Several provisions in the 2017 Tax Cuts and Jobs Act will have significant impact on the real estate industry beginning in 2018, including tax considerations for pass-through entities, bonus depreciation, interest expense limitations, excess business loss limitations and revisions to the like-kind exchange rules.
Join the Maine Real Estate & Development Association (MEREDA) for breakfast on June 21 from 7:30 AM – 9:00 AM at the Holiday Inn By the Bay to learn how real estate businesses are impacted by the new law. Panelists Drew Swenson and Andy Smith will offer insights about how real estate businesses and investors should respond to the new provisions.
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About the Event:
June 21, 2018 – 7:30AMÂ to 9:00AM
Holiday Inn By the Bay
88 Spring Street
Portland, ME
Breakfast: 7:30 AM
Program: 8:00 – 9:00 AM
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About the Panel:
Drew Swenson has developed and financed numerous real estate projects and overseen property asset management and financial advisory services for clients throughout Maine and New England. He has served with distinction as a President and CFO for affordable housing, commercial development and operating companies. In addition, he has been a CPA for 32+ years with KPMG, Berry Dunn and now with FTS US. Inc., a New York City based CPA firm specializing in alternative investments such as real estate, hedge and private equity funds. Drew specializes in strategic and real estate business advisory services, real estate and hotel syndication, development, financing, tax planning, bankruptcy and turnaround consulting.
Drew holds a BA English, Magna Cum Laude and BA Political Science, Magna Cum Laude from the University of Maine. He also holds a JD from the University of Maine School of Law, an MA in Tax Laws, LL.M. Tax, Cum Laude from the Boston University School of Law and a CPA Certification in the State of Maine. Drew is a member of the Maine Society of CPAs and American Institute of CPAs.
Andrew Smith is a principal at Baker Newman Noyes, specializing in assisting his clients with practical advice and creative solutions to their most challenging business issues, including tax efficient structures for business transactions; fixed asset analysis; succession planning; and tax deferral and reduction strategies. He also works with real estate clients of all sizes on cost segregation studies, like-kind exchanges, and historic rehabilitation credits. In addition to serving clients, Andy is also actively involved in the firm’s college recruiting initiatives, having begun his career at the firm in 1997 as an intern and leads the tax department’s Multi-Generational Business group.
He earned a bachelor’s degree in business administration, with concentrations in accounting and finance, from the University of Maine, Orono.
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Registering for this Event:
MEREDA Member: $45 each  | Non – Member: $55 each
Register After June 14, 2018: Member: $55 each  |  Non-Member $65 each
Your RSVP is requested by June 14, 2018. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after June 14, 2018.
This MEREDA Morning Menu Breakfast Event is sponsored by Norway Savings Bank.Â
