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