Speakers and presentations

Monday, September 30th

Opening Remarks by CFMA National

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ANALYZING your wip report and other benchmarking

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Randy Watkins - ACM, LLP


Walk through a number of different ways to analyze your WIP schedule for potential risks, to improve profitability,  and to better understand where your Company is most successful.  Also, benchmarking and trend analysis over key performance indicators that are typically of interest to sureties and banks.  


About the speaker: Randy takes a special interest in getting to know each client and their desired outcomes, as this allows him to deliver the services that helps them accomplish their goals. With nearly 20 years of experience working at ACM and BDO, he is able to identify opportunities to make practical improvements in operational efficiencies and internal controls over financial reporting and accounting.

He specializes in auditing and advising governmental and nonprofit organizations, as well as privately held and publicly traded companies in various industries including construction and technology. The intimate knowledge he gains from these audits, coupled with his analytical skills, enables him to help his clients look beyond the numbers to the story their financial statements tell.

Not only is Randy a trusted advisor to his clients; he’s also a valuable contributor to the accounting industry. He is a former member of both the Executive Committee of the American Institute of Certified Public Accountants (AICPA) Government Audit Quality Center and the planning committee for the AICPA’s annual Government Accounting and Auditing Conference (GAAC). He regularly presents on technical topics at AICPA’s Government and Construction conferences.

A firm believer in giving back to his community, Randy is heavily involved in charitable organizations throughout northern Colorado.

Randy and his wife Nicole have two daughters. A native Coloradan, he enjoys being outside with his family all year round – golfing, camping, snowboarding, and water skiing.

Intriguing employe benefits strategies for cost containment

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Nataliya Boychenko - Holmes Murphy


During the session, we will review trends in employee benefits including increasing medical trends, new specialty medications, etc.  We will look at the strategies employers are taking to address the increasing cost and the development of the disease within their population.  We will discuss various upcoming funding trends as a way to control cost such as Association Health Plans, Employee Benefit Captives, minimum funding and the differences between self-funding strategies.  We will also look at unique third party additional services that could help with the cost containment. 



Tax credits & Incentives for the CONSTRUCTION industry

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Kevin Sullivan - Brayn Consulting


This session will focus on high-value Specialty Tax Incentives for the Construction Industry, how they have changed in 2019 and what is needed to maximize the incentives. The session will be given by BRAYN and a construction executive (or CPA firm partner) and highlight the significance of the Research & Development (R&D) tax credit, illustrate how it applies to the construction industry, and give examples of how companies can better position themselves to take advantage of the credit with proper documentation.  Additionally, with the anticipated extension of the 179D Energy Efficient Commercial Building Deduction, the session will describe how contractors can potentially receive allocated deductions for certain government projects.


 Kevin is a rare combination of engineer and tax consultant. He works with businesses and their CPAs to identify lucrativefederal and state tax incentives. Kevin has helped companies save over $100,000,000 through R&D Tax Credits, 179DEnergy Efficient Deductions, Cost Segregation, & other specialty incentives.  



Today's construction M&a MArket

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Ryan Foley - FMI Capital Advisers


 This presentation will explore the 2019 trends in the construction merger and acquisition climate.  It explores the increasing impact of energy efficiency on construction, especially the specialty trades, the emergence of ESOPs as an alternative exit strategy, changes in valuation multiples across the E&C world, and other key developments that can impact stakeholders in construction.


 I am a Managing Director with FMI Capital Advisors. I have almost 20 years of experience in investment banking. During my investment banking career, I have focused almost exclusively on advising middle market companies on M&A transactions, private placements and public equity and debt offerings.


✭ Almost 20 years of experience providing M&A capital raising services to middle market companies in a number of industries including construction, energy, technology, industrials, E&P, oilfield services and business services.


✭ Diverse exposure to sell-side and buy-side M&A assignments, private and public capital raising and other financial advisory services totaling $2.5 billion worth of transactions.


✭ History of executing investment banking transactions and performing private and public company valuations.


I would like to connect with business professionals and executives wanting to grow and strengthen their companies’ successes and bottom-line results with creative strategies & solutions. I will also provide valuable contacts and company/industry insights. I have access to private equity firms and other investment entities seeking to make investments across the industries mentioned above.   

Sales Tax Considerations for contractors in light of wayfair

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Mary Reiser - BKD


The presentation will discuss general changes to sales tax nexus based on the recent Wayfair ruling and how this will affect the construction industry (with a particular focus on CO and surrounding states). The presentation will include real-world examples and practical advice on how to comply with the new changes. 


 

A member of BKD’s State and Local Tax (SALT) Services division, Mary is a CPA with more than 12 years of experience providing tax compliance and consulting services.  She focuses on compliance and consulting for various SALT issues involving multistate entities, including planning, provisions, audit defense, nexus and apportionment analysis and voluntary disclosure.  She performs buy- and sell-side due diligence for state and local tax purposes, identifying opportunities, exposures and taxes that affect the transaction.

She reviews all areas of state and local tax and detects issues that provide negotiation leverage to buyers and sellers.  Mary has experience working with almost every industry on transaction issues, including buyers and sellers of public companies and private equity.  Her primary compliance and consulting experience is in the areas of income and franchise tax and sales and use tax.  

She is a member of the American Institute of CPAs and Nebraska Society of Certified Public Accountants.

Mary is a 2005 graduate of University of Nebraska, Lincoln, with a B.S. degree in accounting with honors and highest distinction and in 2006 received an MPA degree.

