The Tax Cuts and Jobs Act (TCJA) has created a wealth of new opportunities for the thoughtful owner of commercial real estate. A thorough cost segregation study is the vehicle by which TCJA benefits may be obtained. The Tangible Property Regulations (TPRs) are still in play in this post tax-reform era, and in fact augment the utility of the TCJA. This session will demonstrate how a strategic interplay of strategies old and new may be utilized to maximize tax savings on commercial real estate in the era of tax reform.
The discussion will provide an overview of the new strategies outlined in the TCJA
The discussion will go over multiple examples of their application and benefits.
Work-In-Progress reports are critical, forward-thinking financial tools to help your clients manage their businesses’ profitability. The new Revenue Recognition standard will become a reality for some private contractors in 2020, which will impact how they run their WIP reports.
Technology is rapidly transforming how buildings are being designed, built and operated around the world. Dodge Data & Analytics if a global leader in studying the business impact of these key trends. Steve Jones from Dodge will share highlights of their findings and show examples of what leading practitioners are doing.
An in depth discussion on the trends that will impact and influence real estate investment, development, and management decisions in the year ahead and beyond. Mitch Roschelle a PwC Partner and widely recognized media commentator is the co-publisher of the PwC/ULI publication 'Emerging Trends in Real Estate' keynotes this session and provides thought-provoking timely insights.
Learning Objective: Gain a retrospective outlook on the past several economic cycles and the lessons learned along the way.
To better prepare participants to assist clients and / or organization in navigating the dynamic landscape in the real estate and construction industries.
This session will dive deep into the tax and accounting attributes of an ESOP including examples and discussion on when the ESOP can be an attractive liquidity strategy for private businesses, partnerships, and divestiture.
Learning objectives include: Understanding the personal, corporate, and retiree tax benefits of an ESOP
Understanding how an owner achieves fair market value, cash over time, and equity incentives in an ESOP
Section 199A creates a new deduction for up to 20% for Qualifying Business Income (QBI) from qualifying trades or businesses. This session will explore what constitutes a trade or business including discussion about Specified Trade or Businesses (SSTBs) and the relevant factors that indicate separate trades or business.
Learning Objectives:How to determine what a trade or business is for purposes of 199A
What are the relevant factors that assist in determination of what is a trade or business for 199A
The London Interbank Offered Rate (LIBOR) is the primary reference rate for adjustable-rate loans in the United States and is scheduled to sunset at the end of 2021 This session will explore the current proposed alternative reference rates, operational considerations for the real estate marketplace and organization risks, challenges and opportunities during the LIBOR transition.
Learning Objectives:Understand the impact of the LIBOR transition to the commercial real estate capital markets.
Understand and measure organizational impact of the LIBOR transition.
Understanding Topic 606 Revenue from Contracts with Customer and Subtopic 610-20, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets, as they apply to real estate transactions.
Understand revenue from contracts with customer and Subtopic 610-20,
Understand other income – Gains and Losses from the Derecognition of Nonfinancial Assets, as they apply to real estate transactions.
A qualifying real property trade or business may elect out of the interest expense limitations of Section 163(j). This class will examine the opportunities, pitfalls, and unanswered questions surrounding the election.
Identify those businesses that are real property trades or businesses.
Recognize the cost of making the election.
Understand the uncertainty surrounding tax shelters and the impact on the election.
Field of Study: Business Management & Organization
CPE Credits: 1.5
Identification of Project Claims typically seen on a Construction Project with a description of the process for Notice and Substantiation of all claims, including an introduction to Builder's Risk Claims. This seminar will also show how to use the Contract Documents to establish a baseline for the Contractor's Daily Rate. A brief overview of the parties to a construction contract and the interplay of the parties, including the CPA's role as a pro-active asset to the Contractor.
Learning objectives will include: A brief overview of the parties of a construction contract and the duties of the parties.
A second objective will be the notification and documentation process to enable a higher percentage of recovery on delay claims, unforeseen conditions claims, and builder's risks claims on a construction project. Closely tied to the documentation process that will enable discovery will be the presentation of a methodology for establishing the contractor's daily rate from the Contract Documents.
