big problem:
Pandemic-Fueled Tax Liabilities for Dealerships
big thinking:
Change accounting methods to achieve $600,000 in deferred tax savings.
PRIMARY CONTACTS: Steven A. Barber CPA, MST, Carl D. Scharf CPA
Schneider Downs has a long history of advising automobile dealers across the country on accounting, tax and other business advisory matters.
Over the course of our 65+ year history, we have had the opportunity to consult in nearly every segment of the dealership business – maximizing cash flows, cost containment, inventory control, reinsurance, financing, or capitalization and more. We understand the critical relationship between the front-end and back-end of your business, and we have earned the trust of our clients through responsive and proactive service.
Schneider Downs serves dealers of all sizes from single-point locations to mega-dealerships. Our personalized business approach emphasizes active listening, proactive insights, exceptional guidance and practical solutions to drive results.
Our Automotive Services industry group is composed of audit, tax and management consulting professionals who are specifically trained and experienced in matters such as those facing your company. Our Automotive Industry Group members cross departments and meet regularly to ensure efficiencies in the services provided to our clients and discuss issues, regulations and trends affecting the automotive industry.
At Schneider Downs, we provide extensive and comprehensive solutions to both individual dealers and dealer advertising associations.
Our Automotive industry group offers a wide range of specialized services geared to the individual dealer, including:
Our Automotive Services industry group also provides accounting, tax and business advisory services to Dealer Advertising Associations, which manage funds used by regional dealership groups to advertise vehicles within their designated marketing areas. Schneider Downs’ services to our Dealer Advertising Association clients include the following:
To stay abreast of current trends and challenges facing dealers, our automotive specialists continuously participate in industry-specific conferences and seminars such as the National Auto Dealer Association (NADA) Convention and the American Institute of Certified Public Accountants (AICPA) National Auto Dealership Conference.
Schneider Downs recognizes that every industry is different, often presenting unique challenges that require individualized insight, innovation and experience. Our experience in these industries is enhanced through participation in focus groups, which address the characteristics that make these industries unique.
For more information on additional industries we serve please visit patricide.cgicalendars.com/industries or contact us at [email protected].
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