FORT LAUDERDALE, FL (April 2, 2018) – Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and lifecycle cost management announced today its President and Chief Financial Officer, Brian Holland, will lead a panel of experts on an educational webinar hosted by CFO Magazine: “The Lease vs. Buy Decision in 2018 Under the New Tax and Accounting Regulations: What CFOs Need to Know.”
The one-hour webinar is scheduled for 2 p.m. on April 5, 2018, and it is designed for financial professionals who are tasked with asset procurement for their organizations. Holland and Fleet Advantage have taken a leading position in helping finance professionals gain a firm understanding of the implications involved with the decision to purchase or lease equipment. Finance leaders continue to seek guidance in understanding how the Tax Cuts and Jobs Act and new lease accounting standards of the Financial Accounting Standards Board (FASB) affect the lease versus buy decision.
The webinar will help CFOs and finance professionals make better decisions on equipment acquisition that will help realize operating and cash flow savings by understanding the fiscal, tax, and accounting aspects and advantages of equipment leasing under the new rules.
Areas of focus for the webinar include:
- 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.
- Practical applications of new tax and accounting standards.
Holland’s credentials include a CPA, CTP, and CGMA, and has more than 20 years of experience driving revenue, profit, process, and performance improvements in start-up and accelerated-growth environments. At Fleet Advantage, he is responsible for all financial affairs as well as building the infrastructure necessary to support the company's aggressive growth. Holland will be joined on the webinar by Daryl Buck, National Managing Partner, Accounting Advisory Services for Grant Thornton LLP; and Sharon Kay, Partner, Washington National Tax Office for Grant Thornton LLP.
“Data we’ve been compiling within the fleet transportation industry shows a long-term financial gain when companies adopt a shorter asset lifecycle strategy for equipment acquisition based on flexible lease solutions,” said John Flynn, Chief Executive Officer of Fleet Advantage. “The webinar will show how this model is effective with financial gains for equipment acquisition strategies in all markets, and particularly with the recent tax changes and accounting standards, companies will begin to see greater benefits in leasing their equipment.”
For more details on the webinar, any interested attendees can register by clicking here.
About Fleet Advantage
Fleet Advantage serves America’s top truck fleets and guarantees the absolute lowest cost of operation by providing truck leasing and matching proprietary data driven IT processes with fleet analytics using the latest eco-efficient clean diesel technology to achieve optimum vehicle productivity, while reducing operating costs. Fleet Advantage is ranked as one of the fastest-growing privately held companies in the state of Florida and the fastest growing independent truck lessor in the U.S. In 2015 and 2013, Fleet Advantage was also named to Inc. magazines’ 500|5000 list of fastest growing companies in the nation. In 2011, CEO John Flynn received the Ernst & Young Entrepreneur of the Year® 2011 Florida - Emerging Category award.