Disaster Tax Relief Act
By Zach Wimberger, Tax Services, Rosenfield & Co, PLLC On September 29th 2017, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017, putting forth changes to provide tax relief for any taxpayers that have been impacted by Hurricanes Harvey, Irma, and Maria. The most notable relief this law provides […]
Republican Tax Reform Framework
By Jennifer Kobylarz, CPA, MST – Tax Services, Rosenfield & Co, PLLC On Wednesday, September 27th, the Republican Party announced their Tax Reform Framework, outlining tax cuts for both individuals and businesses. Largely, the Framework conforms to the goals President Trump outlined in April. The largest difference being the proposed corporate tax rate; President Trump […]
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 […]
Maximizing your Dealer Management Systems
From the Desk of Sally Lopez, Director of Information Technology, Dealer Services Some of the typical questions I have heard Dealers ask themselves are: “How can I cut my Data Processing Expense?”, “What applications are right for my dealership?”, “How can I get more out of my DMS?”, “Who can do this for me if […]