Wednesday, December 7, 2022
7:00 AM – 5:00 PM MST
Registration
8:00 AM – 12:00 PM MST
COR22101. Fundamentals of Construction Auditing & Accounting
John Bowman
- Audit Manager | H&Co LLPRussell Rigler
- Principal | CLAThis session will provide an understanding of the basic fundamental concepts of construction accounting and auditing.
Learning Objectives:
- Recall basics on accounting for construction contracts, including change orders and job cost allocations.
- Recognize how to audit construction contractors, including risk assessment considerations and understanding risks associated with construction contractors.
- Identify key accounting and financial statement issues facing construction contractors and apply best practice considerations.
8:00 AM – 12:00 PM MST
COR22104. Partnership Tax Update
Iris Laws
- Manager | FORVISFran Randall
- Partner - Richmond Market and ITS Core Service Leader | ForvisBrian Myers
- Partner | Crowe LLPRochelle Hodes
- Principal | Crowe LLPThis Partnership Tax Update workshop will be split into two parts: * Part 1: Schedules K-2 and K-3 Lessons Learned | Speaker(s): Fran Randall and Iris Laws | 8:00am-10:00pm MT * Part 2: Partnership BBA Audit and Adjustment Update | Speakers: Rochelle Hodes and Brian Myers | 10:00am MT-12:00pm MT
Learning Objectives:
- Identify recent tax changes impacting partnership clients.
- Determine how to apply these changes to the benefit of their clients.
1:00 PM – 5:00 PM MST
COR22102. Real Estate - Valuation Process
Joanna Acosta
- Senior Manager | EYBrett Johnson
- Principal | EYAndrew Alperstein
- Partner | PWCIn this session we will provide an in-depth overview of the valuation process including a general market overview, a discussion of the commonly-used valuation methodologies, and discuss various case studies in applying these approaches to value to various asset classes. Throughout the discussion, we will examine common themes and terminology and take questions from the audience.
Learning Objectives:
- Recognize valuation concepts related to real estate touching on general concepts and methodologies and application in the valuation of standard and non-standard property types.
- Identify capital sources and pricing dynamics.
- Determine how to leverage a case-study for application of these methodologies in valuation for tax and financial reporting.
1:00 PM – 5:00 PM MST
COR22103. Fundamentals of Construction Taxation
Nic Waldenmayer
- Partner | Eide Bailly LLPDee Estep
- Tax Principal | CLAFundamentals of Construction Taxation will cover the unique income tax issues surrounding construction contractors. We will cover practical and real life examples in a manner that allows easy understanding of the basic concepts and relevant issues encountered by contractors including: identifying long-term contracts, income recognition under the percentage of completion method, other accounting methods available, other exempt long-term contracts, cash vs. accrual methods of accounting, the application of look-back interest, alternative minimum tax issues, and the qualified business income deduction under 199A.
Learning Objectives:
- Recognize the basics of tax accounting concepts and methods available for construction contracts
- Identify significant book (GAAP)/tax difference inherit in accounting for construction contracts
- Recognize pit-falls and tax planning opportunities available to construction contractors
Thursday, December 8, 2022
6:45 AM – 8:00 AM MST
Continental Breakfast and Vendor Display
7:00 AM – 6:00 PM MST
Registration
7:50 AM – 8:50 AM MST
CORK2201. Welcome Remarks | Keynote - No Time to Buy
Dr. Anirban Basu
- Chairman and CEO | Sage Policy Group,Inc.This presentation will supply in-depth analysis of the major factors shaping economic outcomes, including elevated inflation, lingering pandemic, worker shortages, war in Europe, rising interest rates, and stepped up infrastructure spending. It will then turn toward a forecast for the year to come: Is there more growth in our future, or is another recession on the way?
Learning Objectives:
- Recognize the manner in which COVID-19 impacted global, national, and regional economies.
- Identify likely long-term structural shifts impacting key economic segments.
- Indicate several sources of future economic risk.
- Identify the likely pace of economic recovery in 2022 and beyond.
9:00 AM – 10:15 AM MST
COR2202. Strategies to Attract and Retain Top Talent in 2023
Jeffrey Robinson
- President | PAS, Inc.With explosive inflation, talent shortages, turnover, and escalating labor costs this year, attracting and retaining top talent has never been more difficult. By studying what we’ve been through, and trends on the horizon, we may have the chance to “reset” hiring and compensation strategies for years to come, and improve results. This session will explore both successful, and not so successful, hiring processes and compensation programs that impact your success in attracting and retaining talent. We’ll also explore pay practice research, trends, and strategies, as well as hiring processes, that can make a positive impact in attracting and retaining top performers.
Learning Objectives:
- Identify current market trends that affect your overall compensation program and how they impact our mission to recruit, retain, and engage. Identify pay trends and what to look for as trigger points on escalation and eventually stagnation issues. Hear what your next round of pay increases need to be to stay competitive.
