The Independent Dealer Podcast

Author: Jeff Watson & Luke Godwin

A podcast for Independent Used Car Dealers to get help on how to improve their dealerships and their life. As current used car dealers, Luke and Jeff find the best advice from industry experts and other successful dealers. If you want to learn and grow your business with like minded used car dealers tune in each week. "Dealers Helping Dealers"
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Language: en

Genres: Automotive, Leisure

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#407 - 5 CRITICAL YEAR-END TASKS FOR DEALERS BEFORE 2026
Episode 407
Wednesday, 26 November, 2025

End of the year creeping up on you? 😅 Don't be that dealer scrambling on December 30th!In this episode, Jeff and Luke break down the 5 ESSENTIAL year-end moves every independent dealer needs to make before December 31st. From tax strategy to portfolio cleanup, these time-sensitive tips could save you hundreds of thousands.🎯 What We Cover:✅ Why you need to meet with your CPA NOW (not January)✅ Portfolio cleanup: How to rip the band-aid off and start 2026 clean✅ The inventory audit that reveals missing cars and hidden money✅ Inventory write-downs: The "Voila Method" that makes cars sell immediately✅ Reinsurance compliance checkup before year-end✅ Equipment depreciation strategies (rollbacks, repo trucks, and more)✅ Strategic planning: How to map out a killer 2026💡 KEY TAKEAWAY: That car sitting on your lot for 6 months? It's not a turd - there's just no money in it for your salespeople. Learn how to reset it and watch it fly off the lot.UPCOMING EVENT:📍 Collections Event with Ai - Dallas, TX - December 10Godwin Consulting Group is putting on a Collections Event in Dallas on December 10, don't miss it! http://www.godwinconsultinggroup.com/...📢 WANT MORE DEALER INSIGHTS?✅ Subscribe to the Independent Dealer Podcast💬 Drop a comment with your biggest collection challenge👍 Like this video if you're definitely NOT waiting until December 30th to do all this... right? 😅⭐ Leave us a review: www.theindependentdealer.com📧 Email us: ⁠ info@theindependentdealer.com 🔗 CONNECT WITH US:Website: www.theindependentdealer.comInstagram: @theinpendentdealerpodcast/Facebook: @theindydealerLinkedIn: @independent-dealer-180160225🙏 SPECIAL THANKS TO OUR SPONSORS:Blytzpay - Your credit card processing and text communications partner. Tell them IDP sent you to get 3 FREE months!www.blytzpay.com⁠Buckeye Risk Services - All your education and reinsurance needswww.buckeyerisk.comTaxmax - Flexibility with your tax returns⁠⁠⁠www.taxmax.com🎧 LISTEN TO ALL EPISODES:Anchor: ‪@theindependentdealer‬ Social Links:/ independentautogroup/ jlukegodwin/ sendtojeffwThe Independent Dealer Podcast is brought to you by real dealers, for real dealers. No BS. Just actionable insights from the trenches.---⚠️ DISCLAIMER: Jeff and Luke are not CPAs or tax professionals. This content is for educational purposes only and should not be considered professional tax or legal advice. Always consult with your qualified CPA or tax advisor before making financial decisions.