WANADA dealers came together last week to hear from lawyers from Charapp & Weiss, LLP, and tax advisors from Councilor Buchanan & Mitchell, P.C. (CBM) on important new and ongoing laws impacting new car dealer operations.
Mike Charapp and his partner, Kimberly MacCumbee of Charapp & Weiss covered dealer responsibilities under the Military Lending Act and two new state laws, the Maryland Leave Act and Maryland Consumer Data Protection. Charapp and MacCumbee also delivered an overview on how dealers can protect themselves from the ever escalating assault from cyber-criminals.
CPAs from CBM, Richard Morris and John Comunale, took dealers through recent changes in federal income tax law at the corporate and individual levels, which, while designed to reduce rates and simplify processing, require new and technically different ways to proceed. Messrs. Morris and Comunale successfully presented the breadth and complications of “the most significant changes since the Tax Reform Act of 1986” to a level of understanding for the many dealer executives at the seminar.
WANADA greatly appreciates the good work of its Kindred-Line Members, Charapp & Weiss and CBM, in effectively presenting changes in the law impacting dealerships to WANADA members.Download Bulletin PDF