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Rex A Collins

CPA

Articlesby Rex A CollinsSeptember 1, 2006

Expensive Theft Schemes in Dealerships

Rex Collins - Internal theft is big business. It is estimated that the cost to each employer is $9 per day per employee...

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Articlesby Rex A CollinsSeptember 1, 2006

Warranty Audits: Keeping your Dirty Dozen Clean

Rex Collins - Dealers should remember that a technician is supposed to perform the appropriate documentation, not a service advisor.

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Articlesby Rex A CollinsAugust 31, 2006

Many Dealers Remain Confused About Taxability of Demonstrators

Rex Collins - If the employee provided the use of a demonstrator automobile is not a full-time salesperson, the full exclusion...

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Articlesby Rex A CollinsAugust 21, 2006

Year End Tax Planning Ideas For Dealers And Their Dealership

Rex Collins - The IRS is allowing dealers to treat these payments as “trade discounts” for tax purposes...

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Articlesby Rex A CollinsAugust 21, 2006

IRS: Heavy-Duty Pickups May Be Tractors

Rex Collins - In August 2004, the IRS decided that heavy-duty pickups such as the Ford 400 and 500 series vehicles ... might be tractors.

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Articlesby Rex A CollinsAugust 21, 2006

Is A Related Finance Company Right For You?

Such companies serve many valid business purposes and were utilized before any tax advantage scheme was offered.

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Articlesby Rex A CollinsAugust 21, 2006

The FTC's Safeguards Rule And Combating Identity Theft

Rex Collins - Credit applications can be sold for between $30 and $60, and depending on the quality of the applicant, as much as $500...

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