Contractors Center Point

Recap of McKonly and Asbury, LLP Fall 2012 Construction Seminar

On Friday October 19th, McKonly and Asbury, LLP with its partners McConkey Insurance and Benefits and Barley Snyder, held its Fall 2012 construction seminar at the Country Club of York. The morning started with a presentation by Greg Marco and Karen Mummert of McKonkey Insurance and Benefits titled "Reducing Contractor Financial Risk". Mr. Marco and Mrs. Mummert discussed trends within the current construction environment, top items contributing to subcontractor and contractor failures, pre-qualification methods, risk controls and internal risk management, bonding and surety availability and capacity. Mr. Marco and Mrs. Mummert also provided profile forms to be used by insurance entities to qulaify contractors and subcontractors for bonding and surety purposes.

Mike Hoffner, Partner, and Jason Skrinak, Principal, with Mckonly and Asbury, LLP provided the attendees with a "Construction Accounting and State Tax Update". Mr. Hoffner discussed the current accounting updates regarding potential changes in revenue recognition, lease accounting and private company financial reporting. Mr. Skirnak discussed Pennsylvania tax related matters impacting construction entities. Mr. Skrinak covered potential changes in corporate net income tax, research and development tax credits, enforcement changes and other legislation with impacts on the construction community.

David Blain, Principal, with McKonly and Asbury, provided the attendees with a presentation on "LEAN for Construction Management". Mr. Blain's presentation covered key concepts of LEAN, from defining the LEAN environment to outlining value added and non value added activities and the "Eight Deadly Waste". Mr. Blain then discussed key concepts of LEAN that would directly impact contractors and those serving the construction community. Some of those concepts centered around set-up reductions, quality at the source, pull systems and cell creation.

John Sylvanus, Attorney with Barley Snyder, provided a legal discussion on construction risk management. Mr. Sylvanus discussed a number of topics regarding risk management ranging from bidding and proposal preparation, contracting, pre-construction and construction documentation. Mr. Sylvanus main message was make sure all discussions, descisions and communications are doucmented and in writing.

The final presentation of the day was led by Dan Matarrese, Tax Manager with McKonly and Asbury, LLP. Dan led a very informative session on upcoming "Federal Tax Matters" that will impact the business community in 2013. Mr. Matarrese discussed provisions of the tax code related to the Bush era tax cuts that are to sunset at the end of 2012 and the impact to business and cashflow. A number of those changes impact personal taxes but many of them also impact business such as changes to section 179 expense, bonus depreciation and research and development tax credits. Dan completed his presentation with a discussion regarding "Generational Planning Matters". During this discussion, Mr. Matarrese outlined the importance of asset protection, entity structuring and asset transfer methods.

To learn more about the McKonly and Asbury, LLP Fall Construction Seminar or to obtain further information on the seminar, please contact the construction professionals of McKonly and Asbury, LLP. To view a copy of the presentation, please visit the Events Page of the Contractors Center Point website at www.contractorscenterpoint.com.

 

 

Last Chance to Register for the Fall 2012 Construction Seminar - Friday, October 19

Join us for our Fall 2012 Construction Seminar as we provide accounting, tax, and bonding information that you need to know. In addition, based on past attendee suggestions, we will delve deeper and look at transitional generational issues in the construction world and discuss LEAN back office initiatives.

This seminar will take place on Friday, October 19 at the Country Club of York (1400 Country Club Road, York, PA 17403). Registration and breakfast will begin at 7:30 AM with the seminar running from 8:00 AM to 11:15 AM. CPE credits are available. The cost of registration is $35.

The full agenda for the day, including speakers and topics, is as follows:

• 7:30-8:00 AM – Registration / Continental Breakfast
• 8:00-8:05 AM – Welcome – David Blain, CIT, Principal with McKonly & Asbury
• 8:05-8:40 AM – Contractor / Subcontractor Prequalification – Greg Marco, MBA, Account Executive with McConkey Insurance & Benefits
• 8:40-9:15 AM – Construction Accounting / Federal and State Tax Update – Michael Hoffner, CPA, CIT, Partner; Jason Skrinak, CPA, Principal; Lisa White, CPA, Senior Manager with McKonly & Asbury
• 9:15-9:30 AM – Break
• 9:30-9:55 AM – LEAN Back Office – David Blain, CIT, Principal with McKonly & Asbury
• 9:55-10:30 AM – Legal Update – John Sylvanus, Of Counsel with Barley Snyder
• 10:30-11:10 AM – Generational Planning Matters – Daniel Matarrese, CPA, CEA, Manager with McKonly & Asbury
• 11:10-11:15 AM – Closing remarks
• 11:15 AM – Adjournment

To register, please contact the events staff of McKonly & Asbury at events@macpas.com or by calling 717-972-5822.

Learn About E-Verify at the ASA Membership Meeting September 25th

In July, Pennsylvania Governor Tom Corbett signed into law The Pennsylvania Public Works Employment Verification Act requiring all contractors and subcontractors doing public work to begin using the Employment Verification Program operated by the Department of Homeland Security to verify employment eligiblty. Effective January 1, 2013.

