Dealership Insight Series - New Tax Rules: New Opportunities

This webinar is part of our Dealership Insights Series with the North Dakota Implement Dealers Association, North Dakota Automobile Dealers Association and the Northland Independent Automobile Dealers Association.

Course Description:
The Bipartisan Budget Act of 2018 contained much awaited extender legislation. There are a variety of credits and deductions available to dealerships, including cost segregation, research and development tax credits, and the energy efficiency deductions, 179D and 45L. In addition to discussing available credits and deductions, this webinar will briefly cover the Revenue Recognition Rules and how to prepare for their implementation.

Learning Objectives:

  • Discuss the benefits of a Cost Segregation study
  • Outline how to qualify for and benefit from R&D tax credits
  • Define and discuss the 179D and 45L energy efficiency deductions
  • Outline the new Revenue Recognition Rules and their implications

Jim Donovan, CPA, Partner Jim has more than 15 years of tax consulting experience, including R&D tax incentives. He works with a variety of industries, including chemical, food, plastics, medical device and equipment manufacturing, technology, software, engineering, and life sciences. He helps clients benefit from R&D tax incentives, including federal and state credits, and provides assistance with IRS and state taxing authorities to support R&D tax incentives claims.

Andrea Mouw, JD, Principal
Andrea has more than 11 years of tax experience including federal, state, and international tax issues. She provides technical analysis and assists clients in resolving accounting method issues related to income and expense recognition, capitalization, cost recovery and inventories, including identifying and adopting appropriate accounting methods and filing accounting method change requests (Form 3115). Andrea also provides guidance regarding the Section 199 domestic manufacturing deduction and is familiar with the rules regarding the taxation of financial products and alternative investments.

Travis Mlodzik, CCSP, Senior Manager
Travis has more than 11 years of cost segregation experience, and more than 10 years of construction experience, including residential framing, plumbing and heating project management and custom home estimating. He serves on the Education Committee of the American Society of Cost Segregation Professionals (ASCSP), and holds the certified Cost Segregation Professional (CCSP) designation.

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