- Analyze those behaviors that sabotage pay program effectiveness, including pay compression and the negative impact on your employee and company’s well being
- Determine how to handle compensation conversations with potential candidates throughout the hiring process, understand how to interpret candidate behavior, and avoid wasting valuable time and energy.
- Differentiate motivators of top performers, how to pay them, and how to attract them.
- Distinguish how your employer brand can make or break your success in attracting top performers.
9:00 AM – 10:15 AM MST
COR2203. Real Estate Tax Legislation: Update and Outlook
Ryan McCormick
- Senior Vice President & Counsel | The Real Estate RoundtableThis session will review and analyze recent developments related to real estate and partnership tax legislation, including pending proposals and their likelihood of enactment. The discussion will evaluate the potential impact of recent and proposed tax legislation on real estate ownership, investment, and development. In addition, the session will consider the outlook and prospects for major changes in tax policy going forward that could impact real estate in the years ahead. Topics will include: new, energy-related tax incentives; potential tax incentives for property conversions; the pending expiration of provisions in the Tax Cuts and Jobs Act, such as the section 199A pass-through business income deduction; and proposed changes related to capital gains, like-kind exchanges, and carried interest.
Learning Objectives:
- Analyze recent and proposed real estate-related tax legislation, including prospects for enactment
- Compare the potential economic and other consequences of the pending tax policy proposals
10:15 AM – 10:45 AM MST
Refreshment Break & Vendor Display
10:45 AM – 12:00 PM MST
COR2204. CFO Panel
Tony Lajimodiere
- CFO | Martines Palmeiro ConstructionTimothy Love
- SVP & Corp Controller | MasTec, Inc.Jackie Buck
- VP of Finance and Administration | Harper Construction Company Inc.During this session, financial executives representing construction contractors of varied sizes and industries will be focused on:
1. What CFO’s are doing right now to deal with current risks and opportunities,
2. Disruption in construction end markets such as those related to oil production and transportation,
3. The continuing skilled labor shortage, and technology steps that are being deployed to real benefit.
Learning Objectives:
- Analyze what CFO’s are doing right now to deal with current risks and opportunities
- Recognize disruption in construction end markets such as those related to oil production and transportation
10:45 AM – 12:00 PM MST
COR2205. Tax Methods
Sarah Windham
- Partner | ForvisThis session will explore the various methods of accounting available to both large and small construction contractors.
Learning Objectives:
- Differentiate small contractor v. large contractor definitions in the IRS code
- Analyze the tax methods of accounting available to various type of contractors.
10:45 AM – 12:00 PM MST
COR2206. Real Estate | CFO Roundtable
Fran Federman
- CFO | F2 Capital PartnersChris Scheer
- CFO | Kampgrounds of America (KOA)Robert Sistek
- Senior Managing Director of Investments | BKM Capital PartnersThis session will focus on the following:
State of the CRE Industry from the CFO Perspective:
* How do the upcoming changes in tax policy, inflationary concerns,
interest rates, health policy, climate change, and other regulatory
developments impact your priorities and strategy for your firm?
* A recent study indicated 2/3's of all CRE investment firms are
hiring and challenged with labor shortages - are you seeing this same
trend and how are you attracting and retaining talent within your
departments or the firm in general?
* Is the industry focus on climate change impacting your firm,
reporting, investment strategy, financing strategy or other aspects of
your firm?
* Discuss your firms capital sources and whether there are concerns
with respect to recent investment trends from foreign investors into
US CRE?
* Comment on which asset classes will face the biggest headwinds in
2022 and which sectors, and markets are primed for growth?
How has the current environment, inflation and rising interest rates changed the way you think about
the following:
* Risk – diversification geographically & by property type, tenant
concentration, etc.
* Innovation and Technology
* Next year’s forecast
ESG – how do we measure value / progress and how / does it make a
difference for your company? How is it changing?
* Sustainability
* D&I
* Governance
* Other
Standardizing Transparency & Efficiency in Investor Reporting
* What reporting challenges are you facing as your firm grows and/or
evolves its business strategy?
* What are the latest trends in reporting standards?
* Are investors demanding enhanced reporting capabilities and
transparency?
* Does this vary based on investment strategy, risk profile
(value-add, development, core)?
* How have you been utilizing technology to optimize reporting and/or
organizational capabilities?
* What opportunities exist to improve budgeting and reforecasting?
Which systems, processes, teams and best practices do you have in
place now, and how do you expect those will change?
Learning Objectives:
- Analyze how the upcoming changes in tax policy, inflationary concerns, interest rates, health policy, climate change, and other regulatory developments will impact your priorities and strategy for your firm.
- Identify if the industry focus on climate change is impacting your firm, reporting, investment strategy, financing strategy or other aspects of your firm.
10:45 AM – 12:00 PM MST
COR2233. Return to Work - Office Redesign
Brett Hautop
- Founding Partner | WorkshapeRobert Mankin
- Partner | NBBJHow design needs to support the future of work.