American Subcontractors Association of Central Pennsylvania will be hosting a seminar on this tpic to educate and inform contractors and subcontractors as to the requirements of this new law. From this seminar you will:

• Learn - What the Employment Verification Program (E-Verify or EVP) is.
• Learn - Why it is important to your business.
• Learn - Where to find it and how to connect to the E-Verify System.
• Learn - When you are required to use the E-Verify System.
• Learn - What the penalties are for violations.

Together, The Department of Homeland Security, U.S. Citizenship and Immigration Services and local attorney and Amercian Subcontractors Association of Central Pennsylvania member Tom Williams of Reager & Adler will present this important information.

The event will be held at the Giant Community Room at the Giant Foodcenter in Camp Hill from 5:30 PM to 8:00 PM on Tuesday September 25th. To register for this event, please contact American Subcontractors Association of Central Pennsylvania at contactus@asacentralpa.com or 717-232-2222

Recap of McKonly & Asbury Spring Construction Seminar

On Friday May 18th, 2012, McKonly & Asbury, LLP with hosts Murray Risk Management and Insurance and Woolford Law held its Spring 2012 Construction Industry Seminar. This informative and timely session included speakers from the accounting, finance, legal and insurance industries.

The morning began with an informative session from Tim Woolford, Managing Partner or Woolford Law. Tim discussed the Top 10 Contract Provisions Most Likely to Affect Your Right to Payment In a Tight Economy. Mr. Woolford was followed by Mike Hoffner, CPA, CIT, Partner with McKonly & Asbury, LLP in which Mike discussed changes in revenue recognition and lease guidance and its impact on the construction community.

Lydia Mantle of Murray Risk Management and Insurance provided an insightful discussion on Personal Surety: Is the Choice Right For You. Finally, the morning was completed with a detailed discussion regarding the climate of the current banking market for the construction industry. This discussion was lead by Scott McManamon, Senior Vice President, and Tina Thompson, Account Analyst, with Fulton Bank.

To learn more about the Spring Construction Seminar, please see the attached file Download Handout Booklet for details. To inquire about further details of the seminar please contact the Construction Professionals of McKonly & Asbury, LLP. 

Last Chance To Register for the Spring 2012 Construction Seminar - Friday, May 18th

McKonly & Asbury, LLP along with Murray Risk Management and Insurance, Woolford Law and Fulton Bank, will be hosting the Spring 2012 Construction Seminar on Friday morning, May 18th at the Sheraton Harrisburg/Hershey at 4650 Lindle Road in Harrisburg. This morning program will feature timely subject matter impacting the construction community. Registration and breakfast will begin at 7:30 AM with the seminar running from 8:00 AM to 11:30 AM. CPE credits will be available. The cost of registration is $35.

The full agenda for the day, including speakers and topics, is as follows:

7:30am to 8:00am - Registration/Continental Breakfast

8:00am to 8:05am - Welcome

8:05am to 8:55am - Tim Woolford, Woolford Law – Top 10 Contract Provisions Most Likely to Affect Your Right to Payment in the Tight Economy

8:55am to 9:35am - Michael Hoffner, McKonly & Asbury – Revenue Recognition/Lease Accounting Changes for Contractors

9:35am to 9:55am - Break

9:55am to 10:40am - Lydia Mantle, Murray Risk Management and Insurance – Personal Surety: Is This the Right Choice for You?

10:40am to 11:25am - Bill Kepler and Jim Wagner, Fulton Bank – Current Banking Market for Construction and Contractors

11:25am to 11:30am - Evaluation Forms and Adjournment

To register for this event, please contact the events staff of McKonly & Asbury, LLP at events@macpas.com or by calling 717-972-5822.

Save The Date - Spring 2012 Construction Seminar - Friday, May 18th

McKonly & Asbury, LLP along with Murray Risk Management and Insurance, Woolford Law and Fulton Bank will be hosting the Spring 2012 Construction Conference on Friday morning, May 18th at the Sheraton Harrisburg/Hershey. This morning program will feature timely subject matter impacting the construction community. Registration and and breakfast will begin at 7:30 AM with the seminar running from 8:00 AM to 11:30 AM. CPE credits will be available. The cost of registration is $35.

To register for this event, please contact the events staff of McKonly & Asbury, LLP at events@macpas.com or by calling 717-972-5822. More details regarding topics and speakers will be announced shortly on Contractors Center Point. Stop back to www.contractorscenterpoint for more details.

 

Webinar Recap: Claim What You Deserve

We had another great webinar presented by alliantgroup’s Managing Director, Michael Siegel. alliantgroup is a national advisory firm serving a broad spectrum of clients, from individuals and start-ups to Fortune 1000 corporations.

We learned about the R&D Tax Credit and how architects, engineers, software developers, contractors, and job shops are among the dozens of industries now taking advantage of this powerful incentive. We also reviewed recent changes and tips to help you take maximum advantage of the credit.

