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August 2010

Somerset Construction & A/E Team News

GreenBuildingTaxIncentivesGreen Building Tax Incentives: Special Rule for Government-Owned Buildings Could Pass Big Tax Savings to You! Are you performing work on buildings owned by a government, school or municipality? There are several federal tax incentives for designing and constructing energy efficient buildings. The tax incentives typically go to the building owner; however, if the owner is a government agency (that doesn’t pay taxes), they can allocate the deduction to the person primarily responsible for designing the property. This could be an architect, engineer, contractor, environmental consultant or energy services provider. You may be eligible for a deduction of up to $1.80 per square foot for energy efficient features of a building’s construction or retrofit. Contact Chris Mayfield, Jay Feller or Ken Hedlund at 866.920.0331 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it. to discuss your eligibility for this potentially significant tax deduction.

CanstructionTeamCANstruction 2010. The Somerset Construction & A/E Team participated in CANstruction at the Indiana State Fairgrounds. We had a great time and, in the spirit of this year's fair being the "Year of the Pig," created Porko Hamdretti. He's ready to race! Please visit the Ball State Ag/Hort Building when you go to the fair and place your vote for Porko to win the "People's Choice" award! For more pictures of Porko, please visit us on Facebook.

 

 

FinancialforWomen

 

Financial Seminars for Women. Our next Financial Seminar for Women will be "How Your Credit Score Adds Up" on Tuesday, August 17. Cathy Weaver will present this topic. It will be followed by "To Roth or Not to Roth? and Other Retirement Options" on Tuesday, September 14, which will be presented by Valerie Brennan. These will be presented in our conference center, or you may participate via live webinar as well. Details and registration...

50thAnniversarySomerset 50th Anniversary Open House. Please join us on Thursday, September 30 as we celebrate 50 years of commitment to your success! Details...

 

 

 

MBASeries20102011

 

Somerset Practical MBA Program--Attend in Person or Via Webinar. Our popular MBA program is scheduled through 2011. The next one is on Wednesday, August 25, when Michael Fritton will present "Value Chain Analysis and Competitive Analysis." Click here for details. Also visit our Seminars page to see the many additional educational opportunities we are offering.

Work-In-Process is provided by the Somerset Construction & A/E Team 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, This e-mail address is being protected from spambots. You need JavaScript enabled to view it. . 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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