What Is the PATH Act and How Does It Affect Car Sales?
Due to the PATH Act, Tax Season is no longer 60 or 90 days but closer to 6-9 days long. The PATH Act requires that the majority of tax refunds not be issued until after February 15. In 2017, 90% of all refunds were released in two days (Feb 22 and 23rd), the largest IRS funding in history. Don’t let this New Tax Season catch you off guard – you can maximize your sales even though the “New” tax season will be shortened.
How can you make the most of the shorter tax season?
Minimize your risk with pre-selling, inventory management, and the right GPS solution. Make sure you know what you need to do in order to be in prepared for the Tax Season in 2018. Review these resources, and contact us if you have additional questions.
- Plan to pre-sell your customers before they receive their tax refunds.
- Maximize your sales with key marketing techniques such as promoting “Bring your W2, drive out today.”
- Minimize your risk with a trusted GPS solution like GoldStar, which offers tools for quick reference checks, improving on-time payment rate, and more.
GoldStar GPS gives you the confidence to say yes to more at-risk buyers and manage risk easily with location tools, reference checks & payment reminders. GoldStar gives buy here pay here dealers peace of mind, knowing that they can quickly locate and recover vehicles with GPS vehicle tracking technology, if payments become delinquent. Don’t miss out on the shorter Path Act Tax Season sales window; prepare now to maximize your sales with these tips and resources from Spireon.
Review the additional resources below, and if you have further questions
Spireon PATH ACT Resources
4 Must Know Effects of the New PATH Act on Your Dealership Taxes
Wondering if the recently passed PATH Act (Protecting American Taxpayers & Homeowners Act) affects your auto dealership?The PATH Act was passed and signed into law in mid-December of 2015. This act is monumental for extending or making several tax provisions and credits permanent. In addition to giving credits to millions of working Americans, PATH also positively impacts businesses. Here are some tax provisions (in basic lingo!) that affect your auto dealership tax filing for the year 2015 and onwards.
Learn How GoldStar Can Minimize Your Risk