Tax Reform Update - Best Practices

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Ryan Sanger & Mark Lumsden - 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

 

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.

Mark Lumsden

 

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.

Subcontractors Default Insurance

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Adam Denno - Willis

The Current Environment of the SDI Market


Bringing together data gathered from the SDI market over the last three years, we will explore the trends, traits and rates that are occurring in today’s market.

  • Trends
  • What are the leading cause of default in today’s SDI market space
  • Where do we see this going?
  • Traits
  • What are the primary Root Causes of default in today’s SDI market space
  • Where do we see this going?

Economic update

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Anirban Basu

Beating the INSURANCE Dilemma

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Solutions for the Middle market companies

Trace Stegman - Cottingham & Butler


This presentation will be centered around alternative property/casualty insurance program options available to middle market construction companies.  It will compare and contrast the pros and cons for each.  I will also cover the qualification criteria for these alternative programs and how determine if their company might be a good fit.

Fraud – The Nexus of Insiders, Outsiders, and Cyber

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Rob Rudloff, Beth Womersley - RubinBrown


Fraud is affecting construction companies and owners at an alarming rate.  Cyber threats from outside your walls, employees on the inside and a range of criminals present challenges that require diligence and expertise which are becoming more complex and difficult to manage.  This session will explore threats, trends in fraud activity, and key risk reduction efforts to assist management.  The presenters provide a unique mix of fraud and cyber expertise to provide different perspectives, insight and detailed feedback for attendees.


 Rob leads the Cyber Security Services team for RubinBrown.  He has more than 20 years of information security experience on security reviews, mitigation, strategy and architecture development. He consults with clients on a variety of information security projects ranging from penetration testing to security assessments to implementation of security architectures. His background includes security work for the Air Force, NSA, Pentagon and PwC. Recently serving as a Chief Information Security Officer, Rob brings strategic consulting expertise balanced with a voice of reason.  Rob currently holds the following certifications:  CISSP-ISSMP, CCSP, and PMP. 

Contractor underwriting considerations

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Marc Hendrickson - Sunflower bank


 For over two decades, I have focused on developing and maintaining long-term relationships with my commercial banking clients in a highly collaborative and entrepreneurial manner. I have enjoyed serving many wonderful individuals and their companies over the years, helping them succeed with my consultative and very personal approach. I could not be more enthused about joining Sunflower Bank, a 125+ year old, entrepreneurial community bank.

As a CPA and CCIFP (Certified Construction Industry Financial Professional, I have the ability to engage in meaningful dialogue with my clients about their unique business models, challenges, and opportunities.

I have a broad experience base with many industries and am currently focused in the areas of construction trades, general manufacturing, non-profit, and professional services industries. Remaining engaged in the community has been a hallmark of my career, to include serving as Vice Chair of The Adoption Exchange, board member of the Center for Financial Training, Ambassador of the Metro North Chamber of Commerce, current committee member and former Chair and Board member of the Colorado Society of CPAs, among other organizations I actively support.  

Developing Leaders in Your Organization - Art of Succession

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Shane Brown and John Beeble - Plant Moran


Many owners of construction companies are approaching retirement.  Or, these owners simply want to begin the process of transitioning control of the day-to-day operations to others.  The key to effective succession of leadership and ownership is to develop future leaders early in the process.  



Implementing Revenue Recognition

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Bill Hughes - Hughes & Company

PC - Legal Topic

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Gil Egle - Preeo Silverman Green & Egle

Info to come

Construction Industry key issues panel

Len Koch + 4 persenters

Panel discussion

Moving Your Technology to the Cloud: Plan Now or Pay Later

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Robin Stehle & Sharyn Guhman - Syntropy Partners


Everyone is "moving to the cloud," implementing software solutions virtually rather than on their organization's premises to save money, mitigate risk, and create operational efficiencies.     This is as true in the construction industry as in manufacturing or retail, and the challenges are the same and significant.  Without really investing time and thought up-front to understand and plan for how business processes, employee roles, and technology support will change, organizations are not realizing the anticipated benefits and may even be incurring more cost... and very often cloud implementation providers are not equipped to address these needs.   Through thoughtful, skilled planning with all of the right team members to fully understand the changes to come, organizations ready themselves, ultimately saving what could be hundreds of thousands of dollars while truly transforming their business.

Building an Information Bridge Between Field and Office

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Jeffrey Nesbitt - Clifton Larson Allen

  

Jeffrey Nesbitt is National Director of Firm wide Consulting with CliftonLarsonAllen Construction and Real Estate Group. Jeffrey works from Phoenix as a national resource. He is responsible for working with all CLA offices to deliver construction industry specialized consulting services and projects. 

Jeffrey specializes in operations consulting and implementation of technology to construction companies to help improve inefficiencies and increase margins.