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 - June 2014

Jun 9, 2014

Natural Disasters – Helping Dealerships Everywhere to Be Better Prepared Sometimes, it is easy to think that storms, floods, wildfires, and other damaging events are things that only affect “the other guy.” But, no matter where you live, or ...


Driving Profits - January 2014

Jan 21, 2014

Lessons Learned Since the 2008 Slowdown: Are You Prepared Should Times Get Tough Again? It is no secret that the global economic slowdown that started in 2008 had a direct impact on the auto industry, and it was a slow road to recovery for dealers. T ...


Driving Profits - July 2013

Jun 26, 2013

Natural Disasters – How Prepared is Your Dealership to Weather the Storm? In May, just prior to the June 1st start of the Atlantic Hurricane Season, The National Oceanic and Atmospheric Administration (NOAA) issued a prediction for a “higher ...


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 ...