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Enforcement and Awareness - Key Tips to Prevent Cash Theft
By Marilou C. Vroman, CPA, CFE Yes, your dealership is at risk. Even the best run dealerships personnel with highest level of integrity...
Feb 25, 20213 min read
20 views


Safeguarding Your Dealerships’ Passwords
By Anthony Valdelamar In an age where the average person owns approximately 100 passwords to different accounts, what is the best way to...
Feb 16, 20213 min read
16 views


Loaner Agreements Are Useful if They Are Used
By Luis Deville When a loaner vehicle is lent to a customer, is your dealership keeping track of that vehicle? Does your dealership know...
Feb 2, 20212 min read
32 views


Taking Ownership of Your Largest Movable Asset
By Phil Villegas In continuing my theme of focusing on the fundamentals, I thought I’d focus on one of the most basic internal controls...
Jan 15, 20211 min read
13 views


New Year = New Withholding Beware of Fraudulent Withholding Schemes on the Rise
By Marilou C. Vroman, CPA, CFE Whether you choose to file your tax return by April 15th or file for an extension, your personal tax...
Jan 5, 20212 min read
15 views


New Year's Resolutions for You and Your Dealership
By Phil Villegas We are all seemingly looking to get 2020 behind us as the prospects of a more normal 2021 start to appear to be a...
Dec 28, 20201 min read
11 views


It’s No Holiday When Employees’ Responsibilities are Limited to One Individual
By Phil Villegas I’ve noticed certain reoccurring patterns in many of the dealerships I’ve had the opportunity to visit. There always...
Dec 17, 20202 min read
19 views


The Season for Parts Metrics
By Marilou C. Vroman, CPA, CFE As we approach the year end, many dealership’s parts departments are getting more attention than normal....
Dec 7, 20203 min read
19 views


It’s Parts Physical Inventory Season – Steps to Take Now for Great Results
By Marilou C. Vroman, CPA, CFE As the year comes to an end, many dealers start preparation for the annual tasks that go along with turkey...
Nov 18, 20202 min read
33 views


Third-Party Funds Authorization Forms Help Protect Dealers
By Phil Villegas We can all agree there is already more than enough paperwork in current vehicle deal files, with the average vehicle...
Nov 12, 20202 min read
11 views


Mysteries Within the Balance Sheet
By Marilou C. Vroman, CPA, CFE Mysteries at the Museum – for those who have seen the show, you know everything has a back story. This is...
Nov 3, 20202 min read
19 views


2020 Tailwinds May Lead to Turbulence in Years to Come
By Phil Villegas The apparent exuberance by which some buyers are approaching dealership acquisitions in the current market leaves me...
Oct 28, 20203 min read
36 views


Will You Be the PPP Early Bird or the Second Mouse?
By Marilou C. Vroman, CPA, CFE As quoted by James Paxman, “The early bird gets the worm, but it’s the second mouse that gets the cheese.”...
Oct 21, 20202 min read
11 views


To Know Where You Are Going, You Need to Know Where You Stand.
By Luis Deville Numbers are the language of business. Numbers are mainly used to count, measure and label. Dealers and store managers use...
Oct 15, 20202 min read
25 views


Mandatory Vacations - A Good Internal Control or Just Textbook
By Marilou C. Vroman, CPA, CFE As controllers, CFOs, and dealership auditors, we have heard it many times before – “Require mandatory...
Oct 8, 20202 min read
189 views


When it Comes to Health, There is Strength in Numbers
By Marilou C. Vroman, CPA, CFE A dealer and his loyal CPA and family attorney typically form a bond over the years in a relationship that...
Sep 29, 20203 min read
11 views


Normalization of Earnings is Essential to Privately Held Dealerships, Even if You are Not Selling
By Phil Villegas For most dealers, knowing what their dealership has earned in profit is a simple matter of looking at their dealer...
Sep 23, 20203 min read
41 views


Dealers and OEMs Entice Their Customers to Buy. Your Vendors Should Do the Same to You.
By Luis Deville The year 2020 will certainly be remembered for COVID-19, and as a result, may also be remembered as a period of...
Sep 16, 20202 min read
17 views


When Buying a Dealership, Have Seller “Add-Backs” Properly Reviewed
By Phil Villegas For the past 15 plus years, a fair amount of the work I’ve personally been involved with relates to dealership buy/sells...
Sep 11, 20202 min read
18 views


New Normal = New Risks
By Marilou C. Vroman, CPA, CFE In strange times, people do strange things. The last six months have been nothing short of challenging,...
Sep 3, 20202 min read
37 views
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