Managing a single- or multi-franchise dealership can be a challenging but rewarding experience. Ensuring profitability while managing staffing needs, manufacturer requirements, financing, and service is often not easy. Sales are often impacted by the condition of the economy and customer demands while compliance with various national, state, and local regulatory bodies, manufacturer promotions, marketing guidelines, and incentive programs require focused attention. To be truly successful in this industry requires resilience, savvy, and the guidance of an experienced accounting firm to establish and maintain financial goals and direction.
BLS works with auto dealerships in the tri-state area. Our team of seasoned professionals guide dealership owners and management to increased profitability and efficiencies through a variety of tax, accounting, audit and consulting services. These services are designed to help clients maintain compliance, develop and improve product and service offerings, uncover savings and enhance profitability.
Our Auto Dealership Services Include:
- Federal, state, and local tax planning and compliance
- Financial statement compilation, reviews and audits
- Inventory management consulting
- Dealership-specific tax elections
- Pre-sale/purchase due diligence
- Facility improvement implications
- Manufacturer compliance program monitoring
- Operational system development and review
- Expense analysis, budget preparation, and cash flow management consultation
- Internal controls review
- Succession planning
- Buy-sell agreement consulting
- Business valuations
- Estate tax planning
- Employee benefit plan audits
- Risk assessments
- Outsourced bookkeeping and accounting
