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Articles for category Dealerships



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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. This guide

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Lease Update: Impact to Dealerships

In February, 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standard Update (ASU 2016-02) that amends the accounting

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Cybersecurity Considerations for Automotive Dealers

Dealerships are not immune to the cybersecurity threats that continue to dominate news headlines. DHG’s cybersecurity work with dealers suggests that many

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Understanding Your Financial Statements

As department managers, how many of you spend time reviewing your department’s financial statements each month? To many, this might seem like a cumbersome

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Warranty: Changing your Outlook

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

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Strengthening Internal Controls to Prevent Fraud

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

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Steps to Reduce Exposure to Penalties from Non-Compl...

The Department of Defense (DOD) issued an interpretive rule on December 14, 2017, which removes the motor vehicle exclusion qualification (stipulated in

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Top 10 List of Provisions Included in 2017 Tax Reform

Though there are many moving parts in the new tax law with the potential to affect businesses and individuals to varying degrees, this article highlights

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Unpacking the Nuances of Factory Facility Program Ta...

Facility upgrades remain a tax compliance hot button for dealers nationwide – particularly as a large portion of manufacturers encourage them through

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Consider Accounting Office Consolidation at Your Mul...

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

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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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Have You Heard of...
WCSC-TV’s Live 5
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Warranty Woes in ...

Warranties seem
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