Driving Profits is filled with valuable information on tax, audit, and other breaking issues facing the automotive-dealership industry. Although we advise that dealerships continue to consult directly with an accounting expert before making any tax or accounting decisions, this newsletter is a great way to keep current.

Driving Profits - March 2013

Mar 15, 2013

With 2013 Well Underway, Auto Dealers Have Reason to Be Hopeful The automotive industry was one of the few bright spots among key U.S. economic indicators in 2012, and recent news reports (NADA Data 2012) are leading to expectations that sales and pr ...


Driving Profits - December 2012

Dec 4, 2012

Dealership Owners Who Make Family Gifts Before the End of 2012 Can Avoid Higher Rates on the Gift Tax The calendar is moving rapidly toward January 1, 2013 when the current relatively low tax rates (35 percent) are scheduled to rise and other favorab ...


Driving Profits - September 2012

Sep 24, 2012

The Affordable Care Act is Causing New Concerns, but Dealerships Can Still Find Ways to Control Health Care Costs One of the biggest financial concerns for automotive dealerships is the trend of annual increases in the cost of group health plans. The ...


Driving Profits - May 2012

May 1, 2012

An Eye on Natural Disasters: Dealerships Need a Plan of Preparation, Testing and Recovery A look back at some recent headlines will remind dealership owners that natural disasters can strike almost anywhere at almost any time, and this reminder shoul ...


Driving Profits - April 2012

Mar 23, 2012

Amid the Identity Theft Crisis, Dealerships Should Review and Test their Red Flags Programs Identity theft has become a financial epidemic, and the Federal Trade Commission (FTC) has a mandate for automobile dealerships to combat it. The requirement ...


Driving Profits - December 2011

Dec 15, 2011

Note to Self: Time to Talk to Your CPA about Year-End Tax Planning for the Dealership So there you are, sitting in your office in early December, still feeling a little stuffed from the Thanksgiving dinner, and you have this nagging feeling that ther ...