Check out our Upcoming Events page for news and updates on our future seminars and webinars.

Below, you will find the link to replay the presentation, enjoy!

 

Watch on YouTube

 

McKonly & Asbury’s 2011 Fall Construction Seminar – November 1

McKonly & Asbury will be hosting our 2011 Fall Construction Seminar on Tuesday, November 1! Join us and our event sponsor, the American Subcontractors Association of Central Pennsylvania, as we explore topics relevant to the construction industry. 

Topics and speakers include:

McKonly & Asbury

• Accounting and Tax Update – Michael Hoffner, Partner - Audit and Accounting Services; Jason Skrinak, Principal - State and Local Tax; and Lisa White, Senior Manager - Federal Construction Tax
• Fraud and Construction – Samuel BowerCraft, Senior Manager - Information Technology and Security 

Reager & Adler, PC

• Construction Workplace Misclassification Act – Thomas Williams, Shareholder 

McConkey Insurance & Benefits

• Reducing Subcontractor Financial Risk – Greg Marco, Surety Account Executive 

The seminar will be held at the Radisson Penn Harris at 1150 Camp Hill Bypass in Camp Hill, PA. Registration and breakfast will begin at 7:30am and the seminar will run from 8:00am until 11:30am. The cost to attend is $25, and CPE credits are available.

To register for this event, please contact us at events@macpas.com or by calling (717) 761-7910.

McKonly and Asbury, LLP Along With Murray Risk Management and Insurance and Woolford Law Hold Spring Construction Seminar

On Thursday, May 19th2011, McKonly and Asbury, LLP along with Murray Risk Management and Insurance and Woolford Law, held there Spring 2011 Construction Seminar. The Seminar, with nearly 100 in attendance, was held at the Eden Resort in Lancaster, Pennsylvania.

The seminar started with a presentation on LEAN for the construction industry presented by Michael Hoffner, CPA and David Blain of McKonly and Asbury, LLP. Mr. Hoffner and Mr. Blain covered key concepts of LEAN and provided practical guidance for implementation of LEAN for contractors and those in the construction market. Jamie Malachowski of McKonly and Asbury, LLP provided a brief analysis on energy credits available to contractors and ways that contractors could take advantage of those credits.

Doug Dvorchak, ARM of Murray Risk Management and Insurance presented on Controlling Workers Compensation Costs. Mr. Dvorchak covered the calculation of premium, experience modification factors and discussed effective tools to reduce workers compensation cost. Mr. Dvorchak's presentation was followed by a discussion on How to Obtain and Maintain Bonding Credit in Troubled Times by Lydia Mantle of Murray Risk Management and Insurance. Mrs. Mantle covered the current state of the surety market, provided a surety outlook, discussed mechanisms to obtain and maintain bonding and covered the seven decisions that can make or break a surety program.

Finally, the day ended with an enlighting and very educational presentation from Tim Woolford, ESQ of Woolford Law. Mr. Woolford discussed the Prevailing Wage Act in Pennsylvania. Mr. Woolford focused on recent trends in the act, the outlook for future changes to the act and current enforcement trends in the act. The seminar was followed by a reception afterwords.

To view a copy of the presentation, please go to the events page of Contractors Center Point (www.contractorscenterpoint.com/events) and view the PDF under the May 19, 2011 Construction Seminar.

For more information on the May 19, 2011 seminar or to learn more about upcoming seminars in construction, please contact the construction professionals of McKonly and Asbury, LLP.

Time Is Running Out to Sign Up for the Spring 2011 Construction Seminar on May 19!

Sign up today for the Spring 2011 Construction Seminar on May 19! Hosted by McKonly & Asbury, Murray Risk Management and Insurance, and Woolford Law, this seminar will feature subject matter relevant to you and your business. 

The seminar will be held at the Eden Resort & Suites at 222 Eden Road in Lancaster, PA. Registration will begin at 12:30pm and the seminar will run from 1:00pm until 4:00pm. After the seminar, join us for drinks and snacks as we enjoy a time of networking from 4:00pm – 5:30pm. The cost to attend is $25, and CPE credits will be available. 

Speakers and topics include:

• Mike Hoffner and David Blain, McKonly & Asbury – “LEAN for Construction: A ‘How To’ Regarding the Use of LEAN Techniques for Contractors and Those in the Construction Markets”
• Jamie Malachowski, McKonly & Asbury – “Review of Energy Credits Available in the Construction Market”
• Doug Dvorchak, Murray Risk Management and Insurance – “Controlling Workers Compensation Costs”
• Lydia Mantle, Murray Risk Management and Insurance – “Thinking Outside the Box: Maintaining/Obtaining Bonding Credit in Troubled Times”
• Tim Woolford, Woolford Law – “A Primer on Prevailing Wage Compliance” 

To register for this event, please contact Erin Hench at ehench@macpas.com or by calling (717) 972-5814.