Financial Protection Bulletin may Impact Your Dealership

When you become a lender, you knowingly enter into a well-regulated industry. Recently, the Consumer Financial Protection Bureau (CFPB) expanded the criteria by which you may be a lender, splitting potential lenders into direct and indirect lender categories. Therefore, your … Continued

Key Healthcare Provision Delayed

The Affordable Care Act has a number of provisions slated to go into effect beginning in 2014. However, one such provision has recently been delayed by the Obama Administration until 2015 – the Employer Mandate. The employer mandate requires employers … Continued

States Looking to Collect Sales Taxes May Target You

As state budgets continue to be crunched by reduced revenues, they are increasing their collection efforts for existing taxes. For many states, this includes a renewed vigor in assessing penalties for business entities not complying fully with existing sales tax … Continued

The Impact of the Healthcare Law on Dealers

When the Supreme Court upheld the Patient Protection and Affordable Care Act (PPACA) in June 2012, it set in motion a timeline of events that may have seemed far off, but are now imminent for America’s small business owners. Many … Continued

The Financial Component of Business Plans

The beginning of the year is an excellent time to consider preparing a business plan for your dealership. Although most dealers use a business plan to secure financing, it also can be a great tool to assist you in managing … Continued

Tax Changes Could Equal Big Hit for Dealers

Your tax situation could be altered significantly in 2013. This is due in part to President Obama’s FY 2013 budget and the impending end of the Bush tax cuts toward which we are hurtling. If either situation becomes realistic, your … Continued

Managing Your Cash Flow

When it comes to managing cash flow the key word is “enough.” Not having enough cash to handle obligations can create major difficulties and may even lead to a dealership’s demise. Being saturated in cash, however, may suggest poor management … Continued