971 plain-English guides on cross-border moves, US and Canadian returns, and small-business money. Each one ends in what to do next, and says when a written Diagnostic is the smarter first step.
Page 7 of 41, newest first.
F&I products generate high-margin income, but the timing of recognition depends on whether the dealer is agent or obligor.
US TaxAuto dealers can deduct floor plan financing interest without the IRC 163(j) interest cap, but relying on it can cost the dealership bonus depreciation.
US TaxBlue sky is the biggest number in a dealership buy-sell. Here is how goodwill, franchise rights, and covenants not to compete are allocated, amortized.
US TaxThe LIFO method lets auto dealers defer tax on rising vehicle prices by valuing inventory at older, lower costs, but the conformity rule ties it to your books.
US TaxDealer groups operating across state lines face nexus rules, single-sales-factor apportionment, entity structure choices, and state PTET elections to sort out.
US TaxThe service department is the dealership's most consistent profit center, with warranty reimbursement, parts inventory, and labor rate accounting to manage.
Cross-BorderA Canadian business creates US tax nexus when it earns income that is effectively connected with a US trade or business.
Cross-BorderCanada's corporate integration system is designed so that income earned through a CCPC is taxed at roughly the same rate as income earned personally.
Cross-BorderWhen a Canadian resident emigrates, Canada treats them as having sold most of their property at fair market value on the date of departure.
Cross-BorderA Canadian who is moving to the US should take several tax steps before departure to minimize the departure tax, preserve treaty benefits.
Cross-BorderA Canadian resident who owns a single-member US LLC faces potential double taxation. The US taxes the LLC's income on the.
Cross-BorderA US person with a Canadian RRSP faces a mismatch between how Canada and the US treat the account. Canada defers tax on RRSP contributions and growth.
Cross-BorderA Canadian resident who receives US Social Security benefits reports only 85% on the Canadian return. The treaty and ITA 110(1)(f) determine the actual tax.
US TaxA CPA's guide to the tax deductions available to construction contractors, from heavy equipment and Section 179 to subcontractor payments, insurance.
US TaxWhich accounting method a construction company must (or can) use on its tax return depends on contract length, gross receipts, and contract type.
US TaxThe percentage of completion method under IRC 460 determines when construction contractors recognize revenue on long-term contracts.
US TaxRetainage (the 5-10% holdback on each progress payment) creates accounting complexity, tax timing questions, and real cash flow pressure.
US TaxConstruction company owners can defer $70,000+ per year through the right retirement plan. For 2025, a solo construction company owner can defer up to.
Cross-BorderA cross-border business must choose between an LLC, a corporation, and a branch. Each produces different tax consequences in Canada and the US.
Cross-BorderA share sale, asset sale, or earn-out each produce different tax results in Canada and the US. Treaty credits limit but do not eliminate double tax.
Cross-BorderThe US imposes estate tax on worldwide assets of US persons and on US-situs assets of non-residents. Canada taxes gains at death through deemed disposition.
Cross-BorderThe US imposes a gift tax on the donor. Canada and the US handle gifts in fundamentally different ways.
Cross-BorderWithdrawing from a retirement account in one country while living in the other triggers withholding, income inclusion, and a foreign tax credit calculation.
Cross-BorderA trust with connections to both Canada and the US faces dual taxation, complex reporting, and treaty provisions that often do not resolve the overlap.