Insights
The power of our industry experience is in the perspective we bring to help you leverage your capabilities and resources.
Sales Tax: Common Risks, Overlooked Deductions and Refund Opportunities for Dealerships
March 22, 2023This article summarizes some common risk areas, overlooked deductions, and refund opportunities for dealerships.
An Update on Renewable Energy Tax Credits for Dealerships
March 22, 2023The Inflation Reduction Act has created an opportunity for companies to advance clean energy commitments while lightening tax burdens. Learn what auto dealerships need to know.
Forced Labor and Proving the Negative with U.S. Customs
February 13, 2023The pressure on U.S. companies importing goods from overseas to document that their supply chains are free from forced labor has never been greater or more critical.
Treasury, IRS Release Additional Information on Clean Vehicle Provisions of Inflation Reduction Act
January 25, 2023The U.S. Treasury Department and the IRS on December 29, 2022, released information on the clean vehicle provisions of the Inflation Reduction Act. The new guidance provides greater clarity to consumers and businesses that, beginning January 1, 2023, are able to access tax benefits from the law’s clean vehicle provisions.
Newly Updated FTC Safeguard Rules & The Impact To Dealerships
November 14, 2022Auto dealerships have plethora of business-related items to deal with on a dayto-day basis.
States’ PTE Tax Elections: Status and Issues to Consider for Dealerships
November 14, 2022Nearly 30 states now allow pass-through entities to elect to be taxed at the entity level as a workaround to the $10,000 federal state and local tax deduction limitation known as the “SALT cap.”
Dealerships and Unclaimed Property – What You Need to Know
November 14, 2022Across the country, states are conducting unclaimed property audits of dealerships. Whether an item may be considered unclaimed property often requires a review of the dealership’s policies and procedures, as well as an understanding of how those items are recorded by the dealership.
Potential Tax Benefits of Capital Investments for Auto Dealerships
August 17, 2022Auto dealers are navigating unprecedented market conditions, and most are experiencing an improved bottom line and healthier cash flow.
A Value Perspective on the Auto Dealership Industry
August 17, 2022The automotive industry is constantly evolving and is once again at a critical inflection point as businesses seek to adapt to changing consumer preferences, navigate supply chain uncertainty, and revolutionize their technology.
Proposed Relief for Dealerships Using LIFO
June 21, 2022The supply chain for many U.S. companies was disrupted due to the global COVID-19 pandemic, and inventory levels at the end of 2020 and 2021 were significantly reduced. As a result, many companies using the last in, first out (LIFO) inventory method experienced an involuntary liquidation of their LIFO layers.
Prepare to Shift – Adding Electric Vehicle Infrastructure For Today’s Automotive Retailers
June 21, 2022With automotive OEM’s expanding their Electric Vehicle (EV) offerings with ever more attractive models and range extending capabilities that allow consumers to drive ever farther, the market is poised for significant growth.
The War For Talent: Do Dealerships Stand A Chance?
June 21, 2022According to the 2021 Cox Automotive Dealership Research & Market Intelligence Staffing Study, sixty four percent of the 400 individuals working for companies outside the auto industry stated they did NOT want to work in an automobile dealership.
The Rise of Electric Vehicles
February 21, 2022The automotive industry is experiencing a convergence of disruptions unlike any seen since 1910. Autonomous, connectivity, electrification, mobility, and subscription business models are reshaping the automotive industry and creating a frenzy of activity.
Renewable Energy Tax Credits for Dealerships
February 21, 2022The case for sustainability — and for sustainable business — has been building on a global stage for many years. A growing number of consumers are taking into consideration the environmental impact of not only their purchases, but also the businesses from which they are buying.
Driving Profits Newsletter
February 21, 2022Success in the dealership industry depends on adapting to ever-changing external factors.
Why Dealerships Must Prioritize Cybersecurity
February 21, 2022Every business, no matter what line of work they are in, needs to secure their data and do everything they can to prevent accidental leakage or malicious attacks.
The Impact of the Digitally Driven Buying Experience on Dealerships
October 14, 2021The impact of digital is creating a dramatic shift to a new normal in traditional automotive retailing.
How to Prepare to Sell Your Dealership
October 14, 2021If you are an owner contemplating selling one or more of your stores, there are several steps you should take first before you even pick up the phone to call a broker.
Ransomware at Dealerships
October 14, 2021Dealerships are relying on their cyber infrastructure now more than ever as one of the most pervasive and devastating cyberattack vectors as ransomware continues to gain popularity among attackers.
How the Auto Industry Can Meet Disruption and Innovate with Industry 4.0
October 4, 2021The automobile industry is undergoing widespread transformation.
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