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Compliance

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Articlesby Brian ShackelfordMay 23, 2011

Prevent Dealership Fraud with Continuous Monitoring

Author Brian Shackelford explains the difference between continuous auditing and continuous monitoring and discusses the use of continuous monitoring to ensure the effectiveness of internal controls and prevent fraud inside the dealership.

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Articlesby David Keller, CPA, CFEApril 18, 2011

Adding Profit Centers to Your Dealership

Industry expert, David Keller, discusses two profit centers dealers can add to dealerships to make 2011 a more profitable year—a detail department and a BHPH operation. He also discusses when BHPH dealers should set up a related finance company (RFC).

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Articlesby Tom HudsonApril 15, 2011

When Customer Relations Become Lawsuits

Attorney Thomas Hudson discusses how proactive customer relationship management can potentially avoid sticky legal situations in the future.

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Articlesby Tom HudsonMarch 30, 2011

Do I Hear a Squeaky Wheel

Attorney Thomas Hudson shares one dealer’s reaction to non-compliance in the dealership.

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Articlesby James L. "Butch" WilliamsMarch 9, 2011

Planning for the Small Business Health Insurance Credit

James L. "Butch" Williams, CPA, describes the health insurance credit available to small businesses in depth and even provides an example calculation.

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Articlesby Tom HudsonFebruary 23, 2011

Be Careful Around the Bird Dogs

The legalities surrounding bird-dog, or referral, programs vary from state to state. Attorney Tom Hudson reminds readers why it’s important to seek legal advice before implementing such programs.

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Articlesby Tom HudsonJanuary 26, 2011

Think Twice About Pricing a Car Based on Credit Quality

Thomas B. Hudson - What's a dealer to do in order to avoid an up-close-and-personal meeting with his state's AG? We recommend that dealers prominently price all their cars (as some state laws require). The price is the price, no matter who is buying or how they are paying.

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Articlesby David Keller, CPA, CFEJanuary 21, 2011

Keep Your Eye on Your Used Vehicle Department

David Keller - As more dealers rely on used vehicle sales since new sales are significantly down from years past, it’s important to keep your eye on used sales as new sales incrementally increase.

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Articlesby Tom HudsonDecember 27, 2010

You Think Selling Cars is Hard?

Deceiving and defrauding customers is one easy way to get the attention of your state attorney general. Tom Hudson details how and why one dealership paid big for engaging in illegal practices.

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Articlesby David Keller, CPA, CFEDecember 24, 2010

Concentration Counts

Managing two aspects of a business at once may seem like it saves you time, but Author David Keller points out that’s not the case in BHPH. Without 100-percent focus on the task of collections, repossessions and delinquency rates will increase dramatically and profitability will decrease quickly.

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