Automobile and Truck Dealerships

Helping You Improve Operational Performance

MichaelSilver has served the unique needs of privately-held automobile and truck dealerships since the firm was founded in 1944. Our years of experience working with family-owned dealerships and franchises enables us to focus on the challenges and needs unique to dealerships. As their trusted advisors, our dealership clients rely on us to not only provide high quality tax compliance/consulting and accounting and assurance services, but also specific services to help them realize their short and long-term financial goals. Services include, but are not limited to:

Monthly Financial Statement Analysis and Benchmarking
Annual and Long-Term Planning for Business Entities and Owners
Business Structure Consultation
Assistance with Maximizing the Benefits of LIFO and Manufacturer Incentive Programs
Operational and Financial Processes Analysis
Cost Segregation Studies on Major Capital Improvement Projects
Dealership Cash Flows and Expenses Analysis
Income Tax and Sales Tax Audit Representation
Complex Sales Tax Issue consultation
Due Dilligence, Consulting and Other Assistance in Dealership Purchases and Sales
Proactive Advice Regarding Tax Law Changes
Succession Planning
Estate, Gift, and Trust Planning for Owners and Families
Business Valuation
Employee Benefit Program Review and DOL Audit, if Required

Get Started with a Complimentary Expert Review

Let us demonstrate the added value we can deliver to your dealership through our Expert Review. Provided without cost or obligation, our completely confidential Expert Review lasers in on the tax and financial issues unique to dealerships (LIFO, incentive programs, cost segregation studies and other depreciation opportunities, financial statement quality, and benchmark calculations). The report addresses these concerns and includes details of our findings and suggestions for future action.