ADM Article Headlines Legal & Accounting Expertshttp://www.AutoDealerMonthly.com/Top 10 Article Headlines Legal & Accounting ExpertsCopyright 2011 Auto Dealer Monthly CCU RSS Feed V1.0Sun, 12 Feb 2012 19:48:03 GMTen-usReview of Year-End Tax and Financial Statement Preparationhttp://www.AutoDealerMonthly.com/79/4404/ARTICLE/Review-of-Year-End-Tax-and-Financial-Statement-Preparation.aspxhttp://www.AutoDealerMonthly.com/79/4404/ARTICLE/Review-of-Year-End-Tax-and-Financial-Statement-Preparation.aspxDavid Keller, CPA, CFEWed, 01 Feb 2012 15:13:42 GMTYear-end at an automotive dealership is undoubtedly the most stressful time the accounting office experiences. Accountant David Keller discusses measures dealers can take to lessen the stress at year-end and prepare for their CPA’s year-end fieldwork.When the Cops Aren’t the Copshttp://www.AutoDealerMonthly.com/79/4391/ARTICLE/When-the-Cops-Aren-t-the-Cops.aspxhttp://www.AutoDealerMonthly.com/79/4391/ARTICLE/When-the-Cops-Aren-t-the-Cops.aspxThomas B. Hudson, Esq.Thu, 26 Jan 2012 14:30:47 GMTRecent fraudulent emails to dealerships purporting to be from the FTC prompt attorney Tom Hudson to issue a word of caution to dealers: Make sure any "authorities" who approach the dealership are the real thing before taking any action.Arbitration Agreements Can be Helpful in Class Action Lawsuitshttp://www.AutoDealerMonthly.com/79/4369/ARTICLE/Arbitration-Agreements-Can-be-Helpful-in-Class-Action-Lawsuits.aspxhttp://www.AutoDealerMonthly.com/79/4369/ARTICLE/Arbitration-Agreements-Can-be-Helpful-in-Class-Action-Lawsuits.aspxThomas B. Hudson, Esq.Mon, 26 Dec 2011 14:00:00 GMTThe best first line of defense against class action suits is the practice of requiring consumers to sign mandatory arbitration agreements as part of the car purchase and finance transactions they enter into. Attorney Thomas Hudson provides an example of how the use of arbitration agreements saved the day when the class action lawyers came calling.Identifying Your BHPH and RFC Trendshttp://www.AutoDealerMonthly.com/79/4353/ARTICLE/Identifying-Your-BHPH-and-RFC-Trends.aspxhttp://www.AutoDealerMonthly.com/79/4353/ARTICLE/Identifying-Your-BHPH-and-RFC-Trends.aspxDavid Keller, CPA, CFEWed, 07 Dec 2011 14:00:00 GMTAccountant David Keller, CPA and CFE, details how buy here pay here sales and collections and having a related finance company (RFC) can complicate accounting.Flying Under the Radarhttp://www.AutoDealerMonthly.com/79/4341/ARTICLE/Flying-Under-the-Radar.aspxhttp://www.AutoDealerMonthly.com/79/4341/ARTICLE/Flying-Under-the-Radar.aspxThomas B. Hudson, Esq.Wed, 30 Nov 2011 14:00:00 GMTDealers who ignore rules and regulations they’re required by law to comply with and instead hope to fly under the radar unnoticed by the Federal Trade Commission and Consumer Financial Protection Bureau might want to ask themselves the following questions posed by Attorney Tom Hudson in this article.Making a List and Checking it Twicehttp://www.AutoDealerMonthly.com/79/4366/ARTICLE/Making-a-List-and-Checking-it-Twice.aspxhttp://www.AutoDealerMonthly.com/79/4366/ARTICLE/Making-a-List-and-Checking-it-Twice.aspxNicole MunroSun, 27 Nov 2011 18:38:00 GMTSanta isn’t the only one making a list and checking it twice this time of year. The CFPB and the FTC are making lists that will be used to determine who is naughty and who is nice. Attorney Nicole Munro poses some questions dealers should consider to put together their own compliance checklists.Third-Party Relationships Require Close Attention to Detailhttp://www.AutoDealerMonthly.com/79/4326/ARTICLE/Third-Party-Relationships-Require-Close-Attention-to-Detail.aspxhttp://www.AutoDealerMonthly.com/79/4326/ARTICLE/Third-Party-Relationships-Require-Close-Attention-to-Detail.aspxChip ZyvoloskiThu, 10 Nov 2011 14:56:07 GMTThere are risks involved with all third-party relationships. Chip Zyvoloski, senior attorney within the Indirect Lending business at Wolters Kluwer Financial Services, explains that to protect the dealership’s reputation, dealers should complete due diligence on your third-party vendors. Cobweb Compliancehttp://www.AutoDealerMonthly.com/79/4308/ARTICLE/Cobweb-Compliance.aspxhttp://www.AutoDealerMonthly.com/79/4308/ARTICLE/Cobweb-Compliance.aspxThomas B. Hudson, Esq.Fri, 28 Oct 2011 17:19:38 GMTAttorney Thomas Hudson poses two scenarios about how dealers comply with the Safeguarding Rule. One scenario is about a dealer who initially had good intentions but allowed compliance cobwebs to build up, the other is about a dealer who implements and maintains a compliant process.Disclosures in Auto Finance - Lesson 2: Application Disclosureshttp://www.AutoDealerMonthly.com/79/4345/ARTICLE/Disclosures-in-Auto-Finance---Lesson-2--Application-Disclosures.aspxhttp://www.AutoDealerMonthly.com/79/4345/ARTICLE/Disclosures-in-Auto-Finance---Lesson-2--Application-Disclosures.aspxNicole MunroTue, 25 Oct 2011 17:04:00 GMTAttorney Nicole Munro discusses disclosures required by the Equal Credit Opportunity Act and its implementing Regulation B, along with the Fair Credit Reporting Act, when a consumer applies for secured credit.Inventory Management Is Really Cash Managementhttp://www.AutoDealerMonthly.com/79/4195/ARTICLE/Inventory-Management-Is-Really-Cash-Management.aspxhttp://www.AutoDealerMonthly.com/79/4195/ARTICLE/Inventory-Management-Is-Really-Cash-Management.aspxDavid Keller, CPA, CFEWed, 05 Oct 2011 14:28:26 GMTDo you watch and calculate how many times your inventory turns each year? Do you know what your return on inventory investment is? David Keller, automotive industry accounting expert, explains how to determine these things and more.