Dealership News

2019 Year-End Planning

Annual Year-End Planning for 2019 By: Thomas G. Wolf, Dealership Consultant The end of 2019 is right around the corner. You’ve been on top of your financials all year long. However, it’s important to take one last look at a few things before you officially close out the year. It’s time to double-check some items…

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Best Practices for Conducting a Compliance Deal Audit

Inspect What You Expect By: Terry Schwer,  Brady Ware Dealership Consultant Do you have a hall monitor? Someone who is closely working with the sales and Finance & Insurance departments within your dealership to make sure everything is being handled correctly? You may not have liked the hall monitor when you were a kid- but…

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IRS Issues New Regulations on Bonus Depreciation

Access to Bonus Depreciation for More Dealerships By: Brian Denlinger, CPA Over the last year auto dealerships have struggled with one aspect of the Tax Cuts and Jobs Act (TCJA). Under the TCJA most businesses were given a huge incentive to increase capital expenditures. This incentive came in the form of 100% bonus depreciation. Bonus…

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Looking for Opportunities to Save Tax Dollars?

State and Local Tax By: Nick Lepley, CPA South Dakota v. Wayfair Is your dealership in compliance with state & local tax rules? Better yet, do you have an opportunity to save tax dollars? It’s important that you understand the evolution we’ve recently seen in this area for dealerships. And it all starts with the…

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Reinsurance Options Available to Dealers

Dealership Participation Programs By: Matt Gibson, Protective Asset Protection Warning: You’re about to receive some great advice. This is new information based on the tax law that went into effect in 2017. But before you take it to heart, as a business you need to consult with your tax preparer on the following information. Dealer…

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