© 2021 RSM US LLP. All rights reserved.
In the automotive industry where technology is racing forward at an unprecedented rate, emerging trends are multiplying rapidly and pressures on the supply chain to stay ahead of it all are mounting, it is hard to to know where to turn for the latest insights. Auto Trends provides bi-monthly insights into the most top-of-mind issues facing the automotive industry to help keep you in tune with the latest risks, opportunities and trends suppliers are facing today.
The ability of automakers and suppliers to include tooling expenses in their R&D credit can create a tremendous benefit.
The elimination of the sales and use tax physical presence could have a profound impact on the tax compliance obligations of auto suppliers.
Some automotive parts entities have encountered accounting and operational challenges in applying the new revenue recognition standard.
There are a number of compelling cases that could be made for using blockchain technology in the auto sector. But the key is the network.
There is little accounting guidance regarding how to treat cores. Remanufacturers should ensure the methodologies they use are supportable.
While 2019 may seem far off, planning should begin now in order to ensure an effective and efficient implementation of the new standard.
Get the manufacturing insights you want right in your inbox.
CONTACT OUR TEAM
National Automotive Sector Leader