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OBBBA Penalty Relief: IRS Notice 2025-62 Provides Transition Year for “No Tax on Tips and Overtime” Reporting
At a Glance IRS Notice 2025-62 provides temporary penalty relief for tax year 2025 under the One Big Beautiful Bill Act (OBBBA). The notice applies
What Does Your Exit Map Look Like?
Most business owners have never exited their businesses before. Just like taking a big trip to a new place requires good planning to truly enjoy
Securing Remote Sales: How Dealerships Can Outsmart Fraud
In recent years, dealerships have embraced phone and online sales to streamline transactions and expand their market—but this convenience has also opened the door to
IRS Notice 2025-57: What Credit Unions Need to Know About the New OBBBA Auto Loan Interest Deduction
At a Glance The IRS has released Notice 2025-57 and Information Release 2025-105, offering transitional guidance for the new auto loan interest deduction created under
One Big Beautiful Bill: Key Tax Changes for Credit Unions
At a Glance The One Big Beautiful Bill Act, signed into law on July 4, 2025, introduces several tax and regulatory changes directly affecting credit
Logic vs. Legacy in Exit Planning
When planning for your eventual business exit, achieving financial security is the most important goal. But what happens when the emotional side of planning an
Driving Dealership Profitability Through Ancillary Business as the Automotive Industry Evolves
Even through a global pandemic and record inflation, automotive profitability soared during 2022 and remains strong for 2023. Despite overall growth across the industry, many
How to Glean Meaningful Manufacturing KPIs from Financial Statements
As a manufacturer, you are most likely already tracking fundamental key performance indicators (KPIs) like sales, expenses, and profits. In addition to these critical metrics,
U.S. Treasury Department Update: EV Tax Credits
Yesterday, members of ARB’s Dealer Services team attended a clean vehicle tax credit briefing hosted by the U.S. Treasury Department to discuss the technical aspects of dealer registration and the EV tax credit portal in preparation of its opening.
New 401(k) Contribution Limits go into Effect for 2023
The steady increase in the cost of living and inflation across the U.S. has impacted virtually every aspect of the economy. Luckily, your 401(k) may
The Most Common IRS Penalties and How to Avoid Them
Businesses spend a vast amount of time and resources planning and designing ways to save on their tax bills. Yet, they often overlook one of