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Considerations for Building a Better Coaching Culture

Publication | Dec 06, 2019
More About | Performance & Growth | Talent

Many organizations ask an all too common question: “How can we help our employees improve their performance while nurturing and developing their long-term strengths?” The answer may be found in building a coaching culture that aligns uniquely to your organization. Unlike traditional mentoring (manager explains to team member his or her own personal experiences in getting the job done) or consulting (manager explains to team member how to do the job step by step), coaching is a different form of leadership that allows employees to maximize their professional and personal development.

Blockchain Series #5: Guidance and Direction for Organizations & Series Summary

Distributed ledger and blockchain technologies have enormous potential – whether creating efficiencies in supply chain, automating financial transactions or offering better workflows and record-keeping processes for governments, insurance carriers and healthcare entities. Yet, the emerging nature of this technology, complexity of implementing it and scarcity of expert resources should give businesses pause.

FASB Finalizes Effective Date Delays for Major Accounting Standards

Today, the Financial Accounting Standards Board (FASB) issued two Accounting Standards Updates (ASUs) that finalize various effective date delays for standards on current expected credit losses (CECL), leases, hedging, and long-duration insurance contracts.

Key Elements of Successful Bank Mergers in 2020

As banks have a continued desire to grow, learn the key elements of successful mergers in 2020 from DHG’s Jon Tomberlin and Heather Wallace.

Risk Capability 2.0 - Moving Beyond the Tipping Point

Publication | Oct 30, 2019
More About | Healthcare | Healthcare Consulting | Performance & Growth

At DHG Healthcare, our broader industry perspective is technically grounded in a concept we refer to as "Risk Capability."

Impact of the New Revenue Recognition Standard on Dealerships

In May 2014, the Financial Accounting Standards Board (FASB) issued a new revenue recognition accounting standard with Accounting Standards Update (ASU) 2014-09 (Topic 606), Revenue from Contracts with Customers, replacing nearly all existing revenue guidance under U.S. Generally Accepted Accounting Principles (GAAP). The new standard uses a five-step process to analyze revenue recognition. This memo will analyze the new standard at a high level and focus on the most common scenarios that impact dealerships. Outcomes may vary for dealers with more unique facts and circumstances.

IRS Releases Proposed Regulations for Income Inclusion Under Section 451

On Sept. 5, 2019, the Internal Revenue Service (IRS) released two proposed regulations that address changes in Section 451(b) and Section 451(c) implemented by the Tax Cuts and Jobs Act (TCJA), addressing the timing of income inclusion for taxpayers using the accrual method of accounting. Either of these provisions may lead taxpayers to recognize income sooner than they would have prior to the TCJA changes implemented to Section 451.

Lease Accounting – Understanding the Implementation of GASB 87

GASB 87 has been a significant topic of conversation for many organizations, including adaptation and implementation of the single model for accounting and reporting. In this article, we cover the major changes required by the new standard as well as possible complexities that governments may face as they work toward compliance with the new lease standard.

DHG Celebrates Client Experience Week

Firm News | Oct 01, 2019
More About | Performance & Growth | Talent

Charlotte, N.C., October 1, 2019 – As a firm, DHG is focused on delivering top-notch client service and exceeding client expectations. From September 30-October 4, 2019, the U.S. top 20 public accounting and advisory firm is proud to celebrate Client Experience Week. During this weeklong celebration, DHG team members will take advantage of the opportunity to recognize fellow partners and employees for truly going above and beyond in their client service delivery.

2019 AICPA National Conference on Banks & Savings Institutions Highlights

The following are selected comments from various speakers at this year’s conference. This summary does not capture all the discussions presented over the three-day period; rather, it is intended to highlight trending topics and recurring themes. The selected comments below are our interpretation of the speakers’ comments and do not necessarily represent the opinion of DHG.

Blockchain Series #4: Blockchain and Distributed Ledger Technology (DLT) Implementations

Most blockchain implementations today are focused on cost reduction and efficiency improvements. In the future “programmable economy,” it is widely held that new business models will emerge, representing new ways of value exchange and new forms of business value. Distributed ledger technologies, like blockchain, are still in their infancy and changing constantly. As such, viable blockchain use cases will largely avoid speculative new business and operating model experimentation.

