Automobile dealerships combine the complex processes of various automotive industries into one unique business. These processes are thus required to run concurrently to provide consumers with a service that is superior to that of other competitors within a saturated industry. Under these pressures, how can automobile dealerships gain a competitive edge?
As there are many unique accounting and tax requirements for automobile dealerships, it is essential that your accountant is proficient in the specific industry financial regulations and standards.
Partnering with accounting professionals that are experienced in the automobile industry is the first step on the road to financial success.
bgr CPAs automotive professionals help dealership owners make intelligent business decisions. We work with the management and finance teams on budgets and projections to determine the best way to use your sales resources, and help to gather and present financial information so that owners can make intelligent business decisions for their dealerships. bgr CPAs offers a range of specialized services for automobile dealerships including, but not limited to:
- Financial Statement Preparation
- Business Consulting
- Estate Planning
- Succession Planning
- Wealth Management
- Internal Control Reviews
- Risk Assessment
- Tax Preparation, Compliance and Planning
The automotive professionals at bgr CPAs understand the various challenges that face the automobile industry, and work with dealership owners to create financial, operational and broad-scale business solutions that align with the goals of the company.
Here, the bgr CPAs auto dealership industry experts discuss some of the key takeaways related to the state of the industry, and provide guidance for business owners. This year, the automobile industry experts at Berman Goldman & Ribakow were excited to have the opportunity to attend the 2017 AICPA Auto Dealership Conference for the 12th year. As…Read More
Given the cumbersome nature of expense categories in the automobile industry, dealerships must continuously work to maintain internal control in order to efficiently manage these expenses. Here, the experienced accounting professionals at bgr CPAs discuss the process and benefits of managing expenses in an automobile dealership. The Challenge As profit margins tighten, project volumes decline…Read More
The tax and accounting experts at bgr CPAs explain the importance of bonus depreciation for auto dealership owners. Automobile dealerships often face significant pressure from manufacturers to maintain and renovate facilities. Considering the pace at which inventory is turned over and the pressure to attract new customers within the industry, it may be difficult…Read More
Our team of experienced and skilled professionals has extensive knowledge of the ever-changing laws and regulations within various industries, and has provided our valued clients with accurate, informed insights and business guidance for more than 70 years.