Last In First Out (LIFO): Accounting for Dealership Inventory
“A vast majority of our dealership clients use LIFO because they are matching inventory costs to revenue. Newer vehicles often carry a higher price tag than older models. So dealerships use the LIFO method to show a higher cost of goods sold and reduce their taxable income.” The last in first out (LIFO) method of […]
New Leasing Standards: What Business Owners Need to Know
“[] The balance sheet will look a bit different. Other than that, what is the impact to companies? It’s actually pretty huge – not so much from a financial statement perspective, but the actual administrative burden that they have to now take on. There’s a fair amount of accounting involved with figuring out what the value is of those leases.“
Retirement: Strategies Using Both Qualified Plans and IRAs
David Jean and Dan Doiron wrap up their three-part retirement series by examining strategies utilizing both qualified retirement plans and individual retirement accounts.
Retirement: Qualified Retirement Plans
Join host David Jean and ARB Principal Dan Doiron as they discuss the pros and cons of various types of retirement plans in the first episode of a three part retirement series.
Maximizing Use of Form 990
ARB Director Sam Pedersen moderates the conversation between Principal Jason LeBlanc and Director Robin Cyr as they advise on how best to use Form 990 to benefit your non-profit organization.