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Articles for category Dealerships



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Date: November 02, 2018

Targeted Improvements to Related Party Guidance for ...

On October 31, 2018, the Financial Accounting Standards Board (“FASB”) released Accounting Standards Update (“ASU”)
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Date: March 08, 2017

Texas Court of Appeals' Ruling Disallows Cost of Lab...

In Autohaus LP, LLP v. Combs, a 2014 case involving the dealership and the Texas comptroller, a Travis County District Court judge ruled that the cost of

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Date: November 16, 2016

President-Elect Donald Trump: Possible Dealership Ta...

On November 8th, 2016, Donald Trump was elected the United States' 45th president. Although nothing is definitive at this time, President-elect Trump

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Date: September 19, 2016

Proposed Treasury Regulations Could Impact Dealers

Proposed regulations deal with the valuation of transfers of interests in family-controlled for estate, gift and generation-skipping transfer tax purposes.

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Date: August 30, 2016

New Overtime Rules Affect Dealers Nationwide

Significant changes have been made to the rules under the Fair Labor Standards Act (FLSA) of the U.S. Department of Labor (DOL) and will go into effect

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Date: March 09, 2016

Deadline Nearing for Automotive Parts Antitrust Liti...

The United Stated District Court for the Eastern District of Michigan authorized a Notice in re Automotive Parts Antitrust Litigation, No. 12-md-02311 that

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Date: March 01, 2016

Financial Incentives for “Green” Dealerships

One of the easiest “green” federal tax incentives to qualify for is the section 179D deduction. This provision allows for a current deduction of up to

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Date: February 08, 2016

PATH Act and Expanded Benefits for Real Property - A...

Many people interpret the term déjà vu as referring to an occurrence of the exact same events multiple times and to many this is exactly how the

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Date: April 29, 2015

Court Ruling Creates Possibility for Additional Cost...

In 2014, a Travis County District Court Judge ruled in the case of Autohaus LP, LLP v. Combs that the cost of goods sold deduction for Texas Franchise Tax

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Date: May 28, 2014

Dealership Facility Program Payments Tax Alert

On May 15, 2014, the Internal Revenue Service Office of Chief Counsel released some much anticipated guidance for automobile dealerships as it concerns

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Industry Issues



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2018 Year End Tax Planning Letter
It is hard to believe that the year is almost over, and the holiday season is...
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Targeted Improvements to Related Party Guidance for ...

On October 31, 2018, the Financial Accounting Standards Board (“FASB”)...
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Revenue Recognition: A Private Company Disclosure Guide
The Financial Accounting Standards Board issued Accounting Standards...
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WCSC-TV’s Live 5
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Warranty Woes in ...

Warranties seem
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