OUR THOUGHTS ON:

SORT OPTIONS: Most Recent | Most Viewed

New Lease Standard and Impact on Automobile Dealers

On February 25, 2016, the Financial Accounting Standards Board (FASB) issued its new lease accounting standard, FASB Accounting Standard Update 2016-02 ... read more >

Another Year Past, Another Task...

As the year draws to a close, it is a time to reflect on the past 12 months and to ponder what worked and what didn’t. It is also a time for us accountants ... read more >

Auto Dealers Should Revisit Pay Plans in Light of New Overtime Rule

Automobile|Tax

By Bob Bandi

On May 18, 2016 the Department of Labor issued new overtime rules in which an estimated 4.2 million currently exempt employees will become entitled to ... read more >

Is Your Construction Company Treating Automobile Allowances Correctly?

A recent post on the Construction Financial Management Association (CFMA) website posed the question, “Are car allowances always taxable?” ... read more >

After You Buy a Round, Don't Forget the Receipt: What You Need to Know for Your Meals & Entertainment Expenses

When we are in entertainment mode, we take pride in buying a round of drinks for our friends. However, you should not forget the receipt and remember who ... read more >

Advertising Check - Reaching Millennials

Auto dealerships budget and spend, on average, close to 1% of sales on advertising and other marketing efforts. It may not seem like a large expense, but ... read more >

Interest Rates and the Automotive Industry - Where do we go from here?

When the U.S. economy was engulfed in a recessionary downturn in 2007, the automotive industry reacted in a very positive and consumer-friendly manner... ... read more >

Auto Dealership Transaction Activity Update

Kerrigan Advisors, an auto dealership acquisition advisory firm, reported that total automobile dealership transaction activity increased by a record 17% ... read more >