Discussion:Auto dealership industry
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Discussion Forum Index --> Tax Questions --> Auto dealership industry
| 2007-03-27 | |
| A client is setting up an auto dealership (new cars) corporation. Does anyone know major special treatments for tax/accounting purposes at setup stage & business operation? | |
| 27 March 2007 | |
| Funny I was just researching this today. Try www.autocpa.com.
http://www.rosenfieldandco.com/areas.html offers seminars. | |
| 2007-03-27 | |
| I found a guidebook from PPC, Specialized Industry Tax Guide. It has a section for USED CAR DEALERS. | |
| 27 March 2007 | |
| Is the car dealer a member of a local Independent auto dealers association? They have a wealth of information. As well, does the client hold the receivables on the vehicles he sells? Another animal altogether if he has an inventory with "floor" and with some other areas on holding a receivable.... | |
Bottom Line (talk|edits) said: | 27 March 2007 |
| The OP says NEW CARS. Never seen a new car dealer that held its own paper. These are usually handled through the manufacturer and local banks. The client probably has a contact with the manufacturer that handles all the "how to's" of a new dealership. | |
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