Blog | Albin Randall & Bennett
Recent Articles
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
Albin, Randall & Bennett Welcomes Logan Donahue to the Firm
Albin, Randall & Bennett is pleased to announce that Logan D. Donahue, CPA has joined the firm as Audit Senior Manager. Logan provides professional assurance
Firm to Table: A Tasting Menu of Meals and Entertainment Deductions in 2024
Keeping up with meal and entertainment expense deductions can be confusing. The Tax Cuts and Jobs Act (TCJA) of 2017, enacted in 2018, introduced significant
Change Is Coming for Crypto Reporting: IRS Releases Draft of Form 1099-DA
On April 18, the IRS released a draft version of Form 1099-DA, the form that will be used to report digital asset proceeds from broker
Opportunity Ahead: Auto Dealer Class Action Lawsuit Settlements 2024 – How to File Your Dealership’s Claim
In Brief: Two class action settlements in 2024 present significant opportunities for auto dealerships to recover damages: the CDK/Reynolds and Reynolds antitrust settlement, addressing alleged
Beyond Compliance: Why SOC Reports Matter and What You Should Do with Them
Organizations increasingly rely on third-party service providers for critical operations like data management, payroll, and customer service. While outsourcing provides operational efficiency and cost savings,
Beneficial Ownership Information Reporting: What You Need to Know Before 2025
With the January 1, 2025 deadline for initial Beneficial Ownership Information (BOI) reporting approaching, it is crucial for businesses to begin preparing to meet these
Headlights: Autumn 2024
Download the PDF Protecting the Financial Well-Being of Your Automotive Dealership It’s been several years since dealers have had to actively manage the financial health
Tips and Tricks: Protecting Your Dealership from Halloween Vandalism and Year-Round Risk
Not all Halloween tricks are harmless fun. October often brings a spike in vandalism, especially around Halloween, with pranks and mischief leading to costly damage.