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Organizing The Financial Records for a Smooth Tax Filing

AutoShopOwner

Bank Statements Bank statements provide a record of all transactions that pass through your business bank accounts, including deposits, withdrawals, and electronic transfers. Remember to reconcile your bank statements regularly to ensure accuracy. sales invoices, purchase invoices, bank statements).

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Should you start a new shop or buy an existing one?

Auto Service World

A lot of banks aren’t going to give [that loan], Demarest said. With a top-end multiplier, that shop would be valued at $3 million. Do you have that cash? It is a big ship to steer, Demarest observed. It is a big ship to steer, Demarest observed. So maybe investing $800,000 to set your own flag is the better route in this case.

Banking 246
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Canada takes big step forward on right to repair

Auto Service World

In mid-October, members of Canada’s auto care industry urged for the passage of both bills during testimony to the Standing Senate Committee on Banking, Commerce and the Economy, citing the importance for Canada’s automotive aftermarket. This bill was introduced in October 2023.

Banking 245
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WARNING! Check you bank accounts daily!

AutoShopOwner

The other day, I checked my online personal bank accounts from my phone app. After a phone call to the bank, they informed my that this charge was a mistake. The bank put a stop payment, and the next day I got my money back. The bank put a stop payment, and the next day I got my money back.

Banking 100
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Sun Auto Tire & Service Raises Over $17,000 for Feeding America Food Banks

Tire Review Magazine

Sun Auto Tire & Service announced that its network raised over $17,000 for 35 Feeding America food banks. The network will distribute the funds to food banks in communities served by Sun Auto nationwide. By raising funds for local food banks, were helping to ensure families have access to the meals and resources they need.”

Banking 40
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Deceived Fisker Ocean Owners Get an Offer They Can't Refuse From JPMorgan Chase

autoevolution

Specifically, the bank that financed Fisker Ocean purchases partnered with Rivian to buy back Fisker vehicles at a fair price. Now, they get an offer they can't refuse from JPMorgan Chase as part of a settlement process. Fisker sent shockwaves throughout the automotive markets when it filed for ( continue reading. )

Banking 96
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Used Car Buyer’s Guide: Eco-Friendly Family Cars That Won’t Break the Bank

Auto Service World

This guide will help you navigate through some of the best options available, ensuring you make an informed decision that aligns with your eco-conscious values and budget. Why Choose an Eco-Friendly Car? Choosing an eco-friendly car is not just about reducing your carbon footprint; it also means saving money on fuel and maintenance costs.

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