Articles by Rex A Collins - CPA

Rex Collins Rex Collins
CPA
Somerset CPAs

Warranty Audits: Keeping your Dirty Dozen Clean

Friday, September 01, 2006
Rex Collins - Dealers should remember that a technician is supposed to perform the appropriate documentation, not a service advisor.

Expensive Theft Schemes in Dealerships

Friday, September 01, 2006
Rex Collins - Internal theft is big business. It is estimated that the cost to each employer is $9 per day per employee...

Many Dealers Remain Confused About Taxability of Demonstrators

Thursday, August 31, 2006
Rex Collins - If the employee provided the use of a demonstrator automobile is not a full-time salesperson, the full exclusion...

The FTC's Safeguards Rule And Combating Identity Theft

Monday, August 21, 2006
Rex Collins - Credit applications can be sold for between $30 and $60, and depending on the quality of the applicant, as much as $500...

Is A Related Finance Company Right For You?

Monday, August 21, 2006
Such companies serve many valid business purposes and were utilized before any tax advantage scheme was offered.

IRS: Heavy-Duty Pickups May Be Tractors

Monday, August 21, 2006
Rex Collins - In August 2004, the IRS decided that heavy-duty pickups such as the Ford 400 and 500 series vehicles ... might be tractors.

Year End Tax Planning Ideas For Dealers And Their Dealership

Monday, August 21, 2006
Rex Collins - The IRS is allowing dealers to treat these payments as “trade discounts” for tax purposes...

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