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Recent Articles
Connelly v. United States: Implications for Business Owners from the Recent SCOTUS Decision
In the recent Supreme Court case Connelly v. United States, the Court delivered a pivotal ruling with significant ramifications for business owners, particularly those holding
Auto Dealer Alert: CDK Cyberattack Update (UPDATED 6/24/24)
UPDATED 6/24/24 The current cyberattack on CDK has thrown the dealership industry into turmoil. According to several of our sources, it looks like it could
Advertising Strategies for Dealerships
Advertising – every business does it, and its usage is paramount for success. But how well do we manage it? Advertising tends to be a
Managing an Effective and Efficient Auto Dealership Parts Department
Auto dealerships are hubs of activity, offering a range of services from vehicle sales and financing to maintenance and repairs. Among these services, managing parts
Maximizing Profitability: A CPA’s Perspective for Auto Dealerships
In the dynamic landscape of the auto dealership industry, staying ahead financially requires a keen understanding of emerging opportunities and potential pitfalls. As Certified Public
Choosing the Right Business Entity: Understanding Tax Implications
Selecting the appropriate business entity structure is arguably the most crucial decision a business owner will make for their venture. Affecting everything from taxation to
Selling an S-Corp to an ESOP Trust: A Path to Employee Ownership
Transitioning the ownership of an S-Corporation (S-Corp) to an Employee Stock Ownership Plan (ESOP) trust offers a strategic opportunity for business owners to transfer ownership
The 2024 Presidential Election and Its Potential Impact on Gift and Estate Taxes
Several key provisions in the Tax Cuts and Jobs Act (TCJA) are set to expire at the end of 2025. This creates a complex landscape
Does Your Child Need to File a Tax Return?
As a parent, determining whether your child needs to file a tax return can be confusing. Even if your child is listed as a dependent
What a Firm Wants: Resume Tips for Aspiring CPAs
Breaking into the accounting industry as a college student or recent graduate can be challenging. Your resume is often the first impression you make on
Fraud in the Parts Department—Is Your Dealership Protected?
Recently, our Auto Dealership Services Team shared an article which centered on a Parts and Service Director charged with defrauding their auto dealership employer. This