Spring 2018
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221 S. Warren St., Syracuse, NY 13202 | (315) 472-9127 |
Dannible & McKee, LLP provides automotive dealerships with a full range of audit, tax and consulting services. Our skilled team understands the specific factors involved in operating a profitable dealership, so whether you are a single franchise or large multi-franchise operation, our experts will provide you with the specialized services you need to become even more successful. Because of our extensive experience in this industry, you can always expect high-quality financial and consulting services.

For assistance or more information, please contact Karl Jacob, CPA/PFS, CFP®, CDA at (315) 472-9127 or and let us know how we can be of service.

How will the new tax law affect fringe benefits?

Less-publicized elements of the TCJA that could have a consequential impact on dealerships include the tax treatment of employee fringe benefits. This article explains provisions that limit meal and entertainment deductions, repeal the transportation benefits deduction and curb achievement award deductions. A new family and medical leave credit also is discussed. A sidebar highlights changes that affect moving expenses and onsite gyms.

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Technology — Using tablets to gain a competitive edge

In today’s environment, auto dealerships should use technology to maximize their competitive advantage. The increasing use of tablets is a good example of how some dealerships are reducing paperwork and enhancing customer satisfaction through available electronic tools. This article includes a discussion of the possible uses of tablets on the sales floor and in the F&I and service departments.

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Could this be your exit strategy? — Employee stock ownership plans have their pros and cons
ESOPs can be an effective succession planning vehicle for dealership owners who want to pass their business on to employees, instead of selling on the open market. This article explores the potential benefits and drawbacks of these arrangements.

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Take time to plan your dealership’s future
Strategic planning is key to a business’s long-term viability. But amidst the grind of daily operations, many dealership owners can’t or don’t take the time to do it. This article spotlights some specific ways to engage in strategic planning that can help drive ongoing success, including targeting the competition, surveying vehicle stock and performing a business analysis.

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This publication is distributed with the understanding that the author, publisher and distributor are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and accordingly assume no liability whatsoever in connection with its use. ©2018 • AFCsp18