MADA is thrilled to commemorate our 100 years - Media ...
MADA is thrilled to commemorate our 100 years - Media ... MADA is thrilled to commemorate our 100 years - Media ...
assets. Your legacy asset could be a low-basis security that has done very well for many years or a piece of real estate that has been in the family and that you may or may not wish to retain in the family. At the same time, you may be carrying over capital losses from unsuccessful investments that can offset current year capital gains. To achieve maximum tax efficiency, sell the asset now to pay only a 15% long-term capital gain rate or gift it. For example: sell the security now to lock in the gain at the lowest historical tax rates. If you want to retain the security in your portfolio you can repurchase it immediately at the current market price. In the gifting scenario, you have removed it from your estate where its future value would be taxed at up to 55% as opposed to a 35% maximum gift tax. This results in significant estate tax savings that are increased when spouses split gifts to recipients. Review your estate assets and estate planning to protect your intentions towards your loved ones and avoid the wealth destroying effects of the decrease in the estate exemption from $3.5 million to $1 million per individual ($5 million per couple) and the increase in the estate tax rates. For more information contact: James A. Tortorella, CPA, Councilor Buchanan & Mitchell, P.C. (CBM), Executive Vice President & Director of Dealer Services at 301-986-0600 or JTORTORELLA@CBMCPA.COM. Councilor, Buchanan & Mitchell, P.C. (CBM) is a CPA firm and business advisor that has provided services to dealerships since 1921. You know your dealership. You need a banker who knows everything about financing it. > James Engel Vice President Commercial and Floor Plan Relationship Manager 301-493-5900 > Stephen M. Garton Senior Vice President Indirect Retail Sales Finance National Sales Manager 1-800-433-0067 ©2009 The PNC Financial Services Group, Inc. All rights reserved. Member FDIC CON PDF 1209-060 Maryland Automobile Dealers Association 12
Stand Out from the Crowd… Work with a Team Committed to Your Success B&R’s Dealership Services Group Detailed knowledge you need to help in these difficult times. At times like these you need the assurance and expertise of an accounting firm who knows your business. From inventory valuation to risk assessment and cash flow to compensation planning… Our experts can help position your dealership for the future. " We want to work with accountants and advisors who are experienced, knowledgeable, efficient and friendly. Boyer & Ritter meets and exceeds all of our expectations. We rely on Boyer & Ritter to provide accounting, tax and business advice that supports our operational and financial objectives. They are the best!" Boyer & Ritter is home to one of the largest specialized auto dealership accounting practices in the Mid‐Atlantic community, serving over 160 dealers. ‐Gail Faulkner, Chair & CEO of the Faulkner Organization Contact B&R’s Dealership Services Group today! Maryland Jay A. Goldman, CPA 410‐790‐6928 Pennsylvania Daniel P. Thompson, CPA 717‐761‐7210 Focused On Your Future www.cpabr.com | info@cpabr.com Serving the Mid-Atlantic region for over 80 years.
- Page 1 and 2: An Official Publication of the Mary
- Page 4 and 5: FALL 2010 COVER STORY 14 A Century
- Page 7 and 8: CHAIRMAN’sMessage | SAM WEAVER, J
- Page 9 and 10: CHEAPSKATE CAR BUYERS ARE DOWNRIGHT
- Page 11: Review your estate assets and estat
- Page 15 and 16: WHEN YOU MAKE YOUR NUMBERS, THE BAY
- Page 17 and 18: MADA Endorses Zurich’s F&I Income
- Page 19 and 20: Protective Introduces... Engine Cov
- Page 21 and 22: BelAir_MADA-1 2010.pdf 3/4/10 8:33:
- Page 24 and 25: MADA CELEBRATES ANOTHER… Successf
- Page 26 and 27: Advertiser Index Fall 2010 Attorney
- Page 28: PRSRT STD U.S. POSTAGE PAID SALT LA
Stand Out from the Crowd…<br />
Work with a Team Committed <strong>to</strong> Y<strong>our</strong> Success<br />
B&R’s Dealership Services Group<br />
Detailed knowledge you need <strong>to</strong> help in these difficult times.<br />
At times like these you need the assurance and expert<strong>is</strong>e of an<br />
accounting firm who knows y<strong>our</strong> business.<br />
From inven<strong>to</strong>ry valuation <strong>to</strong> r<strong>is</strong>k assessment and cash flow <strong>to</strong><br />
compensation planning…<br />
Our experts can help position y<strong>our</strong> dealership for the future.<br />
" We want <strong>to</strong> work with<br />
accountants and adv<strong>is</strong>ors who are<br />
experienced, knowledgeable,<br />
efficient and friendly.<br />
Boyer & Ritter meets and exceeds<br />
all of <strong>our</strong> expectations.<br />
We rely on Boyer & Ritter <strong>to</strong><br />
provide accounting, tax and<br />
business advice that supports <strong>our</strong><br />
operational and financial<br />
objectives.<br />
They are the best!"<br />
Boyer & Ritter <strong>is</strong> home <strong>to</strong> one of the largest specialized<br />
au<strong>to</strong> dealership accounting practices in the Mid‐Atlantic<br />
community, serving over 160 dealers.<br />
‐Gail Faulkner, Chair & CEO of the<br />
Faulkner Organization<br />
Contact B&R’s Dealership<br />
Services Group <strong>to</strong>day!<br />
Maryland<br />
Jay A. Goldman, CPA<br />
410‐790‐6928<br />
Pennsylvania<br />
Daniel P. Thompson, CPA<br />
717‐761‐7210<br />
Focused On Y<strong>our</strong> Future<br />
www.cpabr.com | info@cpabr.com<br />
Serving the Mid-Atlantic region for over 80 <strong>years</strong>.
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