News & Events

Boyer & Ritter’s Daniel Thompson and Jay Goldman to Present LIFO Webinar for the Pennsylvania Automotive Association

12.15.2021 | 10:00am - 10:45am ET

Dealers today face record-low inventory shortages nationwide, which were brought on by the COVID-19 pandemic. They were made worse by the microchip shortages.

The weak supply chain, combined with anticipated low inventories through the end of the year, could threaten your Last-In-First-Out (LIFO) recapture this tax year.

During the webinar, Boyer & Ritter’s Daniel P. Thompson, CPA and Jay A. Goldman, CPA will discuss:

  • Threats to your LIFO recapture for tax year 2021
  • How inventory reductions will affect LIFO and other inventory deferral elections
  • Options for dealers with LIFO recapture
  • Tax strategies in a tax raising rate environment

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