Automotive Dealerships

Accelerate Profitability with Dealership-Focused CPA Services

We bring specialized expertise to Automotive Dealerships, helping dealerships navigate the unique financial, operational, and business challenges you face. Our CPAs understand dealership accounting inside and out, and we stay up to date on evolving tax laws and industry trends, so you can focus on driving profitability and growth. We deliver insights that go beyond compliance – helping you make smarter decisions, improve cash flow, and stay competitive in a fast-moving market.

Automotive Dealership Clients

We proudly serve a diverse range of automotive dealerships providing industry-specific financial guidance tailored to their unique needs including:

New Car Dealerships
Used Car Dealerships
Auto Parts Dealers
Auto Auction Companies
Brand-Specific Dealerships
Motorsports Dealers

CPA & Business Consulting Services For Automotive Dealership Industry

Monroe Shine provides a wide range of specialized CPA and business consulting services for automotive dealership clients.

Traditional Financial Reporting

Monroe Shine delivers accurate and timely Traditional Financial Reporting for automotive dealerships to support informed decision-making and regulatory compliance. Our CPAs provide detailed balance sheets, income statements, and cash flow reports tailored to the unique financial structures of dealership operations.

Tax Compliance & Planning Services

Our comprehensive Tax Compliance & Planning Services for automotive dealerships ensure adherence to complex tax regulations while identifying opportunities for savings. Our CPAs specialize in dealership-specific tax strategies that minimize liability, optimize deductions, and support long-term profitability.

Internal Control Reviews

We conduct thorough Internal Control Reviews for automotive dealerships to identify weaknesses, prevent fraud, and enhance operational efficiency. Our CPAs evaluate and strengthen your dealership’s accounting systems, inventory controls, and cash handling processes to ensure regulatory compliance and financial integrity.

LIFO Elections & Computations

Monroe Shine provides expert Last-In, First-Out (LIFO) Elections & Computations services to help automotive dealerships manage inventory costs and reduce taxable income. Our CPAs navigate IRS compliance and calculate LIFO reserves accurately, enabling dealerships to improve cash flow and gain a competitive financial edge.

Cost Segregation Studies

Our Cost Segregation Studies for automotive dealerships accelerate depreciation and significantly reduce federal tax liability on facility investments. Our CPAs analyze your dealership’s real estate assets to reclassify components for shorter depreciation timelines, improving cash flow and maximizing tax savings.

Uniform Capitalization Issues

Monroe Shine helps automotive dealerships navigate complex Uniform Capitalization (UNICAP) rules to ensure proper inventory cost allocation and IRS compliance. Our CPAs provide expert guidance on capitalizing direct and indirect costs, minimizing audit risk, and optimizing your dealership’s tax position.

Inventory Management

Our specialized Inventory Management services for automotive dealerships improve accuracy, reduce carrying costs, and optimize profitability. Our CPAs help you implement effective tracking systems, analyze inventory turnover, and align your inventory strategy with dealership sales goals and tax efficiency.

Personal Use Of Company Demos

Monroe Shine provides expert guidance on managing the tax implications of Personal Use of Company Demos within automotive dealerships. Our CPAs help you establish compliant policies, accurately track demo usage, and properly report fringe benefits to minimize IRS scrutiny and avoid costly penalties.

Tax Treatment Of Dealer Discounts

Monroe Shine advises automotive dealerships on the proper Tax Treatment of Dealer Discounts to ensure accurate reporting and IRS compliance. Our CPAs help you differentiate between promotional incentives and true discounts, optimizing tax positions while minimizing audit risk.