There are many tax changes effecting dealerships and related industries, including those under the Tax Reform Act. The business model of a dealership lends itself to unique tax issues. This session aims to create an understanding of the tax history of the industry that is still relevant today and discuss its future under our current climate.
Participants will be able to:
1. Review and discuss the applicable tax issues of the dealer industry.
2. Identify key aspects of tax reform and their impact on industry.
3. Understand the variety of accounting method available to dealers and their application.