Auto Dealer Audit & Tax Services
Let’s face it — auto dealerships have a lot of moving parts. From determining floor plan options and managing aftermarket sales to inventory management, owners of dealerships face a variety of challenges. One of those is staying up-to-date on the ever-changing IRS regulations, which can affect auto dealer accounting methods. As the owner of an automotive dealership, consulting firms must be able to fully understand your industry to offer the best tax services. That’s where Mize CPAs can help.
During our decades of working in the auto dealership industry, Mize’s Audit and Attest team has gained extensive knowledge dealing specifically with issues relating to audit and tax for automobile dealerships. We understand that customer satisfaction is critical to your business — it’s critical to ours too. Our experts will help to:
- Optimize your position in succession planning and acquisitions. Whether you’re the buyer or the seller, we understand your unique position in determining the dealership’s value. We’ll consult with you on tax planning strategies that will support your future.
- Reduce annual tax liabilities. By staying abreast of the annual IRS revisions and understanding how those changes impact tax and accounting for auto dealerships, we’ll work together to implement tax planning strategies to reduce your tax liability.
- Ensure the security of your assets. Partnered with our in-house IT specialists, we utilize our industry knowledge and understanding of dealership controls to identify internal control weaknesses that should be addressed to protect your dealership assets.
Does your accountant have experience in auto dealer accounting and understand LIFO? Do you have direct access to a CPA with auto dealership experience who can advise on buy-sell agreements, remodel vs. rebuild scenarios, reinsurance companies, and succession planning? You should. Contact James Hilbert to learn about our tax, audit, and accounting services for automobile dealerships.