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Bob Bandi

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Bob Bandi | 6.4.2018

CFPB Auto Dealer Regulation Overturned

On May 21, 2018, President Donald Trump signed a resolution of disapproval effectively reining in the ability of the Consumer Finance Protection Bureau
Automobile, Tax
Bob Bandi | 8.3.2016

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

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
Bob Bandi | 1.5.2016

Employment Tax Audits Are Coming

All signs point to increased enforcement of employment tax laws, particularly regarding classification of workers as employees vs. independent contractors.
Bob Bandi | 6.3.2015

The Changing Role of the Car Salesman

The New Car Salesman Selling Strategies - The Customer Service Approach What will the new car salesman of the future look like? Today’s consumers

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Automobile, Tax
Bob Bandi | 5.6.2014

Auto Dealers - One More Reason to Monitor Inventories

Included in a report released by the Treasury Inspector General for Tax Administration, is an interesting fact about IRS audit activities through 2012.
Bob Bandi | 11.7.2013

Prepare for Lenders' Bias Warning Letters

Auto dealers do not fall under the jurisdiction of the Consumer Financial Protection Bureau (CFPB) for a good reason – car loans did not cause the
Bob Bandi | 3.5.2013

Safeguard Your Data - Third Party Access

Auto dealers have historically allowed third party vendors access to their customer data for a variety of reasons. However, the days of giving blanket
Bob Bandi | 10.2.2012

Tax Implications of Courtesy Cars

We have seen auto dealers placing vehicles in service as loaners (or courtesy cars) with more frequency lately. There are several specific tax implications

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Bob Bandi | 5.29.2012

Reward and Retain Key Employees with Incentive Compensation

Schneider Downs has assisted several auto dealers recently with the implementation of incentive compensation plans utilizing deferred compensation arrangements
Bob Bandi | 12.6.2011

Auto Dealers and Facility Upgrades: What is Taxable Income?

Some auto dealers are concerned that the assistance they receive from manufacturers to help with the cost of required facility upgrades must be recognized

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