TAX Where is the LIFO Inventory Relief? Ryan McDonell Manager, CPA 26 July 2022 Many auto dealers use the last-in first-out (LIFO) accounting method for valuing new vehicle inventory. Under LIFO, dealers use the value of the most recently acquired inventory as an...
AUTOMOBILE DEALERSHIPS The Importance of a Relevant Buy-Sell Agreement Chris NadeauManager, CMA, CPA, CVA 26 July 2022 In recent years, there has been a notable increase in the number of times I have been retained to consult on buy-outs of exiting shareholders. I have...
IT AUDIT & SECURITY Three Critical Cyber Security Steps for Auto Dealerships Don Lander, Director of Advisory Services, OCD Tech 26 July 2022 Anyone working in the car dealership business knows that your employees are crucial to the success of your dealership. You...
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