Articles by David J. Wiggins - CPA, Advisor

We have been hired in numerous embezzlement cases over the past several years in which funds have been taken from dealerships and other businesses. Many of these problems occur as a result of the electronic commerce that occurs daily within our dealerships. We have seen this and talked with enough people that our firm has just recently developed a program to review and test internal controls and oversee electronic transactions that occur each month. At most new or pre-owned dealerships, more payments and receipts are taking the form of

David Wiggins - During tough times like these, it is easy to get caught up in the bad press and worry about how to increase sales and improve business... While you may not be able to control that situation, it may make sense for you to look at some of the things you can control but have been “too busy” for.

David Wiggins - Understanding the various income tax regulations and rules regarding BHPH dealerships and related finance companies (RFCs) can be difficult at times but necessary to your financial health.

David Wiggins - Many buy here pay here dealers choose to self-insure their warranty or service contracts, but do they fully understand how a change from including an extended warranty to selling a service contract can impact their financial statements, tax returns and potential their loan agreements?