Engineering Inc. - July/August 2005 - 9
scouring, water quality assessments and SBA plans to use written comments
and witness testimony from modeling in direct competition with the the
hearings to develop a new proposal for simplifying size standards. private
sector. ACEC Secures Reintroduction of Cash The House report states: The
Commit- Accounting Bill t e e strongly discourages WRD Water Rep. Jim
Nussle R-Iowa has reintroduced key ACEC-endorsed tax Resource Division of
USGS from provid- ing commercially available services to fed- legislation
to preserve the ability of engineering firms to continue eral and
non-federal entities through its using the cash method of accounting to
pay taxes. Cooperative Water program, unless these H.R. 2647, the
Qualified Personal Service Corporation Clarifica- Mark Hamouz services are
performed by a private sector tion Act, would update the federal tax code
and allow engineering LONCO firm under contract with the Survey or the
firms to continue using the cash accounting method where taxes entity with
which the Survey has entered are paid in the tax year when payment into a
cooperative agreement. for services is rendered as opposed to Mark Hamouz,
a principal for LONCO, a Denver-based engi- the accrual method, which
requires taxes neering firm, applauds the inclusion of the language in the
report. to be paid in the tax year the service is USGS' practice of
unfairly competing with the private sector has performed. MANNIE
GARCIA/GETTY IMAGES negatively impacted our industry for too long, he
says. USGS This legislation will help to resolve the should develop clear
guidance to its state offices on what types of uncertainty created by the
current tax code, services the Survey should perform and what services are
commercial while preserving the option for engineering and best performed
by the private sector. firms to use cash accounting, says Nussle, ACEC
will continue to monitor the bill to ensure that the language chairman of
the House Budget Committee. He also sits on the tax-writing Ways and Jim
Nussle R-Iowa remains in place during conference, which likely will occur
in July. LONCO Means Committee. Woods Testifies on Size Standards Congress
last addressed this issue in the John Woods, a principal for Woods-Peacock
Consulting Engineer- 1986 tax law, which required most corpo- ing, Inc.,
recently represented ACEC before the Small Business rations with annual
revenues greater than $5 million to use the Administration SBA on the
agency's ongoing efforts to restructure accrual method. In doing so,
Congress recognized that certain serv- the size standard for small
engineering firms. ice providers, such as architecture and engineering
firms, should Federal and some state agencies use SBA size standards to
deter- continue to use cash accounting, since they neither manufacture a
mine the eligibility of firms for small business programs and federal
product nor carry any inventory. contracts that can be awarded to small
businesses. Woods testified at Since 1986, however, the nature of the
engineering industry has a June 17 hearing one of 11 hearings SBA
conducted nationwide evolved, as more clients want firms to not only
design facilities, but to obtain feedback from business owners in key
industry sectors. build, operate, maintain and even finance those
projects. Engineer- Woods outlined ACEC's position that implementing two
size ing firms have evolved to meet these demands, but in doing so they
standard tests for engineering services, as proposed in 2004, is bur- have
changed their internal structure in a way that puts at risk their densome
and unnecessary, and that only a gross receipts-based size ability to
continue to use cash accounting. standard should be retained. ACEC also
recommends that the cur- H.R. 2647 will remedy this looming problem by
updating the tax rent size standard of $4 million should be periodically
adjusted to code's ownership and function tests to ensure that A/E firms
may account for inflation and that SBA should continue to use cash
accounting. consider options to allow firms that have grown beyond the
size standard to con- tinue to qualify as small businesses for a limited
time. Last year, SBA proposed a change to the current engineering firm
size standard of $4 million or less in gross receipts to a new standard of
50 employees or fewer and a cap of $7 million in annual gross FOR MORE NEWS
receipts. In the face of strong opposition John Woods Woods-Peacock
Consulting from ACEC and other industry organiza- For weekly legislative
news, t i o n s , SBA withdrew its proposal and Engineering, Inc. visit
ACEC's Last Word online vowed to work closer with industry groups at
www.acec.org. to develop alternatives. 9 J u l y l August 2005 ENGINEERING
INC.
