Thumbnail for 2022 AICPA & CIMA Dealership Conference

2022 AICPA & CIMA Dealership Conference



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Packages Display Packages

This includes sessions from the conference: 2022 AICPA & CIMA Dealership Conference

Sessions Included:

Work Redefined: Work as we know it is changing — here’s how your dealership can win (Oct 27, 2022 08:00 AM)

Fireside Chat (Oct 27, 2022 09:05 AM)

State Tax Compliance and Planning Opportunities (Oct 27, 2022 10:50 AM)

Centralized Accounting Office - Best Practices for Consolidation (Oct 27, 2022 10:50 AM)

Tax Update for Dealership CFO's and Non-Tax Professionals (Oct 27, 2022 12:40 PM)

Benchmarking and Department Reporting (Best Ideas from 20 Groups) (Oct 27, 2022 12:40 PM)

Accounting & Auditing Update (Oct 27, 2022 02:25 PM)

CFO Panel: Ask the Experts (Oct 27, 2022 02:25 PM)

Building a Dealership Group That Will Thrive in the Future (Oct 27, 2022 03:50 PM)

Opening Remarks | Inclusion is Good for Business (Oct 28, 2022 08:00 AM)

The Future of Automotive Retail (Oct 28, 2022 09:30 AM)

Where are you in the Charge Across America? What Consumers and Businesses Need to Know to Make the Jump to EVs (Oct 28, 2022 10:55 AM)

Using Private Aircraft to Grow or Manage a Dealership: Understanding the Tax Opportunities in 2023 and Beyond (Oct 28, 2022 12:45 PM)

Legal Update- Current Legal Operating Issues (Oct 28, 2022 12:45 PM)

Economic Update (Oct 28, 2022 02:05 PM)

Dealer Family Succession Planning: Role of the CPA & Controller (Oct 28, 2022 02:05 PM)

Challenges of Reconciling Parts and Accounting, presented by Total Dealer Solutions (Oct 28, 2022 03:30 PM)

Impact of Reinsurance When Evaluating a Dealership Purchase/Sale, presented by Portfolio (Oct 26, 2022 03:00 PM)

What Dealers Need To Know About The New FTC Safeguards Rule, presented by Helion (Oct 27, 2022 07:00 AM)

FINTECH – A New Age in Digital Payments, presented by Solutios (Oct 27, 2022 07:00 AM)

Dealer Accounting on The Cloud, presented by Tekion (Oct 28, 2022 07:00 AM)

Gear Up for Tax Savings: What Dealership Professionals Must Understand for 2022, presented by Capstan (Oct 28, 2022 07:00 AM)

TECH DEMO #2 - Tekion Pay: Payments the Unified Way, presented by Tekion (Oct 27, 2022 02:00 PM)

TECH DEMO #1 - Parts Pad to GL Zero Variance Is Possible, presented by Total Dealer Solutions (Oct 27, 2022 10:25 AM)

TECH DEMO #3 - Loaner Fleet Optimization - Closing the Cost Gap, sponsored by Solutios (Oct 28, 2022 01:40 PM)

  • Thumbnail for Compliance Concerns While Maximizing Profitability
    Identification
    AUT22101
    Date
    October 26, 2022

    What you need to know about compliance that will help you to grow your profits.

    Objectives

    • Recognize the essence of compliance
    • Identify how compliance can become an extremely important cornerstone to profits

    Speaker

    Speaker Image for Steve Lloyd
    Director, Ethos Group Compliance Solutions
    $7900
    Standard Price
  • Thumbnail for Property & Casualty Insurance Marketing
    Identification
    AUT22102
    Date
    October 26, 2022

    When was last time you shopped the dealership's Property/Casualty Insurance? This session will focus on proactively managing the property/casualty insurance renewal process.

    Objectives

    • Apply Vendor Management
    • Compare RFP Market Selection
    • Calculate Loss Experience Evaluation
    • Analyze Bid Results
    • Identify Policy Verification
    • Distinguish F&I Vendor/Reinsurance Marketing Needs

    Speakers

    Speaker Image for Shawn Dye
    Vice President - Director of Sales, Austin Consulting Group, Inc. (ACG)
    Speaker Image for Robert Messer
    President, Austin Consulting Group
    $7900
    Standard Price
  • Thumbnail for HR After COVID
    Identification
    AUT22103
    Date
    October 26, 2022

    Key items we learned from COVID and how to manage them in the post-COVID world.

    Objectives

    • Identify important and sometimes discrete changes to the dealer workplace during and following the COVID shutdown
    • Recognize which changes are likely to remain in place for the foreseeable future
    • Assess and evaluate legal questions presented by these developments

    Speaker

    Speaker Image for Tim Scott
    Partner, Fisher Phillips
    $7900
    Standard Price
  • Thumbnail for Impact of Reinsurance When Evaluating a Dealership Purchase/Sale, presented by Portfolio
    Identification
    AUT22SS01
    Date
    October 26, 2022

    The pace of mergers and acquisitions in the auto retail space continues to accelerate with no signs of slowing. CPAs whose clients buy and sell dealerships know reinsurance and profit participation are critical components of accurate valuation and post-transaction planning. Join experts Alan Pouyat and Rob Walker for a comprehensive checklist of considerations and a detailed sample GAAP valuation.

