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CICPAC Webinars


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  • Thumbnail for Subcontractor Default Insurance (SDI) Program 101
    Date
    June 12, 2024

    During this session, the speaker will discuss the basics of subcontractor default insurance (SDI). The speaker will also explain how SDI works as a Risk Management tool. The speaker will cover what you, as the CPA, need to understand about SDI to be a trusted advisor to your contraction industry clients.

    Learning Objectives:

    • the benefits of SDI compared to alternative methods of counter party credit risk
    • the utility of SDI for general contractors, the individual project at large (as well as owners and lenders)
    • the SDI market place at large

    Speaker

    Speaker Image for Greg West
    Sr. VP of Insurance, American Global
  • Thumbnail for Maximizing AI’s Impact in Construction Finance: Strategies for Success
    Date
    March 28, 2024

    Artificial intelligence (AI) is on a remarkable growth trajectory, poised to reach $407 billion by 2027. With an abundance of tools available, finance professionals need to understand how to harness its power for maximum impact. In this session, Claire Wilson and Modupe Akinnawonu will explore current and future AI trends that have the potential to transform the industry. Using real-world examples, they will showcase how AI can optimize project financials, streamline cost management, and drive business growth. Join us to gain valuable insights into the benefits of AI in construction finance and learn practical strategies to leverage AI tools effectively.

    Speakers

    Speaker Image for Claire Wilson
    Head of Construction Solutions, Siteline
    Speaker Image for Modupe Akinnawonu
    Senior Product Manager, Siteline
  • Thumbnail for Key items for consideration during 2024 busy season:  CECL, Related Party Leases, and Going Concern
    Date
    February 6, 2024

    What are the key aspects of the new CECL standard that impact contractors? Is Going Concern an issue for our 2023 financial statements? Any relief regarding ASU842 and related party leases? These are the questions our speakers will address during this webinar.

    Objectives:

    • Learn about lessons learned regarding ASU 842 and related party leases
    • Understand what is in scope of the CECL standard, including contract assets and contract receivables
    • Identify how the speaker’s firms are implementing CECL on their contractor engagements
    • Learn about things you need to consider regarding going concern, your contractors, and the 2024 economic environment

    Speakers

    Speaker Image for Carl Oliveri
    Carl Oliveri, CPA, CCIFP, CFE
    Partner, Construction Practice Leader, Grassi & Co.
    Speaker Image for Priya Singleton
    Director, Blue & Co, LLC
  • Thumbnail for Fundamentals of Construction Taxation
    Date
    December 13, 2023

    Gain an understanding of the fundamentals of construction taxation

    Learning Objectives:

    • Understanding contractor tax accounting methods
    • Understanding the new Section 199A deduction
    • Learn about the Alternative Minimum Tax
    • Learn about the look-back interest calculation
    • Review changes in tax accounting methods.
    • Learn some tax planning strategies for contractors

    Speaker

    Speaker Image for Warren Hennagin
    Warren Hennagin, CPA, MS-Tax, CCIFP, CGMA
    Partner, CBIZ
  • Thumbnail for How to Implement the IRA Incentives
    Date
    September 27, 2023

    This webinar focuses on Section 179D and the Investment Tax Credit, two energy efficient tax incentives that were included in the Inflation Reduction Act. Participants will gain insights into both incentives including the history, value, eligibility, and requirements to apply for these incentives.

    Learning Objectives:

    1. Participants will understand eligibility requirements and new rules introduced in the Inflation Reduction Act.
    2. Participants will learn how to identify potential opportunities and value for your clients.
    3. Participants will better understand the required documentation needed to apply for these incentives.

    Speaker

    Speaker Image for Abby Massey
    Abby Massey, PE, PMP
    Tax Director, Calvetti Ferguson
  • Thumbnail for Financial Forecasting for Construction CPAs
    Date
    August 8, 2023

    During this webinar, the presenter will share with you how clients can use technology to protect profits and enhance strategic decision making.

    Learning Objectives:

    • Gain insights into the latest technological advancements and automation tools to streamline the forecasting process and elevate your CPA services
    • How to maximize profitability by utilizing advanced methodologies and tools
    • Gain a deep understanding of cash flow forecasting and its critical role in driving financial success and stability in the construction sector
    • Learn how to leverage historical data, market trends, and project pipelines to develop accurate revenue forecasts.

    Speaker

    Speaker Image for Bruce Orr
    CEO/Chief Data Scientist, Pronovos
  • Thumbnail for Construction Industry Outsourced Accounting and Advisory Services
    Date
    June 7, 2023

    During the webinar, two CICPAC member firms will share some of the advisory services their firms provide for construction clients.

    Learning Objectives:

    • Learn about the difference between a CPA firm vs a professional services firm mindset
    • Learn how one member firm is assisting clients with succession planning documents
    • Learn how a member firm is focusing on outsourced accounting and advisory services for contactors and how CICPAC member firms can work together to increase revenue and realization for both firms.
    • Learn how member firms are helping contractors with people solutions, recruiting, leadership development, and executive coaching.

    Speakers

    Speaker Image for Wes Winbore
    Managing Partner - Construction Group, HORNE
    Speaker Image for Carlin Culbertson
    Officer, Meaden & Moore
    Speaker Image for Tara Chrisco
    Director, HORNE
    Speaker Image for Bruce Walt
    Partner, HORNE
  • Thumbnail for Prevailing Wage Basics and the Skinny on Davis-Bacon
    Date
    April 26, 2023

    Publicly funded Prevailing Wage and Davis-Bacon contracts are on the rise, and so is the competition for your clients to win these potentially lucrative jobs! Join CICPAC and Beneco for a one-hour webinar to learn how your clients can grow their business with prevailing wage work, including upcoming infrastructure projects. We will review various tax-saving strategies and compliance concerns that we have been helping our clients with for over 35 years.

