Construction Industry Conference- Live Stream
Registration is Closed
Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.
Overview:Every year, this event is a highlight for CPAs working with the construction industry. This year promises to be no exception. Join us early for two bonus hours of CPE during our Tax and Audit Boot Camps for a refresher or if you are new to the industry to get you fully prepared for a full day of construction industry updates. We are pleased to have a healthy mix of CPAs from both private and public accounting firms, as well as construction industry leaders, which will give us a diverse perspective on how construction is impacted by changes in accounting regulations. Whether you’re a CPA in public or private practice, a CFO, controller, attorney, contractor or construction industry specialist, this year’s conference will offer instructive information and guidance to help prepare you for new industry developments and upcoming changes in accounting, auditing, taxation, operations and financial management best practices.
CPAs working in the construction industry face a multitude of new and evolving issues. The FICPA is dedicated to providing you with the information and tools you need to succeed! We invite you to roll-up-your-sleeves and prepare for a full day of learning, discussion and engagement in the specialized field of construction accounting.
Friday, October 22, 2021
Opening Remarks & Construction Auditing & Accounting Boot Camp
Time: Friday 7:25am - 8:20am Credits: 1 AA
Robert Nevill, Partner; Berman Hopkins Wright & LaHam
Presentation will focus on the basics of the industry and the unique approach to auditing. Good for your new staff to attend or your old staff to remember.
Contruction Tax Boot Camp
Time: Friday 8:20am - 9:10am Credits: 1 TB
Eric Wallace, CPA
The employment of proper construction tax methods are a basic that is often elusive even for large contractors, while the mastery of best deferral tax accounting methods is often not achieved, or easily forgotten. Contractors are permitted to employ multiple tax accounting methods, at the same, time depending on: (1) the type of contracts, (2) the words within the contract, (3) the state the contract is located, (4) the revenues of the contractor and its aggregated entities, (5) the length of the contract, and (6) the elected or employed basic method and (7) long-term methods of accounting. Additionally, once chosen, a contractor's tax methods may or may not be able to be changed, depending on the IRS perspective, which continues to evolve from year to year. In our brief but fundamentally unpacked time alloted we will review the basics and touch on mastery of tax accounting methods, and their related change in methods, focused on the construction industry.
Opening Remarks & State of the Construction Industry
Time: Friday 9:10am - 10:05am Credits: 1 TB
Mark Wylie, President & CEO, Associated Builders and ContractorsFollowing nearly 9 years of sustained growth, the Central Florida economy was severely challenged in March and April of 2020 with the COVID-19 worldwide pandemic. Major construction owners, like theme parks, hotels and airports saw their business come to a grinding halt.
It is now a year later. Has 2021 returned to "normal" or is construction and development still feeling th results of COVID? This presentation will look at the employment trends, sector health and the opportunities for construction in the past year and trends for the future.
Time: Friday 10:05am - 10:15am
Construction Tax Update
Time: Friday 10:10am - 11:00am Credits: 1 TB
Eric Wallace, CPA
The session is going to cover the latest issues in federal tax for contractors. Issues included are (1) The PPP and contractors loan forgiveness, or else, (2) What the Biden administration wish list on tax changes, (3) What's happening with the state tax $10,000 deduction limitation work around for several states and how partnerships and S corporations must handle to successfully deduct, (4) the TCJA regulations update, (5) the latest on tax method potential changes for contractors (those with less than $26MM AAGR and large contractors over that threshold, and (6) the issue of material inventories and related contractor tax issues.
Time: Friday 11:00am - 11:05am
Technology & Innovation Solutions in a New World
Time: Friday 11:05am - 11:55am Credits: 1 AA
Jim Bourke, CPA, CITP, CFF, CGMA, Managing Director of Advisory Services, WithumSmith+BrownIn this session, Jim Bourke will discuss technology’s role in keeping our profession functional and relevant. The recent pandemic forced change onto our profession and with that change came massive disruption on how we do business and collaborate with our clients.
We will all agree that selecting the “right” technologies was a recent differentiator in an organization’s ability to survive. Some in our profession struggled with client service, some encountered challenges with a remote workforce while others did not miss a beat.
Jim will share his perspective on what he witnessed during this period of change – the good and the bad, and he’ll share some of the best practices for technology in our space around technology and innovative solutions in this new world.
You’ll walk away from this session with a new appreciation and awareness about some of the unique technologies that are ready to take our profession to the next level as well a clear directive to your IT support personnel on the technologies and platforms that should currently be under consideration to allow your practice to function whether your staff are working in the office or working remotely.
Time: Friday 11:55am - 12:45pm
Revenue Recognition- A Refresher with Post Pandemic Reconsiderations
Time: Friday 12:45pm - 1:35pm Credits: 1 AA
Ronald F. Martino, Jr., CPA, CCIFP PRTNER, Withum
The learning objectives of this class would be to reintroduce at a high level the revenue recognition standards as it applies to contractors, address the anticipated pandemic impacts to construction revenue recognition for the upcoming reporting year, including a discussion on consideration of management estimates with respect to things like labor shortages and shutdowns, supply chain disruptions and delays to the construction sites. Lastly, this course will touch upon the importance of maintaining auditor independence as we advise our construction clients on revenue recognition.
Sales Tax in the Construction Industry
Time: Friday 1:40pm - 2:30pm Credits: 1 TB
James Sutton, CPA, Esq. Shareholder, Moffa, Sutton, & Donnini, P.A.