    Objectives

    • Recall how to properly valuate and project earnings for dealership enterprises with reinsurance/profit participation programs.
    • Identify a comprehensive checklist relating to structure, termination and runoff fees, products, claims and risk mitigation.

    Speakers

    Speaker Image for Alan Pouyat
    Executive VP of Dealer Development, Resources Management Group/Portfolio
    Speaker Image for Rob Walker
    Managing Director, Portfolio
    $4900
    Standard Price
  • Thumbnail for What Dealers Need To Know About The New FTC Safeguards Rule, presented by Helion
    Identification
    AUT22SS02
    Date
    October 27, 2022

    The FTC has updated the Safeguards Rule under the Gramm-Leach-Bliley Act (GLBA). This update requires dealerships to strengthen their cyber defenses to better protect

    Objectives

    • Identify the most important elements of the new Safeguards Rule.
    • Recognize which elements of the Safeguards Rule are option.

    Speaker

    Speaker Image for Erik Nachbahr
    President & Founder, Helion Technologies Inc.
    $4900
    Standard Price
  • Thumbnail for FINTECH – A New Age in Digital Payments, presented by Solutios
    Identification
    AUT22SS03
    Date
    October 27, 2022

    Will review how digital payments is evolving into today's FINTECH space and how this will impact the franchise automotive dealer.  Case study on title/tag/deal digital reimbursement automation -- dealer group eliminating 100,000+ annual checks saving over $500K in annual expenses -- escheatment compliant!  AP Automation -- learn how to earn to streamline processes and earn rebates.  Fully automated Treasury management and enterprise cash reconciliation.  

    Objectives

    • Identify how to build a dealer collective to drive down merchant rates -- new POS tools and how to deploy remote payments and Customer Present compliant credit card, eCheck and ACH transactions.
    • Use Accounts Payable automation -- migrating from traditional check to digital payment solutions -- ACH, pay forward and VCard.
    • Analyze fleet management for dealer/loaner optimization.
    • Determine how to drive down costs by better fleet utilization and collection of customer fees (e.g., daily rental, mileage overage, fuel, tolls and other misc. expenses). Auto posting and batch reconciliaiton
    • Analyze how to automate payment processes, fully paperless, use of auth to eliminate Card-Not-Present downgrades, full DMS integration to eliminate data entry and streamline batch posting

    Speakers

    Speaker Image for Andrew Carrington
    Co-Founder, President, Solutios, Inc.
    Speaker Image for Todd Stone
    Managing Director, Fintech Vertical Sales, FIS
    $4900
    Standard Price
  • Thumbnail for Work Redefined: Work as we know it is changing — here’s how your dealership can win
    Identification
    AUT2201
    Date
    October 27, 2022

    The pandemic served as a catalyst for a permanent redefinition of work as we know it. Given the changes made in March of 2020 across the auto industry, many workers realized that work doesn’t have to interfere with their personal lives. And on top of that, the steady rise in gig economy work has made it so workers truly can choose their own schedules and define what flexibility means for them. So as an employer looking to hire, this means that on top of competing with other dealerships or other businesses in the area, you’re competing with people’s ability to work for themselves. In this session, Adam Robinson, CEO of Hireology will dig into exactly what people expect from work and how you can redesign your jobs and adjust your hiring processes accordingly.

    Objectives

    • Evaluate key priorities among today’s job seekers
    • Formulate fresh and effective hiring techniques to your current strategy
    • Reconstruct your jobs and corresponding offerings
    • Assess today’s pandemic-induced recruiting and hiring challenges

    Speaker

    Speaker Image for Adam Robinson
    Co-Founder & CEO, Hireology
    $4900
    Standard Price
  • Thumbnail for Fireside Chat
    Identification
    AUT2202
    Date
    October 27, 2022

    Join us as Matt Bowers, President & Chairman of Matt Bowers Automotive Group, discusses success stories, best practices, and the operational challenges during the recent pandemic.

    Objectives

    • Identify how industry, economic and global pandemics bring challenges and opportunities
    • Recall insights on how a dealer-operator is continually adapting

    Speaker

    Speaker Image for Matt Bowers
    President & Chairman, Matt Bowers Auto Group
    $4900
    Standard Price
  • Thumbnail for TECH DEMO #1 - Parts Pad to GL Zero Variance Is Possible, presented by Total Dealer Solutions
    Identification
    AUT22TD1
    Date
    October 27, 2022

    No more spot checking invoices at random, manually comparing invoices to packing slips, or a hectic month end or annual physical trying to figure out issues. PartsRec makes your life easier by giving you the tools to automate this process, saving you time, ensuring the accuracy of your inventory, and reducing your risk, because with PartsRec you can track your variance down to the part down to the penny.