http://www.acec.org
Engineering Inc. - July/August 2005
Table of Contents for the Digital Edition of Engineering Inc. - July/August 2005
Members in the News
Well-Prepared Leadership
Remembering the Codes
ACEC's 2005-2006 Executive Committee
Market Watch
Institute for Business Management
Contents
News & Notes
Business Insights
Cover Story: Interview with Senator Jim Talent
ACEC Fall Conference
EEA Call for Entries
One on One
Premium Increase Slowing
Legislative Action
From ACEC To You
Engineering Inc. - July/August 2005 - Cover1
Engineering Inc. - July/August 2005 - Cover2
Engineering Inc. - July/August 2005 - Contents
Engineering Inc. - July/August 2005 - From ACEC To You
Engineering Inc. - July/August 2005 - 3
Engineering Inc. - July/August 2005 - News & Notes
Engineering Inc. - July/August 2005 - 5
Engineering Inc. - July/August 2005 - 6
Engineering Inc. - July/August 2005 - Market Watch
Engineering Inc. - July/August 2005 - Legislative Action
Engineering Inc. - July/August 2005 - 9
Engineering Inc. - July/August 2005 - Cover Story: Interview with Senator Jim Talent
Engineering Inc. - July/August 2005 - 11
Engineering Inc. - July/August 2005 - 12
Engineering Inc. - July/August 2005 - 13
Engineering Inc. - July/August 2005 - Well-Prepared Leadership
Engineering Inc. - July/August 2005 - 15
Engineering Inc. - July/August 2005 - 16
Engineering Inc. - July/August 2005 - 17
Engineering Inc. - July/August 2005 - Remembering the Codes
Engineering Inc. - July/August 2005 - 19
Engineering Inc. - July/August 2005 - 20
Engineering Inc. - July/August 2005 - 21
Engineering Inc. - July/August 2005 - 22
Engineering Inc. - July/August 2005 - 23
Engineering Inc. - July/August 2005 - Premium Increase Slowing
Engineering Inc. - July/August 2005 - 25
Engineering Inc. - July/August 2005 - 26
Engineering Inc. - July/August 2005 - ACEC's 2005-2006 Executive Committee
Engineering Inc. - July/August 2005 - 28
Engineering Inc. - July/August 2005 - 29
Engineering Inc. - July/August 2005 - Business Insights
Engineering Inc. - July/August 2005 - 31
Engineering Inc. - July/August 2005 - Members in the News
Engineering Inc. - July/August 2005 - 33
Engineering Inc. - July/August 2005 - 34
Engineering Inc. - July/August 2005 - 35
Engineering Inc. - July/August 2005 - 36
Engineering Inc. - July/August 2005 - 37
Engineering Inc. - July/August 2005 - 38
Engineering Inc. - July/August 2005 - 39
Engineering Inc. - July/August 2005 - ACEC Fall Conference
Engineering Inc. - July/August 2005 - 41
Engineering Inc. - July/August 2005 - 42
Engineering Inc. - July/August 2005 - 43
Engineering Inc. - July/August 2005 - One on One
Engineering Inc. - July/August 2005 - Cover3
Engineering Inc. - July/August 2005 - Cover4
Engineering Inc. - July/August 2005 - EEA Call for Entries
Engineering Inc. - July/August 2005 - Entries2
Engineering Inc. - July/August 2005 - Entries3
Engineering Inc. - July/August 2005 - Entries4
Engineering Inc. - July/August 2005 - Entries5
Engineering Inc. - July/August 2005 - Entries6
Engineering Inc. - July/August 2005 - Entries7
Engineering Inc. - July/August 2005 - Entries8
Engineering Inc. - July/August 2005 - Institute for Business Management
Engineering Inc. - July/August 2005 - I2
Engineering Inc. - July/August 2005 - I3
Engineering Inc. - July/August 2005 - I4
Engineering Inc. - July/August 2005 - I5
Engineering Inc. - July/August 2005 - I6
Engineering Inc. - July/August 2005 - I7
Engineering Inc. - July/August 2005 - I8
Engineering Inc. - July/August 2005 - I9
Engineering Inc. - July/August 2005 - I10
Engineering Inc. - July/August 2005 - I11
Engineering Inc. - July/August 2005 - I12
Engineering Inc. - July/August 2005 - I13
Engineering Inc. - July/August 2005 - I14
Engineering Inc. - July/August 2005 - I15
Engineering Inc. - July/August 2005 - I16
Engineering Inc. - July/August 2005 - I17
Engineering Inc. - July/August 2005 - I18
Engineering Inc. - July/August 2005 - I19
Engineering Inc. - July/August 2005 - I20
Engineering Inc. - July/August 2005 - I21
Engineering Inc. - July/August 2005 - I22
Engineering Inc. - July/August 2005 - I23
Engineering Inc. - July/August 2005 - I24
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