Opportunity Zone Impact Investing: How OZ Investments Provide More than Just Tax Savings

Opportunity Zone Business Investments Panel

Wednesday, February 5th, 2020

Panel Discussion Recording

Special Message from Congressman Steve Chabot

Request the password to the recording and presentation slides here.

Considering starting a business located in an Opportunity Zone (OZ) that could benefit from capital provided by investors? Are you interested in deferring and eliminating tax on a capital gain  by investing in an Opportunity Zone business? Watch the discussion with OZ business owners and OZ experts on how OZ investing can be beneficial for the entire community.

Featuring a special video message from Congressman Steve Chabot on the benefits and methodology behind Opportunity Zone Investments, Barnes Dennig and Buechner Haffer Meyers & Koenig Co., LPA  (BHMK) hosted a free presentation and expert panel discussion about how OZ investments can do more than just provide tax savings.

Panel Discussion Members:

Brian R. Redden, Attorney at Law, BHMK

Focused primarily on advocating for, protecting, and advising privately owned businesses, Mr. Redden offers comprehensive representation in all aspects of commercial / business law and litigation. He seeks to protect a company’s assets and interests, while at the same time developing strategies to mitigate the risk of legal issues to promote growth. As a shareholder and COO at BHMK, Brian handles civil litigation, employment law, business law, and transactions.

Michael Hiles, Founder/CEO, 10XTS

Michael Hiles is a business executive with multiple startup and early stage company experience. He is a technology solutions architect with marketing, business operations, and financial experience. Michael began developing software on mainframe systems at an early age in the late 1970’s. He has over 40 years of software and data architecture and development experience.

Jennifer A. Wesselman, CPA, Barnes Dennig

Jennifer has over 20 years of comprehensive tax experience with real estate and construction businesses, partnership taxation, and expertise advising clients through the entire process of Opportunity Zone investing and securing tax benefits. Jennifer’s work with Opportunity Zones includes consulting on the setup and compliance for Qualified Opportunity Zone Funds and Qualified Opportunity Zone Businesses. She has been named a Top 25 influencer in the tax specialist category by Opportunity Zone Magazine.

Mick and Jenny Wilz, Co-Owners, Whitewater Publications

Mick and Jenny have recently broken ground on the future Cobblestone Hotel, which is being developed inside of an Opportunity Zone and developed with strategic benefits in mind. Additionally, they also acquired Indiana’s second oldest newspaper in a QOZ. Both projects underline their commitment to using the OZ tax benefits for revitalization and preservation of their hometown. Wilz’s local ties have helped initiate investment in what they hope to make a significant impact on the community moving forward.

Moderator: Cheryl A. Ganim, CPA, Barnes Dennig

Cheryl’s expertise in OZ tax incentives, tax credits and incentives, and federal/state tax advisory are an asset to growth-minded businesses. She has worked in tax compliance and consulting with local and international accounting firms and a regional bank. As the State and Local Tax Practice leader Cheryl helps numerous companies identify and execute state tax planning opportunities, internal best practices, and minimize tax exposure. 

 

This presentation is presented by Barnes Dennig, and Buechner Haffer Meyers & Koenig Co., LPA.