    Objectives

    • Learn how our software catches daily errors in both parts and accounting
    • Learn how to improve parts accuracy and increase sales
    • Learn how PartsRec can stream line the parts and core returns process ensuring you never miss a credit owed to you and give efficiency back to the Parts Manager

    Speaker

    Speaker Image for Mark Payne
    Owner/CEO, Total Dealer Solutions
    $4900
    Standard Price
  • Thumbnail for State Tax Compliance and Planning Opportunities
    Identification
    AUT2203
    Date
    October 27, 2022

    In this session we will explore developments in state and local tax including state tax nexus and apportionment. We will also review the new state pass-through entity tax elections, as well as discuss sales tax and residency considerations.

    Objectives

    • Analyze state tax nexus including economic nexus considerations.
    • Apply knowledge of state apportionment and unitary and combined filing requirements.
    • Assess the potential benefit of state pass-through entity tax elections.
    • Identify developments in state and use tax.

    Speakers

    Speaker Image for Breanne Eagles
    Tax Senior Manager, Moss Adams
    Speaker Image for Brittany Richards
    Tax Senior Manager, Moss Adams LLP
    $4900
    Standard Price
  • Thumbnail for Centralized Accounting Office - Best Practices for Consolidation
    Identification
    AUT2204
    Date
    October 27, 2022

    As dealerships continue to expand, the complexities of handling processes such as accounts payable, accounts receivable, cash flow, billing and payroll can become challenging and costly. More multi-store dealers are transitioning away from location-specific accounting functions in favor of a centralized service model.

    Objectives

    • Identify the benefits that a centralized accounting model can offer, including: improved efficiency and accuracy in reporting, strengthened internal controls, appeal to potential buyers in a dealership sale and more. We will also address challenges that groups face during the consolidation process.
    • Recognize best practices and questions to consider before moving towards a centralized model.

    Speakers

    Speaker Image for Meredith Lucciola
    Senior Manager, DHG
    Speaker Image for Stephen James
    Stephen James, CPA, CGMA
    Chief Financial Officer, Allegiance Trucks
    $4900
    Standard Price
  • Thumbnail for Tax Update for Dealership CFO's and Non-Tax Professionals
    Identification
    AUT2205
    Date
    October 27, 2022

    In this session, we'll overview several key tax issues impacting the dealer industry for upcoming tax filings, changes to Sec. 163(j) interest limitation calculations, business meals, and bonus depreciation. The session will also share updates on current legislation impacting potential LIFO recapture relief for dealers.

    Objectives

    • Recognize key tax issues affecting the dealer industry
    • Identify current legislation impacting dealer tax positions

    Speakers

    Speaker Image for Neal Wicks
    Senior Tax Manager, Crowe LLP
    Speaker Image for Kevin Gilbreath
    Tax Partner, Crowe LLP
    $4900
    Standard Price
  • Thumbnail for Benchmarking and Department Reporting (Best Ideas from 20 Groups)
    Identification
    AUT2206
    Date
    October 27, 2022

    NCM Associates originated the automotive 20 Group peer collaboration model in 1947 and its effectiveness has been proven time and again over the years. The concept is smart and simple: using Benchmark data [https://www.ncmassociates.com/...] as the foundation, we bring together similar, non-competing business owners from a broad cross-section of the country to exchange best practices, experiences, ideas, and strategies. This session will discuss both benchmarking and the importance of accurate departmental reporting within the automotive industry.

    Objectives

    • Identify measurable key performance indicators impacting your dealership.
    • Analyze reports from each department to assess overall dealership health.

    Speaker

    Speaker Image for TJ Wilson IV
    Instructor, NCM Associates
    $4900
    Standard Price
  • Thumbnail for TECH DEMO #2 - Tekion Pay: Payments the Unified Way, presented by Tekion
    Identification
    AUT22TD2
    Date
    October 27, 2022

    Unify payments across all channels, on one platform. Learn how to eliminate manual payment entry to reduce errors and enable seamless reporting automation.

    Objectives

    • Manage all sales and service invoices with an integrated terminal solution
    • Simplify reporting and reconciliation with one platform, making processes more efficient and streamlined.
    • Eliminate the need for a third-party processor to improve accuracy while reducing unneeded work.

    Speaker

    Speaker Image for Jamie Fox
    Director, Technology, Tekion
    $4900
    Standard Price
  • Thumbnail for Accounting & Auditing Update
    Identification
    AUT2207
    Date
    October 27, 2022

    Explanation and discussion of newly issued accounting pronouncements, with particular focus on those of greater impact to dealerships. Focus on auditing standards that are relevant to those working with retail dealerships, including consideration of matters critical to both audit and review engagements. These matters will also be discussed from the viewpoint of the dealership, ensuring those not in public practice can utilize the sessions materials to enhance their internal financial reporting and better interact with the public accountants they work with.

    Objectives

    • Identify relevant accounting and auditing standards impacting dealership financial reporting
    • Assess key matters and industry nuances the practitioner encounters in the Dealership accounting environment
    • Distinguish the impact and time requirement of implementing recently released accounting and auditing standards

    Speaker

    Speaker Image for Lewis Fisher
    Lewis R. Fisher, CPA, CGMA
    Partner, Moss Adams LLP
    $4900
    Standard Price

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