Watch: The Coronavirus Crisis: PPP Loans for Dealers

Dealership Solutions leader Rex Collins and Jordan Baierl will be joined with HBK's Amy Reynallt to discuss:

  • How/what should dealers use PPP loans for and what documentation do they need?
  • What limitations are there on PPP funds?
  • What do we know about PPP forgiveness and what can dealers do based upon the known information (to date) to optimize the chance that they will qualify for forgiveness?
  • What happens if a dealer does not qualify for forgiveness?

Download the materials:
Presentation

About the Author(s)
Rex is a Principal of HBK CPAs & Consultants and directs the firm’s Dealership Group. He has worked extensively in the dealership industry since 1984 as a department manager, a general manager and an owner, as well as providing tax, accounting and operational consulting services exclusively to dealers as an independent CPA. This experience includes working closely with hundreds of dealers from coast-to-coast since 1987 on creative tax planning and financial statements issues. He provides clients with a wide range of transaction work services, and consults for them in specialty areas such as operations, government regulatory compliance, valuations and M&A feasibility studies. Rex is active in many professional associations. He is the current Chairman of the BDO Dealership Industry Group, contributes articles and commentary to dealership industry publications, is frequently called upon to speak to industry associations and conferences, provides expert testimony, and is regularly quoted by industry and the general media.
Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.

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