ARTICLES

Click on any article to read in PDF format.

June 10, 2010
INDEPENDENT CONTRACTOR OR EMPLOYEE?
It's a complex issue to determine if a worker is an independent contractor or an employee. This article helps to define the two and discusses compliance with the IRS. READ MORE»

May 12, 2010
THE FIX IS IN - OR SHOULD IT BE CUT OUT?
This article is geared to dealers who also have a related finance company. At a BHPH it is often a struggle to have customers pay the money owed on their note when their vehicle manfunctions. READ MORE»

April 1, 2010
$$$ HOW TO GET CASH FOR HIRING NEW EMPLOYEES $$$
As the economy shows small signs of recovery, the federal government enacted the Hiring Incentives to Restore Employment (HIRE) Act. This act provides several incentives to small businesses which can amount to some significant savings. READ MORE»

March 5, 2010
BHPH CASH FLOW ISSUES
BHPH is a very challenging business for all the reasons that make you love to go to work and love to go home at the end of the day. One area that many dealers either do not realize or do not fully understand is how Cash Flow is effected by operating a BHPH. READ MORE»

February 23, 2010
YOU CAN TAKE A CHARITABLE DEDUCTION FOR 2009 FOR HAITI CONTRIBUTIONS
Everyday we try to help dealers find ways to minimize taxes and increase profitability. One area that the federal government has been very liberal with is charitable contributions. READ MORE»

January 15, 2010
IS YOUR DEALERSHIP OUT OF CONTROL?
Most dealers are as low on staff and have more people cross utilized than ever before. This was part of a survival plan for most dealers, and rightfully so. READ MORE»

December 15, 2009
SBA FLOOR PLAN FINANCING- WILL IT EVER WORK?
In July of 2009 the Small Business Administration (SBA) developed a plan to help dealers with their floor plan financing. Unfortunately as you are probably aware, the program was not well received and only a handful of loans have been made nation wide. READ MORE»

December 10, 2009
MERRY CHRISTMAS! YOU MAY BE ABLE TO CARRYBACK LOSSES!
2009 was a particularly challenging year. Everything seemed to go wrong for dealers. As you sit back and look at the results of the 4th quarter and the year in total, you may find that you have a tax loss. So what now? READ MORE»

October 22, 2009
A COLD WINTER, A COLDER SPRING FOR DEALERS?
Fall is here and winter is fast approaching. We cast the pumpkins in the trash along with our Cash for Clunkers banners and are wondering what will happen in the near future. From a technical perspective we are probably at the bottom or just barely coming out of this economic abyss, but what does that mean? READ MORE»