Restricted Cash-Handling Improvements
Helps ensure our clients maintain consistent use of the Safe Harbor guidelines and that all replacement property acquisitions fall within tax code requirements.

EMCC Checks
Provides nightly feedback on any possible data inconsistencies. Lets clients to do “on-the-fly” data reconciliation instead of waiting for the end of the quarter or year.

Client Service Manager (CSM) Dashboard
Lets CSMs view the most important date and financial metrics for their client in a single view. Allows the CSM to more effectively anticipate client concerns for pertinent 1031 timelines.

View Balance on Client Request
Allows the client to see the exact balance available for acquiring replacement property. They will no longer need to manually calculate bank float into their balance amount.

Tax Balancing
Provides instant reconciliation of end-of-year reports to ensure all the tax filing reports balance appropriately.

The result is that Accruit is now able to provide an even more effective, efficient process for our valued program clients. If you have questions, please feel free to contact your CSM or George Shaver, Chief Operations Officer.

-      1031 Exchange Leader Accruit and Business Technology Innovators XAPT Strike Industry-First Exclusive Alliance to Streamline Complex ERP Process

-      Equipment Businesses Encouraged to Visit Booth at AED/CONDEX

(San Antonio, TX) It’s not bad enough that Heavy Equipment dealers have to cope with the worst economic conditions in decades, but all too often their internal systems are riddled with profit-sapping complexity and inefficiency. As a result, it’s always especially good news when the companies serving the industry can find new and better ways of simplifying the business process.

To this end, business technology leader XAPT has forged a first-of-its-kind strategic partnership with Accruit, the nation’s leading provider of 1031 like-kind exchange (LKE) solutions, on a comprehensive integration of the companies’ respective LKE and ERP solutions. Customer benefits will include:

• Streamlined data transfer to Accruit
• Integrated depreciation tracking per asset
• Minimization of LKE program implementation
• Profitability tracking on an asset-by-asset basis

Ian Harrill, Vice President of Sales and Marketing for XAPT, explained that while Accruit and XAPT clients will see many benefits from the partnership, “ultimately this relationship boils down to three things: Simplicity, reduced administrative costs and significantly enhanced data management. Clients will now have a single source of information for asset management, and that will quickly add up to meaningful operational efficiencies.”

Brent Abrahm, Accruit President and CEO, agrees, and explains that while equipment dealers are very savvy when it comes to asset and cash management, that doesn’t mean that the process is as simple as it ought to be. “These people are professionals when it comes to managing business complexities, and I think those currently charged with trying to unify all their company’s data into a single, manageable view will be excited about the implications of what we’re offering here. We’re always looking for ways of helping our clients maximize their gain while minimizing risk and administrative headache, and we’re excited that we can enlist a proven innovator and industry leader like XAPT in our mission.”

XAPT is a Gold Certified Microsoft Partner. Tectura and XAPT work together globally to provide a robust total business management solution which is designed and developed specifically for heavy equipment dealers by XAPT. The partnership delivers proven software, industry expertise and sustainable value through leading consulting and IT implementation services.  Microsoft Gold Certified partners with offices worldwide, the Tectura/XAPT alliance offers the preferred Microsoft solution for Heavy Equipment Dealers.

Powered by Microsoft Dynamics® AX, the solution is a comprehensive dealer business management solution developed to integrate and enhance all facets of dealer operations. It is a cohesive and seamless business suite with capability for general ledger, sales, receivables, parts, service, rental and power systems - providing visibility across the dealership, enhancing customer responsiveness and ultimately, profitability

Businesses interested in learning more are encouraged to contact any of the following:

Accruit

• Dan Belger - 866.397.1031 x107
• Bob Estrada - 866.397.1031 x131
• Brent Abrahm - 866.397.1031 x101

XAPT

• Ian Harrill - 1.866.727.9278 x2402 or 403.966.8392 (M)

Tectura

• John Lundy - 1.734.904.5095 (M)

In addition, representatives from these companies will be attending this week’s AED Summit/CONDEX in San Antonio, and all interested parties are encouraged to stop by XAPT / Tectura booth (#1103) to meet the team and learn more about how the partnership can help equipment dealers operate more efficiently.

About Accruit, LLC
Accruit offers the only comprehensive, fully integrated 1031 like-kind exchange solution in the country and is the only provider with a patented like-kind exchange process and online exchange management system (U.S. Patent No. 7,379,910, and other patents pending). Accruit has served companies in more than 20 industries, helping them to transform billions of dollars in tax liability into working cash flow. For more information on Accruit and 1031 exchanges see the company’s Web site at www.accruit.com or e-mail info@accruit.com.

