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Automotive Dealers, Construction Industry & Controllership Conference

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Early Bird Ethics: Michigan Specific Ethics 2019-21 Edition

Changes to CPE, licensure expiration and more. We guide you on a deep dive into Michigan’s accountancy law and administrative rules to help you steer clear of any violations. Explore case studies and ask the experts your questions about licensure and compliance with Michigan’s accountancy act.

Michigan Specific Ethics

 

 

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InPerson

Nite Owl: Buyers, Sellers, Bonuses and Benefits – Compensation Issues in M&A Transactions

Business acquisitions can involve complex tax, transaction structure and risk allocation issues related to compensation and benefit plans. This program explores issues related to retention bonuses, phantom stock plans, 409A issues, golden parachute payments and similar payments in the context of a business acquisition.
school Credits

  • Up to: 2.00 credits - Accounting and Auditing
  • Up to: 8.00 credits - Other

About This Course

Unique sectors are brought together by a single expertise – seeing the big financial picture for Michigan – before following their chosen paths of the day.

For more information, view the conference flyer here.

Objectives

AGENDA

  • 07:00 AM - Early Bird Ethics Registration & Refreshments
  • 07:30 AM - Early Bird Ethics Begins
  • 08:00 AM - Conference Registration & Refreshments
  • 08:30 AM - Conference Begins with Keynote Presentation - Great Lakes, Four Seasons: Michigan's Business Climate
  • 09:30 AM - Breakout Sessions
  • 10:30 AM - Breakout Sessions
  • 11:30 AM - Breakout Sessions
  • 12:20 PM - Group Luncheon
  • 01:10 PM - After-Luncheon Keynote Presentation - The Potential in Fearing Less
  • 02:10 PM - Breakout Sessions
  • 03:10 PM - Breakout Sessions
  • 04:10 PM - Breakout Sessions
  • 05:00 PM - Conference Adjourns & Optional Nite Owl Session Registration
  • 05:10 PM - Nite Owl Session Begins
  • 06:00 PM - Nite Owl Session Adjourns

KEYNOTE PRESENTATIONS

Great Lakes, Four Seasons: Michigan’s Business Climate
From shore to shore Michigan is known for its naturally occurring resources and, though talent and economic activities don’t headline Pure Michigan ads, they are driving the state forward. Find out what elements are contributing to the current climate and what factors, on a state and national level, continue to help Michigan industry thrive.
Michael FournierMayor, City of Royal Oak and Sales Manager, Robert Bosch LLC, Farmington Hills
Chad LivengoodSenior Editor, Crain’s Detroit Business, Detroit

The Potential in Fearing Less
Are there underlying fears preventing you from reaching your greatest potential? The negative effects of fear impact success and act as a barrier to living a purposeful life. Explore the limitless possibilities of success when leading with courage, both personally and professionally! Learn and discover strategies to recognize, overcome and transform fear to fuel personal growth, service, and leadership.
Dichondra R. Johnson, MBA, MPA, CBSPFounder & Executive Consultant, DRJ & Associates, LLC, Livonia

A special thank you to the Automotive Dealers, Business Management & Corporate Leadership, Construction and Manufacturing Task Forces that helped plan this event. For more information on the task forces, or to request to join, please click the appropriate link below:

Additional Information

Overnight Accommodations:
Overnight accommodations are available at the Hyatt Place Livonia, and can be made by calling 734.953.9224. When registering, please identify yourself as a MICPA registrant to receive the special rate. Please make your reservation early. The facility may release the room rate 3-4 weeks before the program. Rates cannot be guaranteed after this time.

Electronic materials are available approximately 48 hours prior to the event, and can be downloaded on the My Registration page.

Program Attire:
For your comfort, casual attire is welcome. We recommend using the “layered method” to give you flexibility to adjust to the room temperature.

100% Satisfaction Guarantee:
MICPA delivers the highest quality educational experience. If you are not satisfied with your course, call us at 1.855.594.4273. We will make it right.

Thank You to our Bronze and Spotlight Sponsor:

Thank You to our Spotlight Sponsor:

Colombo & Colombo

This Course Is Recommended For

Financial managers or CPAs serving clients related to the Automotive, Construction or Controllership fields.

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Sessions

About This Session:

Dealership CFOs and principals map out Michigan’s industry condition during this panel discussion that compares our state to nationwide activities. Receive updates on the latest financial and legal concerns directly from top industry executives. James M. Eagan, Jr., CPA – Assistant CFO, Elder Automotive Group, Troy Ronald G. Haggin, CPA – Director of Operations, Serra Automotive, Fenton Thad Szott – Partner, Szott Automotive Group Moderator: Ronald R. Ver Planck, CPA – CFO, Spartan Auto Group, Lansing

About This Session:

Strap in for a comprehensive update on auto dealership employee practices. Gather best practices for hiring and firing in a dealership while minimizing legal exposure, what a company can and cannot ban, and marijuana issues in the workplace. James E. Baiers, JD – Chief Legal Officer, Trion Solutions, Troy

About This Session:

The 2018 Amendments to the Michigan Motor Vehicle Franchise Act covered a lot of road from new regulations regarding sales performance and succession planning to new methods for requesting increases in parts and labor warranty reimbursement rates. We will focus on the changes to the law and how it impacts day-to-day dealership operations. We will also address the importance of reviewing and updating shareholder and stock sale agreements as part of the succession/planning process. Eric R. Bowden, JD – Partner, Colombo & Colombo, PC, Bloomfield Hills Alycia P. Wesley, JD – Associate, Colombo & Colombo, PC, Bloomfield Hills

About This Session:

