The House and Senate – Weeding through proposed Tax Reform
From the Desk of Jennifer Kobylarz, CPA, MST The House and Senate are currently working to reconcile the differences between their two tax reform bills. Until we have further clarification on a final bill, we have summarized these proposed changes and have listed them below. We will keep you updated as the final reconciliations are […]
Effect of Lower US Corporate Tax Rates on Canadian US Cross-border Structures
By Jennifer Kobylarz, CPA, MST Tax reform was a key part of President Donald Trump’s 2016 election campaign. Although no reform bills have been passed, the President has stated he wants the federal corporate tax rate cut from 35% to 15%. The US corporate tax rate is the third highest in the world. This has […]
In the Market to Sell a Dealership?
by Ken Rosenfield, CPA, Managing Partner The past year has seen a tremendous increase in the sale and acquisition of dealerships. Prices for most franchises are at an all-time high. For buyers, be aware that we are currently in a “Seller’s Market” as the list of buyers is larger than that of sellers. With the […]
Don’t Lose Money in a Buy/Sell Because of Sloppy Accounting
By Kenneth R. Rosenfield, CPA The past few months in the automotive retail industry have been very challenging, to say the least. Among the issues the industry is facing: A new President, looming trade tariffs, tax incentives for US manufacturing, import issues, tax breaks and possible elimination of the interest deduction. Manufacturers are also being […]