Floor Plan Interest: What a Car Really Earned on Your Lot
A car that sat 150 days earned a lot less than the deal sheet says. Here's how floor plan interest changes the math and what to reconcile every month.
Read the article ↗LEARNING CENTER
Learning Center.
Plain-English answers to the tax and accounting questions owners actually ask us, from Jeff Bibby, CPA and the Bibby & Co. team.
Auto Repair Shops: Year-End Tax Moves to Make Before December 31
Most of what lowers your 2026 tax bill has to happen before December 31. Here's what we walk auto repair and body shop owners through every fall.
Read the article ↗Thinking About Selling a Rental Property? Read This Before You List
The sale price isn't what you keep. Here's how the tax on a rental sale is figured, and what you can do before you list.
Read the article ↗What's a Reasonable Salary for an S Corp Owner?
If you own an S corporation and work in the business, the first question I ask is what you pay yourself on a W-2.
Read the article ↗Do Rhode Island Contractors Need to File 1099s for Subcontractors?
Most contractors pay subs every week and think about 1099s once a year, in January, in a panic. Here's how to make it a non-event.
Read the article ↗The FICA Tip Credit: Money Many Restaurant Owners Leave on the Table
If your staff reports tips, you're paying Social Security and Medicare tax on them. A federal credit gives much of that back, and plenty of owners never claim it.
Read the article ↗Should Your Auto Repair Shop Lease or Buy That New Equipment?
A new lift or alignment rack is a big check. Whether you lease or buy changes your cash, your taxes and your options down the road.
Read the article ↗NEXT STEP
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