Real estate impact investing is an investment philosophy which has been garnering significant interest among investors seeking financial returns with environmental and social objectives. This session discusses:
The trends, diversity of opportunities, and risk-return profiles
Requirements by impact investors in the domestic and global markets
This presentation will include a discussion of analytical procedures and considerations required for preparation of the contract WIP schedules for heavy highway contractors. The session will also include internal control and auditing procedures to consider for the contract WIP schedules.
Participants will learn about issues affecting the contract WIP schedules of heavy highway contractors, including unit price contract issues, liquidated damages, front end loading, contract risk, DBE compliance, etc.
Participants will receive guidance about the impact of the new revenue standards on the contract WIP schedules
The state-legalized cannabis market is one of the fastest growing industries in the U.S. Real estate is at the heart of the cannabis industry with mission-critical facilities necessary to produce, process and distribute products to consumers. This session will provide a high-level overview of the cannabis industry and offer an in-depth discussion of the opportunity and challenges associated with investing in the capital-intensive and specialized real estate that serves an emerging, high-growth industry, which remains illegal at the federal level.
Understand the opportunity, rationale and competitive landscape for investing in real estate with cannabis related tenancy.
Learn about the formation, capital raising and operational challenges encountered by real estate investment firms that transact with cannabis operators.
In this program, a nationally recognized estate planning attorney with expertise in advising high net worth clients in matters of estate and charitable planning will examine the unique issues and opportunities involved when advising real estate investors on matters of wealth transfer.
Learning Objectives:To become aware of the unique challenges presented in estate and charitable planning when the principal assets are real estate investments.
To be introduced to the most effective estate planning strategies for transferring real property to individual or charitable beneficiaries or trusts for their respective benefit.
How to strike the proper balance between planning for a step up in basis on low basis real property v. reducing estate and generation skipping transfer taxes.
Stay Competitive With The Right Software Solution For contractors the stakes are high and a poor decision can put a contractor’s reputation and prospects for future work in jeopardy. Contractors face many business challenges today and are only compounded when you factor in issues like: • Lack of Transparency across project teams • Manual processes that slow down collaboration and communication • Time wasted converting or recreating information into multiple tools In order to manage these challenges more efficiently you need the right tools. But in the vast landscape of software choices how do you know what you really need? What functionality do you need and how will you implement it? How do you get your teams to adapt and use new software? Poor technology decisions can create more headaches and risk for your company when not done properly. In this presentation you will understand how to make the right construction software decisions for your business and teams and the process to get there.
Current Industry Problems Industry Trends Best in Class processes
Establishing effective and appropriate methods for charging direct, indirect and equipment costs to jobs is critical in accounting for contract costs. In this session, we will review different strategies and methods for job costing including the allocation of indirect and equipment costs. In addition, we will explore best practices and review real life examples of how to align your estimating, budgeting and accounting methods for indirect and equipment costs.
Learning Objectives: 1. Understand how to account for different types of job costs per GAAP and through real-life examples.
2. Identify appropriate cost methods to allocate different pools of indirect and equipment costs.
3. Determine methods to align your estimating, budgeting and accounting for different types of job costs.
4. Understand the economics of equipment costs including how to align your costing methods and structure with your corporate culture. 5. Determine audit considerations to analyze the absorption of indirect and equipment costs from a CFO’s perspective.
Instructor: Joyce Welch, Scott Grimm, Nathan Clark, Tony Nitti
Track: Tax - Real Estate
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0
The Tax Experts Panel provides the attendees the opportunity to ask the Experts questions regarding relevant topic discussed during the conference or with their practice.
Learning Objectives:Opportunity to ask questions of Tax Experts regarding income tax issues discussed at the conference
Invite discussion about uncertain tax issues that result from TCJA 2017
Association of International Certified Professional Accountants
The Association of International Certified Professional Accountants (the Association) is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) to power opportunity, trust, and prosperity for people, businesses, and economies worldwide.