For finance leaders who are deciding whether to lease or buy equipment, the start of 2018 has introduced the dual challenge of requiring that CFOs understand the current tax treatment of operating leases under the Tax Cuts and Jobs Act, and the future accounting treatment of operating leases when lease accounting standards of the Financial Accounting Standards Board (FASB) go into effect.
Having sufficient knowledge of these subjects presents opportunities for CFOs to capture operating and cash flow savings by understanding the fiscal, tax, and accounting aspects of equipment leasing under the new rules.
During this Webcast, we will discuss:
- The most significant tax implications a finance leader ought to consider when deciding whether a company buys or leases equipment,
- What a CFO should know about recording leases from a lessee’s perspective in light of the latest lease accounting requirements,
- Best practices for structuring lease agreements to achieve greater visibility into and control over cash flow, and
- Practical applications of new tax and accounting standards.
About the Speakers
Brian Holland, CPA, CTP, CGMA, President and Chief Financial Officer, Fleet Advantage
Brian Holland is a market-focused business and financial leader with more than 20 years of experience driving revenue, profit, process, and performance improvements in start-up and accelerated-growth environments. At Fleet Advantage, Brian is responsible for all financial affairs as well as building the infrastructure necessary to support the company's aggressive growth. He has been a catalyst in initiating strategies and executing tactical plans that create new business opportunities and deliver sales growth. He also oversees lease syndications and maintains banking relationships and program funding agreements with many of the top banks in the U.S.
Prior to joining Fleet Advantage, Brian served as Vice President of Operations and Chief Financial Officer for Toshiba Business Solutions Florida/Georgia, where he oversaw the financial, operations, and administrative functions for Toshiba's largest subsidiary and its eight locations in the Southeast U.S. His background also includes roles as CFO, Vice President of Operations, President, and CEO with financial services and technology-based companies, including Hospitality Solutions International and IKON Office Solutions. Brian has specific expertise with high-growth and high-tech firms, as well as extensive experience in equipment leasing.
A CPA and graduate of Georgia Southern University, Brian is also active in the community, volunteering his time and expertise to numerous nonprofit organizations. Brian serves as a Board Member for the Equipment Leasing and Finance Association.
Daryl Buck, National Managing Partner, Accounting Advisory Services, Grant Thornton LLP
Daryl Buck is the National Managing Partner of Accounting Advisory Services for Grant Thornton LLP. In this role, Daryl oversees service offerings that seek to help clients optimize their financial reporting processes and ensure their accounting practices align with business goals and evolving standards. Daryl has more than 30 years of experience in diverse financial and accounting leadership roles. Prior to joining Grant Thornton, Daryl was a member of the Financial Accounting Standards Board (FASB). Daryl has also served as the chief financial officer of a privately-owned retail grocery company and as an audit manager for a large public accounting firm.
Sharon Kay, Partner, Washington National Tax Office, Grant Thornton LLP
Sharon Kay leads the Accounting Methods and Periods group in Grant Thornton LLP's Washington National Tax Office. She has more than 20 years of tax experience and has worked with both public and private clients in a variety of industries. Sharon primarily advises clients on federal income tax issues, such as tangible and intangible asset capitalization and recovery, inventories, and income and expense recognition. Previously, Sharon worked at two of the Big Four professional services firms and the Office of Tax Legislative Counsel in the United States Department of the Treasury in Washington, D.C. At the Department of the Treasury, she was involved in more than 100 published guidance projects working on a wide variety of accounting method and other federal income tax issues.
About the Moderator
Joe Fleischer, Editorial Director, Finance Channel, Argyle Executive Forum
In his role as finance channel editorial director with Argyle Executive Forum, Joe Fleischer focuses on developing virtual events on topics that reflect the primary concerns and priorities of senior finance executives. He is based in New York.