May 2010

Recent Disasters Point to the Urgency for Dealers to Prepare for Hurricanes

By Tony Argiz, CPA/ABV/CFF, ASA, CVA, CFE, Partner (targiz@mbafcpa.com) and Stuart Rosenberg, CPA/ABV, Partner (srosenberg@mbafcpa.com)


In 2010, auto dealerships and other businesses in Florida are more aware than ever that their disaster preparedness and recovery plans should focus on hurricanes while also including other potential disasters. The news of major flooding and of tornadoes in several parts of the United States is a reminder of the wide range of natural disasters that can strike—some with warnings and some that occur suddenly.

Dealerships in some other states also must be concerned about earthquakes, such as those that have occurred this year in Haiti, Chile and California.

Amid the news of those natural disasters, some forecasters are predicting that the 2010 Atlantic hurricane season could be one of the most intense in several years.

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Contact us:
Tony Argiz, CPA/ABV/CFF,  ASA, CVA, CFE
Managing Partner
targiz@mbafcpa.com

Ira Silver, CPA
Partner
isilver@mbafcpa.com

Marc S. Dickler CPA
Partner
mdickler@mbafcpa.com

Mark Thaw, CPA/ABV/CFF, CVA
Partner
mthaw@mbafcpa.com

Manuel Rodriguez, Jr., CPA
Partner
mrodriguez@mbafcpa.com

Phil Villegas
Head of Dealership Consultancy
pvillegas@mbafcpa.com


For a Copy of Phil Villegas’ latest industry insights as published in his monthly, column, please visit: www.wardsdealer.com or www.mbafcpa.com/Industries/Automotive2


The purpose of this newsletter is to provide general information on tax, audit and other issues related to the automobile dealership industry.  The information contained herein may not apply to all businesses or organizations and their specific circumstances.  Dealerships are encouraged to consult directly with an accounting expert before making tax and accounting decisions.

 

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