Performance Series #2: Improving the Budget Process for Your Business

Publication | Sep 20, 2019
More About | Performance & Growth

Budgeting may be considered a great equalizer among businesses of all types: at the end of the fiscal year, we all measure and analyze the previous year, as well as plan accurately for the next year with goals aligned to a strategic plan. However, the process leaves many businesses frustrated as they struggle with what may seem to be an overwhelming task, full of complicated processes while working through any identified inefficiencies. For many organizations, it may be beneficial to take a step back and analyze your budget process, which can help you understand where problems occur.

Department of Defense Contractors to Begin Preparing for New Cybersecurity Certification Requirement

As cyberattacks against Department of Defense (DoD) contractors continue to threaten national security, the DoD is increasing oversight and enforcement of data security requirements within its supply chain.

AFS Investment Portfolio Considerations as Your Bank Prepares for CECL

With the upcoming adoption of the Financial Accounting Standards Board’s (FASB) credit impairment standard (ASU 2016-13 or Topic 326) dealing with current expected credit losses (CECL), there has been significant discussion about the allowance for the loan portfolio. For many financial institutions, this is where they will see the most significant impact; however, Topic 326 is not only a standard to estimate an allowance for loans.

IRS Releases Proposed Guidance on Excise Tax of Net Investment Income

On June 28, The Internal Revenue Service (IRS) and the U.S. Department of Treasury (Treasury) released proposed guidance on Section 4968, which was created by the Tax Cuts and Jobs Act (TCJA) in 2017.

How to Develop and Implement a Robust Internal Audit Plan

Publication | Jul 22, 2019
More About | Dealerships | Performance & Growth | Risk & Regulatory

We have heard the phrase time and again – that a sound internal control environment is an important element of a dealership’s overall organizational structure. Well-designed and implemented internal controls can help an organization achieve their objectives and improve overall operational effectiveness and efficiency. But how do we safeguard this internal control environment so that it functions properly in the dealership? This article will provide a some tips and suggestions on how to develop and implement your own internal audit plan, whether you are a single-point dealer or a multi-rooftop group.

Digital Marketing – How Savvy is Your Strategy?

Publication | Jul 19, 2019
More About | Dealerships | Performance & Growth

In a time of disruption in the automotive industry where an increasing number of vendors are presenting digital marketing products, it is important for dealers to consider the efficiency of their digital marketing efforts and associated spending. Utilizing software, data and benchmarks from unbiased sources has great potential to provide dealerships with insights and information about their marketing strategies to help them be more efficient, effective and profitable.

Blockchain Series #3: Blockchain and Distributed Ledger Technology (DLT) – The Rationale

Publication | Jul 16, 2019
More About | Technology & Life Sciences | Innovation & Technology | Performance & Growth

Blockchain has the potential to address business problems, create new services, deliver new capabilities and transform existing processes. As previously discussed, the hype associated with blockchain can be misleading. Combine the hype with fear-of-missing-out (FOMO) and you have a perfect recipe for early adoption failure. Trying to rationalize an approach to blockchain adoption seems difficult, but there are reasonable guidelines that, when followed, will help identify where this type of distributed ledger technology can bring value. Given the irrational exuberance related to blockchain technology, it is not uncommon to hear examples of how innovative businesses are using (or misusing) blockchain.

A Culture of Inclusion and Diversity

Publication | Jul 12, 2019
More About | Performance & Growth | Talent

Inclusion and diversity in the workplace have become a top priority for many organizations hoping to create working environments that bring together employees’ different backgrounds and experiences while also helping them contribute to their fullest potential. Strategically focused efforts around inclusion and diversity promote innovation, enhanced opportunities, better access to top talent and ultimately improved performance. Simply put, inclusion and diversity drives employee engagement as well as productivity. In fact, organizations with higher racial and ethnic diversity are 35 percent more likely to produce above average financial returns beyond their national industry medians, and organizations with higher gender diversity are 15 percent more likely to do the same.

Board Member 101: Three Best Practices

Publication | Apr 29, 2019
More About | Not-for-Profit | Performance & Growth

DHG recently hosted a series of events that included participants of both not-for-profit board members and management. The two groups were asked to list important items they wanted the other group to know about board membership and service.

