FTC Safeguards Rule Checkup: Is Your Dealership’s Customer Data Program Ready?
Dealerships collect a significant amount of sensitive customer information through the sales, financing, and leasing process. Credit applications, income details, Social Security numbers, account information, insurance records, and lender communications may all pass through the store before, during, and after a transaction. That makes data protection more
Retainage and Receivables Before Winter: Improving Cash Flow Before Year-End
For many contractors, fall is a natural time to take a closer look at cash flow. Project schedules may be shifting, weather can begin to affect field activity, and year-end reporting is quickly approaching. Before winter arrives, contractors have an opportunity to review receivables, retainage, change orders, and slow-paying projects while there is still time [
The Business That Can Survive Its Owner
In many private companies, the owner remains at the center of nearly everything. They maintain key customer relationships, approve pricing, handle major decisions, solve daily problems, and carry years of institutional knowledge that may not exist anywhere else in the business. That level of involvement often comes from commitment and experience. Owners k
Form 8300 Cash Reporting: A Year-End Deal Jacket Self-Audit
Large cash transactions are not unusual in the dealership environment. Customers may use currency, cashier’s checks, money orders, bank drafts, or other payment methods as part of a vehicle purchase, down payment, lease transaction, or related add-on. When those payments cross certain thresholds, Form 8300 reporting requirements can become part of the complia
Backlog Quality vs. Backlog Quantity: What Your 2027 Pipeline Is Really Telling You
A strong backlog can give contractors and developers confidence heading into future years. It can signal market demand, support bonding discussions, and help leadership plan for staffing, equipment, and cash flow. But backlog size alone does not tell the full story. As companies look ahead to their 2027 pipeline, the more important question may be [&helli
Succession Planning Is a Business Strategy, Not an Exit Plan
Succession planning often gets pushed until an owner is seriously considering stepping away. By then, some of the hardest decisions may already be urgent. The strongest plans start earlier, while there is still time to develop leaders, clarify authority, and strengthen the way the business operates today. For many privately held and family-owned businesse
LIFO Inventory Planning in a More Volatile Vehicle Market
Vehicle inventory has become harder to predict. Dealers are managing changing supply levels, elevated vehicle costs, shifting incentives, tariff-related pricing pressure, and the normal challenges that come with model-year transitions. For dealerships using the LIFO inventory method, these factors can have a meaningful impact on year-end tax planning. LIF
Construction KPIs That Give Contractors a Clearer View of Performance
Construction leaders make decisions in an environment where small changes can have a large impact. A delay in billing, a shift in material costs, or a job that performs differently than estimated can quickly affect profitability and cash flow. Financial statements remain important, but contractors often need more timely, targeted information to understand how t
NIL Deals Can Create Real Tax Responsibilities
Name, image, and likeness opportunities have opened new doors for student-athletes. From brand endorsements and social media promotions to camps, appearances, and merchandise agreements, NIL income can be an exciting way for athletes to benefit from their hard work and visibility. But with that income comes a responsibility many young athletes and familie
Did Anything Slip Through? A Free Forum Built to Help Bankers Find Out
Ask a compliance officer how many new rules, guidance updates, and enforcement actions crossed their desk this year, and you may hear an honest answer: “I’m not entirely sure I caught them all.” That is understandable. Financial institutions are monitoring developments across AML, BSA, lending, deposits, and other compliance areas, often with limite