. Disadvantaged

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Bid and Proposal Costs and Stipends Relating to Design/Build Contracts

Our clients routinely incur bid and proposal costs. Bid and proposal costs are the expenses incurred by the Company in preparing, submitting and supporting bids and proposals on potential contracts.  Our clients have established policies and procedures for accumulating and recording labor and non-labor costs related to bid and proposal activities. Our clients routinely enter

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Tax Strategies to Help Small Businesses

As we enter a new year, and wrap up 2014 tax season, it is always good to get out in front of tax issues. Two strategies that small businesses can take to save some heartache at the end of 2015 are below. The first strategy concerns payment of taxes. Small business owners are usually left

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