The Importance of a Culture Strategy

Publication | Apr 18, 2019
More About | Performance & Growth | Talent

You may have heard the phrase, “Culture eats strategy for breakfast,” which has often, although unofficially, been attributed to Peter Drucker.

This Is Not a Drill: Business Continuity Planning Is an Integral Risk Management Tool

The challenges of operating in a banking community, with its sophisticated products, services and integrated technology infrastructure, open the door to risk exposure and the need for recovery from catastrophic events. These events cannot be viewed as once-in-a-lifetime, black swan events. Accordingly, business continuity planning (BCP) is more than a check-the-box exercise.

The Risk Management Flash - Vol 2 Issue 2

Publication | Mar 26, 2019
More About | Regional and Community Financial Institutions | Performance & Growth

A summary of risk management developments for regional and community financial institutions

Change Management – Building the Case for Organizational Change

Publication | Mar 25, 2019
More About | Performance & Growth | Talent

Let’s be honest. Change is hard, but it is not that complex! That said, research would suggest that up to 75% percent of change initiatives fail to meet their objectives. What a lot of wasted time and effort! You can imagine how exhausting that might be to those involved, not to mention the impact on the business. Change agility as a core competency is something that DHG has embraced with enthusiasm, and it challenges us to rethink our method of approaching strategic initiatives.

Broker-Dealers: Impact of the New Lease Standard (ASC 842) on Net Capital

Beginning Jan. 1, 2019, broker-dealers are required to reflect operating leases on their balance sheets through the capitalization of a right-of-use asset and corresponding lease liability under Accounting Standards Update No. 2016-02, Leases.

Succession Planning Transforming in the Construction Industry

Publication | Mar 19, 2019
More About | Construction | Performance & Growth | Succession

The Tax Cuts and Jobs Act (TCJA), Public Law No. 115-97, affects many industries in many ways and a great deal of the changes are providing significant impacts to small businesses in the U.S. Inherent in the modifications is an effort to keep more business in the U.S. and foster continuous economic growth. As many of TCJA’s provisions were effective in 2018, it is important for both large and small entities to understand how they will be impacted, what to expect and how to plan for the future.

Tax Considerations for Selling a Business

Succession planning for your business in 2019 can be a complex endeavor, requiring multiple counsel and advisors on your team helping you set goals, objectives and decision-making processes for a successful transfer. Having a strategy for the future of you and your business offers numerous benefits, such as security and financial stability, protection of profitability, reducing potential litigation and creating a smooth transition in the event of unforeseen circumstances like death or divorce. However, it’s likely that most business owners do not currently have a plan in place, and those that do have likely not discussed their plan with their team of advisors.

Why You Should Consider Enterprise Performance Management for Your Organization

Publication | Feb 21, 2019
More About | Data | Innovation & Technology | Performance & Growth

This is part of DHG’s Performance Quarterly Series for 2019. In this quarter’s installment, DHG’s Chief Financial Officer Frank Graham provides an overview of the benefits of enterprise performance management.

Swap Your Stance on a Hedging Program: Key Considerations for Community Banks

Publication | Feb 19, 2019
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

Why should community banks consider a hedging program? Community banks should consider the implementation of a hedging program for certain loans given the rising interest rate environment, as well as recent accounting changes meant to simplify hedge accounting. A hedging program can mitigate interest rate and credit risk, generate fee income and respond to customer demand and competition.

Preparing your Dealership for Financial & Tax Due Diligence

Publication | Feb 04, 2019
More About | Dealerships | Mergers & Acquisitions | Performance & Growth

As dealer consolidation continues, chances are many dealers will become a buyer or seller in the near future. When purchasing

The Risk Management Flash - Vol 2 Issue 1

Publication | Jan 29, 2019
More About | Regional and Community Financial Institutions | Performance & Growth | Risk & Regulatory

A summary of risk management developments for regional and community financial institutionsTopics Covered in this Issue Federal Reserve Supervision and Regulation Report Agencies Propose Rul

Model Risk Management Guiding Principles For Community Bank Organizations

With the adoption of the existing Supervisory Guidance on Model Risk Management by the Federal Deposit Insurance Corporation (FDIC) i

Government Shutdown and What It Means for Taxpayers

As President Trump and Congress continue to work to reach a deal to reopen the federal government, the partial shutdown continues to affect government agencies, including the Internal Revenue Service

Relief for Small Business Tax Accounting Methods (as featured in Journal of Accountancy)

The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which generally took effect in 2018, provides welcome simplifications for small business taxpayers. This article highlights some of these new provisions compared with prior law and how small business taxpayers are affected.

