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House Passes The Infrastructure: What’s Next?
On Friday, November 5th, the House passed (228-206) the Infrastructure Investment and Jobs Act (the Infrastructure Bill, the Bill). The Bill passed in the Senate

The Maine Jobs & Recovery Plan Is Now In Effect
As of October 18th, Governor Mills’ plan to support Maine’s small businesses and workers, the Maine Jobs & Recovery Plan (the Plan), is in effect.

Power Up Your Profits: Investing in Solar Panels
A recent presentation sponsored by the AutoCPA group has my mind on harnessing the sun’s power. Specifically, how auto dealerships can benefit greatly from investment

Have You Considered the ESOP Route for Your Succession Plan?
After you’ve worked hard to build a successful business, planning initiatives that look beyond what happens to your business under your watch should become part

Job Costing: The Key to Success for Craft Breweries
Running a profitable craft brewery involves more than just knowing how to make good beer. True, you need to skillfully combine ingredients in a creative

Policy Alert: Employee Retention Credit for 2020 & 2021
It’s not too late to take advantage of the employee retention credit (ERC) for either 2020 or 2021. The ERC is a tax credit available

Three Key Nonprofit Tax Compliance Challenges to Avoid
Tax compliance is a prerequisite for a nonprofit’s future success. Running afoul of the IRS can cause a nonprofit organization to lose its tax-exempt status,

Headlights: NADA Show
Download the PDF Refresher on Fixed Operations Success Over the last couple of years, dealerships have generally experienced record sales and volume growth. Today, there

Headlights: Winter 2023
Download the PDF Dealership Real Estate and “Blue Sky” We are routinely asked to assist clients evaluating potential dealership transactions. Among the first two questions

Headlights: Spring/Summer 2023
Download the PDF Parts Inventory Management Best Practices The parts department affects every other department in the dealership. By adhering to industry “best practices” regarding

Tax Impact on Businesses Investing in R&D May Force Change to Section 174
The tax code has long recognized that incentivizing research and development is a critical component of a strong and competitive economy. For nearly 70 years,