CADA Webinar: How inventory reductions will affect your LIFO reserves

Tuesday, December 7, 2021 - 8:00am to 9:30am
Webinar - your location

How inventory reductions will affect your LIFO reserves

Dealers today face record-low inventory shortages nationwide, which were brought on by the COVID-19 pandemic, then made worse by the microchip shortages.

The weak supply chain, combined with anticipated low inventories through the end of the year, could be threatning to Last-In-First-Out (LIFO) recapture this tax year.

If your dealership has experienced a big inventory drop from last year through 2021, your LIFO recapture could be significant.

Join us at 8 a.m. Tuesday, December 7 as Withum* CPAs Phil Craft and Brian Wallace discuss options for dealing with LIFO recapture.

Designed for dealer principals, general managers, CFOs, controllers, and dealership CPAS, Brian and Phil also will discuss the most-recent updates on tax legislation in Washington, DC and how those updates will affect dealerships in 2022 and beyond.
* Withum services approximately 350 franchised dealers in 26 states, including Colorado, California, Texas, Florida, New Jersey and New York.

You'll learn:

• Threats to your LIFO recapture for tax year 2021
• How inventory reductions will affect LIFO and other inventory deferral elections
• Options for dealers with LIFO recapture
• How the new federal tax bill will affect tax planning strategies from 2021 into 2022

The details:


Tuesday, December 7
8 - 9:30 AM




If you offer medical benefits to your employees through CADA Insurance Services, ATTEND FREE! Call 303.831.1722 for your code.
Want to attend FREE? Call Craig Gordon: 303.457.5118.

About our presenters

Brian Wallace, CPA is the national tax practice leader at Withum. Brian joined the firm in 1998, and provides real estate and retail automotive servicing clients with tax, accounting and business advisory services. An industry thought leader, Brian sits on the Auto Team America Tax Committee (a network of CPA firms dedicated to automotive).

Philip Craft, CPA is a manger in Withum’s automotive practice. He dedicates his time to dealership accounting and primarily works in tax, M&A and business advisory services. He spends most of his time in dealership conference rooms around the country and often contributes on tax law, government assistance programs, auto tech trends and other hot topics.


Register now!