Stay Smaller Longer: SBA’s Runway Extension Act Changes the Calculation of Size Status from Three to Five Years

Publication | Dec 20, 2018
More About | Government Contracting | Performance & Growth

On December 17, 2018, the President signed into law the Small Business Extension Act of 2018 (the “Act”). According to the House Committee on Small Business Report, the purpose of the Act is to “help

2018 Year End Tax Planning Letter

It is hard to believe that the year is almost over, and the holiday season is upon us. As you put the finishing touches on your year-end plans remember to include a plan for taxes this year.

Asset Size Does Not Matter: Enterprise Risk Management Expectations for Financial Institutions Less Than $10 Billion

Publication | Nov 14, 2018
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

The traditional school of thought in banking has been that asset size matters in terms of regulatory expectations around enterprise risk management (ERM).

The Wayfair Ruling’s Impact on Financial Reporting

In arguably the most important sales tax case in the past twenty-five years, the U.S. Supreme Court released its highly anticipated decision in South Dakota v. Wayfair, Inc. in June. In essence, the Wayfair decision eliminated the historical “physical presence” nexus standard for sales tax and effectively puts into place an “economic” nexus standard based on the amount of business a company does in a given jurisdiction. The court upheld South Dakota’s nexus statute, which defines doing business in the state as having greater than $100K in sales or 200 transactions in a year within the state.

The Risk Management Flash - Vol 1 Issue 2

Publication | Oct 26, 2018
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

A summary of risk management developments for regional and community financial institutions

Practical Considerations for Private Companies on the Timing of Evaluating and Implementing ASC 606

Publication | Oct 23, 2018
More About | Assurance | Revenue Recognition | Performance & Growth

In today’s fast-paced and rapidly changing business environment, management teams are faced with challenging decisions on where to deploy limited resources.

Revenue Recognition: A Private Company Disclosure Guide

The Financial Accounting Standards Board issued Accounting Standards Codification (ASC) 606 - Revenue from Contracts with Customers in May 2014. The new standard becomes effective for private companies1 for fiscal years beginning after December 15, 2018 (i.e. calendar year 2019 for companies with a December 31st year end) and interim periods within fiscal years beginning after December 15, 2019 (i.e. first quarter 2020 for private companies with quarterly interim reporting requirements and a December 31st year end).

House of Representatives Ways and Means Committee Set to Markup Tax Reform 2.0

alert | Sep 13, 2018
More About | Tax | Tax Reform | Performance & Growth

On Thursday, September 13, 2018, the House Committee on Ways and Means will hold a Full Committee Markup to discuss “Tax Reform 2.0.” The markup will cover three areas:

The Risk Management Flash - Vol 1 Issue 1

| Aug 31, 2018
More About | Regional and Community Financial Institutions | Performance & Growth

A summary of risk management developments for regional and community financial institutions

Lease Update: Impact to Dealerships

Publication | Aug 28, 2018
More About | Dealerships | Lease Accounting | Performance & Growth

In February, 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standard Update (ASU 2016-02) that amends the accounting guidance on leases. The guidance defines new principles

Strategy Execution Viewpoint: Effective M&A is about More Than the Numbers

| Aug 14, 2018
More About | Regional and Community Financial Institutions | Performance & Growth

In today’s relatively benign credit environment, poor merger integration often leads to transactions failing to meet strategic and financial goals. The breakdown typically occurs in the middle of the M&A cycle − in due diligence and closing stages − where management’s focus on financial metrics overshadows strategic and operating challenges that need to be reconciled for the newly-combined entity to succeed

Compliance in the Post-Wayfair World: What’s Next?

