News
News
News

Inventory Price Index Computation (IPIC) on LIFO for Automobile Dealerships
By Scott Lewis, CPA, MSA Inventory Price Index Computation (IPIC) on LIFO for Automobile Dealerships If an automobile dealership has elected New Vehicle LIFO (Last-in,

LIBOR Changes SOFR/BSBY
By Debra Hogan Changes are fast approaching and here is what you need to be aware of. Why the changes? After the 2008 financial crisis

Robert B. Morrison to Retire as Firm Leader of Business Advisory Services
Robert “Bob” Morrison, FASA, BV/IA, former Firm Leader of Rosenfield and Company, PLLC’s Business Advisory Services Team will effectively be retiring as of December 30th,

U.S. House of Representatives Pass Build Back Better Act
By Zach Wimberger On November 19, 2021, the House of Representatives passed the Build Back Better Act (“BBBA”) for advancement to the Senate. Included in

LIFO For Auto Dealerships In 2021: Is Relief On The Way?
By Zach Wimberger For dealers on the new vehicle Last-In, First-Out (LIFO) method, potentially significant levels of LIFO taxable income recapture from prior years have