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Microsoft Teams

January 2021

(Virtual) How to Navigate LIFO Implications of Reduced Inventories

January 22 @ 11:00 am - 12:00 pm Eastern

  Like nearly every other industry, the COVID-19 pandemic has affected the dealership industry. Disruptions to manufacturer supply chains have led to significant reductions in year-end inventories. But this reduction does not necessarily mean a decrease in the LIFO reserve. Some dealers and manufacturers may be greatly impacted as a result and wonder what their best response should be. Join John Comunale, CPA and Steve Snee, CPA from Councilor, Buchanan & Mitchell’s dealership industry practice as they review four options…

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