Auto Dealerships

Reasons why cash is king

In financial reporting, investors and business owners tend to focus on four key metrics: 1) revenue, 2) net income, 3)…

Internal audit 2.0: Paperless and continuous auditing trends

Technology is altering the traditional approach to internal audits. Instead of reviewing reams of paperwork, today’s auditor is learning to…

Management letters: Have you implemented any changes?

Audited financial statements come with a special bonus: a “management letter” that recommends ways to improve your business. That’s free…

Third Quarter Industry Newsletters

Quarterly collection of current topics, news alerts and industry updates.   Auto Dealerships Newsletter – September 26, 2019 Business Valuation…

Year-End Strategies to Reduce AGI

Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea. Here are ten ways to reduce your AGI…

Corporate governance in the 21st century

What’s the purpose of a corporation? For the last 50 years, the answer was “to maximize shareholder value.” But, on…

The untouchables: Getting a handle on intangibles

The average company’s balance sheet understates its value by 80%, according to Sarah Tomolonius, co-founder of the Sustainability Investment Leadership…

What to expect during a franchise audit

It’s important for franchisors to periodically audit individual franchisees. These routine “check-ups” are especially valuable in a store’s early years…

FAQs about CAMs

In July, the Public Company Accounting Oversight Board (PCAOB) published two guides to help clarify a new rule that requires…

Reporting Discontinued Operations

Financial reporting generally focuses on the results of continuing operations. But sometimes businesses sell (or retire) a product line, asset…