Construction Industry Conference – Webcast

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May 21, 2021

Registration: 7:30 AM / Program: 8:00 AM - 4:35 PM Pacific Time

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Learn about the latest challenges and solutions faced by the construction industry and the CPAs who work with them!

Businesses — save when 6+ attendees are registered. Attendees will still stay safe and socially distanced. Read more about group livestreams. 

  1. Email profdev@orcpa.org with names and emails of participants.
  2. OSCPA confirms with each participant.
  3. OSCPA invoices group contact.
  4. You’re done! It’s that simple.

Conference is developed by the OSCPA Construction Industry Project Committee.

Designed For

CPAs, CFOs, controllers, attorneys, surety underwriters and producers, contractors, construction industry suppliers and anyone interested in the financial aspects of the construction industry. This conference is perfect for those of you wishing to update your knowledge and skills.

Objectives

Provide an overview of current issues and developments impacting the private industry arena as well as the construction industry, in general.

Major Subjects

  • Oregon's Economic and Revenue Outlook
    Josh Lehner, Oregon Office of Economic Analysis
    Oregon's economy has experienced whiplash due to the pandemic. As we begin to return to our normal lives, how will the economy respond? Tune in to find out which sectors and regions of the state can expect strong growth in the year ahead.
  • Surety — Seven Things You Didn't Know and How to Help Your Client Improve Surety Credit
    Darrel Lamb, CPCU, AFSB, Old Republic Surety Company
    In this session you can expect a broad overview of the surety industry today and then a deep dive into how the surety underwriter interprets the contractors balance sheet. Understanding how the surety uses the CPA's end product can provide insights on how to improve the contractors surety credit. 
  • Tax Planning for Contractors During Pandemics and Politics
    Jim Lundy, Jr., CPA, Marcum LLP
    This session will discuss income tax updates and strategies important to construction contractors and their advisors. The session will include interactive review of legislative developments and practical applications of opportunities available to the construction industry.
  • Work In Progress – A Deep Dive & Advanced Perspective of the WIP
    Jim Grabski, MBA, Pence Construction
    Understanding how your WIP is more than just a reporting tool. This session will provide a discussion on self-performed work and change orders, as well as the project review process and profit fade.
  • A REAL World Construction Accounting and Auditing Update – The Past, Present and Future
    William (Bill) Holmes, CPA, ABV, CVA, CFE
    This informative session will briefly tie up loose ends related to previously issued Revenue Recognition and Lease Accounting pronouncements; discuss current Paycheck Protection Program (“PPP”) issues such as accounting for PPP loans, PPP loan forgiveness tips that preserve new federal tax credits, and overcoming SBA audit issues; discuss accounting issues that may have future litigation implications; and finally, will highlight certain IRS crack-downs affecting the construction industry that should make accounting professionals cautious during future audits and tax return preparation.
  • State & Local Tax Update: Oregon CAT and New Local Taxes
    Dan Lapour, JD & Colin Quill, JD, LLM (Taxation), Moss Adams LLP
    Participants will be provided an update on Oregon taxes, including the Oregon Corporate Activity Tax (CAT). The session will also cover new Portland-area local taxes, including the Supportive Housing Services Tax and Preschool for All Tax.

If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email profdev@orcpa.org.


Leaders

James Grabski

Jim Grabski, MBA, is the Chief Financial Officer for the Pence Companies, a northwest based general and structural concrete specialty contractor. He has over 24 years of construction industry financial leadership experience. Jim has co-authored courses related to Work In Process for the Construction Financial Management Association, CFMA, and has taught several courses for both its local chapter and national association on this and various construction industry financial related topics. Jim has also presented courses for both the OSCPA and WSCPA.

(4/28/21)

William Holmes

William "Bill" Holmes is a seasoned litigation support professional focused on accounting malpractice, business valuation, fraud, and economic damages matters. He has significant experience managing complex litigation cases, including numerous construction and accounting litigation related matters for both plaintiff and defense counsel.

Mr. Holmes served 5 years on the Oregon Board of Accountancy Complaints Committee (BOACC), authors articles on “standard of care” for accountants, and is an invited speaker at national litigation conferences involving accounting malpractice and damages topics.

