Chad Martin, CPA and Co-founder of Martin & Bryan Accounting and Consulting, shares his expertise on the adjustments needed to arrive at an accurate taxable income number. Understanding how to make these adjustments is crucial for any dealership looking to optimize its financial reporting and tax obligations.

In this discussion, Chad breaks down the various factors that can affect your taxable income, including depreciation, expenses, and revenue recognition. He provides clear guidance on how to adjust for these elements in your financial statements to ensure you're reporting the correct taxable income while minimizing potential liabilities.

If you’re looking to get a better handle on your dealership’s taxable income and how to make the necessary adjustments, be sure to check out Chad’s insights. His practical advice will help you stay compliant and optimize your financial performance.

Always consult your CPA to determine the best option for your specific dealership.