Automotive dealerships face a challenging business landscape. The challenges range from the global impact of rising gas prices and changing buyer demands, to specific dealership issues with cash flow, floor planning, and management advisory services. Automotive dealerships need their CPA firm to understand the issues. TBC works with numerous dealerships and franchises in the Capital Region and beyond. Our talented team of Automotive Dealership specialists is ready to assist with your accounting, auditing, tax and advisory needs.
Our Automotive Dealership Services Group meets monthly to discuss emerging and topical issues affecting the Automotive Industry such as:
- Current accounting pronouncements in the industry
- The current status of the automotive industry
- State sales tax audits and issues
- Federal and State income tax issues
- Goodwill Impairment
- LIFO issues and regulations
- Inventory financing
- The Payroll Protection Program and Employee Retention Credit