In arguably the most important sales tax case in the past 25 years, the U.S. Supreme Court announced its highly anticipated decision in South Dakota v. Wayfair, Inc. In summary, the Wayfair decision eliminated the historical “physical presence” standard and effectively put in place an “economic nexus” standard based on the amount of business a company does in a given jurisdiction.

Strategy Execution Viewpoint: Challenges Should Be Explicitly Addressed and Embraced

| Jul 30, 2018
More About | Regional and Community Financial Institutions | Performance & Growth

Strategy selection is about making well-informed strategic choices and accepting trade-offs. Too few community banks formally address risk during their strategic planning process, while establishing objectives or evaluating strategic options

Is Converting to a C-Corporation More in line with Your Company Goals?

The 2017 Tax Cuts and Jobs Act (the Act) contains considerable changes to the federal tax code, including a significant reduction of the federal corporate tax rate from 35 percent, to a flat rate of 21 percent. The newly enacted provision will permanently remain in place, and not scheduled to revert back to a higher rate.

Interest Rate Risk: Managing for Today and Planning Ahead for Future Challenges

| Jul 17, 2018
More About | Regional and Community Financial Institutions | Performance & Growth | Risk & Regulatory

Interest Rate Risk (IRR) ManagementThe federal funds rates (rates) have been extremely low for an unprecedented period of time. With recent rate increases,

Sales Tax Nexus – Highly Anticipated Decision in Wayfair Case is Announced

In arguably the most important sales tax case in the past twenty five years, the U.S. Supreme Court has announced its highly

Top CEOs Share Their Success Strategies

DHG recently embarked on a research initiative to listen to the success stories of top-performing community bank CEOs.

Capturing Efficiency, Profitability, and Predictability Through Big Data

How Tax Reform Could Limit Your Business Interest Deduction

On December 22, 2017, Public Law No. 115-97, commonly referred to as the Tax Cuts and Jobs Act (The Act), was enacted, and resulted in

The Tax Cuts and Jobs Act Affects Meals and Entertainment Deductions

alert | Mar 23, 2018
More About | Tax Reform | Performance & Growth | Risk & Regulatory

Under new law (P.L. 115-97), the deductibility of business-related meals and entertainment expenses was changed.

Navigating the New Healthcare Revenue Recognition Model

After years of fanfare, controversy, debate, and deferrals, the effective date of the new standard for revenue recognition is finally upon us. The new standard is effective for public entities (including not-for- profit entities with publicly-traded conduit debt) for fiscal years beginning after December 15, 2017, including interim reporting periods within that reporting period.The new standard is found in Accounti

DHG Healthcare Symposium May 16-18, 2018

Thank you for attending the 2018 Symposium! We look forward to seeing you next year June 5 - 7, 2019. The healthcare industry and

Strengthening Internal Controls to Prevent Fraud

| Feb 06, 2018
More About | Dealerships | Performance & Growth

Fraud is often not detected until after the crime has been committed. According to the Association of Certified Fraud Examiners (ACFE), t

Warranty: Changing your Outlook

| Feb 06, 2018
More About | Dealerships | Performance & Growth

This past September I presented at the Powersports Dealer Seminars @ AIMExpo in Columbus. First off, I want to thank those that attended,

CMS Approves Bundled Payment For Care Improvement – Advanced (BPCI-A)

In this past year, the healthcare industry has seen a range of changes in Alternative Payment Models (“APM’s”) from the Centers for Medicare and Medicaid Services

Top 10 List of Provisions Included in 2017 Tax Reform

The last major tax reform legislation was passed in 1986. Since then, the tax rules

Tax Reform: What Can Taxpayers Do Now?

What can you do now to prepare for the proposed tax reform? Watch this DHG Tax video to learn actions you can take.

Executive Summary: Delivering Superior Performance – CEOs Share Timeless Success Strategies

| Dec 14, 2017
More About | Regional and Community Financial Institutions | Performance & Growth | Talent

The past decade has resulted in tremendous shifts in the macroeconomic environment and significant consolidation among community, regional and national financial institutions.

Tax Reform - Impact on Financial Statements

If passed in a form resembling the current House and Senate proposals, tax reform will impact the financial statements of most every U.S. corporation.

