(Run Time 1 min, 44 sec) When working with an existing dealer for the first time, the first step is to break everything down to the lowest common denominator, so-to-say. Each entity, and how these related companies interact with each other. Consider whether the interactions are arranged in a tax-wise manner. This has become even more important now in light of the recent Tax Cuts and Jobs Act. Heralded as containing the most sweeping changes in decades, new rules such as the 30% Business Interest Limitation and the 20% Qualified Business Income deduction have turned tax planning on it’s ear. Looking at everything with a new set of eyes can be very . . . well, eye-opening. The same goes for the dealership returns. At the end...