BUSINESS INTELLIGENCE/data INTEGRATION

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Bob Tinglestad, Shane Brown, Sean Mcbride - Plante Moran


Construction companies have a reputation for being late adopters of technology.  That said, these companies have a great opportunity to leverage data to begin making more informed decisions.  The purpose of this presentation is to inform financial decision makers of the possibilities of utilizing data more effectively.

Tax reform update/best practices

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Ryan Sanger, Randy Watkins, Mark Lumseden - ACM


A short recap of tax reform and some tips, tricks, and observations that came out of the first tax season under the new regime.


Ryan Sanger, Tax Partner, is a native of Colorado, having grown up on a family

farm in northeastern Colorado. Ryan graduated from Colorado State University in

1999 with a Bachelor of Science degree in Business Administration with an

emphasis in Accounting. Ryan has 17 years experience in public accounting with

extensive experience in all areas of taxation, providing tax advisory and

compliance services to individuals, corporations, and partnerships. His areas of

expertise include serving closely-held and privately-held companies in a variety of

industries, including construction, real estate, manufacturing, beverage (including

craft breweries, distilleries, and wineries), wholesale distribution, professional

service and retail. Ryan has developed a specialization providing state and local tax (SALT)

consulting including nexus issues, multistate corporate income tax and sales and use tax and

currently serves on the BDO Alliance SALT Advisory Committee. He takes a special interest in

utlizing these skills to proactively advise and plan with client and ensure they are as tax efficient as

possible. Ryan has a passion for youth issues and serves on the Junior Achievement Northern

Colorado/Wyoming Executive Advisory Board of Directors as Board Chair and is a member of

Northern Colorado United for Youth and Windsor Optimist Club. When not working, he enjoys

spending time with his wife and two young children.


Randy L. Watkins, Audit Partner, has nearly twenty years of experience,

working at BDO and ACM in Denver and Greeley, Colorado. He specializes in

audits of organizations in the following industries: governmental and nonprofit,

construction, computer software development and technology, and manufacturing

and distribution. Randy takes a special interest in utilizing his deep

understanding of his clients and their industries along with extensive experience

to identify opportunities to make practical improvements in operational

efficiencies and internal controls over financial reporting and accounting. He

enjoys establishing and nurturing long-term relationships with his clients, in order

to fully understand their most important wants and needs. This deep connectivity enables Randy

to quickly identify opportunities before they become issues. He also uses this intimate knowledge

of his client’s finances, and his analytical skills, to help his clients understand the “story” that

financial statements tell, taking his client’s data “Beyond the Numbers.”

Randy believes in active involvement and leadership in his community and organizations that will

shape the future of the accounting profession. As such he is a past member of the Executive

Committee of the AICPA Government Audit Quality Center, member of the CGFOA, member of

CFMA and AGC, and member of the planning committee for the AICPA’s annual Government

Accounting and Auditing Conference (“GAAC”). Randy has also presented technical topics at the

Government and Construction conferences hosted by the AICPA. Randy is also heavily involved in

charitable organizations in his community, serving on the boards of Northern Colorado United for

Youth, Greeley Chamber of Commerce, and United Way of Weld County. Randy also participates

in the Community Council on Education and the advisory council for Partners Mentoring Youth for

Greeley and Weld County.


Mark Lumsden, Tax Partner, joined ACM’s Boulder practice in 2012.  Mark

loves the spirit of the Colorado business community and works with many small,

mid-sized, and startup businesses throughout the Front Range, particularly in the

professional services, technology, and manufacturing arenas.  Having an

extensive background in construction, Mark is also a member of ACM’s real

estate and construction industry niche group.  Whatever the industry, Mark’s

passion is assisting his clients in reaching goals through tax structuring and

consultation.  Mark participates in developing training programs and mentoring

ACM’s staff, and is a member of the Boulder Valley Rotary Club.  Mark has

earned a B.S. in Accounting and a B.A. in Economics from the University of Colorado at Boulder

and holds a Certified Construction Industry Financial Professional (CCIFP) designation.  He and

his wife enjoy spending time with their two young children.

Practical steps to better protect your 401k

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There are many action steps that can be taken to better protect your company and your employees participating in your retirement plans.  This presentation will walk you through the process you can take with the structure of your plan as well as your on-going plan management that are practical and easily implementable.  It will also teach you how to properly document your stewardship as a critical step in evidencing the delivery of the prudent management of your company’s retirement plan.


 

Jason is a CERTIFIED FINANCIAL PLANNER™ practitioner and an Accredited Investment Fiduciary® with over fourteen years of experience as a financial advisor. He has guided numerous individuals, executives and businesses through the complex process of developing and implementing strategic wealth management solutions that encompass the entire spectrum of their financial needs. His areas of expertise include investment analysis and portfolio construction, corporate retirement benefits planning, estate and tax planning, risk management, retirement and education planning, philanthropic planning, multi-generational planning and financial education.

Jason received his B.A. in Business at Western State Colorado University. He earned the designation of CERTIFIED FINANCIAL PLANNER™ practitioner in 2006.

He and his wife Sarah have been together for over 10 years. Together, with their daughter Vivienne, they enjoy being in the outdoors, camping, mountain biking, rafting, skiing and hiking

Leases and what does it mean for contractors

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Chris Daues - Rubin Brown


The presentation will outline the new lease standard and the requirements of implementations. Additional topics will include key changes, impact on financial reporting, and stakeholders of the construction industry. Lastly, we will discuss what to look for in lease agreements to help identify accounting impact.