About XAPT
XAPT Corporation is a Gold certified Microsoft ISV Solutions Partner and developer of the Heavy Equipment Dealer Management Solution for Microsoft Dynamics AX.  XAPT is also a worldwide Microsoft Gold Dynamics Solutions Partner, a Microsoft Inner Circle Partner (2007, 2008), a Microsoft Presidents Club Partner (2007, 2008) and recipient of the Microsoft Dynamics AX Excellence Award (2006, 2008).  XAPT services a number of industries with specialized integrated solutions based on Microsoft Dynamics AX which are designed to streamline operations and optimize profitability.  For more information in U.S. and Canada call toll free 1-866-727-9278.

About Tectura
Tectura is a worldwide provider of business consulting services delivering exceptional service and sustainable value through consulting, software and IT implementation. Our diverse clientele includes mid-sized companies and larger enterprises. With team members in 20+ countries, Tectura applies its industry knowledge and best practices philosophy to provide Microsoft Dynamics^® ERP, CRM and technology solutions throughout the Americas, EMEA, and Asia Pacific. A Microsoft Gold Certified Partner, we maximize our vast technology resources and deep Microsoft expertise to deliver increased efficiency, project acceleration and a competitive edge.

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Practically speaking, you probably aren’t quite there yet, but like many others, you’re close to finalizing your 2010 numbers.  Pondering the broader economy, analyzing the smaller markets and sprinkling in a little under-promising with a dash of over-delivering - we’ve all been through it before. And while many of us don’t especially enjoy the budgeting process, we very much appreciate the value returned when we do it well.

Although the current economic climate has made planning difficult, there’s still opportunity if planners revisit some of the basic rules that brought success in the first place.  One of those rules involves a pragmatic approach to managing cash flow.

• First, determine a group of assets that might be sold over the upcoming 180 day period.
• Second, acquire new assets (like-kind to those to be sold) through the template laid out in Revenue Procedure 2000-37, where the taxpayer and qualified intermediary appoint Exchange Accommodation Titleholders (EATs) to take temporary ownership of the new assets.  It’s important to note that legal title must be placed in the name of each EAT at time of purchase and all funds used to acquire the new assets must be secured by the taxpayer.  Also, be mindful that the 180-day deadlines will be triggered on the purchase dates.
• Third, after placing the assets under EAT ownership the assets are leased to the taxpayer for immediate use.
• Fourth, the eventual sale of the previously designated relinquished properties, followed immediately by the transfer of the new like-kind assets out of the related EATs and into the taxpayer’s legal title.

Steve Chacon is Accruit’s Director of Exchange Operations. He can be reached at stevec@accruit.com or 866.397.1031 x116.

However, the array of important questions doesn’t end there - the 1031 industry can be complex (as is the case with all tax and financial services activities), and as a result we encourage you to dive as deeply into the due diligence process as possible when vetting a potential provider. We obviously think we’re a pretty good answer for most exchange situations, but whether you’re considering Accruit or not, here are some important questions that need detailed answers before you sign up with any QI.

• Is the company a member of the Federation of Exchange Accommodators, the industry’s professional trade organization? The FEA works with its member organizations to develop best practice guidelines and industry ethical codes. If a QI isn’t a member, you should find out why.
• Will your funds be held in dedicated accounts? Under no circumstances should a 1031 exchange provider commingle client funds with their own operating accounts.
• How will your funds be invested? Your money should be held in a highly-rated financial institution with investment procedures designed to assure 100 percent liquidity.
• Is the QI fidelity bonded and errors and omissions insured?
• Is the QI in full compliance with any state laws governing the activities of exchange accommodators? At present 1031 providers are regulated in Colorado, Washington, California, Idaho, Maine, Nevada and Oregon; several other states are currently considering regulation.
• Does the exchange provider secure client information in an audited data center? Rigorous certification processes (such as ISO 9001 or SAS 70) can afford the client the highest level of security available. Security solutions should provide 24/7/365 internet surveillance, secured access monitoring and tracking, encryption and certification, multiple physical layers of security and multiple layers of redundancy.

If you have any further questions, have a look around the Web site - we’ve included a wide range of resources that may answer your questions (including questions you didn’t even know you had), and if you’re still in need of more information e-mail me or give me a call at 303.865.7312. If I don’t know the answer, I can quickly hook you up with someone who does.

First, the Start Us Up USA’s “idle equipment caravan” will be making a stop.

AED and AEM continue to educate lawmakers in Washington, D.C., about the economic crisis facing the equipment industry and urge action on a multi-year highway bill and other initiatives that will spur economic growth and create jobs in our industry. We need to keep the campaign’s momentum going and continue to inform key policymakers that inaction is unacceptable.

