CICPAC

05/06/2026

Staying ahead in construction accounting means mastering the essentials, like accurate job costing, WIP schedules, percentage-of-completion, and industry-specific tax nuances.

That's why we are excited to share our new, affordable CPE courses from CICPAC's Learning Platform - learning.cicpac.com.

1. Fundamentals of Construction Accounting (2.0 CPE hours, only $105) – Dive into percentage-of-completion calculations, industry ratios, job costing, and common pitfalls.

2. Fundamentals of the WIP Schedule (1.5 CPE hours, only $80) – Learn to build a rock-solid Work-in-Progress schedule, spot errors early, and analyze profit fade/gain reports like a pro.

3. Fundamentals of Construction Taxation (1.8 CPE hours, only $95) – Get the basics of construction-specific tax issues to ensure compliance and smarter advisory. Similarly priced in the accessible range.

Perfect for busy professionals who want construction-focused knowledge that sets you and your firm apart as the go-to experts in the industry.

https://learning.cicpac.com/ and enroll today!

What construction accounting / tax topic would you like us to focus on developing next? Drop a comment below!

02/06/2026

We're excited to launch the “Fundamentals of Construction Taxation” course from CICPAC’s learning platform, designed specifically for construction CPAS, professionals serving contractors and construction businesses. Whether you are newer to the industry or looking to refresh your knowledge, this tax course helps you better understand the unique considerations that impact contractors, project planning, and year-end strategies.
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If you work with construction clients or are part of a construction finance team and want to strengthen your technical foundation, this is a great place to start. CPE Credit Available.

Learn more and register: https://learning.cicpac.com/course/fundamentals-of-construction-taxation

02/04/2026

Construction CPAs and accounting pros: Mastering the Work-in-Progress (WIP) Schedule is key to accurate financial reporting in the industry!

Our self-paced course, "Fundamentals of the WIP Schedule," guides you through building a construction-ready WIP in just 1.5 hours. Earn 1.5 Accounting CPE credits while learning to:

- Define the WIP schedule
- Calculate % complete, earned revenue, gross profit, contract position, and billing position

Open to the public – perfect for elevating your expertise. Enroll today at learning.cicpac.com!

01/23/2026

Unlock the secrets to mastering construction accounting and take your career to the next level! Whether you're a project manager, contractor, or aspiring accountant in the building industry, our "Fundamentals of Construction Accounting" course at learning.cicpac.com is designed to give you the essential skills for accurate job costing, financial reporting, and compliance.

Learn key concepts like progress billing, retainage, and overhead allocation through practical examples and real-world scenarios.

Enroll today and build a stronger financial foundation for your projects!

🔗 Sign up now: learning.cicpac.com/courses/fundamentals-of-construction-accounting

12/26/2025

A recent blog post from eBacon has been shared with us! Davis-Bacon Compliance: Why Payroll Teams Need to Know the Enforcement Process

On federally funded construction projects, the Davis-Bacon Act requires prevailing wages—and the enforcement investigation process ensures contractors actually pay them.

When an investigation starts, investigators scrutinize:
• Certified payroll reports
• Worker classifications
• Wage determinations
• Fringe benefit records

Understanding who enforces the rules (primarily the U.S. Department of Labor), how investigations are triggered, and exactly what documentation is needed helps payroll teams respond quickly, minimize disruptions, and avoid costly violations.

Proactive compliance isn’t just good practice—it’s smart business. Continue reading... https://cicpac.com/construction-blog/davis-bacon-enforcement-investigation-process/

12/17/2025

Construction Accounting & Finance Pros – The ONE report that separates thriving contractors from the ones quietly bleeding cash? The WIP Schedule.

Learn to master it with our self-paced course: “Fundamentals of the WIP Schedule” (1.5 Accounting CPE hours)

After this course, you’ll confidently:

- Define WIP schedule
- Identify the 4 values required to prepare a WIP schedule
- Recognize why the timely preparation and review of the WIP schedule is essential to a construction company’s success.
- Identify the key financial statement line items that tie to the WIP schedule
- Identify the components of a Profit Gain/Fade Report
- Analyze a Profit Gain/Fade Report
- Calculate backlog

You’ll finally understand:
- Exactly how a WIP schedule is built (step-by-step)
- What those numbers are screaming at you every month
- How to catch profit fade BEFORE it hits the income statement
- Why your bank or surety keeps asking for it (and how to make them happy)

👉 https://learning.cicpac.com

Tag the controller who’s still doing WIP in Excel at 2 a.m. – this will change their life. ⤵️

12/16/2025

🚨 Mobile Workforce Guidelines – Download Now 🆓

Construction pros: Your crews don’t stay in one place — and neither should your reimbursement strategy.

Contractors have faced myriads of tax changes over the past several years. Some of the changes directly impact treatment of business travel, meals, and entertainment for these taxpayers.

Inside our guide we:
✅ Review recent changes effective the mobile workforce
✅ Discuss the reimbursement options that are 100% IRS-compliant
✅ Educate on Accountable and Non-Accountable plans
✅ Share company provided lodging benefits
✅ Provide templates for travel / per diem, expense reimbursement, company vehicle usage policies, and more!

Best part? This guide is available IMMEEDIATELY. Download the latest Mobile Workforce Guidelines and start the new year stronger, smarter, and fully compliant.

👉 Get it free --> https://cicpac.com/education/construction-industry-resources/mobile-workforce-guidelines/

12/15/2025

Welcome Brett Sinsabaugh, CPA, CCA and the Keiter team to CICPAC!

Keiter provides tax, audit, valuation, and advisory services designed to support privately held businesses, high-net-worth individuals and their families through every stage of growth and transition.

Their construction industry team works with over 140 regional construction businesses including general and specialty contractors in commercial, residential, industrial, and real estate development sectors.

To learn more more, visit https:

We provide business tax, audit, advisory, and valuation services to high income families, privately held businesses and their owners

12/10/2025

We’re excited to welcome Doug DeBoer and Grimbleby Coleman as a new CICPAC member firm! 🎉

Known for their deep roots in agribusiness and construction accounting, Grimbleby Coleman goes beyond the numbers to deliver insightful, hands-on financial guidance that fuels sustainable growth. Their team brings decades of experience in tax, advisory, and client accounting services, helping businesses balance innovation with long-term financial success. Learn more at https://grimbleby-coleman.com/.

Welcome to the team, Grimbleby Coleman Advisors & Accountants — we’re looking forward to growing our construction knowledge together.

11/12/2025

🚧 **MOBILE WORKFORCE GUIDELINES: Download FREE Now!** 🆓

Construction crews are always on the move—across town, the state, or even the country. But travel, meals, and lodging costs? They add up FAST.

The good news? How you reimburse your team can save **big money** for your company *and* put more in your workers’ pockets—**all while staying 100% compliant**.

👍 One wrong move = thousands lost. The right strategy = huge wins.

👉https://cicpac.com/education/construction-industry-resources/mobile-workforce-guidelines/