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CBM Communicator

September 23, 2022

Councilor, Buchanan & Mitchell to Serve as Bronze Sponsor of 2022 Greater Washington Society of CPAs Nonprofit Symposium

Councilor, Buchanan & Mitchell (CBM) will serve as a bronze sponsor at the 2022 Greater Washington Society of CPAs Nonprofit Symposium. The symposium, which includes weekly virtual professional education sessions from early October through mid-December and an in-person component on Tuesday, December 13 at the Washington, DC Convention Center, draws hundreds of not-for-profit representatives and service providers each year from across the DC metropolitan community. CBM has been a long-term sponsor, exhibitor and presenter at the Greater Washington Society of… Read more ›

September 23, 2022

What to Do When Outstanding Rebates Become Over-Aged

Vehicle rebates are a selling tool car dealerships and manufacturers use to drive more business, even when most consumers are paying above sticker price on vehicles. Since rebates are not discounts or coupons, dealerships receive the funds from the rebate after the vehicle has been purchased from the manufacturer and sold to a consumer. This means accounting teams at the dealership must make adjustments once the rebate is received. When rebates are not paid for promptly, it can create over-aged… Read more ›

September 23, 2022

Consider Pumping Up Your Service Menu

Searching for revenue to keep the bottom line healthy, a number of dealerships have added F&I products to their service offerings. A possible influx of longer-term customers at your store can make it worthwhile to consider selling service contracts and related products in the service lane. Timing Is Everything Dealerships are finding that it’s easier to sell F&I products at the time of a costly repair, or when the customers’ warranties are about to expire, than it was at the… Read more ›

September 22, 2022

Councilor, Buchanan & Mitchell to Serve as Silver Sponsor of 2022 Virginia Collaborative Professionals Annual Meeting

Councilor, Buchanan & Mitchell (CBM) will serve as a silver sponsor at the 2022 annual meeting of Virginia Collaborative Professionals (VaCP), an association of collaborative professionals that serves as a public resource. The VaCP meeting will be held on November 14 at the Omni in Charlottesville, Virginia. Members of CBM’s divorce financial services team have served as VaCP members, and have attended and presented at the association’s annual meeting over the years. Councilor, Buchanan & Mitchell (CBM) is a professional… Read more ›

September 21, 2022

Maximize Social Security Benefits When You Retire

Get the most from Social Security. Younger retirees face a harsh penalty for working part-time. For every $2 earned over $19,560 in 2022 (up from $18,960 in 2021), you lose $1 in Social Security benefits. In the year you reach full retirement age, a higher earnings threshold applies. Your benefits will be reduced by $1 for every $3 of earnings only when earnings exceed $51,960 in 2022 if you reach full retirement age (up from $50,520 for 2021). After you… Read more ›