Learning Objectives:
- Identify why workplaces are even necessary anymore
- Analyze new space types and ways of working
12:00 PM – 1:00 PM MST
Luncheon
1:00 PM – 2:15 PM MST
COR2207. ARSC Update: Reviews, Compilations and Financial Statement Preparation Engagements
Michael Westervelt
- Principal - National Assurance, Construction | CLAThis session is intended to provide guidance related to requirements and best practices for reviews, compilations, and financial statement preparation engagements. In addition, we will cover areas where there is diversity in practice and confusion. We will also address current ARSC activities.
Learning Objectives:
- Analyze current ARSC activities
- Identify guidance related to requirements and best practices for reviews, compilations, and financial statement preparation engagements
1:00 PM – 2:15 PM MST
COR2208. Succession Planning and the Tax Implication of a Transaction
Anthony Ivener
- President | Ivener Management GroupThis session will discuss the key elements in developing a succession plan for a construction contractor and its tax implications. The session will begin by identifying key liquidity strategies and selecting the proper technique based on the goals and objective of the owners.
The attendee will learn how to compare internal transfer techniques and better understand the tax impact of a direct purchase versus that of a redemption. In addition, the session will address the tax implications of a stock sale versus an asset sale for an external transaction.
Learning Objectives:
- Indicate key elements in developing a succession plan
- Identify liquidity strategies and selecting the proper technique
- Recognize issues to consider in structuring a shareholder buyout
- Compare a direct purchases to redemption and the tax effect
- Determine the tax implications of a stock vs an asset sale
1:00 PM – 2:15 PM MST
COR2209. Developing an Industry-Niche CPA Practice
Christine Hollinden
- Principal | Hollinden | inbound marketers + strategistsDeveloping a niche practice is a way firms can distinguish themselves from the competition and achieve more rapid, predictable growth. There are various approaches a firm can use to develop a niche practice including focusing on a specific industry, service line, or market need. The challenge of determining when and how to focus is one that plagues many firms. This is particularly true for generalist firms seeking to build a more vigorous (and profitable) practice.
In this session, Christine Hollinden, CPSM, will help you explore your own niche opportunities, including a proven process designed to select and build a niche practice. We’ll deep dive into the strategy and development of a niche practice including where to begin, best practices for growth, and expectations on timing.
Learning Objectives:
- Assess how to identify a niche practice area.
- Differentiate the role of niche practices in firm growth.
- Evaluate the steps to building a niche.
- Interpret best practices in growing a niche practice.
- Formulate expectations for building or expanding a niche practice.
1:00 PM – 2:15 PM MST
COR2210. Emerging Trends in Real Estate
Charles Dirocco
- Director of Real Estate Research | PwCEmerging Trends in Real Estate (ET) is the longest-standing independent industry forecast. ET is a joint publication of PwC and ULI. Gaining perspective from nearly 1,000 interviews and survey responses from CRE market participants, ET is recognized as the most-durable forecast in the sector.
Learning Objectives:
- Analyze an economic snapshot.
- Assess commercial real estate institutional sentiment.
1:00 PM – 2:15 PM MST
COR2211. State PTE Elections - Validating the Opportunity
Jack Small
- Partner, Tax | FORVISA major component of the 2017 _Tax Cuts and Jobs Act_ (TCJA) was the $10,000 limit on the state tax deduction (SALT Cap) for individual income tax return purposes. Since the TCJA’s passing, states have been looking for workarounds to provide income tax relief for individuals. The IRS disallowed many of the state workarounds that have been proposed but approved the pass-through entity-level tax election with the release of Notice 2020-75. The state PTE is effective because the SALT Cap is applicable for only individual income tax purposes. With the state PTE election, pass-through entity taxpayers, such as partnerships and S corporations, can elect to pay state income taxes at the entity-level return rather than on the personal income tax returns of the individual partners and owners. This treatment can circumvent the SALT Cap. This session will provide an overview of states that have implemented a PTE election and desribe the various nuances of the election from state to state. Further, it will describe when the PTE election can be a tax savings opportunity as well as considerations of when PTEs should be cautious with regards to the election.
Learning Objectives:
- Analyze which states allow for PTE elections and how those elections differ from state to state.
- Determine when an election could be valuable as opposed to when it might be detrimental to certain PTE owners.
2:25 PM – 3:40 PM MST
COR2212. Surety Panel
Margie Morris
- Partner | Guignard CompanyEmilio Alvarez
- Managing Partner - Audit Division | H&CO, LLPDavid Pesce
- Head of Surety | Munich Re Specialty InsuranceConsidering COVID's effect on the Commercial Surety Market, Material Price Escalations, Infrastructure Bills, and Economic Indicators the Surety Industry is dealing with many uncertainties now and in the future. Industry leaders from both the Surety Company and Surety Agent side will provide insight into what is expected in the coming years in this dynamic panel discussion.
Learning Objectives:
- Distinguish what is expected in the coming years based on information from industry leaders from both the Surety Company and Surety Agent side.
