Automotive

As a Top 100 Accounting Firm, Alpern Rosenthal has professionals with significant automotive dealership experience. Auto, truck and equipment dealerships rely on Alpern Rosenthal for advice on accounting, tax and general business issues. Our solutions help dealers make smart business and financial decisions that can improve profitability and streamline operations.

In addition to the traditional accounting and tax solutions you would expect from a CPA firm, Alpern Rosenthal offers other services that can help protect and grow your business. For example, our certified fraud examiners can help you reduce the risk of fraud damaging your operation. You also may need to have your dealership valued as part of a sale or ownership succession plan or need guidance on selecting and implementing a new computer system. Perhaps you’re looking at an exit strategy or need the advice of an experienced investment manager, such as one of our Alpern Wealth Management professionals.

Below is a summary of solutions we bring to our dealership clients:

• Audit, review and compilation services for auto dealerships, related finance companies and short and long term leasing companies
• Tax compliance and planning for corporations, partnerships and individuals
• Federal, state and local income, franchise and personal property tax compliance and planningFraud prevention and detection measures
• Internal control evaluation, implementation and testing
• Merger and Acquisition guidance including:
  • Valuation of the target company
  • Negotiation strategy development
  • Financial due diligence and analysis
  • Commitment agreement, interim management agreement and final sale documents drafting and review
  • Financing negotiations
  • Franchise application preparation and coordination
  • Licensing assistance
• Productivity engagement performance and management including:
  • Deal flow processes analyzed and implement improvements to enhance cash flow
  • Inventory management and control reviews
  • Sales processes analyzed and implement solutions to enhance customer traffic and satisfaction 
  • Service and parts department activities analyzed and implementation of solutions to increase productivity and profitability
• Rental vehicle operations evaluated and suggest improvements to enhance utilization
• Financial report generation and utilization and streamline the reporting process to make more effective decisions
• Benchmark operations against best practices and suggest solutions to enhance profitability
• Negotiation, presentation and completion of financing transactions, including non-traditional transactions involving asset securitizations and bond issuances
• Tax solutions such as entity structure issues, LIFO issues, floorplan assistance and advertising treatment, demonstrator matters, etc.
• Strategic planning initiative development and implementation
• Succession planning and the development of appropriate buy/sell provisions
• Pay plan development and implementation
• Technology solution selection and implementation
• Data mining and extraction and preparation of meaningful management reports
• Litigation support and consultation, including:
  • Investigation of accounting and tax matters
  • Determination of economic damage claims
  • Determination of lost profits
  • Assist with the discovery process
  • Assist in development of deposition strategies and questions
  • Assist in evaluating settlement proposals
• Accounting staff training and development