Dealership News

New Deadline for Micro-Captive Transactions

Disclosure Statements Deadline Extended for Micro-Captive Insurance Transactions by Anita Anand, JD, Senior Manager The IRS recently issued Notice 2017-08, which extends the deadline for filing certain disclosure statements pertaining to certain micro-captive insurance transactions that have been identified by the IRS as “transactions of interest” in a prior IRS Notice (2016-66). The original filing…

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Sales Records Raise Dealership Values

What is Your Dealership Worth: A Guide to Dealership Valuation by Michael E. Stover, CPA/ABV After the industry’s near-death experience in 2008 and 2009, with the bankruptcy of Chrysler and General Motors and the precipitous drop in units sold from 17 million to near 10 million, dealership valuations dropped significantly. But valuations have rebounded sharply,…

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