Tax Methods for Construction Contractors – How to Pick’m, and how to Change’m!
Dec 8, 2020 4:45pm ‐ Dec 8, 2020 5:35pm
Identification: COR2035
This session will be an interactive discussion of the Income Tax Methods available to Construction Contractors, and a review of the benefits (or dangers) for your company or clients. The session will also involve practical approaches and solutions if changes may be needed.
- Participants will become familiar with the Tax Methods available to Construction Contractors.
- Gain an understanding of the methods that might be most beneficial for various construction trades and specialties.
- Recognize the techniques and requirements to change to their best method(s).
Estate Planning Based on Valuation
Dec 8, 2020 4:45pm ‐ Dec 8, 2020 5:35pm
Identification: COR2037
The recent election brought very little clarity to the current estate planning environment. The State of Georgia currently has two run-off elections which will determine control of the United States Senate. This session will:
1. Cover the current state of the estate and gift tax laws, Biden’s proposed changes to those laws, and
2. Cover numerous estate planning techniques to consider when facing uncertainty.
1. Cover the current state of the estate and gift tax laws, Biden’s proposed changes to those laws, and
2. Cover numerous estate planning techniques to consider when facing uncertainty.
Proptech in Real Estate
Dec 8, 2020 4:45pm ‐ Dec 8, 2020 5:35pm
Identification: COR2036
Discussing the evolution of Proptech & Construction technology over the last 5 years combined with future trends/projections.
- Discuss the history of Proptech
- Highlight the recent changes and acceleration of adoption
How Payment Automation Can Mitigate Risk and Improve Efficiency For Construction: Session Sponsored by Comdata
Dec 9, 2020 10:00am ‐ Dec 9, 2020 10:50am
Identification: COR20SS01
Construction companies are looking at ways to adapt to a new normal especially when it comes to their back office operations. Removing unnecessary steps from business processes—like manual payments—helps construction companies drive down costs through automation tools like electronic payments. Hear from Comdata’s VP, Brent Meyers, on how easily payment automation can:
- Transform to 100% electronic check registers and remittances
- Mitigate fraud and risk across all payment types
- Offload vendor data maintenance through cloud technology
- Become a strategic revenue contributor
WIP or Get WHIPPED! A Construction Guide to Work-In-Progress: Session Sponsored by Deltek
Dec 9, 2020 10:00am ‐ Dec 9, 2020 10:50am
Identification: COR20SS02
An accurate and timely Work-in-Progress (WIP) report is one of the most essential tools a contractor can use to optimize profitability. WIP reporting provides construction companies and their CPAs with the insight needed to determine if active jobs are underbilled or overbilled allowing them to proactively manage jobs.
In this session, we will discuss:
In this session, we will discuss:
- • How to identify and address common WIP and construction accounting mistakes
- • The basics of WIP to include reporting frequency and information needed
- • How WIP reporting can help you properly manage profitability, produce accurate financial statements (e.g. P&L), and drive job success
- • An easy WIP Starter Guide built to help contractors successfully implement new WIP processes
Post-Election Landscape: Tax Legislation and Real Estate Tax Policy
Dec 9, 2020 11:05am ‐ Dec 9, 2020 11:55am
Identification: COR2039
Ryan McCormick, Senior Vice President and Counsel at The Real Estate Roundtable, will discuss the consequences of the recent election for tax legislation and policies affecting U.S. real estate. Ryan will review the prospects for a COVID-19 relief/economic stimulus bill, policymakers' tax priorities for 2021, and the likely direction of tax legislation in the new Congress. The session will consider the outlook for proposals related to marginal rates, capital gains, like-kind exchanges, cost recovery, debt restructuring, infrastructure, housing, and energy efficiency. Questions we will address include: what are the real estate industry’s current policy priorities and what are the potential implications of pending proposals for real estate and the broader economy?
Learning Objectives:
Learning Objectives:
- Review potential changes in tax legislation and real estate tax policy
- Understand the implications of pending proposals for real estate owners and investors
A New Reality: The Impact of Covid-19 on Construction Technology and Accounting
Dec 9, 2020 11:05am ‐ Dec 9, 2020 11:55am
Identification: COR2038
Covid-19 has impacted every industry, including Construction Technology and Accounting. But what are the particular challenges that have been experienced by our industry? Has construction technology helped contractors navigate the uncharted waters of conducting business during a pandemic? How can data and analytics enable contractors to make better informed business decisions, and preserve every penny of profit?
Speaker, Bassem Hamdy, will discuss three key topics that financial professionals need to know - and takes a look at what's on the horizon for 2021.
Speaker, Bassem Hamdy, will discuss three key topics that financial professionals need to know - and takes a look at what's on the horizon for 2021.
- Understand the benefits of data analytics in improving financial forecasting and maximizing profit
- Identify three key areas that contactors can use to leverage data-driven decisions
- Discuss the current state of ConTech - and what's ahead in 2021
End of Year Tax Preparedness/Planning
Dec 9, 2020 12:10pm ‐ Dec 9, 2020 1:25pm
Identification: COR2041
You still have options. Let’s see what might make sense to think about as we wrap up 2020 and what to consider up until you file your returns.
Objectives:
Objectives:
- Gather year end preparedness ideas to give some footing during uncertainty.
- Bring forth ideas that perhaps previously didn’t apply to your company’s model.
- Discover why filing under extension may be an appropriate option for 2020.
ASC 606 and the Surety Industry One Year after Implementation
Dec 9, 2020 12:10pm ‐ Dec 9, 2020 1:25pm
Identification: COR2040
With the implementation of ASC 606 now complete, hear what the surety industry has seen as the major differences in financial statement presentation and what has been the effect to underwriting
- See what construction CPA’s presentation of financial statements look like one year after Implementation
- Learn how sureties are handling the changes in their analysis
- Understand what more may be needed for sureties to fully understand the future financial presentations
Cybersecurity
Dec 9, 2020 12:10pm ‐ Dec 9, 2020 1:25pm
Identification: COR2042
Cybersecurity is an important institutional concern. The COVID-19 pandemic has elevated the cybersecurity concern to a new level of priority. Considering the current circumstances the pandemic has brought to reality, we remain dedicated to providing relevant information about identifying risks, useful practices, and legal and regulatory responses to cybersecurity threats.
- Understand the risks from phishing and ransomware attacks
- Discuss useful practices to keep phishing attempts from becoming successful
- Develop effective legal and regulatory responses to a ransomware attack