May 15, 2012On February 3, 2012, the U.S. Department of Labor issued the long-awaited final service provider fee disclosure regulation under Section 408(b)(2) of the Employee Retirement Income Security Act of 1974 (ERISA). The regulation requires certain service providers to make written disclosure of their services and fee arrangements to a responsible plan fiduciary. More
May 11, 2012Building Success in Real Estate: A compendium of articles and ideas from the real estate professionals at EisnerAmper LLP More
May 07, 2012Reputational risk such as IT risk, data security and risk management due to fraud are significant concerns for boards. Are your Boards using internal audit to address identified risks and what types of changes are they proposing to the Internal Audit function? Areas of risk managament that are Important to boards other than Financial Risk and the areas of Regulatory Compliance Risk. More
May 04, 2012California Apportionment Regulations. The California Franchise Tax Board has modified income tax apportionment rules that apply to the motion picture and television industries. The regulations expand the types of taxpayers that are subject to the special apportionment rules to the business of producing motion pictures and film. News and sports films were excluded from the old regulation and subject to tax under the income tax apportionment rules. More
May 01, 2012Your balance sheet is a report card like your income statement. From the balance sheet, you can create critical ratios for your dealership, such as its return on equity ROE. To calculate ROE, take net earnings and divide that amount by equity at the beginning of the year. To calculate the debt-equity ratio, take the total liabilities and divide them by the total equity at the end of the year. More
May 01, 2012Avoid Unwanted Stock in your Auto Dealership. Get the vehicles you want from your manufacturer instead of units that tie up your working capital. More-desirable inventory goes to dealerships with high customer satisfaction index (CSI) score. Maintaining high CSI scores can help avoid the problem of unwanted stock. Solutions to enhance an automotive dealership's profitability. More
May 01, 2012Estate planning and who should inherit your assets. For most auto dealerships, changes in family structure will impact estate planning. Careful planning with your tax advisor may help in structuring an estate plan. Tax law changes to keep an eye on are gift tax, and estate and generation-skipping transfer GST tax exemption reductions. Solutions to enhance an automotive dealerships profitability. More
May 01, 2012Dealer Digest discusses how to effectively manage online leads; a Ford executive’s recommendation that auto dealerships in large metro areas emulate auto dealerships in small towns; and an increasing share of the used-vehicle market for auto dealers. Urban Science suggests to respond to online inquiries quickly. Solutions to enhance an automotive dealership's profitability. More
April 30, 2012U.S. Banks and interest on deposits by nonresident aliens. IRS released regulations requiring reporting of interest on deposits maintained by nonresident alien individuals. Reporting institutions can rely on the permanent address provided on a valid IRS Form W-8BEN. The IRS is in process of finalizing regulations under the U.S. Foreign Account Tax Compliance Act FATCA. More
April 30, 2012Views and Opinions of Senior Private Equity Fund Executives in the U.S. The Pulse of Private Equity looks at the amount of time that private equity fund professionals spend on fund activities. Private equity firms' projected activity for new acquisitions is up and their outlook for fundraising is optimistic. This survey is on deal flow, debt financing, venture capital fund activities and more. More