Goodwill can factor into a sale or acquisition

"Blue skies smiling at me"

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Topics: Auto, dealer services, GAAP

Artificial Intelligence is Improving How Used Cars Are Sold

Posted by Sheryl Grady on Oct 23, 2018

The term “artificial intelligence” or “AI” may conjure up sci-fi images of robots and futuristic machines. But many businesses today are using AI to obtain more accurate data and help owners and managers make better decisions.

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Topics: dealer services, Auto, AI, Artificial Intelligence, used cars

Seven more tips and tricks for SEO

Posted by Victoria Hernandez, Communications on May 30, 2018

The more people come to your site, the more likely they are to become clients or customers. Continuing to drive people to your site is beneficial for your overall business. In this last installment of the search engine optimization (“SEO”) series, we’ll be covering a few more tips that will help bring traffic to your site again and again.

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Topics: Construction, Manufacturing & Distribution, Auto, Real Estate, Not-for-Profit, Healthcare

User experience and your website

Posted by Victoria Hernandez, Communications on Apr 25, 2018

Welcome to the next blog post in a series of best practices for search engine optimization (“SEO”) and your organization’s website. We’ll discuss user experience (“UX”): what it is, what it means, and what you can do to help potential clients gain a better understanding while visiting your website. We’ll also go over user interface design (“UI”) and how it relates to UX.

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Topics: Manufacturing & Distribution, Auto, Real Estate, Healthcare, Construction, Not-for-Profit

Four basic SEO practices

Posted by Victoria Hernandez, Communications on Mar 26, 2018

In a series of SEO, we’ll discuss different tasks you can do in order to help maximize traffic on your site.

Let’s start from the beginning. What is SEO? SEO stands for search engine optimization. What does that mean? Search engines like Google, Bing, and Yahoo all use algorithms that decide how to rank sites on their pages, and SEO is the process that helps your site rank closer to the top of the page.

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Topics: consulting, Not-for-Profit, Manufacturing & Distribution, Healthcare, Auto, Construction, Real Estate

Three ways to cover your assets

Posted by Cristina Tirado, Tax Services on Sep 25, 2017

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: Accounting Tips, Auto, Tax

The playbook on family

Posted by Jonathan Cook, Senior II, Tax Services on May 25, 2017

As any dealer will tell you, running a successful dealership is already challenging enough without managing the risk of family dramatics spilling over into the day-to-day operations. To get ahead of these types of risks, you must make the separation of business and family unmistakably clear. A formal, written family employment handbook is one way to do this.

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Topics: Accounting Tips, Auto, Audit, Tax

Getting your brand mix right

Posted by Danni Douglas, Staff II, Tax Services on May 25, 2017

Adding or swapping a franchise requires due diligence

After several strong sales years in a row, some auto dealers are considering adding a franchise to expand their sales base.

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Topics: Audit, Tax, Accounting Tips, Auto

Make fringe benefits a symbiotic relationship

Posted by Jonathan Cook, Senior II, Tax Services on May 25, 2017

None of your competitors will shed a tear at your employee turnover rate. They want the most talented staff, and poaching your best becomes a lot easier if you have lacking fringe benefits that competitors can thrust into the limelight. According to the National Automobile Dealers Association (“NADA”), in 2016, there was a worrying overall turnover rate of 40% at dealerships. Even worse, the NADA reported that turnover among salespeople in 2016 was a daunting 72%.

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Topics: Audit, Auto, Accounting Tips, Tax

Is your dealership following these guidelines?

Posted by Danni Douglas, Staff II, Tax Services on May 25, 2017

With so many rules to follow, the first step to ensuring compliance is to make sure that you’re aware of them. It is also suggested to create a compliance checklist for each of your transactions to guide the process while following the laws and best business practices.

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Topics: Audit, Accounting Tips, Auto, Tax