Opportunity Zones have been a hot topic since they were conceived in April of 2018, but they may not be what you’re thinking. Get the latest on automotive dealership tax issues such as, Section 179 expense and bonus depreciation, business interest limitations, as well as the cash method of accounting and election out of Section 263A allowed for dealerships. Michelle Dyer, CPA – Tax Manager, UHY LLP, Sterling Heights David M. Malek, CPA – Senior Tax Manager, UHY LLP, Sterling Heights

About This Session:

Employee compensation plans are a critical factor in dealership success and profitability. Through this medium, costs can be controlled, turnover and retention impacted, and productivity increased. Create strategies that unite overall profitability to employee accountability. James M. Eagan Sr., CPA – CFO, Elder Automotive Group/Retired Partner Plante Moran PLLC

About This Session:

Wouldn’t it be nice to know the secret to proven month-end close approaches and best practices that ensure the accuracy of the dealership’s accounting records and provide for the timely preparation of financial statements? Well, we let the secret out, reviewing due diligence and analytical review procedures which will keep a high level of internal control. James M. Eagan Sr., CPA – CFO, Elder Automotive Group/Retired Partner Plante Moran PLLC

About This Session:

The FASB’s five-step model, ASC 606, brings clarity and introduces judgement for construction contractors. It has become effective for 2019 calendar year reporting. Work through the implementation guidance which features identifying the contract and performance obligation, determining and allocating the transaction price, and recognizing the revenue. Christopher M. Sheridan, CPA, CVA – Manager, Yeo & Yeo, Saginaw

About This Session:

The opportunity to assess powerful insights on your company’s performance in comparison to other industry organizations shouldn’t take a back seat to the daily grind. Prioritize it. Sift through your understanding of construction contractor’s financial statements and cement your ability to identify any issues through analytical review procedures. James W. Miller – Partner, Marcum LLP, Philadelphia, PA

About This Session:

Get up to speed on digital marketing strategies and trends like micro-storytelling, influencer marketing and chat bots. Create a framework for digital strategy that includes the evaluation of current initiatives, understanding what Google wants, and essential tools for management of digital initiatives. Michelle Class – Marketing with Class, OH

About This Session:

Infrastructure makes up 35.5 percent of drone usage, the largest portion by industry, according to Geospatial World. Discover how this “disruptive technology” is directly impacting the construction industry by surveying land, improving infrastructure, providing points of connectivity and workflow management, improving security, enhancing surveillance and transportation.

About This Session:

Whether it’s time to expand your physical workspace, renovate or start over from scratch, finding the funds to finance such an operation is no small feat. Learn the secrets of commercial lending for construction projects including how the structure of commercial construction loans differs from other loans and the range of interest rates, fees and down payments that borrowers should expect to see. Rinaldo A. Maffezzoli – Senior Vice President & Commercial Lending Group Manager, Flagstar Bank, Troy

About This Session:

The domestic production activities or pass-through income deductions and the completed contract or cash methods of accounting are a few specific construction accounting areas that shifted as a result of tax reform. Take a look at year two with the latest legislative updates, how revenue recognition changes factor in and more. Mark R. Kruczek, CPA, MST – Shareholder, Doeren Mayhew, Troy

About This Session:

Servant leadership is a leadership philosophy that enriches the lives of individuals, builds better organizations and ultimately creates a more just and caring world. Discover the organizational benefits of adopting a servant leadership philosophy. This interactive 50-minute session offers insights and explores key attributes of impactful servant leaders. Dichondra R. Johnson, MBA, MPA, CBSP – Founder & Executive Consultant, DRJ & Associates, LLC, Livonia

About This Session:

Risks loom large on the outcomes of business succession. That risk can greatly impact the effectiveness and cash flow related to a transition. A robust planning process designed identify and mitigate risk is a must to smooth the bumpy path of transition as well as significantly increase the operational effectiveness and value of a business if a business sale planned. Dennis D. Theis, CPA, CVGA – Principal, Maner Costerisan, P.C., Lansing Douglas A. Wilterdink – Managing Partner, DWH, Grand Rapids

About This Session:

Traditional business ledgers can be inefficient, costly, and subject to misuse and tampering; however, blockchain can be intimidating to first-time users. Understand how the layers of consensus, cryptographic hashes and digital signatures come together to create the digital ledger to propel your firm, or a client’s business, forward with a competitive edge. Myles Stern, PhD, CMA – Associate Professor of Accounting, Wayne State University, Detroit

About This Session:

Venture capital firms invested $3.1 billion in nearly 300 cybersecurity start-ups in 2016 according to CNBC. With a report by Morgan Stanley Wealth Management showing the average cybersecurity company has grown sales by 15 percent over the past three years, now is the time to get into the game. Gain clarity on the industry and create your successful investing strategy. Dan Izydorek – President, PC Mircales, Pontiac

About This Session:

Non-public companies are set to implement the new revenue recognition standards for reporting periods beginning after Dec. 15, 2019. Easily prepare with a set of ‘how-tos’ from the controller’s standpoint. We cover how firms are handling it, saving your company money, what to present if you get reviewed along with so much more. Michael Whiting, CPA – Director, BDO, Troy

About This Session:

Does 10 years of continuous economic expansion have you nervous that a recession is looming? Good times can cause short memories. Do your current operating, strategic and financial plans incorporate adequate steps to not only mitigate the impacts of a recession but allow you to accelerate out of one? Discuss and learn multiple factors that can put you, your company and your people at risk and devise plans to defend against a downturn. Dennis D. Theis, CPA, CVGA – Principal, Maner Costerisan, P.C., Lansing