Cristina Tirado, CPA, Supervising Senior, Tax Services

Recent Posts

Cash payments from customers call for special treatment

Este artículo está disponible en español. ¡Haga clic aquí!

It’s not uncommon for dealerships to receive large sums of cash as payment for vehicles. As you may know, your dealership is generally required to file a special form with the IRS to report cash transactions of more than $10,000. This article will review the requirements and provide different scenarios where a dealer may or may not be subject to filing IRS Form 8300.

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Pagos en efectivo requieren tratamiento especial

This article is also available in English. Click here!

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Benchmarking Your Dealership for Success

In the past, comparison has been described as the thief of joy, this article intends to defend "comparison" as more than just a thief, but rather a source of knowledge than can help a dealership gauge their performance through the use of benchmarking tactics. These benchmarks are put in place to identify strengths and weaknesses across departments and also across other dealerships. The article will dive into a variety of different metrics along with tips on how to give context and relevance to the numbers by identifying a basis of comparison for the data.

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Topics: Auto, dealer services, benchmarking, dealership

Dig deep to determine the TCJA’s total impact

The passage of a new tax law in December was intriguing, if not downright exciting, news for most construction company owners. Now that the dust has settled, this article takes a look at some highlights, including reduced tax rates and boosted depreciation deductions. A sidebar points out that some valuable tax breaks have been eliminated or limited.

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Topics: Tax, Construction, IRS

Three ways to cover your assets

Picture this- You put twenty years into growing your business. Twenty years’ worth of money, hard work, and dedication. Come the twenty-first year when the business is a fully-functioning, profit-making machine, you get a knock on your door; you’ve been sued.

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Topics: Auto, Accounting Tips, Tax

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