DMEPOS Competitive Bidding Program Bond

The Center for Medicare and Medicaid Services (CMS) has announced its bid window on Round 2021 for the supply of durable medical equipment (DMEPOS) under the Medicare program.  The bid window will run for 60 days and begins July 15, 2019. The CMS is requiring any durable medical equipment provider who will be submitting a bid for any Competitive Bidding Area (CBA) to provide a DMEPOS Competitive Bidding Program Bond with their bid.  There are a total of 130 CBA’s who will be accepting bids … [Read more...]

Goldleaf Surety to Attend IIAW InsureCon 2019

Goldleaf Surety's Regional Sales Manager Kevin L. Kohlbeck and New Business Intake Manager Lori Olson will be attending the IIAW InsureCon 2019 annual convention and trade show.  This year's convention is being held at the Madison Marriott West in Middleton, Wisconsin. Please plan to visit our booth, booth #3, at the Convention Showcase and Networking event on Thursday, May 16th, from 2:15 pm to 4:45 pm.  We are excited to have this opportunity to see familiar faces as well as to meet many … [Read more...]

Goldleaf Surety to Attend NDPIA Convention

Goldleaf Surety's President Jack Anderson and Vice President Rita Jorgenson will be attending the 2019 Annual NDPIA Convention.  This year’s convention will be held from Sunday, May 5th through Tuesday, May 7th at the Ramkota Hotel in Bismarck, North Dakota. Goldleaf Surety will have a booth at this year's trade fair which will be open on Sunday, May 5th from 4:00 pm to 6:00 pm and again on Monday, May 6th from 11:00 am to 3:30 pm.  We are excited to have this opportunity to see familiar … [Read more...]

Goldleaf Surety to Attend MIIAB Expo 2019

Goldleaf Surety's New Business Intake Manager Lori Olson will be attending the Minnesota IIAB Expo 2019 on Tuesday, April 30th.  This year’s MIIAB Expo 2019 is being held at the Mystic Lake Center, Prior Lake, Minnesota.   Please plan to visit our booth (booth #33) at the Exhibit Hall located in the Minnetonka Ballroom on Tuesday from 1:00 to 4:30 p.m. Stop by to discuss how our experienced staff can assist you and your agency with all of your bonding needs from performance bonds to almost … [Read more...]

Goldleaf Surety Welcomes Newest Team Member

Goldleaf Surety would like to take this opportunity to introduce you to our newest team member Jarett Berg.  Jarett grew up and lives just outside of Clarkfield, Minnesota.  He is the father of three busy pre-school age children, two daughters and a son, who keep him on his toes. Jarett has joined Goldleaf Surety in the capacity of an Account Specialist on our contract side of the house.  He will work primarily with our Short Cut Bond Program.  This program uses the personal credit scores of … [Read more...]

Goldleaf Surety to Host 3rd Construction Law Seminar

Goldleaf Surety Services will be hosting a Construction Law Seminar on Thursday, March 14th.  This seminar will be held at the Crow River Winery, Hutchinson, Minnesota.  The seminar will begin with registration at 8:00 am and will end with a free lunch at 12:30 pm. This year’s key note speakers will be Jason Tarasek and Patrick Lee-O’Halloran, attorneys with Thompson Tarasek Lee-O’Halloran law firm out of Edina. Mr. Tarasek and Mr. Lee-O’Halloran will discuss the following topics at this … [Read more...]

Goldleaf Surety to Host 2nd Construction Law Seminar

Goldleaf Surety Services will be hosting a Construction Law Seminar on Wednesday, March 13th.  This seminar will be held at the Embassy Suites Hotel and Conference Center, La Vista, Nebraska.  The seminar will begin with registration at 8:00 am and will end with a free lunch at 12:30 pm. This year’s key note speakers at our Construction Law Seminar will be Bonnie Boryca, Rich Gilloon and Nick Sullivan, attorneys with Erickson Sederstrom law firm out of Omaha. Ms. Boryca, Mr. Gilloon and … [Read more...]

Goldleaf Surety To Host Construction Law Seminar

Goldleaf Surety Services will be hosting a Construction Law Seminar on Thursday, March 7th.  This seminar will be held at the Best Western Bridgewood Resort Hotel & Conference Center in Neenah, Wisconsin.  The seminar will begin with registration at 8:00 am and will end with a free lunch at 12:30 pm. This year’s key note speakers will be Terence Bouressa and Steve Frassetto.  Both Mr. Bouressa and Mr. Frassetto are with the Menn Law Firm and have extensive legal experience. Mr. … [Read more...]

Surety Programs and Financial Statements – Part 2

In the previous blog post, we discussed one area in which accrual basis financial statements are different than a tax basis statement.  If your accountant is providing you with only an income tax basis financial statement for your bond applications, that income tax basis statement almost always understates your company’s financial strength and performance. The treatment of tax depreciation schedules is another area that illustrates how these two different types of financial statements can … [Read more...]

Surety Programs and Financial Statements

As 2018 has drawn to a close, many contractors are working on their year-end financials.  Your company may want to consider having your accountant prepare an accrual basis financial statement in addition to the standard income tax basis financial statement.  This accrual basis financial statement can then be used with your bond application.  If your accountant is providing you with only an income tax basis financial statement for your bond application remember this, income tax basis financial … [Read more...]