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Entries by Brett Breedlove

How Revenue Recognition Is Impacting Buy Here – Pay Here Dealers

Posted 3:00 PM by
When the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers, it represented perhaps the most extensive changes to accounting standards for revenue recognition ever. Experiencing a number of revisions and amendments since its issuance, the new guidance is effective for calendar years ending Dec. 31, 2018 for public companies and Dec. 31, 2019 for nonpublic companies; however, many have delayed analyzing how significantly the updated standards will impact their business.
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Preparing Your Buy Here – Pay Here Dealership for a Pain-Free Audit

Posted 4:00 AM by
If your Buy Here – Pay Here (BHPH) dealership has bank debt, there is a good chance your lender requires you to have a financial statement review or audit. With 2017 winding down, now is the time to evaluate your year-end closing checklist to help ensure a pain-free audit. Below are a few tips to make your upcoming audit a success.
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Buy Here - Pay Here Update: Lenders Continue to Pull Back on Subprime Auto Lending

Posted 12:47 PM by
Many media outlets have reported about the imminent subprime auto loan bubble burst, warning that the economy is set on a collision course for the next big credit crisis. While some Buy Here-Pay Here (BHPH) operators are bracing for impact, others see this as a sign that the worst is behind them and of opportunities ahead.
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Is Your Real Estate Fund a True Investment Company or Just an Operator?

Posted 3:04 PM by
As the stock market has shown volatility over the last several years, many high-net worth, sophisticated and institutional investors have used various forms of alternative investments to supplement their portfolios. A popular investment choice has been real estate-related funds.
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