The Dieselgate Debate Continuum
By Peter Goodrich, Tax Services The Volkswagen emissions scandal settlement agreement is stirring perhaps one of the greatest accounting debates in the history of the automotive industry. While this might not sound as exciting to any casual observer, the results could benefit Volkswagen dealers astronomically as far as tax outcomes are concerned. While the determination of […]
“Dieselgate”, Dealerships and Uncle Sam
By Peter Goodrich, Tax Services, Rosenfield & Co, PLLC There has been a lot of speculation regarding the Volkswagen emissions scandal, the magnitude of the settlement payouts and their respective tax implications to dealers. While the taxability of these payouts has not yet been solidified, there is a position that will likely be taken by […]
Press Release: Rosenfield and Company Expands Consulting Services to Include Information Technology
For Immediate Release Florham Park, NJ, October 10, 2016– Accounting firm Rosenfield and Company, PLLC has expanded its practice to serve its automotive clients in a non-traditional way for the average CPA firm. As their current client base has voiced a need for it, Rosenfield and Company has answered by expanding its consulting services to […]
Wealth Transfers: No More Valuation Discounts?
Melissa Barbosa, CPA, MBA, ABV, Valuation & Litigation Support Services Recently, the IRS issued proposed regulations to section 2704 in an effort to limit valuation discounts on transfers of interests in family-controlled entities for gift, estate and generation-skipping transfer tax purposes. The long awaited and much speculated regulations are intended to address perceived shortcomings that […]