The Right Cash Reporting System Can Make Hefty IRS Fines a Thing of the Past

Jul 1, 2006

The Right Cash Reporting System Can Make Hefty IRS Fines a Thing of the Past By Tony Argiz, CPA, ASA, ABV, CVA, CFE (targiz@mbafcpa.com) and Santiago Pujals, CPA (spujals@mbafcpa.com) published in Professional Auto News Adherence to cash reporting re ...

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Assessing the Impact of the 2005 Hurricane Season: An Interview with Billy Navarre of Billy Navarre Chevrolet, Honda and Hyundai of Lake Charles, Louisiana

Jun 1, 2006

As the 2006 hurricane season begins, forecasters are projecting another busy cycle, suggesting the possibility of 13 to 16 named storms, with eight to ten becoming hurricanes, of which four to six could be come “major” hurricanes of Categ ...

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Last Steps Before the Storm

Jun 1, 2006

In situations where a potentially disastrous event can be predicted, such as a hurricane, there are some key steps that a dealership’s controller should take to protect key records and inventory Here are ten must-do’s for the controller b ...

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Countdown to Hurricane Season '06: How to make disaster planning a key part of your dealership's future

Jun 1, 2006

Countdown to Hurricane Season ’06: How to make disaster planning a key part of your dealership’s future By Tony Argiz, CPA, ASA, ABV, CFE, (targiz@mbafcpa.com) and Stuart Rosenberg, CPA, ABV (srosenberg@mbafcpa.com) published in Professio ...

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Tax Services Advisory - Government to Stop Collecting Long-Distance Telephone Excise Tax

May 25, 2006

IR-2006-82, May 25, 2006 WASHINGTON – The Internal Revenue Service today announced that it will stop collecting the federal excise tax on long-distance telephone service. The tax on telephone services was first imposed in 1898. The current rate ...

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Tax Services Advisory - Bush Signs 'Tax Increase Prevention and Reconciliation Act of 2005' ('TIPRA')

May 18, 2006

Both Houses of Congress have passed TIPRA, and President Bush has signed it today. The measure will provide approximately 70 billion of tax relief to a variety of taxpayers. Here is a summary of the tax savings provisions of wider application, and we ...

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The Case for Dealership Expansion - Why Dealers Need to Act Now to Develop a Plan for Acquisition and Consolidation?

May 1, 2006

The Case for Dealership ExpansionWhy Dealers Need to Act Now to Develop a Plan for Acquisition and Consolidation By Phil Villegas (pvillegas@mbafcpa.com) published in Professional Auto News More than a decade ago, the auto industry was in the grip of ...

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Advice You Can Use: Fraud Alert!

Apr 1, 2006

For dealers who think fraud can’t happen in their own stores, here’s a tale that demonstrates just how easy it can be too miss the signs that something just isn’t right in the accounting department. Recently, an accounting office em ...

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Shifting Gears: Test Your Knowledge with MBAF's Automotive Trivia Quiz

Apr 1, 2006

Over the last century, approximately how many different car nameplates have appeared in the United States? a) 500b) 1,500c) 2,500d) 3,000 In what year did George B. Seldon apply for the first ever gas powered automobile patent? a) 1865b) 1879c) 1891d ...

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Automotive History 101: Here is some food for thought from MBAF

Apr 1, 2006

With rising gas prices and the growing dependency on crude oil, is hybrid technology such a new and revolutionary concept? Consider this, at the turn of the 20th century electric powered automobiles made up 38% of all automobiles in use, while hybrid ...

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