Second, Brent Abrahm (Accruit’s president and CEO) will be leading a like-kind exchange workshop. This event is set for Friday the 22nd at 12:30 pm on the CONDEX exhibit floor. If you have some questions about how 1031 fits into an operational strategy as we emerge from the recession (including the new NOL carryback law, lingering capital availability challenges, etc.) you’re invited to drop by. This session will be informal and driven by audience questions.

Brent will also be appearing at The Hub with Alan Bealieu and Christine Corelli on Thursday at 2:30. You’ll be hard-pressed to find more business wisdom in one spot anywhere, so take advantage of this unique session.

In addition, Dan Belger (VP of Sales) will be attending the conference. Brent and Dan will be happy to meet with you individually to discuss your specific situation.

We hope to see you there. If you have any other questions or would like to schedule a meeting, please contact me at sams@accruit.com or 303.865.7312.

• What are the partnership’s benefits?
• Why Network International?
• How do Network International’s services benefit buyers in the energy industries? Sellers?

For answers to these questions and more, we invite you to visit the new Accruit/Network International partnership page. Drop me a line if you have any further questions about the alliance or how it can drive value for your business.

• Is the company a member of the Federation of Exchange Accommodators, the industry’s professional trade organization?
• Will funds be held in dedicated accounts and not commingled with the provider’s operating accounts?
• Will funds be held in highly-rated financial institutions with investment procedures designed to assure 100 percent liquidity?
• Is a QI fidelity bonded and errors and omissions insured?
• Is client information secured in a data center audited by rigorous certification processes such as ISO 9001 or SAS 70? (Security solutions should provide 24/7/365 internet surveillance, secured access monitoring and tracking, encryption and certification, multiple physical layers of security and multiple layers of redundancy.)

This article represents a solid LKE 101 overview, and is of value even for businesses not in the ag industry. Have a look, and let me know if you have questions.

To support this initiative, Client Service Managers Amber Morlan, CES^®, and Leticia Espinoza have been named Manager of Exchange Operations and Sales Manager/Exchange Operations, respectively. This group will report through the Sales organization and will also work closely with the Client Service group to assure strong service continuity for new and existing clients.

Chacon brings a wealth of §1031 exchange experience to Accruit. For more than 10 years, he earned a reputation for providing skilled, practical guidance as a financial statement auditor, tax accountant, consultant, entrepreneur and recognized authority on complex like-kind exchanges (LKEs).

Before joining Accruit, Chacon served as the CFO for a private water utility project and as an interim Finance Director for iMrkr, a social media startup. While there, he worked closely with the development team in redesigning iMrkr’s technology offering mix and go-to market strategy. Prior to his experience as an entrepreneur, he oversaw a large and complex reverse exchange department with a top tier §1031 exchange provider. Steve’s passion lies in the development/implementation of business strategy and is pleased to be a part of Accruit’s leadership team.

Steve holds a Bachelor of Science degree in Business Administration with an Accounting Emphasis from the University of Colorado.

“The expansion of the NOL carryback period will accelerate a $33 billion refund of previously paid taxes for much of Corporate America in a very short period of time,” says John McMahon, director for business tax services at Ernst & Young. The new carryback provision includes the highest corporate profit years in the nation’s history — those generated in 2005 and 2006 (an aggregate $3.5 trillion before taxes), he says. The $33 billion represents the total NOLs that companies will likely claim under the newest law.

Another article, this from two weeks ago, provides significant detail on the measure and calls it a “tax gift for the holidays.”

Businesses and financial leaders interested in recapturing valuable operating capital are encouraged to give these articles a look. Also, we highly recommend a review of Joe Lane’s Channel 1031 interview, which provides detailed counsel on what this new legislation means for your company.

Here are a few of the highlights of the interview:

• Detailed overview of what exactly the law does
• Impact:
  • $33.2B in immediate tax relief
  • NOL relief = 53K+ jobs in construction
  • May prevent 7,900+ business failures
  • Create 230,000 jobs outside Construction sectors
• Cost/benefit analysis vs. 20-year horizon
• Industries and types of business that will benefit most significantly
• Carry-forward implications
• Like-Kind Exchanges: double-barreled benefit
• Advice for leasing enterprises

Joe’s career has been a lengthy, unbroken track record of success, and his comments here represent invaluable guidance for businesses looking to dig out from a long economic winter. If you have any comments or questions you’d like us to pass along to Joe, either use the comment box below or drop me a line at sams@accruit.com.

The total running time is around 20 minutes, and we’ve broken it up into three sections.

Note: If you don’t see the embedded videos above, click the links below:

• Part 1
• Part 2
• Part 3