Industry Insights | Accounting Tax Articles | Chicago Accounting Firm

Our Insights

Articles

Make well-informed decisions by getting the inside scoop from Selden Fox experts on recent news topics and industry updates.

Subscribe to our RSS feed.

Sign Up

Auto Dealers: Turning the Challenges of 2019 into Opportunities

Consumer spending, interest rates, energy prices, and technology innovation will continue to be the drivers for vehicle demand. These factors should keep auto dealerships on t ... Read more

Executive Compensation Requires Careful Decision Making

Dealership owners, understandably, want themselves and top executives to be compensated fairly for their work, results and interest. So how do you achieve that goal without at ... Read more

Could “no-haggle” selling be right for your dealership?

In recent years, some dealerships have adopted a “no-haggle” or one-price model for selling vehicles. This has been in response to several factors, including greater trans ... Read more

Why You Should Retain OId Insurance Policies

After insurance policies expire, many dealerships just throw away the paper copies and delete the digital files. In certain situations, though, you may need to produce these p ... Read more

Improve Dealership Performance with Benchmarking

Successful dealerships tend to keep close tabs on their finances and operations by measuring and monitoring certain performance metrics. Doing so helps managers spot trends th ... Read more

Annual IDES Contribution Rate

Employers that are registered with Illinois Department of Employment Security (IDES) should have (or will soon) receive a letter indicating their annual contribution rate for ... Read more

New Standard Proposed for Forensic Services Engagements

Earlier this week, the AICPA Forensic and Valuation Services Executive Committee (FVSEC) issued an exposure draft outlining a new proposed standard for forensic service engage ... Read more

Reap the Benefits of Gain-Loss Harvesting to Lower Your Tax Bill

Losing money is not anyone’s investment plan, however a well-diversified portfolio will usually contain some investments that have lost value. A silver lining in having losi ... Read more