    Learning Objectives:

    • Learn about reducing labor costs of prevailing wage projects
    • Learn about reducing the cost of employee benefits with fringe dollars
    • Learn about the new Secure 2.0 Act Tax Credits for contractors
    • Learn about fringe dollars & profit sharing: Reducing taxes & rewarding business owners

    Speaker

    Speaker Image for Christopher Walton
    West Coast Sales Consultant, Beneco
  • Thumbnail for Accounting Marketing Trends & Resources for Member Firms
    Date
    March 23, 2023

    With accounting marketing comes daily challenges that drive us to learn better ways to grow our firms. This will only get more intense in the future as technology changes. Some areas that are driving this include:

    • Artificial Intelligence - Voice activation, automating functions, in the marketing and lead generation processes, and digital search optimization.
    • Relevant Content - Interactivity and personalization of communications.
    • Social Media - Engagement building and interactivity, live streaming, and social influencers.

    We will discuss each of these topics and the activities to guide discussion on ways CICPAC member firm marketers can stay up-to-date.

    Learning Objectives:

    • Understand the trends that may change the accounting marketing landscape.
    • Identify ways your firm can tackle these items.
    • Discuss the resources CICPAC has that your firm can utilize.

    Speaker

    Speaker Image for Michelle Class
    Marketing with Class
  • Thumbnail for Potential Contingent Liabilities and ASC 842 Implementation Challenges for Contractors
    Date
    February 23, 2023

    During this session, the presenters will cover potential contingent liabilities for contractors related to ERC, PPP loans, and other transactions. This session will also include a discussion related to ASC 842 implementation challenges for contractors.

    Learning Objectives:

    • Learn about potential contingent liabilities for contractors related to ERC and PPP loans
    • Learn about disclosures related to potential contingent liabilities that should be included in financial statements
    • Learn about the implementation of ASC 842 challenges for contractors

    Speakers

    Speaker Image for Carl Oliveri
    Carl Oliveri, CPA, CCIFP, CFE
    Partner, Construction Practice Leader, Grassi & Co.
    Speaker Image for Carlin Culbertson
    Officer, Meaden & Moore
  • Thumbnail for How the Inflation Reduction Act Changes 179D, 45L and other Provisions
    Date
    January 24, 2023

    In August of 2022, the Inflation Reduction Act of 2022 became law. This far-reaching law includes new and expanded tax credits for green energy and energy efficiency. Construction companies and their CPAs need to be aware of how some of these changes will affect their companies and their clients. Some of these changes include an overhaul to how 179D and 45L are calculated. Additionally, the bill creates a new prevailing wage requirement that contractors will have to be aware of when tracking costs.

    Learning Objectives:

    • An overview of the changes related to 179D and 45L
    • An update on how prevailing wage affects these credits and deductions
    • An overview of other credits and deductions that will affect the construction industry

    Speaker

    Speaker Image for Dave McGuire
    Shareholder, McGuire Sponsel
  • Thumbnail for Fundamentals of Construction Taxation
    Date
    November 9, 2022

    Gain an understanding of the fundamentals of construction taxation.

    Learning Objectives:

    • Understanding contractor tax accounting methods
    • Understanding the new Section 199A deduction
    • Learn about the Alternative Minimum Tax
    • Learn about the look-back interest calculation
    • Review changes in tax accounting methods.
    • Learn some tax planning strategies for contractors

    Speaker

    Speaker Image for Warren Hennagin
    Warren Hennagin, CPA, MS-Tax, CCIFP, CGMA
    Partner, CBIZ
  • Thumbnail for The Fundamentals of Construction Accounting
    Date
    October 25, 2022

    Gain an understanding of the fundamentals of construction accounting.

    Learning Objectives:

    • Understand how accurate job costing fits into the whole construction process
    • Understand the importance of knowing all your costs
    • Learn what components make up job costs
    • Learn what three major types of expenses make up indirect costs
    • Learn the different methods of allocating indirect costs
    • Understand the percentage of completion revenue recognition
    • Review the quality of financial statements and learn about benchmarking
    • Understand the importance of monitoring job costs

    Speakers

    Speaker Image for Matt Smith
    Matt Smith, CPA, CCIFP
    Principal, Yount, Hyde, Barbour
    Speaker Image for Chris Mast
    Chris Mast, CPA, CCIFP
    Senior Manager, GBQ Partners LLC
  • Thumbnail for Why Contractors Fail
    Date
    August 25, 2022

    Construction company failures do occur, that is a reality. The session will revolve around a discussion about the red flags, financial and non-financial, you need to be aware of to identify a construction company on the brink of failure and how to navigate those murky waters.

    Learning Objectives:

    • Identify common red flags that a construction company in trouble would typically exhibit
    • Develop a corrective action plan to limit the impact
    • Understand the ramifications of a contractor failure

    Speakers

    Speaker Image for Carl Oliveri
    Carl Oliveri, CPA, CCIFP, CFE
    Partner, Construction Practice Leader, Grassi & Co.
    Speaker Image for Steve Lemke
    GRASSI
  • Thumbnail for Introduction to ESOPs:  Why ESOPs are Growing in Popularity in the Construction Industry
    Date
    May 10, 2022

    During this webinar, the presenters will briefly explain the basics of an ESOP. The presenter will share the reasons why ESOPS are popular for contractors.

    Learning Objectives:

    • Learn the what an ESOP is
    • Learn about the ESOP structuring issues specific to contractors
    • Learn what makes a construction company a good candidate for an ESOP

    Speaker

    Speaker Image for Matt Drake
    Co-Founder & Partner, BaseRock Partners
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