Blogs

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QUESTION:    C'MON! IT'S ONLY A COMMA!!!???   ANSWER:      A MISSING COMMA COST ONE COMPANY FIVE MILLION DOLLARS!   Oakhurst Dairy had to pay its delivery drivers five million dollars to settle a wage and hour dispute about overtime pay all because of a missing comma! O'Connor v. Oakhurst Dairy, 851 F.3d 69 (1 st Cir. 2017). What does punctuation have to do with an employment dispute? "For want of a comma, we have this case." That is how the court started its opinion concerning a dispute between a Maine dairy company and the dairy delivery drivers. The case involved the scope of an exemption from Maine's overtime law. The court ...
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QUESTION:    I THOUGHT THAT ONLY THE COMPANY COULD BE PENALIZED FOR FAIR LABOR STANDARDS ACT VIOLATIO NS? ANSWER:       WHEN A TEXAS ROPE COMPANY GOT TIED UP WITH THE DEPARTMENT OF LABOR, THE OWNER, PLANT MANAGER AND OFFICE MANAGER WENT TO JAIL!   Numerous federal laws include civil liability for individuals who fail to comply with the laws. Some federal laws even provide for individual criminal liability for company owners and managers. Don’t let the boss rope you into breaking the law! The U.S. Attorney’s office charged that High Performance Ropes of America, Inc. did not pay overtime compensation, back wages, employment benefits, and other ...
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On June 19 our Siouxland Chapter had our quarterly meeting at the clubhouse of Prairie Green Golf Course in Sioux Falls. We welcomed Jason Gusso, one of the chapter's founding members, to speak on "Surety Bond Underwriting - It's an Art. Not a Science." Jason covered the topic well and responded to numerous questions from the attendees. He discussed what a bond provides, types of bonds, the steps of underwriting, and a surety's options in a claim situation. Jeff Pray, also a member of the Siouxland Chapter, then spoke on insurance products, covering in particular the lines of directors & officers liability, crime insurance, and pollution insurance. This presentation ...
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For those of you that missed April's CFMA meeting in Sioux City, you missed our first ever meeting in Sioux City...and it was a good one! Many of the attendees completed our post meeting survey and the results averaged an 4.75 on a scale of 1 - 5!  A special thank you to Renee and Thompson Electric for being outstanding hosts!   Here is a brief overview of the meeting and some of the key notes from a couple of our speakers. We started our meeting with some introductions, followed by speakers Loren VenHuizen, Sean Mayer, and Patrick Fay. Loren VenHuizen, partner and B2BCFO, challenged attendees and demonstrated that the "three day close" is, in fact, ...
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Greetings, I’m hoping that everyone is in good spirits as the weather has warmed up and it has started to feel a little bit more like spring! As the rivers are expected to crest today and tomorrow – I hope that all our members have been able to stay dry and haven’t been seriously impacted by the flood waters. Please continue to keep those impacted in your thoughts and prayers, as many people, business and farms throughout the Midwest are still responding to the devastating implications of rising flood waters. It isn’t new news that unemployment remains low and hiring skilled employees continues to be a challenge to many employers. More important than hiring ...
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​We are a custom report developer for Viewpoint Construction clients - specializing in Crystal Reports and SSRS.  Please reach out to us for your custom report needs! LisaKahler@ccegroupinc.com CCE Group, Inc
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Greetings~ We are a 3rd Party Crystal Report ​& SSRS report developer specializing in Viewpoint Construction clients.  We work with all sizes of companies. If you have custom report development needs, please reach out to us:  lisakahler@ccegroupinc.com
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Does anyone currently use a third party payroll processing company for payroll that includes electronic time sheet entry, time sheet approval at management level, job costing, payroll processing and direct deposit? If so, who are you using and is it an easy process to integrate with Vista by Viewpoint?   Thanks in advance for your help
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Question:   WHAT ARE THREE DOCUMENTS THAT I THOUGHT WOULD NEVER BE DONE ELECTRONICALLY? Answer:      ELECTRONIC PROMISSORY NOTES, ELECTRONIC NOTARIZATIONS, ELECTRONIC WILLS, OH MY "Toto, I've a feeling we're not in Kansas anymore." Many days the changes in the world of business make me feel like Dorothy waking up in Oz. The novelty and colors of change make me yearn for the predictable black and white of Kansas. When I started practicing law there were still court reporters who used steno pads and shorthand to keep the record of depositions. Contracts were typed on 8 ½ by 14 inch legal paper and the copies were made with carbon paper. ...
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CCIFP study group