Consider Accounting Office Consolidation at Your Multi-Store Dealership Group

| Nov 30, 2017
More About | Dealerships | Assurance | Performance & Growth

As dealerships continue to expand, the logistical and operational complexities of handling processes such as accounts payable,

Year End Tax Planning Letter

We are nearing the end of another year, and we, like you, embrace this time to reflect on where we’ve been and to chart a course for the future. Before you close the books or turn off the lights for the last time this year, know that there is still time to take action to ensure you end 2017 with a bang and position yourself for success in 2018.

Tax Reform Proposal: Overview and Small Business Highlights

The last major tax reform legislation was passed in 1986. Since then the tax rules – Internal Revenue Code amendments, regulations, procedural guidance and court case law – have morphed into a tax system that is complex and often burdensome to taxpayers.

Tax Reform Proposal: Overview and Small Business Highlights

alert | Nov 14, 2017
More About | Tax Reform | Performance & Growth | Risk & Regulatory

IT System Development Best Practices

| Nov 08, 2017
More About | IT Advisory | Innovation & Technology | Performance & Growth

Companies and organizations often face the challenge of outdated IT systems that no longer support their current business model. In order to avoid common IT system development hazards, slow down to make sure warning signs are not overlooked in a new system development project and review best practices before your team begins implementation.

New IRS Directive for Taxpayers Who Disclose GAAP ASC 730 R&D Costs on Audited Financial Statements

alert | Nov 01, 2017
More About | Tax | Research & Development Tax Credits | Performance & Growth

Substantiating a taxpayer’s research credit claim can often be burdensome for the taxpayer. A recent IRS directive may provide some relief and also mitigate risk during IRS exam.

End-to End Commercial Lending Process Performance

Case Study | Aug 10, 2017
More About | Regional and Community Financial Institutions | Performance & Growth

Planning continued market and business expansion, a regional bank wanted to ensure its commercial loan process was delivering the desired customer experience efficiently across all markets and was scalable to the bank’s growth.

The Impacts of Family Dynamics on the Transition of Leadership in a Multi-Generational Dealership

Case Study | May 09, 2017
More About | Performance & Growth | Succession

In a collaborative effort to demonstrate some common roadblocks that both DHG Dealerships and The Rawls Group often sees within family-run dealership clients who are in the process of making leadershi

How will Defense Contracting Audit Reform Evolve?

| Apr 28, 2017
More About | Government Contracting | Performance & Growth

Earlier this month, members of the House Armed Services Subcommittee on Oversight and Investigations conducted a panel hearing to evaluate the defense contract auditing process. The subcommittee Chairwoman Vicky Hartzler acknowledged economic burdens caused by defense contracting audit delays and the need for a fair, efficient and timely auditing process. The committee also sought insight from the panelists about privatizing part of the auditing process.

Federal Tax Reform: The Possibilities and How to Prepare

The general consensus is that tax legislation in some form will be enacted in the near future. Will it result in a sea-change in how we currently pay federal income tax or just in more modest tax rate cuts? What tax reform will look like exactly is speculation and conjecture at this point. However, there are things businesses can do now to prepare for the anticipated tax reform.

Substantial Savings for Construction Contractors: Qualifying for and Pursuing the R&D Tax Credit

| Apr 19, 2017
More About | Construction | Performance & Growth

When the topic of research and development (R&D) tax credits is discussed, chemists with lab beakers typically come to mind. Instead imagine construction superintendents and engineers in hard hats and on a job site. More construction companies are taking advantage of the credit than ever before and are realizing substantial savings in the process.

NC Department of Revenue Issues Guidance on RMI and Capital Improvements

The NC Department of Revenue (NCDOR) has issued a formal written notice to further explain major changes to the applicability of sales & use tax to transactions involving repairs, maintenance and installation services (RMI services) and for those transactions that would likely be treated as capital improvements.

Part 1: The Impacts of Family Dynamics on the Transition of Leadership in a Multi-Generational Dealership

DHG TV | Mar 09, 2017
More About | Dealerships | Performance & Growth | Succession

Family issues can impact business decisions, such as in the case of a multi-generational dealership whereby an older owner struggles to relinquish control in the wake of his/her child’s desire and readiness to exercise more control.

