Headlights: Winter 2022

A publication of the Auto CPA Group www.autocpa.com | 1-800-4autocpa Finance Department Profitability Aaron Winiarz, CPAAaron Winiarz A proactive and profitable finance department is a…

Inventory Price Index Computation (IPIC) on LIFO for Automobile Dealerships

By Scott Lewis, CPA, MSAIf an automobile dealership has elected New Vehicle LIFO (Last-in, First-Out), chances are that they are using the Alternative New Vehicle…

LIFO For Auto Dealerships In 2021: Is Relief On The Way?

By Zach WimbergerFor dealers on the new vehicle Last-In, First-Out (LIFO) method, potentially significant levels of LIFO taxable income recapture from prior years have become…

Now What? Insight into Navigating the Automotive Industry’s Inventory Shortages in the Aftermath of the COVID-19 Pandemic

By Ken Rosenfield, CPAAs we approach the final few months of 2021, we are receiving an influx of calls and emails from our automotive dealer…