Sales tax and use tax are the two (yes, two) most illusive taxes in the construction industry. Everyone has an opinion about sales tax, but very few really know what they are talking about. Learn from a CPA/Attorney who not only owned two construction companies, but also who now practices almost exclusively in sales and use tax controversy!
Time: Friday 2:30pm - 2:35pm
Accounting and Auditing Update in the Construction Industry
Time: Friday 2:35pm - 3:25pm Credits: 1 AA
Jack A. Callahan, Partner, CohnReznick
Construction Accounting continues to be a specialized service offering.
The industry continues to change and the potential impact on a contractors financial statements bears watching. In this program we will look at the implementation of Rev Rec 606. we will discuss the upcoming Lease accounting. we will look at the auditing challenges faced by the construction CPA.
Time: Friday 3:25pm - 3:35pm
Panel - Best Practices in the Construction Industry
Time: Friday 3:35pm - 5:15pm Credits: 1 AA,1 TB
Robert Nevill, CPA, Partner - Berman Hopkins Wright & LaHam
Dan Levine, CPA, CGC - High Road Construction, Inc.
Margie Morris - Guignard Company
Thomas Wert- Dean Mead
Our panelists will wind up the conference by leading a lively Question & Answer session focused on Best Practices in accounting, auditing and other areas affecting our profession and the Construction Industry. Questions from attendees are encouraged in advance or live.
James Holland Sutton Jr, CPA, Esq., LLM
James concentrates in the area of Florida tax matters, with an almost exclusive focus on Florida Sales and Use Tax. Mr. Sutton has 25+ years of experience working in Federal tax as well as State and Local Tax ("SALT"), including at a "Big 5" CPA firm and a tax consulting firm handling a wide variety of state tax planning and consulting work for Fortune 1,000 companies. Since 2001, Mr. Sutton has...Read more about James Holland Sutton Jr here
Eric P Wallace
Eric’s CPA firm focuses on providing professional CPA services and web-based tools to CPA firms and to construction, real estate, and manufacturing companies. With his extensive expertise in A & A in auditing (12th year as author of CCH’s Engagement construction audit programs) to one of the authors of the AICPA FRF for SMEs framework and in Tax expertise for the tangible property regulations (263...Read more about Eric P Wallace here
Daniel Levine, CPA, CGC
Dan is a Miami-native who began his construction career in 2002 after a successful career in accounting. Dan is a Certified Residential Contractor, a Certified Public Accountant and holds a Bachelor degree in Business Administration and a Master degree in Accounting. Dan oversees all High Road business activities and also manages a few projects each year. Dan is highly analytical, numbers-driven...Read more about Daniel Levine here
Robert Nolan Nevill, CPA,MBA
As an Audit Partner with Berman Hopkins Wright & LaHam, CPAs and Associates, LLP Robert provides assurance services to clients from both the public and private sectors. An accomplished financial business executive, he performs a variety of engagements for nonprofit, government, construction, healthcare and SEC clients. Possessing several years of public accounting experience, Robert has shared...Read more about Robert Nolan Nevill here
Mark Wylie has worked for ABC since 1983, beginning as the member services director for the Metro Washington Chapter of ABC, and beginning in late 1986 as the chief executive officer at Central Florida ABC. A 1972 graduate of the University of Richmond’s School of Business Administration, he is active in community coalitions and has served on the Board of Directors of CareerSource Central Florida...Read more about Mark Wylie here
Ronald F Martino Jr, CPA, CCIFP®
Ron is a partner based in our Red Bank, NJ, office and is a licensed certified public accountant in the state of New Jersey. Ron also holds the CCIFP (certified construction industry financial professional) through the Institute of Certified Construction Industry Financial Professionals. With more than 20 years of professional experience, Ron provides attest, tax and consulting services to...Read more about Ronald F Martino Jr here
James C Bourke, CPA, CITP, CFF, CGMA
Jim is a Partner, Member of the Board of Directors and Management Committee at WithumSmith+Brown, is Director of Firm Technology and Managing Director of Advisory Services. Jim has been a frequent speaker around the globe to many Accounting Societies and International Accounting and Trade Associations, the AICPA, CIMA, State Societies of CPAs, Industry Technology Organizations, Incubators...Read more about James C Bourke here
Jack Anthony Callahan
With more than 35 years of experience, Jack Callahan serves as CohnReznick's Construction Industry Leader overseeing a team of 200 professionals across the United States. He has served as a trusted advisor to contractors throughout their entire lifecycle demonstrating exemplary client satisfaction building a reputation as a results-oriented leader dedicated to driving company growth and...Read more about Jack Anthony Callahan here
Margie L Morris, CCIFP
Margie is a Partner and Vice President of Guignard Company, an Independent Surety Bond only Agency based in Florida. At Guignard, she exclusively writes surety bonds and advises contractors throughout the US and Internationally. Margie grew up in the Surety business where her most notable experiences include managing a branch office for an MGA and landing an underwriting position at a leading...Read more about Margie L Morris here
Mr. Wert is a member of the Litigation Department in the Orlando office. He is Board Certified in Construction Law by The Florida Bar Board of Legal Specialization and has practiced in the area of business litigation, with an emphasis in construction law, commercial litigation, real estate litigation, and creditors’ rights since 1993. He is also a Circuit Civil Court Mediator certified by the...Read more about Thomas Wert here
- State of the Construction Industry
- Construction Tax
- Technology & Innovation Solutions in a New World
- Revenue Recognition
- Sales Tax in the Construction Industry
- Accounting and Auditing Update in the Construction Industry
- Panel - Best Practices in the Construction Industry