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​Hello- does anyone in the Atlanta area have the CFMA "book" that I rent for about 1 month. Thanks
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If you missed our September quarterly meeting on September 19, here is a brief overview: We began with a brief business meeting that included announcing 3 new members of the chapter, bringing our membership to 67. We also took a moment to recognize Dan Doyle on his 5-year anniversary with CFMA. Dan was not able to join us at the meeting, but we thank him for his ongoing service for CFMA! We also made note that CFMA's 12 Plus Program is underway, which allows new members joining now to pay dues for just 12 months and receive membership through March 31, 2020. Finally, we did an overview of CFMA's peer group program, which is a newer offering available through ...
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WHEN SOMEONE DENIES THEY INTENDED TO SIGN AN ELECTRONIC DOCUMENT, IT CAN BE DIFFICULT TO ENFORCE AN ELECTRONIC AGREEMENT. The problem in determining whether there is a valid electronic signature is similar to the age-old problem of proving that someone’s signature is genuine when that party denies that he or she signed the document. With the written signature, you would need handwriting experts to prove the authenticity. When someone denies that they intended to sign an electronic document, proving the intent and authenticity can be even more challenging. No, really! I didn’t mean it! Thomas Fair, an attorney, founded three companies that owned ...
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Another Succesful CFMA Miami-Dade Chapter meeting on CFO Roundtable: Employee Benefits and Retention Strategies, the process of preparing the WIP schedule - How CFOs can impact Job profitability and Ciber Security on September 13th, 2018 by our Speaker's Yvette Aubin, Maria Guthrie and Luciano Lo Giudice. Thank you for
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A special thank you to all those who recently volunteered their time and energy to help pack lunches for Lunch is Served, Inc. An enjoyable time was had, and we recently received this letter of appreciation from the organization:  Thank_You_-_Lunch_is_Served.pdf
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Our Siouxland Chapter was recently recognized as a recipient of one of the 2018 Founder's Recognition Awards.  These awards are given based on the value provided by the chapter back to its members. We ranked 5th out of 19 chapters in our size category! Thank you to all the members who give of their time and energy to make our Siouxland Chapter successful! Check out the award certificate here:  2018_Founders_Award_-_Siouxland.pdf
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BRAYN Consulting, LLC is excited to be a sponsor at the 16th Annual CFMA Louisiana Construction Conference. You are cordially invited to join BRAYN Consulting for a welcome reception on August 8th.  Our Drinks & Bites event will be held from 6:00 pm to 8:00 pm at Lucy's Retired Surfers Bar, across the street from the Renaissance Arts Hotel.  Kick off the conference in a fun and relaxed environment networking with other CFMA members! Please email jason@braynconsulting.com to RSVP. We look forward to seeing everyone at the event. Thanks, Jason P Villere, CTP BRAYN Consulting LLC Director, Management Consulting Cell: (225) 337-0053 jason@braynconsulting.com ...
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Has anyone had any experience with adding a WACC( a % charge to account for the cost of working capital) fee to jobs that are underbilled?  Obviously, the goal would be to encourage more promptly billing of jobs.  The drive for this goal would be the charge going back to the job. Currently, there is no penalty for this type of behavior.
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TO 1099 OR NOT TO 1099

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QUESTION:    CAN WE STILL COLLECT THE DEBT AFTER WE FILE A CANCELLATION OF DEBT NOTICE WITH THE INTERNAL REVENUE SERVICE? ANSWER:         YOU NEED TO CAREFULLY COMMUNICATE TO THE DEBTOR THAT YOU INTEND TO COLLECT THE DEBT EVEN THOUGH YOU FILED FORM 1099-C WITH THE IRS. Can I “1099” the bum to make him pay? Creditors sometimes threaten to file 1099 forms if debtors don’t pay. What they mean is that they will file Form 1099-C with the Internal Revenue Service (“IRS”) indicating that the debtors should pay income tax on the unpaid indebtedness. Threatening to turn someone into the IRS in order to make them pay your debt could be viewed as ...
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ANSWER:        INADVERTENTLY OMITTING THE LETTER “T” FROM THE DEBTOR’S MIDDLE NAME INVALIDATED THE UCC-1 FINANCING STATEMENT! What’s in a name?   Ronald Markt Nay bought two Terex Dump Wagons with loans from LEAF Capital Funding, LLC (“LEAF”). One loan was for $41,000 and the other loan was for $36,950. LEAF filed UCC-1 financing statements with the Indiana Secretary of State’s Office to perfect its liens against the two dump wagons. Each of the UCC-1 financing statements stated the Debtor’s name as “Ronald Mark Nay.” The debtor’s name listed on his unexpired Indiana driver’s license was “Ronald Markt Nay.” Mr. Nay and his wife, filed a chapter ...
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Greetings, After having a long winter, we can now confidently say that summer is here – and construction season is in full swing! Fast approaching is our June quarterly meeting and Industry Builder Golf Tournament which is next Wednesday June 20 th . You still have time to register if you are interested in coming to the educational meeting or participating in the golf tournament. It is a great opportunity for networking and a chance to get out of the office and enjoy some sunshine, the current forecast for Wednesday is 84 degrees and partly cloudy! See links below for more information. As most are aware, unemployment remains low, and finding skilled trade ...
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