|
The Construction Financial Management Association (CFMA) has selected Accruit, LLC, as its
Affinity Partner for 1031 Like-Kind Exchange (LKE) services for its 7,000 members. Accruit's
LKE services allow equipment-owning businesses of all sizes to dramatically improve their cash
flow by deferring income taxes on sales of business-use assets.
"At CFMA, we have very high standards for selection of our Affinity Partners,"
said Susan Dunham, Director, Member Services for CFMA. "Our members demand only the
best-in-class services and only companies that meet our rigorous standards are selected for this
program. We selected Accruit as our Affinity Partner for Like-Kind Exchange services because we
believe LKEs provide our membership with a tremendous competitive edge and Accruit is the top
provider in the industry. Accruit's comprehensive Like-Kind Exchange services meet the needs and
demands of our members"
As part of the Affinity Partnership agreement, Accruit provides CFMA members with a suite of services
at exclusive pricing. Hundreds of construction companies employ Accruit�s Like-Kind Exchange services
to defer income tax on the sale of their equipment assets, including many active CFMA members.
"The best part of working with Accruit's Like-Kind Exchange program is the support and
guidance from their customer service representatives. They make a complex issue seem so EASY!!
It was a pleasure working with Accruit and we will utilize their services again in the
future," said Barbara Angell, Controller for Sanford Contractors, Inc. and CFMA member.
From the smallest independent contractor selling a few assets each year to the largest construction
company with a fleet of thousands, Accruit manages the entire 1031 Like-Kind Exchange process and
works with their clients to maximize the tax deferral. Accruit conducts over 125,000 exchanges
each year, representing $6 billion in LKE transactions.
"Accruit is honored to become only the second active CFMA Affinity Partner," said Brent Abrahm,
Accruit's President and CEO. "This important relationship is right in line with CFMA's
goal of providing solutions to meet construction financial professional needs. In today's
environment, LKEs are even more important to keep the extra cash to grow operation and remain
competitive."
To learn more about the CFMA-Accruit partnership, stop by Accruit's booth in the Green Pavilion,
Booth No. GP-50143, during show hours March 11 - 15, 2008, at CONEXPO/CONAGG 2008 in Las Vegas.
The Construction Financial Management Association (CFMA) is "The Source and Resource for Construction
Financial Professionals" and the only non-profit organization dedicated to serving the
construction financial professional. Established in 1981, CFMA's General Members represent all
types of contractors - including general and subcontractors - as well as developers, construction
managers, architects, engineers, principals, and material and equipment suppliers. CFMA currently
has more than 7,000 members and 89 chapters throughout the U.S.
For more information about membership and CFMA�s extensive education programs, call CFMA at 609-452-8000 or visit www.cfma.org.
Accruit's services include single exchanges, reverse exchanges and repetitive exchange
programs. Accruit is the exclusive provider of 1031 Like-Kind Exchanges for Ritchie Bros.
Auctioneers (NYSE: RBA), and the preferred provider of
1031 Like-Kind Exchanges for Associated Equipment Distributors
(AED) and Idealease, with additional endorsements
from CFMA, the RSM McGladrey Network, NationaLease,
Manitowoc Crane Group, and Mitsubishi Caterpillar Forklift America. Accruit is a member of
numerous associations including Construction Financial Management Association (CFMA),
Associated General Contractors (AGC), and Equipment
Leasing & Finance Association (ELFA). Accruit is
also a member of the Federation of Exchange Accommodators (FEA), the country's only association
for Qualified Intermediaries and the LKE industry (www.1031.org).
For more information on Accruit, fill out our contact
us form or call 877-793-9215.
|