- Analyze uncertainties now and in the future as a result of COVID's effect on the Commercial Surety Market, Material Price Escalations, Infrastructure Bills, and Economic Indicators the Surety Industry.
2:25 PM – 3:40 PM MST
COR2213. Leases: Practical Approach to Implementation
Erin Roberts
- Partner, Global Engineering & Construction Leader | EYMichael Westervelt
- Principal - National Assurance, Construction | CLAThis session is intended to address the requirements of Lease Accounting Standard (ASC 842) and provide practical implementation considerations.
Learning Objectives:
- Identify the requirements of Lease Accounting Standard (ASC 842)
- Analyze practical implementation considerations
2:25 PM – 3:40 PM MST
COR2214. Tax Update
Jim Lundy
- Partner | Marcum LLPBarry Fischman
- Partner | Marcum LLPThis session is an opportunity to interact with leaders in the construction tax arena. Attendees will gain: - A review of current trends and developments impacting the construction tax industry - Insights from a detailed discussion on tax topics presented in earlier sessions - The opportunity to participate in Q&A on topics important to their company and/or practice - Discussion and impact to construction contractors of proposed, or enacted, tax legislation for 2022
Learning Objectives:
- Analyze a business and individual tax update including current legislative environment as it pertains to the contractor.
- Identify forward looking aspects regarding future potential income tax policy.
2:25 PM – 3:40 PM MST
COR2215. Opportunity Zones
Michael Mcmahon
- EVP Director of Tax | RXRDemetrios Yatrakis
- Principal - Tax | KPMGThe session will first provide a brief overview of the Qualified Opportunity Zone program. In addition, presenters will review the following:
1. the state of the QOZ market;
2. structuring qualified opportunity zone funds and qualified opportunity zone businesses to meet regulatory requirements; and
3. potential upcoming legislation
Learning Objectives:
- Analyze the state of the QOZ market
- Determine how to structure qualified opportunity zone funds and qualified opportunity zone businesses to meet regulatory requirements
- Identify potential upcoming legislation
2:25 PM – 3:40 PM MST
COR2216. FASB Update
Mike Cheng
- Partner | Frazier & DeeterJoin Mike Cheng for a Financial Accounting Standards Board (FASB)
update. This discussion will focus on recent changes that impact
financial reporting in the upcoming year and beyond.
Learning Objectives:
- Analyze recent changes that impact financial reporting in the upcoming year and beyond.
- Recognize updates related to Financial Accounting Standards Board (FASB).
2:25 PM – 3:40 PM MST
COR2217. Creative Liquidity Strategies
Robert Schachat
- Managing Director | BDO USA, LLPThis session will cover many of the ways real property can be transferred in tax-efficient transactions that provide liquidity.
Participants will learn (1) to identify scenarios in which real property transactions can be structured to avoid triggering taxable gain and (2) to determine ways to advise clients of the various federal income tax law requirements for tax deferral in those scenarios.
Learning Objectives:
- Identify scenarios in which real property transactions can be structured to avoid triggering taxable gain.
- Determine ways to advise clients of the various federal income tax law requirements for tax deferral in those scenarios.
3:40 PM – 4:10 PM MST
Networking Break and Exhibits
4:10 PM – 5:00 PM MST
COR2218. How Technology is Transforming the Construction Industry
Stephen Jones
- Senior Director | Dodge Data & AnalyticsThere are a dizzying array of technologies coming into the construction industry and many can provide enormous benefits. But most construction-related companies do not have the internal expertise to effectively evaluate, procure, pilot, and then wisely scale these new tools into their operations. So, success is often elusive and the process can be costly and frustrating. Dodge Data & Analytics has been studying the deployment of technology in construction for many years. Steve Jones, Senior Director of Industry Insights Research for Dodge will share his perspective on the current state of technology, what the most important emerging trends are, and how AICPA members can help to guide clients on their journeys of digital transformation.
Learning Objectives:
- Identify how construction-related companies are currently deploying a variety of technologies and what emerging ones will be most valuable
- Choose strategies to provide valuable guidance to these companies on their journeys of digital transformation
4:10 PM – 5:00 PM MST
COR2219. Review Procedures & Best Practices
Josh Billiard
- Partner | Plante & Moran, PLLCCompare and contrast audit vs. review procedures for contractor clients, focusing on WIP analysis and other common contractor-related financial statement considerations.
Learning Objectives:
- Distinguish key differences for a review vs. audit, with particular focus on WIP
- Analyze techniques for efficiency in review engagements
4:10 PM – 5:00 PM MST
COR2220. Lookback Taxes, is it time to revisit your understanding?
Courtney Vitale
- Tax Director | CBIZ MHM, LLCWhen was the last time you assessed your understanding of Lookback? Whether you could use a refresher or this is your visit class on it, learn what it is and which of your clients it impacts.
Learning Objectives:
- Identify what lookback is and how it applies to the Construction Industry.
