The Hidden Advantages and Disadvantages of the Infrastructure Bill

Recorded On: 10/14/2021

The $1.2 trillion infrastructure bill is an integral part of President Biden’s plan to bring America back. While it will provide a lot of people with jobs, it will also cost a lot of money. Participants in this virtual seminar will learn what the bill could mean to contractors and bonding agents in a post Covid environment. Speaker Marty McCarthy, CPA, CCIFP, managing partner of McCarthy & Company, a leader in construction accounting, as well as a member of the NASBP CPA Advisory Board is joined by Matthew J. Boland CPA, CCIFP, Director – Accounting & Assurance with McCarthy & Company to discuss:

  • How PPP loan forgiveness will impact financial statements.
  • Understanding balance sheets post Covid with the implementation of ASC 606.
  • How underwriters will have new financial statement line items to compare with prior years.
  • Lease standards in accordance with ASC 606 and the infrastructure plan.
  • Potential need for more bonded private work.

 Learn what you need to know if and when the infrastructure plan becomes law. Be aware of potential changes in the tax law and other regulations that could impact your business. 

Martin C. McCarthy, CPA, CCIFP

Office Managing Partner


Marty McCarthy is the office managing partner of Marcum’s Blue Bell, PA, and Tinton Falls, NJ offices and serves as the Firm’s Mid-Atlantic Construction practice leader. With more than three decades of experience working with construction companies, his collaborative and solution-focused approach, technical proficiency, and deep industry knowledge have made him a trusted advisor to contractors looking to operate more efficiently and optimize growth.

Before merging his practice into Marcum in 2023, Mr. McCarthy was the managing partner of McCarthy & Company, PC. Under his leadership, McCarthy & Company was named one of The Top 50 Construction Accounting Firms™ by Construction Executive for four consecutive years (2019-2022) and recognized by Accounting Today as a 2023 Mid-Atlantic Regional Leader and one of the “Best Accounting Firms to Work For” (2019-2022). City & State Pennsylvania named Mr. McCarthy to its 2023 Construction Power 100 List. He was the only accountant to earn the distinction.

Matthew J. Boland


McCarthy & Company, PC

Matthew J. Boland CPA, CCIFP, director – accounting & assurance with McCarthy & Company, PC, a leader in construction accounting, recently earned the Certified Construction Industry Financial Professional (CCIFP) designation awarded by The Institute of Certified Construction Industry Financial Professionals, Inc. (ICCIFP). The CCIFP designation is "the only construction financial management certification accredited by the American National Standards Institute," according to ICCIFP. Two other members of the firm – Marty McCarthy, CPA, CCIFP, managing partner, and David Gibbs, CPA, CCIFP, MBA, partner, also hold this esteemed designation.

“Earning the CCIFP designation was important to me. It formally recognizes my expertise in construction accounting,” explains Boland. “The majority of the clients that I work with are construction contractors. I was interested in earning the CCIFP designation so I can help my clients strengthen their financial positions, grow their businesses, and become more profitable. That is the value proposition that McCarthy & Company delivers its clients.” By earning the CCIFP designation, Boland joins an exclusive group of fewer than 1,200 professionals nationwide who have met ICCIFP’s rigorous standards in the practice of construction financial management. Established in 2003, CCIFP is the only standard to recognize financial professionals with a superior understanding of the industry’s financial opportunities and challenges. To earn the designation, an applicant must serve in a professional financial role for a construction contractor or an accounting and/or financial service provider to the industry and pass a comprehensive exam. To maintain this certification, members are required to complete ongoing continuing education in the field of construction financial management.

The CCIFP designation raises the standards for construction financial professionals by giving special recognition to those who demonstrate skill and proficiency in their field, verified through advanced education, professional experience, and rigorous examination. As part of an elite group, Boland enjoys a new level of credibility and industry-wide recognition. He has a proven record of accomplishment, experience and success and is now counted among the most highly qualified construction financial professionals in the industry. The ICCFP is a not-for-profit corporation established to promote the highest standards of construction financial management through the credentialing of construction financial professionals. The CCIFP exam covers construction financial management topics such as accounting and reporting, income recognition, budgeting and planning, risk management, taxes, human resources, legal issues, and information technology. This designation has garnered endorsements from the Construction Financial Management Association (CFMA), Construction Industry CPAs/Consultants Association (CICPAC), International Risk Management Institute (IRMI), National Association of Surety Bond Professionals (NASBP), and other well-respected construction industry groups.

He earned a Bachelor of Art degree in accounting and finance from Muhlenberg College in 2010. Matt is a member of the American Institute of Certified Public Accountants (AICPA), Pennsylvania Institute of Certified Public Accountants (PICPA), National Association of Surety Bond Producers (NASBP) and Construction Association of Eastern Pennsylvania (CAEP). A father of three, Matt is married to Gina.

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Virtual Seminar Recording
10/13/2021 at 2:00 PM (EDT)  |  Recorded On: 10/14/2021
10/13/2021 at 2:00 PM (EDT)  |  Recorded On: 10/14/2021
2 Questions
Certificate of Attendance
No credits available  |  Certificate available
No credits available  |  Certificate available