Facility Construction Management & Maximizing Related Tax Opportunities- Columbus Automotive Dealership Event

Where: The Boathouse at Confluence Park, 679 W. Spring Street, Columbus, OH 43215 (Important Note: You will have to turn onto Souder from Spring, then turn immediately left onto Rickenbacker,which will take you to the entrance of the facility)

Timing: Registration begins at 1:00pm, Program from 1:30 – 4:30pm, Networking Reception with cocktails and appetizers immediately following.

Credits: 3 CPE Available

We are proud to bring you two well-received sessions from the recent AICPA National Auto Dealer Conference. In these sessions, Bill Heifner of Renier Construction will help you navigate through the complexities of the construction management process and Bruce Johnson of Capstan will show you how to maximize your tax opportunities once construction is complete.
This seminar is designed for those in dealership accounting, finance and leadership positions.
Construction Management 101
Construction processes and transactions are more complicated than ever, and, as a result, it is important to understand your construction choices.
With more than 35 years of experience in the construction industry, Bill Heifner, Founder and President, Renier Construction, will provide a unique view of the construction process and update you about manufacturer upgrades, consolidations, renovations or new builds. This session is focused on:
  • Getting the best value for your investment, reducing risk and establishing accurate preliminary budgets
  • Eliminating project-cost escalation during design and avoiding cost overruns
  • Identifying and negotiating with a reputable contractor, as well as determining acceptable fees for construction services
  • Understanding the difference between types of construction contracts; and understanding the difference between price and value

Tax Opportunities Under the New Tangible Property Regulations: Focus on Practical Applications

Construction projects are a significant cost investment for dealers, so maximizing tax opportunities is a must. This program will provide a brief overview of the tax implications of the new tangible property regulations and will highlight their utility in the auto dealership industry, particularly in light of widespread image program projects.  

Bruce Johnson, Capstan Tax Strategies Partner and Kathy Petrucci, Schneider Downs Tax Shareholder, will discuss several practical applications of this legislation, focusing on the guidelines that govern expense vs. capitalization decisions, as well as the value added by partial asset disposition elections. Attendees will:
  • Gain a clear understanding of the decision-making flow tree for the tangible property regulations and use this knowledge to justify expensing or capitalizing tangible asset expenditures
  • Better understand some lessons learned and next steps on the accounting side, going from initial compliance to long-term implementation (focus will be on practical case studies)
  • Learn about the applicability of partial asset disposition elections in the context of the industry-wide trend toward refreshes and renovations

To register, please fill out the form below:

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