Mr. Holmes began his career at Deloitte and is the Managing Shareholder of Holmes & Company, P.C., a full-service Certified Public Accounting and Litigation Consulting firm. He has approximately 30 years of experience in accounting, auditing, financial forensics, damages, business valuation and taxation.

(5/18/21)

Darrel Lamb

Darrel Lamb leads Old Republic Surety's West Region surety operation in all facets of contract surety including business development, underwriting, marketing, agency management, strategic vision, operations, compliance, and employee development. Territory includes Washington, Oregon, Montana, Idaho, Hawaii, Alaska, California, and Utah. Darrel has over 30 years of experience. He started his surety career at Safeco Insurance Company spending 14 years there. He spent 8 years at Zurich Surety and has spent over 9 years at Old Republic Surety. Darrel is a graduate of George Fox University with a Bachelor of Science in business and economics.

(12/15/20)

Daniel Lapour

Daniel Lapour has provided state and local and federal tax services to public and privately held companies since 2005. He focuses his practice on state and local income, franchise, sales/use and gross receipts tax consulting and compliance projects. Dan has assisted clients with large multistate nexus studies, apportionment reviews, voluntary disclosure agreements, and tax planning and structuring. He has also overseen large corporate tax return compliance engagements involving both preparation and detail review.

Prior to joining Moss Adams, Dan was a multistate tax manager in the Portland, Oregon office of a Big Four accounting firm and has also worked as a law clerk and as a business analyst for a large public corporation.

(4/6/21)

Joshua Lehner

Josh Lehner develops the State of Oregon’s quarterly economic forecast, including outlooks for employment, income, and housing. Additionally Josh acts as the state’s de facto vice economist by forecasting revenues for the Oregon Lottery, Oregon Judicial Department, and state marijuana and tobacco taxes. Outside of work, Josh enjoys spending time with his wife and two kids, traveling the state and consuming Oregon’s craft beverages.

(12/8/20)

James Lundy

Jim Lundy Jr., is a partner in the Tax & Business Services division and a member of Marcum’s national Construction Industry Practice group. With more than 30 years of experience in both public and private practice, Mr. Lundy is one of the most respected tax consultants in the construction industry. He works regularly with more than 350 construction entities to provide a wide range of tax services. Services include performing tax physicals to provide a full overview of a construction company’s tax compliance and planning opportunities, establishing continuity and succession plans for contractors, dealing with federal and state authorities regarding tax issues important to contractors and leading in the timely completion of tax reporting required for the construction industry.

Mr. Lundy is an accomplished speaker and the author of many articles published on construction tax-related issues. The Tennessee Society of CPAs has honored him as Speaker of the Year more than 10 times; the Alabama Society of CPAs has presented him with their Thomas A. Ratcliff Outstanding Discussion Leader Award; and he has been the highest-rated speaker at both the American Institute of CPAs’ National Construction Industry Conference and the AICPA National Tax Conference.

He is often sought out to provide in-house training to other CPA firms and organizations interested in obtaining the most up-to-date and practical applications of the tax rules and regulations pertaining to the construction industry. He has also testified before the Tennessee Tax Commission regarding the taxation of multi-state contractors.

Mr. Lundy is a past chair of the TSCPA Construction Committee and is former chairman of the AICPA National Construction Committee. He helped direct the very successful initial statewide construction conference and has been active in other committees, including the Continuing Education Committee, the Accounting Careers Committee, the Tennessee Road Builders Investment Committee and the Board of Directors of the Middle Tennessee Associated Builders and Contractors.

(3/4/21)

Colin Quill

Colin Quill has practiced public accounting since 2013. After graduating from Willamette University College of Law, he earned an LL.M. in Taxation from the University of Washington. Colin has experience in a wide range of state and local issues, including income/franchise taxes, gross receipts taxes, indirect taxes, property tax and unclaimed property. He also regularly consults on federal and state tax incentives across a number of different industries. He assists multistate businesses with nexus and taxability analyses, apportionment reviews, tax planning and structuring, voluntary disclosure agreements, letter rulings, refund claims, and appeals.

(4/28/21)