- Determine what the filing requirements are & how to calculate.
- Analyze when it does not apply.
4:10 PM – 5:00 PM MST
COR2221. Proposed Regulations Affecting Private Funds
Christina Huizar
Dovid Frankel
- Global Real Estate Investment Funds Services Leader | EYAn interactive discussion on new SEC rules impacting private funds. The first topic is the SEC’s proposed rules over private funds released in February of 2022. We will cover the six main impacts to private fund advisers along with providing common themes observed in the over 200 comment letters the SEC received. The second rule we will cover is the Investment Adviser Marketing rule, which became effective on May 4, 2021 and has a compliance deadline of November 4, 2022. The discussion will be private fund focused, with a primary focus on the performance matters (simultaneous gross versus net IRR presentation requirements). We will also cover some SEC examination focus areas for private fund advisers.
Learning Objectives:
- Analyze the impact of SEC’s proposed rule over private funds, and Investment Adviser marketing rule in the Private funds market.
- Identify best practices to achieve compliance with the Investment Adviser Marketing rule.
- Determine the SEC examination focus areas.
- Recognize the six main impacts of the SEC’s proposed rule over private funds along with providing common themes observed in the over 200 comment letters the SEC received.
4:10 PM – 5:00 PM MST
COR2222. Real Asset Impairment: Indicators, Measurement, and the Current Market
Allen Roth
- Senior Vice President | SitusAMCThis session will explore the fundamental drivers of market & property changes, where the major asset classes currently stand in the real estate cycle, tips for identifying possible signs of impairment, and the two models for testing recoverability. The session will include examples, brain teasers, and Q&A.
Learning Objectives:
- Analyze the fundamental drivers of market & property changes
- Identify where the major assets classes currently stand in the real estate cycle
- Determine possible signs of impairment
- Use the two models for testing recoverability
5:10 PM – 6:00 PM MST
COR2224. Accounting for Joint Ventures in Construction
Michael Lucki
- Retired EVP and CFO - CH2M HILL | Balfour Beatty plcJoint ventures continue to be prevalent in current times. This session will explore the reasons why contractors enter into joint ventures.
Learning Objectives:
- Analyze the reasons why contractors enter into joint ventures.
- Recognize why ventures continue to be prevalent in current times.
5:10 PM – 6:00 PM MST
COR2225. Cybersecurity Trends
David Andersen
- Principal | CLAThis session will explore the current state of cybersecurity, cybercrime, and fraud faced by today’s real estate and construction companies. We will discuss hacker motivations and attack vectors, examine case studies, and collaboratively share successful cyber risk management strategies to safeguard your data, systems, and processes.
Learning Objectives:
- Recognize key weaknesses in IT systems and operational processes that allow major breaches to occur.
- Identify common hacker methodologies.
- Formulate strategies for their organization to prevent or mitigate the risks posed by breaches.
5:10 PM – 6:00 PM MST
COR2226. Debt Valuation and Interest Rates
John Kjelstrom
- Managing Director, Valuations | Chatham FinancialInterest rates have increased significantly in 2022 impacting the mark to market of debt investments and liabilities. This session will focus on the current interest rate environment, the principles of fair value outlined in ASC 820, debt valuation concepts and methodologies, and examples of market-based applications for real estate lenders and borrowers.
Learning Objectives:
- Recognize the impact of market changes and dynamics on the fair value of real estate debt.
- Analyze the principles of fair value applicable to the valuation of debt.
- Identify sources of market support for debt valuation conclusions.
5:10 PM – 6:00 PM MST
COR2227. 1031 Strategies
Robert Schachat
- Managing Director | BDO USA, LLPThis session will address current developments and trends in like-kind exchanges of real property under section 1031.
Participants will learn (1) to identify opportunities for sales of real property through like-kind exchanges and (2) to analyze the many requirements for a transaction to qualify as a tax-free like-kind exchange.
Learning Objectives:
- Identify opportunities for sales of real property through like-kind exchanges.
- Analyze the many requirements for a transaction to qualify as a tax-free like-kind exchange.
6:00 PM – 7:00 PM MST
Reception
Friday, December 9, 2022
6:30 AM – 8:00 AM MST
Continental Breakfast and Vendor Display
6:30 AM – 4:00 PM MST
Registration
7:00 AM – 7:50 AM MST
COR22SS01. Focus on the Market: The Utility of Cost Segregation, presented by Capstan Tax Strategies
Bruce Johnson
- Partner | Capstan Tax StrategiesThis innovative case-based presentation reviews current tax strategies by taking attendees on a tour of different segments of the market. Land allocation and Purchase Price Allocations will also be discussed. The session will begin with a brief overview of Cost Segregation, highlighting its utility throughout the real estate life cycle, and its crucial role as the vehicle for savings. The presenter will then pivot to discussing Bonus Depreciation, the Tangible Property Regulations, and Partial Asset Disposition using real examples from the manufacturing sector. Commercial rental property will then serve as the basis of a discussion of Qualified Improvement Property and the CARES Act. After additional residential real estate examples, the presenter will close with a discussion of Section 179 Expensing and how it can be employed most strategically.