Part 2: The Impacts of Family Dynamics on the Transition of Leadership in a Multi-Generational Dealership

DHG TV | Mar 09, 2017
More About | Dealerships | Performance & Growth | Succession

After the Close: Don’t Forget Dealership Process Details

You are sitting at the closing table, just moments after wrapping up the entire process. From broker offerings to the LOI to due diligence to solidifying the Asset Purchase Agreement (APA), you are officially done and it is time to celebrate. Right?

Bridging the GAAP: A Primer on Unique Dealership Accounting Aspects for Private Equity and Family Office Buyers

With such an abundance of consolidation, buying, selling, brokering and new investor entry, the automotive space has presented exciting opportunities over the past few years. Given the rise in private equity/family office (PEFO) activity there are many new investors who are new to the space and may find an “inside scoop” from a dealership accounting perspective helpful when it comes to grasping the distinctive industry language and effectively analyzing the investment opportunity.

The Top Ten Topics for Audit Committees to Discuss with External Auditors in 2017

| Feb 24, 2017
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

Following an active year of developments in the accounting world and regulatory environment, 2017 kicks off with a changing landscape of evolving regulations and politics

Assist Internal Audit Department with Model Risk Management

Case Study | Feb 21, 2017
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

A regional bank’s internal audit team wanted to assess the overall effectiveness of its model risk management framework. This included analyzing a sample of model validations, the reported findings and remediation activities performed by the internal model validation group.

Transition from in-house to outsourced internal audit model

Case Study | Feb 17, 2017
More About | Regional and Community Financial Institutions | Performance & Growth

Following decades of using an in-house internal audit model, a multi-billion dollar regional bank’s Director of Internal Audit retired. The client made the decision to outsource and enhance the capabilities of its internal audit function.

Contemporary Approach to Strategy Development

Case Study | Feb 17, 2017
More About | Financial Services | Regional and Community Financial Institutions | Performance & Growth

Client sought a rigorous, fresh approach to strategic planning. Given the rapidly changing community banking landscape, the client wanted a process that would drive open, objective discussion of new and innovative options for increasing long-term franchise value.

Common Pitfalls of Business Combination Accounting

With recent merger announcements of companies like Starwood and Marriott, or AT&T and Time Warner, the appetite for business acquisitions is clearly back in full swing.

Accounting and Assurance Year End Update: Private Company Edition

This document is intended to summarize select accounting standard setting activities that may have an impact on 2016 year-end private company financial reporting. For the purpose of this publication, the term “private company” is used on the basis that the referenced entity is not a Public Business Entity, or otherwise would meet public company reporting requirements under U.S. GAAP.

Top 10 Internal Audit Tips for Small Dealership Groups and Single-Point Stores

| Jan 02, 2017
More About | Dealerships | Performance & Growth

Contrary to the necessity of external audits to maintain compliance in this heavily regulated industry, many dealerships forego placing emphasis on the importance of securing a well-oiled internal audit function. Internal audits fall into the "not required" category; therefore, many dealers are averse to allocating resources towards what they might consider to be a superfluous service.

Top 10 Dealership Tax and Assurance Tips for 2016 Year-End

| Dec 09, 2016
More About | Dealerships | Performance & Growth

Is the thought of a chaotic year-end getting you down? Sometimes a simple set of reminders that brings you back to the basics can be the cornerstone to successfully closing your calendar year.

Focusing on Service Excellence to Enhance Customer Loyalty

| Dec 05, 2016
More About | Dealerships | Performance & Growth

The service department is an entity whose operations impact any dealership's success to some degree. For customers and dealership employees alike – if you own a vehicle, it is more than likely that you have spent some time in the service department.

Year End Tax Considerations

| Nov 30, 2016
More About | Tax | Performance & Growth

In today’s fast-paced and constantly changing environment, businesses are constantly looking for ways to add value to the bottom line while also mitigating risk for their organizations. At DHG, we focus on finding and delivering value-added solutions for our clients to help them achieve their objectives

2016 Year-End Strategies: Straddling Two Years Of Significant Change

alert | Nov 10, 2016
More About | Performance & Growth

Implementing tax strategies at year-end always presents unique challenges and opportunities. The impact of recent tax legislation and significant IRS rule changes during 2016 raises the stakes.