auto dealer in black and red logo
MenuMENU
SearchSEARCH

Compliance

Ad Loading...
Articlesby Jennifer Murphy BloodworthNovember 5, 2010

Fuel Economy Advertising for New Automobiles

Compliance is a constant source of stress and concern for dealers, with a huge number of rules and regulations to adhere to. Auto Dealer Monthly offers a brief summary of one of those issues, Fuel Economy Advertising for New Automobiles. Please note, this is not legal advice and dealers should always seek the assistance of qualified legal counsel.

Read More →
Articlesby Jennifer Murphy BloodworthNovember 5, 2010

Form 8300 and Reporting Cash Payments of Over $10,000

Auto dealers face a multitude of compliance issues on a daily basis. Here is brief summary of one of those issues, Form 8300 and Reporting Cash Payments of Over $10,000. Please note, this is not legal advice and dealers should always seek the assistance of qualified legal counsel.

Read More →
Articlesby Jennifer Murphy BloodworthNovember 5, 2010

Office of Foreign Assets Control (OFAC)

Auto Dealer Monthly presents a brief summary of one of the many compliance issues that affect dealers, the Office of Foreign Assets Control (OFAC). Please note, this is not legal advice and dealers should always seek the assistance of qualified legal counsel.

Read More →
Ad Loading...
Articlesby Jennifer Murphy BloodworthNovember 5, 2010

19 Laws, Rules and Regulations That Can Cost You More Than Money

Jennifer Murphy - In an effort to alleviate some of the stress caused by trying to understand the compliance issues dealers must contend with, here are 19 laws, rules and regulations summarized (along with potential penalties for breaking them and helpful links to useful information).

Read More →
Articlesby Tom HudsonOctober 22, 2010

VSI Catch 22

Thomas B. Hudson - Joseph Heller’s 1961 World War II novel, “Catch 22,” dealt with the rules that governed how many deadly missions B-25 pilots had to fly before they could go home. I’ll bet Mr. Heller never envisioned that the phrase would be used in connection with the sale of VSI insurance in an auto finance transaction.

Read More →
Articlesby David Keller, CPA, CFEOctober 15, 2010

Are You Really Managing Your Inventory?

David Keller - After reviewing many dealerships’ financial statements over the last six months, it seems the used vehicle department is the king of profits and volume. Most dealers, with new vehicle sales still depressed, are selling more used vehicles than ever. It is more important than ever to manage your vehicle inventories.

Read More →
Ad Loading...
Articlesby Tom HudsonSeptember 22, 2010

Worse than Worthless

Thomas B. Hudson - Life is difficult enough when you at least know what you don’t know. But when you don’t know what you don’t know, life gets downright dangerous.

Read More →
Articlesby David Keller, CPA, CFESeptember 20, 2010

Health Care Reform’s Tax Provisions

David Keller - The massive health care legislation, signed into law by President Obama, contains provisions that will affect every employer, but the timing of different pieces of the legislation ranges from items that apply immediately in 2010 to a variety of tax increases that become effective from 2011 to 2018.

Read More →
Articlesby Lon LeneveAugust 31, 2010

Avoid Conspiracies to Commit Fraud in a Down Economy

Lon Leneve - Employee fraud is a recurrent problem in dealerships. The three factors that cause an employee to commit fraud are discussed, as is the importance of implementing a fraud policy.

Read More →
Ad Loading...
Articlesby Tom HudsonAugust 24, 2010

Worms Are Simple

Thomas B. Hudson - If you’re running a bait shop, life is pretty simple. You keep the frozen bait frozen, the fresh bait cold and the live bait alive. If you screw it up, you lose some bait.

Read More →