Learning Objectives:
- Identify cost segregation opportunities throughout the real estate life cycle in a variety of market sectors
- Recognize assets eligible for cost segregation in a variety of market sectors
- Identify possible opportunities for cost segregation throughout the real estate life cycle
- Analyze how to employ multiple tax strategies strategically to maximize benefit on commercial, industrial, and residential real estate
7:00 AM – 7:50 AM MST
COR22SS02. Build a Tech Stack Strategy, presented by Xero
Tanner Hoffman
- General Manager - Small Business Growth | XeroJarrod Randall
- Partner Consultant | XeroJoin us to explore ways to expand your services past tax season and offer more value to your clients. We'll discuss how to create tech stacks for clients in different phases of their business journeys, as well as ways that you can use Xero to drive efficiencies in your practice.
Learning Objectives:
- Analyze ways to leverage industry-specific apps for their clients
- Identify how custom tech stacks can help increase value for different types of clients
- Recognize features in Xero that can drive efficiencies for their practice
7:00 AM – 7:50 AM MST
COR22SS03. IRS Audit Guidelines for §179D Energy Efficient Commercial Building Tax Deduction, presented by Walker Reid
David Diaz
- Managing Partner | Walker ReidAs the use of the §179D Tax Deduction has expanded drastically, so has the audit risk that has come along with taking the deduction. This course will debunk the myths regarding the §179D Tax Deduction based on the recently released (2022) IRS Practice unit audit guidelines.
Learning Objectives:
- Analyze the pitfalls as to why §179D Tax Deductions are being audited and what firms can do on the front end to avoid issues if an audit does present itself.
- Identify the qualifying criteria requirements for qualification of the energy tax Attendees will develop a clear understanding of the types of projects that should be claiming §179D Tax Deduction and which projects should not.
- Determine the upcoming changes to the §179D Tax Deduction as part of the Inflation Reduction Act of 2022.
7:00 AM – 7:50 AM MST
COR22SS04. Energy Efficiency Studies and the Inflation Reduction Act, presented by Source Advisors
Imran Syed
- Senior Director | Source AdvisorsBrian Coddington
- Director of Tax Accounting Methods & Credits | Source AdvisorsThis presentation describes energy efficiency studies for commercial and residential developers including recent changes by the Inflation Reduction Act.
Learning Objectives:
- Distinguish common energy efficiency tax incentives for commercial and residential property.
- Analyze recent changes in this area due to the IRA.
- Identify complex issues in the area of accounting method changes and energy efficiency tax studies.
8:10 AM – 9:00 AM MST
CORK2202. Keynote - ESG Panel
Lauren Pesa
- Partner | DeloitteAmy Rojik
- National Assurance Partner | BDO USA, LLPTimothy Love
- SVP & Corp Controller | MasTec, Inc.Erin Roberts
- Partner, Global Engineering & Construction Leader | EYThis session provides an introduction to key ESG concepts and an overview of ESG reporting trends, and regulatory updates, specifically for the real estate and construction industries.
Learning Objectives:
- Recognize key ESG concepts and terminology specifically for construction and real estate
- Analyze the ESG reporting trend and regulatory update
- Compare the challenges of ESG reporting and roles of accounting professionals in ESG reporting
9:10 AM – 10:25 AM MST
COR2228. Impact of New Congress/Legislative Update
Matthew Turkstra
- Director, Tax and Fiscal Affairs | AGC of AmericaThis session will provide an inside look at Washington, D.C., and what the spending decisions, tax debate, and infrastructure proposals mean to companies competing to be profitable in the construction industry. Matt Turkstra of the Associated General Contractors of America (AGC) looks at the construction policy agenda in Congress and the Biden Administration and how actions in Washington will impact the industry in 2022 and beyond.
Learning Objectives:
- Assess and take an inside look at Washington, D.C., and what the spending decisions, tax debate, and infrastructure proposals mean to companies competing to be profitable in the construction industry
- Analyze the construction policy agenda in Congress and the Biden Administration and how actions in Washington will impact the industry in 2022 and beyond.
9:10 AM – 10:25 AM MST
COR2229. Trends in Digital Real Estate
Craig Bromberg
- Co-founder & CEO | HomesyBlake Baxter
- Co-Founder and CEO | Immersive Enterprise Laboratories (IEL)Trends in Digital Real Estate will examine and question what is happening in Web3, Metaverse, Blockchain, and VR/AR, to be prepared for what's next.
Learning Objectives:
- Analyze current trends in Digital Real Estate and the recent happenings in Web3, Metaverse, Blockchain, and AR/VR.
- Determine how to prepare for the future.
