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| 221 S. Warren St., Syracuse, NY 13202 | | | (315) 472-9127 | | | www.dmcpas.com |
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Dannible & McKee, LLP provides automotive dealerships with a full range of audit, tax and consulting services. Our skilled team understands the specific factors involved in operating a profitable dealership, so whether you are a single franchise or large multi-franchise operation, our experts will provide you with the specialized services you need to become even more successful. Because of our extensive experience in this industry, you can always expect high-quality financial and consulting services. For assistance or more information, please contact Karl Jacob, CPA/PFS, CFP®, CDA at (315) 472-9127 or kjacob@dmcpas.com and let us know how we can be of service. |
What does the new tax law mean for dealerships? — Expanded breaks, new credits and lower rates are among the pluses |
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The legislation commonly known as the Tax Cuts and Jobs Act of 2017 (TCJA) creates a new playing field on which dealerships can execute future tax strategies. This article discusses benefits of the new legislation for pass-through dealerships, hefty changes for bonus depreciation and the permanent enhancement of the Sec. 179 deduction. A sidebar highlights other significant changes affecting businesses. Read More |
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Is it time to review your sales compensation plan? |
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There’s never a bad time for an auto dealership to review its sales compensation plan. This article spotlights a popular sales compensation model that combines base salary with performance-based add-ons. The article also provides suggestions about researching and constructing a compensation plan for sales staff. Read More |
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| 6 steps to upgrading data security | |
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The massive data breach at Equifax in 2017 — in which personal information on an estimated 146 million Americans was exposed to hackers — should serve as a wake-up call to all businesses about the importance of data security. This article offers proactive measures for auto dealerships, which generally possess a gold mine of customer information that data thieves would love to steal. Read More |
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| Casualty losses: A lighter side to disasters | |
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A dealership hit by a hurricane, flood or other natural disaster may be able to deduct casualty losses on its federal income tax return. This article discusses what does and doesn’t qualify as a casualty loss, and how a dealer-owner would calculate it. A special tax break for 2017 hurricane victims also is highlighted. Read More |
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