#398 - Don't Wait Until December- Tax Season Prep Starts Now!
About this episode
Preparing for tax season is crucial for car dealers, and starting early can make all the difference. Luke and Jeff discuss the importance of developing a buying strategy, assessing cash needs, and evaluating current inventory to maximize sales during tax season. They emphasize the need for effective marketing and the significance of hiring the right staff ahead of the busy period. With actionable steps and insights, this episode provides a roadmap for dealers to ensure they are ready to capitalize on tax season opportunities.
Why September is the PERFECT Time to Start Tax Season PrepThink it's too early to plan for tax season? Think again! Jeff and Luke break down the 5 critical steps every independent dealer needs to take RIGHT NOW to maximize their biggest sales opportunity of the year.Key Takeaways:* Tax season isn't just for buy-here-pay-here dealers* Start preparation in September, not December* Your current customer base is your goldmine* Higher down payments can help you control inventory flowSupport the businesses that support the podcast!Blytzpay for your credit card processing and text communications. Tell them IDP sent you to get 3 free months!https://www.blytzpay.comBuckeye Risk Services for all your education and reinsurance needshttps://www.buckeyerisk.comTaxmax for flexibility with your tax returns. Use the code “Podcast2024” for 40% off sign up!https://www.taxmax.comIgnite Consulting Partners are there to identify problems, create solutions, and help your business thrive!www.ignitecp.comPlease subscribe, leave us a review, and share with a friend.Connect with us online: / independentautogroup / jlukegodwin / sendtojeffwListen to all our episodes on Anchor:https://anchor.fm/theindependentdealer
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