Manufacturing

Conference

Save the Date:
Dec. 15, 2022
Webcast


According to the Pennsylvania Department of Community and Economic Development, manufacturing is a key component of the state's economy. Pennsylvania's manufacturing sector is composed of more than 14,400 establishments and over 564,700 employees.

The PICPA Manufacturing Conference is ideal for CPAs with manufacturing clients and financial professionals working for manufacturers.


Thanks to our 2021 sponsors

epsa USA capstan   Gallagher_Affinity_3D_stacked

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A Look Back at the 2021 Agenda

7:45 a.m.
Greetings from PICPA Leadership

8:00 a.m.

Talent Acquisition and Retention and Labor Issues 2-Other

  • State of the region: Summary of findings from recent Labor Market Supply & Demand Study conducted by Burning Glass for southeastern Pennsylvania
  • Recruitment necessities: Becoming an employer of choice
  • Retention strategies: Being an employer of choice
  • Investing wisely: Knowing your costs and managing your ROI
  • Resources for your clients: What's available and where to go
cpamember

Anthony J. Girifalco 
Executive Vice President
DVIRC


9:40 a.m.
Morning Break

9:55 a.m.

Economic Outlook 1-Other

Outlook for 2022:

  • Will inflation be a problem?
  • Will the supply chain change?
  • Will it get any easier to find employees?
  • What is the probability of a recession in 2022?
Polley, Malcolm (resized)

Malcolm Polley, CFA
President and Chief Investment Officer
Stewart Capital Advisors LLC


10:45 a.m.

Organizational Ethics 1-Ethics

  • Cases of practitioners who succumbed to pressure and lost their livelihoods - from helping clients avoid restating earnings to backdating changes to audit workpapers
  • Pressures that cause CPAs to cross the line and how to make sure you do not succumb
  • The ethical principles CPAs are required to follow
  • Who is responsible for fraud prevention? How can you keep your clients safe?
Allison Henry, CPA, CGMA

Allison Henry, CPA, CGMA
Vice President, Professional and Technical Standards
PICPA


11:35 a.m.
Lunch Break

12:25 p.m.

State of Cybersecurity 2021: Manufacturing Industry Update 1-Other

  • Intro to cybersecurity
  • Statistics and trends
  • Stories from the frontline following a ransomware attack
  • Discuss unique challenges faced by the manufacturing industry
Stephen-Bish

Stephen V. Bish
Lead Cybersecurity Strategist
Schneider Downs


1:15 p.m.

Research and Development Tax Credit: 5 Ways to Optimize It 1-Tax

  • Understanding all relevant buckets of R&D expenditures: wages, supplies, contractor, and cloud expenses
  • Detailing the four-part test for project qualification with examples in specific industries
  • Comparing base methodology: evaluating both the alternative simplified credit and regular credit methodology
  • Using statistical sample procedures to capture all eligible expenses
  • Offsetting payroll and/or income tax
Ashley Headshot
Ashley Chikes
Director of Operations
EPSA US

Rachel Headshot
Rachel Lindblade
Senior R&D Consultant
EPSA US


2:05 p.m.
Afternoon Break

2:20 p.m.

Key A&A Issues Related to the Manufacturing Sector 1-A&A

  • FASB standards and other accounting issues that may impact financial reporting at manufacturers
  • The new auditor reporting model that will affect audits of manufacturers
  • Top implementation challenges related to the new lease accounting standard
robert-durak
Robert Durak, CPA, CGMA
Director, Private Company Financial Reporting and the Center for Plain English Accounting
AICPA

3:10 p.m.

Accelerated Depreciation and Real Estate Tax Update 1-Tax

  • Cost segregation as the vehicle for tax savings on manufacturing facilities
  • Review of qualifying assets unique to manufacturing/industrial projects
  • Brief survey of recent legislation that has enhanced the utility of cost segregation
  • Discussion of strategic employment of multiple tax strategies to maximize savings
  • Assessment of three real-life manufacturing case studies (new construction, addition, renovation)
Johnson-Terri_2021

Terri Johnson
Co-Founder and Managing Partner
Capstan


4:00 p.m.
See You Next Year


Credits

CPE Credits: 1-A&A, 1-Ethics, 2-Tax, 4-Other 

Level: Update
Prerequisites: None

CLE Credits and Fees: This course has been submitted for 6.5 Substantive CLE credits. Attorneys requesting CLE credits must include an additional $50.

Registration

Course No.: 786101

PICPA Member: $345
Nonmember: $445

ClassPass: 8 hours
CLE Credits Fee: $50

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Use your ClassPass, ClassPass Mini, or Flex Account to register. Find more information about PICPA discounts.