Lester Cook, Principal of our Fixed Asset service based from Chicago, has been selected as a featured speaker for Lorman Education. He’ll be discussing Fixed Asset Management: Reporting and Compliance on July 24 at 1 pm ET on their platform.

Lester has been a featured speaker and author for agencies such as Accounting Today, Michigan Society of CPAs Conference, ASCSP National Conference, Restaurant Finance & Development Conference and etc. His latest article, published in Accounting Today, “Tax Court Rejects Taxpayer’s Land vs. Building Allocation”, provides a breakdown and highlights the importance of substantiating the values used for tax depreciation purposes when land and building is purchased for one price.

Throughout his career, Lester has completed cost segregation analyses on thousands of properties ranging from office space leasehold improvements to multi-billion dollar industrial complexes and hotel/resort projects. He has worked with many Fortune 500 companies successfully representing his claims to both IRS and Financial Auditors.

He is also a regular instructor for our KBKG webinars discussing topics on Cost Segregation Studies, Bonus Depreciation, and Tangible Property Repair Regulations. Our complimentary webinars are hosted to thousands of CPAs nationwide and we also provide CPE credit for CPAs. View our course catalog here: » KBKG webinars.

For his speaking session with Lorman Education, he will explain the how to take full advantage of these new regulations and avoid missing tax incentive opportunities. This material covers compliance requirements as well as tax planning strategies on both a retroactive and prospective basis. You will learn how to identify these tax saving opportunities, understand the impact of the TCJA and Disposition Regulations, and understand how to be in compliance with new regulations.

Learning Objectives

  • You will be able to describe common changes in accounting methods and option elections.
  • You will be able to discuss ways to reduce the administrative burden related to accounting of de minimis assets and routine maintenance spends.
  • You will be able to identify property that meets bonus depreciation criteria.
  • You will be able to define Unit of Property, Betterments, Restorations, and Adaptations for tax purposes.

Interested in booking Lester as a speaker for your firm? Please direct your inquiry here: » www.kbkg.com/speaker-inquiry.