10:25 AM – 10:55 AM MST
Networking Break and Exhibits
10:55 AM – 12:10 PM MST
COR2230. ESG Deep Dive: Construction
Amy Rojik
- National Assurance Partner | BDO USA, LLPTimothy Love
- SVP & Corp Controller | MasTec, Inc.Erin Roberts
- Partner, Global Engineering & Construction Leader | EYThis session provides a review of ESG reporting and regulatory trends, and a discussion of why to comply and how to comply for private and public companies in the construction and real estate industries.
Learning Objectives:
- Recognize key ESG concepts and terminology specifically for construction and real estate
- Analyze the business relationships in the construction and real estate industries that are demanding ESG reporting and the reasons they need the data
- Identify an approach for creating an comprehensive ESG reporting culture.
10:55 AM – 12:10 PM MST
COR2231. Deep Dive on A&A Topics
Russell Rigler
- Principal | CLAJames Miller
- Partner | Marcum LLPThis session will cover accounting and audit topics, including advanced accounting topics, and other key issues impacting the construction industry and the financial statement of construction contractors.
Learning Objectives:
- Interpret key issues and topics facing construction contractors from an accounting and financial statement perspective.
- Assess how to apply best practice considerations in working with advanced accounting issues, and identify key financial statement disclosures.
10:55 AM – 12:10 PM MST
COR2232. Tax Panel
Courtney Vitale
- Tax Director | CBIZ MHM, LLCJim Lundy
- Partner | Marcum LLPAnthony Ivener
- President | Ivener Management GroupBarry Fischman
- Partner | Marcum LLPJohn Armour
- President | ARMOUR CONSULTING LLCThis session is an opportunity to interact with leaders in the construction tax arena. Attendees will gain: A review of current trends and developments impacting the construction tax industry Insights from a detailed discussion on tax topics presented in earlier sessions The opportunity to participate in Q&A on topics important to their company and/or practice
Learning Objectives:
- Identify and interact with leaders in the construction tax arena.
- Analyze tax topics presented in earlier sessions to provide additional insights in a more detailed, in-depth format.
10:55 AM – 12:10 PM MST
COR2234. Investing in Life Science and Data Centers: Capital Flows, Expertise and Market Trends
Erik Abrahamson
- Senior Vice President | CBRENic Bustamante
- Senior Vice President - Data Center Development | CorscaleFran Federman
- CFO | F2 Capital PartnersRobert Sistek
- Senior Managing Director of Investments | BKM Capital PartnersThe COVID pandemic significantly influenced the demand drivers across the entire spectrum of commercial real estate. For certain niche property types, there has been an acceleration of trends that were building momentum prior to the pandemic related impact. We will hear from industry experts that invest in some of the most exciting emerging property sectors, such as data centers and life science real estate.. The panel will discuss the fundamentals of these specialized property types, how the pandemic influenced the demand from users and capital flows from investors, as well as an outlook for these sectors going forward.
Learning Objectives:
- Compare highly specialized property sectors that have strong momentum based demand drivers
- Analyze how recent market trends have impacted real estate property fundamentals
- Identify risks and opportunities in niche property sectors
10:55 AM – 12:10 PM MST
COR2235. Waterfalls
Michael Tesoro
- Principal | Gen II Fund ServicesSession will provide an overview of waterfalls in a closed end fund structure. It will include an outline of the basic components, framework and structure of various types of waterfalls. It will include detailed examples and sample calculations and the impact of recent litigation and regulations.
Learning Objectives:
- Analyze the business objectives and economics of waterfall calculations
- Identify the framework and structure of waterfalls
- Recognize current trends and the impact of tax reform and regulation
10:55 AM – 12:10 PM MST
COR2236. REIT Transactions & Rollups
Michael Schindler
- Principal | Crowe LLPThe session will focus on an in depth analysis of key tax considerations and related issues for property owners considering utilizing partnerships and real estate investment trusts in the context of Rollups.
Learning Objectives:
- Identify the different ways REITs are formed and acquire properties.
- Analyze the key tax objectives involved with rollups utilizing partnerships and REITs.
12:10 PM – 1:10 PM MST
Luncheon
1:10 PM – 2:25 PM MST
COR2237. Valuation Perspectives for the Construction Industry M&A and Internal Transaction
Anthony Ivener
- President | Ivener Management GroupTim Sznewajs
- Managing Director | D.A. DavidsonThis session will discuss key elements in understanding appropriate valuation techniques and helpful insight relating to an external and internal transactions. The session will start with an industry overview including valuation observations in M&A transactions. The session will then pivot to a discussion of various approaches to value including specific considerations relevant to internal transactions. From there, such considerations and approaches relevant to internal transactions will be further broken down into management buyout, internal family (related-party) transaction as well as buy-sell triggering events.
Learning Objectives:
- Analyze an industry and market overview of opportunities within the external M&A space.
- Recognize current M&A deal activity, value trends and key take aways.
- Compare value drivers and factors to consider when approaching value when dealing with external M&A deals as well as internal transactions.
- Identify specific approaches to value and considerations for an internal sale.
