Thursday, December 16, 2010

Specialized Estimating Training

Estimating the cost of a project continue to be a difficult tasks for the small and disadvantaged contractors (SBE/DBE). Accurately forecasting the cost of future projects is vital to the survival of any business, which is why M.A. Mortenson is sponsoring the Minority Emerging/Small Business Outreach Estimating Program.

M.A. Mortenson is dedicated to expanding the business skills of minority, women, and small businesses enterprises by developing and improving their business operation to become more competitive in a fast changing business environment.

For furthur information
 And click on link:
2010 - November Newsletter

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Thursday, October 28, 2010

For those that work in and do business in the transportation industry, you certainly will appreciate what the American Association of State Highway and Transportation Officials (AASHTO) dug out of the historical vault…….

DTC Campus Lightrail stopImage by jeco via Flickr
With the election just around the corner, AASTHO dipped into its historical vault and found that the key election messages of 1924 on transportation are still valid today. Calvin Coolidge told the Congress, "No expenditure of public money contributes so much to the National wealth as the building of good roads." The Republican Platform included the language: "We pledge a continuation of this policy of Federal Cooperation with the States in highway building," while the Democratic Platform said, "Improved roads are of vital importance not only to commerce and industry but also to agriculture and rural life." For these and other artifacts from that era, go to

Friday, October 8, 2010

Ten Tips for Taxpayers Making Charitable Donations, August 23, 2010 by IRS

Did you make a donation to a charity this year? If so, you may be able to take a deduction for it on your 2010 tax return.

Here are the top 10 things the IRS wants every taxpayer to know before deducting charitable donations.

1. Charitable contributions must be made to qualified organizations to be deductible. You can ask any organization whether it is a qualified organization and most will be able to tell you. You can also check IRS Publication 78, Cumulative List of Organizations, which lists most qualified organizations. IRS Publication 78 is available at

2. Charitable contributions are deductible only if you itemize deductions using Form 1040, Schedule A.

3. You generally can deduct your cash contributions and the fair market value of most property you donate to a qualified organization. Special rules apply to several types of donated property, including clothing or household items, cars and boats.

4. If your contribution entitles you to receive merchandise, goods, or services in return – such as admission to a charity banquet or sporting event – you can deduct only the amount that exceeds the fair market value of the benefit received.

5. Be sure to keep good records of any contribution you make, regardless of the amount. For any contribution made in cash, you must maintain a record of the contribution such as a bank record – including a cancelled check or a bank or credit card statement – a written record from the charity containing the date and amount of the contribution and the name of the organization, or a payroll deduction record.

6. Only contributions actually made during the tax year are deductible. For example, if you pledged $500 in September but paid the charity only $200 by Dec. 31, your deduction would be $200.

7. Include credit card charges and payments by check in the year they are given to the charity, even though you may not pay the credit card bill or have your bank account debited until the next year.

8. For any contribution of $250 or more, you must have written acknowledgment from the organization to substantiate your donation. This written proof must include the amount of cash and a description and good faith estimate of value of any property you contributed, and whether the organization provided any goods or services in exchange for the gift.

9. To deduct charitable contributions of items valued at $500 or more you must complete a Form 8283, Noncash Charitable Contributions, and attached the form to your return.

10. An appraisal generally must be obtained if you claim a deduction for a contribution of noncash property worth more than $5,000. In that case, you must also fill out Section B of Form 8283 and attach the form to your return.

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Friday, September 24, 2010

Employee vs. Independent Contractor – Seven Tips for Business Owners 8/20/2010, By IRS.

NEW YORK - APRIL 15:  A woman picks up tax for...Image by Getty Images via @daylifeAs a small business owner you may hire people as independent contractors or as employees. There are rules that will help you determine how to classify the people you hire. This will affect how much you pay in taxes, whether you need to withhold from your workers paychecks and what tax documents you need to file.

Here are seven things every business owner should know about hiring people as independent contractors versus hiring them as employees.

1. The IRS uses three characteristics to determine the relationship between businesses and workers:

• Behavioral Control covers facts that show whether the business has a right to direct or control how the work is done through instructions, training or other means.

• Financial Control covers facts that show whether the business has a right to direct or control the financial and business aspects of the worker's job.

• Type of Relationship factor relates to how the workers and the business owner perceive their relationship.

2. If you have the right to control or direct not only what is to be done, but also how it is to be done, then your workers are most likely employees.

3. If you can direct or control only the result of the work done -- and not the means and methods of accomplishing the result -- then your workers are probably independent contractors.

4. Employers who misclassify workers as independent contractors can end up with substantial tax bills. Additionally, they can face penalties for failing to pay employment taxes and for failing to file required tax forms.

5. Workers can avoid higher tax bills and lost benefits if they know their proper status.

6. Both employers and workers can ask the IRS to make a determination on whether a specific individual is an independent contractor or an employee by filing a Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding, with the IRS.

