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Scheffel Construction Team- National Speakers

Certified Public Accountants Mark J. Korte and Scott A. Weber, principals at Scheffel & Co. P.C., recently had a chance to share their collective expertise in the realm of construction accounting and consulting services at the Association of General Contractors Chapter Executives Conference in Scottsdale, Ariz. Between the two, they covered topics like Cost Segregation, Business Valuation, Business Transition Planning, Maximizing Bonding and Credit Capabilities, along with Job Cost Efficiency and Profitability Analysis.

"We were able to present topics that were timely and well received given the current economic climate within the construction industry," Korte said. "The general response was that it was refreshing to hear nuts and bolts information they might not have thought about before."

The invitation to speak was extended through the Southern Illinois Builders Association, of which Scheffel & Co. is a member.

During the conference, Korte and Weber interacted with chapter executives from around the Midwest, gaining a view of the industry from their perspective.

"It gave us an idea of the kind of things they encounter with construction companies in their area of the country and see what others are experiencing," Weber said. The Scheffel Construction Team currently offers various consulting services to approximately 75 construction industry clients, including auditing and accounting, tax planning, benchmarking and analytical review and immigration compliance audits. The firm offers innovative solutions for reducing expenses and improving revenues with a profound commitment to clients and the success of their companies. Areas like business valuation, maximizing bonding and credit capabilities, and budgeting and cash flow analysis are just a few of the services the Scheffel & Co. team can provide to assist companies to grow their business.

"Our primary goal is to help construction clients get systems in place so they can monitor budgets," Weber said. "We tend to help the construction contractor from an overall company perspective down to a job-by-job analysis. And we have the capabilities to handle everything from small companies to very large construction firms." "Because of our specialization and available resources, the services and solutions we offer to construction clients goes beyond those of the typical CPA firm," Korte added.

Scheffel is also one of only 12 founding member firms in the Construction Accounting Network formed to serve the needs of construction companies through the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms.

CAN expands the national reach of member firms, collectively serving more than 1,000 construction industry clients. Member firms draw on resources of the entire membership to serve clients and their specific needs throughout the country. The network is working to partner with national organizations, like The Associated General Contractors of America, to provide educational webinars for construction companies that include timely topics, like "How to Survive and Thrive in a Down Economy."

Overall, CAN offers a contractor-specific "Tool Box" designed to uncover opportunities to help businesses in the unique construction industry work with professionals like Scheffel & Co. who understand their needs.

Korte is a principal with Scheffel & Co., co-managing the Highland office. In addition to construction accounting, he provides accounting, auditing, tax and consulting services, assisting clients in a variety of industries, including manufacturers, construction contractors, health care professionals and long-term care facilities. Korte is also a member of the BDO Alliance USA Construction Industry Group Executive Committee.

Weber is also a Scheffel & Co. principal with experience in government, construction, and transportation. His client services include preparation and review of audited, reviewed, and compiled financial statements, preparation of individual, corporate, partnership, non-profit and fiduciary tax returns, as well as various consulting services. He is also responsible for overseeing the firm's training and education initiatives.

Both are members of the Construction Financial Management Association.

Managing Principal Dennis Ulrich, George Moore, Travis Klingler and various staff members are also intricately involved in Scheffel & Co.'s construction team. Scheffel & Co. was formed in 1954 as a sole proprietorship. Since that time the firm has experienced continued growth. Offices include locations in Alton, Highland, Edwardsville, Jerseyville and Carrollton, Ill. with more than 70 principals and employees.

For more information, visit www.Scheffelpc.com or the Construction Accounting Network at www.constructionaccountingnetwork.com.