2020
Showing 529–544 of 589 results
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Dealership Management Systems – Shaping your own “Mission Control Center”
January / February 2020
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 686
Abstract: This article explores acquiring a new DMS, and offers guidance on where to start, what popular features are available and how to avoid overspending.
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How to get the most out of your financial statements
January / February 2020
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 865
Abstract: Improving financial performance is a top priority for dealership owners. CPA-prepared financial statements can help by identifying financial and operational deficiencies and discovering areas for cutting costs and generating sales. To reap these benefits, dealers must learn how to glean the information that will be most valuable. This article discusses how to examine the balance sheet, income statement, and statement of cash flows. A sidebar highlights common areas where dealerships may improperly report financial information.
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Bank Wire
Winter 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 487
Abstract: This summary of recent developments in banking looks at the implications for banks of a statement issued in July 2019 by the federal banking agencies: Joint Statement on Risk-Focused Bank Secrecy Act / Anti-Money Laundering Supervision. It also points out that the Federal Deposit Insurance Corporation (FDIC) recently finalized its community bank leverage ratio framework and discusses the framework’s requirements for community banks. In addition, the article explains the importance of avoiding potential director liability in connection with individual loan approvals and notes some recent FASB-approved CECL and lease accounting delays.
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Does your website comply with Truth-in-Lending regulations?
Winter 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 628
Abstract: A bank’s website may serve a variety of purposes, but ultimately it’s a form of advertising. That means that any descriptions of a bank’s loans, credit cards and other lending products on the site must comply with the Truth in Lending Act and Regulation Z. This article points out that, over the past few years, regulators and potential litigants have been scrutinizing banks’ websites to identify potential compliance violations. The article notes that it’s a good idea for bankers to review their websites and correct any problems before they become the subject of an examination or lawsuit.
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Dig deeper to avoid fraudulent financial restatements
Winter 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 612
Abstract: To ensure that corrections aren’t covering up fraudulent activity, it’s important for community bank lenders to take a second look when their borrowers present them with financial restatements. While a careless mistake isn’t necessarily unethical, this article uses a hypothetical example to illustrate how bad accounting can easily slide into fraud — whether intentional or unintentional. It suggests that lenders need to carefully evaluate borrowers’ financial restatements so that their banks can head off potential bad loans before they happen.
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LIBOR no more: How to prepare for the rate’s expected demise
Winter 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 908
Abstract: For decades, financial institutions around the world have used the London Interbank Offered Rate (LIBOR) as a reference interest rate for loans and other financial instruments. But over the last several years, the marketplace has lost confidence in LIBOR for several reasons. This article explains that LIBOR will likely be discontinued after 2021 and that a global effort is currently underway to identify alternative reference rates. It notes the importance of working with the bank’s advisors to identify an appropriate reference rate for the bank — drafting fallback language that reflects the bank’s particular circumstances.
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3 ways to compete with online car sellers
Winter 2020
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 427
Abstract: Online car sellers like Carvana, TrueCar and CarsDirect have become major competitors of traditional brick-and-mortar dealerships. As a result, some dealerships are rethinking how they do business. This article offers three tips for competing successfully with online car sellers.
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Should you promote managers internally or hire from outside?
Winter 2020
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 570
Abstract: A dealership’s success hinges on hiring a strong general manager and strong department managers for new and used vehicle sales, parts and service, and F&I. There are two main approaches a dealer-owner can take when hiring managers: Bring them in from the outside or promote existing employees into management positions. This article weighs the pros and cons of each option.
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Dealership Management Systems – Shaping your own “Mission Control Center”
Winter 2020
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 868
Abstract: This article explores acquiring a new DMS, and offers guidance on where to start, what popular features are available and how to avoid overspending.
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How to get the most out of your financial statements
Winter 2020
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 865
Abstract: Improving financial performance is a top priority for dealership owners. CPA-prepared financial statements can help by identifying financial and operational deficiencies and discovering areas for cutting costs and generating sales. To reap these benefits, dealers must learn how to glean the information that will be most valuable. This article discusses how to examine the balance sheet, income statement, and statement of cash flows. A sidebar highlights common areas where dealerships may improperly report financial information.
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Weak damages evidence can mean nominal damages
January / February 2020
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 444
Abstract: A start-up company lost out on a jury’s $4.35 million lost profits award in a breach of contract action after a federal court found its expert’s “yardstick” analysis faulty. This article explains what happened, why the U.S. Court of Appeals for the Second Circuit upheld a $1 damages award and how the case may apply to other clients who rely on financial experts to quantify economic damages.
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Marroquin v. Marroquin – Evaluating goodwill for a one-person business
January / February 2020
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 610
Abstract: In divorce cases, the treatment of a closely held business’s “goodwill” varies from state to state. It also depends on the nature of the business. This article discusses the concept of goodwill in a divorce context and highlights a recent Utah appeals court case which determined that there was no enterprise (institutional) goodwill in a business that entirely depended on the owner-spouse’s efforts and reputation.
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Control risk with a comprehensive ERM program
January / February 2020
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 621
Abstract: Business owners can’t eliminate all risk factors. But they can manage their company’s risk profile by implementing an Enterprise Risk Management (ERM) program. This article explains how financial experts can help business owners adopt an integrated approach to assess and manage fraud risk.
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To tax-affect or not to tax-affect – Valuing pass-through businesses
January / February 2020
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: The debate in valuation circles over tax-affecting — reducing a pass-through entity’s projected future income for hypothetical corporate income taxes on that income — has heated up in recent years. This article outlines arguments for and against tax-affecting. It also explains how recent tax law changes may have leveled the playing field between C corporations and pass-through entities. A sidebar summarizes a recent case in which the U.S. Tax Court allowed tax-affecting methodology to account for the tax consequences of pass-through status.
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Tax calendar
January 2020
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 400
Abstract: This calendar notes important tax deadlines for the first quarter of 2020.
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Do you know your tax bracket?
January 2020
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 234
Abstract: The Tax Cuts and Jobs Act generally reduced individual tax rates through 2025, but some taxpayers have actually seen their taxes go up because of reductions or eliminations of certain tax breaks. This brief article explains why it’s important for taxpayers to know their brackets.