7. You can learn more about the critical determination of a worker’s status as an Independent Contractor or Employee at by selecting the Small Business link. Additional resources include IRS Publication 15-A, Employer's Supplemental Tax Guide, Publication 1779, Independent Contractor or Employee, and Publication 1976, Do You Qualify for Relief under Section 530? These publications and Form SS-8 are available on the IRS website or by calling the IRS at 800-829-3676 (800-TAX-FORM).
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Friday, September 10, 2010

Rocky Mountain Minority Contractors Associations (RMMCA) in the News

RMMCA in the News

Sustainable Business Workshop Contest &Review

RMMCA would like to congratulate the contest winners of the Sustainable Business Workshop contest on July 22, 2010. They will receive 6 free hrs of one-on-one consultation in either estimating, proposal writing, or human resources services from Rex Davis & Associates LLC and W. Garnett & Associates. The workshop was put on by RMMCA & COMTO which provided members with training in estimating, proposal writing, business marketing, and business management. The program consisted of eight workshops which ran from April to July at RMMCA's office in Centennial.

RMMCA's Sustainable Business Workshop Part II Coming Soon

Because of the success of the first Sustainable Workshop, RMMCA has decided to conduct a second series that will focus on project management. The workshop is expected to start later this year.

Breakfast with Primes Networking Events

RMMCA along with its partners CCA have come together to relaunch the "breakfast with Primes" networking events. RMMCA will kick off its "breakfast with Primes" with two networking events in October and November TBD. These events will be held every month starting in January 2011, providing a Prime is available for hosting. These networking events will give subcontractors the ability to build relationships with the Prime contractors, thus, making it easier to understand what the Prime is looking for in a bid proposal and for the Prime to develope a working relationship with the subcontractor. The subcontractor will also benefit from knowing about future projects the Prime may have. The breakfasts will be Free to RMMCA members while non-members will be charged an admittance fee. Non-members can become RMMCA members and enjoy these beneficial networking events for free by filling out a membership application by Clicking Here. Keep an eye on your email inbox for notices about the networking events with Primes.

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States Stand Ready to Respond to President Obama's Transportation Investments with $80 Billion in Ready-to-Go Projects. AASHTO Press Release

WASHINGTON - APRIL 16:  U.S. President Barack ...Image by Getty Images via @daylifeStates Stand Ready to Respond to President Obama's Transportation Investments with $80 Billion in Ready-to-Go Projects

Transportation agencies reacted positively to news that President Barack Obama plans to include immediate transportation investment in his recipe for economic recovery.

"We are highly supportive of President Obama's proposal to immediately invest $50 billion to rebuild roads, expand high speed rail, and rehabilitate airport runways," said John Horsley, executive director of the American Association of State Highway and Transportation Officials.

"We have demonstrated that investing in transportation infrastructure is one of the fastest ways to create and sustain jobs. An AASHTO January 2010 survey of states showed 9,800 ready-to-go projects valued at nearly $80 billion. If Congress wants to pass legislation investing in our transportation infrastructure, the states stand ready to put those dollars to work."

Horsley pointed out that the states' track record creating and sustaining jobs is excellent. More than 90 percent of Recovery Act-funded transportation projects, representing approximately $48 billion in investments, are under contract.

More information on how states are delivering Recovery Act projects can be found at Details on states' ready-to-go projects survey is online at

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Tuesday, July 27, 2010

A Tip for Disadvantaged Business Enterprise (DBE) Wanting to Build Strong Business Relationships with Majority Firms

DBE's building solid relationships in the construction industry is a key factor in the life of a small and emerging business. It's important you be a straight shooter, doing what you say you promise goes a long way to building relationships. Be honest about the type of services you can actually perform well and deliver on time. Bad customer service loses business. You want repeat business and a strong standing relationship with your client. Your delivery of great service to the client will generate wonderful word of mouth advertising throughout the contracting community. Meet and exceed expectations of your client. Contractors are looking for qualified DBEs. Over delivery is always a great way to build a long term relationship.

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Tuesday, March 16, 2010

The Ancient Art of Bartering Goes Mainstream. Some of the country's largest companies engage in bartering.

In today's challenging economic enviroment with much uncertainly, using in-kind trade can not only sustain your business but preserve your working cpaital while you obtain goods or services that you otherwise might not be able to afford. Make no bones about it- the ancient art of bartering is now going mainstream. Some businesses are not suitable for barter, but for those businesses otherwise, it can mean the differnce in conserving cash. As a matter of fact the SBA wrote an article on this subject.............

Wednesday, March 10, 2010

What do People Think of Your Business?

When people encounter your busines, your products or your services they will either think negatively or positively about it depending on your brand. Ultimately, it is your brand that determines if people actually do business with you....................................3 Steps to Better Brand Building - E-Myth Worldwide

Sunday, February 14, 2010

5 Ways to Eliminate Time Bandits - E-Myth Worldwide

What kind of work is keeping you busy in your business?

Time management is a skill that a lot of us struggle with. Even with the best intentions and the lastest technological gadget that is supposed to streamline your work and improve efficiency, how often have you left work planning all the things you need to do in the morning because you didn't get to them today? Busy business owners are just that busy.

5 Ways to Eliminate Time Bandits - E-Myth Worldwide: "—Michael Gerber