New Optional Standard Mileage Rates for 2020
The IRS recently released the optional standard mileage rates for 2020, as follows: 57.5 cents for every mile of business travel driven (down 0.5 cents
Electric Vehicles and Their Effect on the Oil and Gas Industry
“Nowadays 70% of oil production is used for transportation: the world produces about 80 million barrels a day globally, and about 60 million barrels
Auto Dealers, Automatic Enrollment, and Automatic Escalation
As someone who has worked closely with automotive dealerships for over twenty years, I have witnessed first-hand that successful dealerships are extremely
Clarification on 100% Bonus Depreciation for Dealership Owners
The Internal Revenue Service released proposed regulations on utilizing 100% bonus depreciation for dealerships that deduct floorplan interest expense.