1:10 PM – 2:25 PM MST
COR2238. Mitigate Construction Risk in a Financial Statement
Robert Mercado
- Partner | Marcum LLPConstruction financial statements rely heavily on estimates more than any other industry. This often presents the risk of a material misstatement. We will focus on tools and techniques to reduce the significant impact of these potential risks.
Learning Objectives:
- Differentiate the most effective audit procedures for construction-based projects
- Use construction specific ratios and analysis methods to identify potential issues
1:10 PM – 2:25 PM MST
COR2239. Home & Residential Construction Contracts, for more than Homebuilder clients
Courtney Vitale
- Tax Director | CBIZ MHM, LLCIf you have clients in this space, attend this class to deepen your knowledge and bring more value.
Learning Objectives:
- Differentiate which types of contracts require different treatment.
- Analyze how this could impact your clients that aren't homebuilders.
- Identify some additional ways to inquire about client job schedules and backlog.
1:10 PM – 2:25 PM MST
COR2240. ESG Deep Dive: Real Estate & Green Financing
Diana Li
- Deal Manager | PwCShareen Yew
- Director | PwCRandy Hoff
- Principal | PwCThis session will explore key sustainability issues associated with brick and mortar real estate, specifically energy efficiency opportunities related to decarbonization, and associated issues relating to property data collection (technology and analysis), ESG reporting, governance and data quality. Additionally, we will discuss opportunities and risks associated with green financing and sustainable investments.
Learning Objectives:
- Identify opportunities and key issues associated with decarbonization for real estate
- Indicate ESG reporting standards, frameworks and associated data integrity
- Recognize the types of green financing, opportunities, risks associated with SFDR fund classifications
1:10 PM – 2:25 PM MST
COR2241. Real Estate Investment Companies 101
Mark Wojteczko
- Managing Director | DeloitteJordan Adelson
- Director | PwCThis course provides an overview of investment company accounting for the real estate industry.
Learning Objectives:
- Identify the basics of the investment company model and how it applies to the real estate industry.
- Recognize how the real estate investment company industry operates.
1:10 PM – 2:25 PM MST
COR2242. Estate Planning, Gifts and Business Succession Planning
Doug Sweet
- Managing Director | FORVIS, LLPThis session will explain the current estate and gift tax laws as they exist today, as well as, the 2026 changes that make planning today so important. We will look at various tax efficient techniques used to transfer businesses to younger generations within the family.
Learning Objectives:
- Analyze the current state of the estate and gift tax laws and various techniques of business succession.
- Compare various tax-efficient techniques used to transfer businesses to younger generations
2:35 PM – 3:50 PM MST
COR2243. Compensation Trends: Pay Rates and Per Diem/Allowances including Tax Effect
Jim Lundy
- Partner | Marcum LLPJeffrey Robinson
- President | PAS, Inc.Workforce shortages, turnover, and escalating labor costs are affecting how the construction attracts, retains, and engages its talent. This session will explore compensation trends, practices, and relevant tax implications of pay rates and add-ons, per diem, vehicle practices, and travel procedures.
Learning Objectives:
- Identify current pay trends that affect the contractor’s overall compensation program and the impact on recruitment, retention, and engagement.
- Analyze the effect of per diem, travel policies, vehicle practices, and potential tax consequence.
- Determine pay differentials and practices based on location and type of construction performed.
2:35 PM – 3:50 PM MST
COR2244. A&A Panel
Emilio Alvarez
- Managing Partner - Audit Division | H&CO, LLPErin Roberts
- Partner, Global Engineering & Construction Leader | EYJulian Xavier
- Managing Principal-Construction | CLAOur panel will cover Construction Accounting and Auditing issues. The audience will:
Learn about hot topics affecting construction and engineering companies in the current environment
Learn about trends in the auditing of construction contractors
Learning Objectives:
- Analyze hot topics affecting construction and engineering companies in the current environment
- Recognize trends in the auditing of construction contractors
2:35 PM – 3:50 PM MST
COR2245. Accounting Experts Panel - Real Estate
Brian Ruben
- Partner, Audit & Assurance; U.S. Real Estate Clients & Growth Leader | DeloitteJordan Adelson
- Director | PwCMike Cheng
- Partner | Frazier & DeeterThis session will host our accounting experts to discuss the impacts
of recent accounting pronouncements and auditing considerations. This
is also an opportunity for participants to ask questions to the group.
Learning Objectives:
- Analyze the impacts of recent accounting pronouncements.
- Recognize the impacts of recent auditing considerations.
2:35 PM – 3:50 PM MST
COR2246. Tax Expert Panel
Michael Schindler
- Principal | Crowe LLPScott Grimm
- Partner | BDO USA LLPRobert Schachat
- Managing Director | BDO USA, LLPThis panel allows participants an opportunity to ask unanswered
questions that arise during the conference sessions or just to seek
differing points of view from the panel.
Learning Objectives:
- Compare your conference session questions with the experts
- Assess which topics require further clarification from industry experts