In this episode of Up to Speed, Kevin McCarty , Senior Tax Manager with Baker Tilly’s dealerships team, offers guidance on year-end tax planning and strategies for dealerships.
- How to prepare your dealership’s books
- Ways to lower your taxable income
- What deductibles your dealership may qualify for
- Status of last in, first out (LIFO)
- Exploration of 163(j) interest limitations
- Other tax changes that could impact your dealerships