Automotive and Heavy Truck Dealerships

Our team of automotive and heavy truck professionals help dealers drive profits !

An in-depth knowledge of the Automotive industry’s unique taxation and accounting is required for your business to grow. From understanding the ever-changing factory financial statement filing requirements to inventory valuations to industry-specific software, Masters, Smith & Wisby, P.A. takes care of our dealers. Our dedicated team helps you protect your assets, identify opportunities for growth and present tax savings strategies.

If you are looking for an automotive CPA firm to provide specialized accounting and business advisory services, with extensive experience, don’t hesitate to contact us. Our dealership services include:

  • Audit and accounting services
  • Compliance auditing
  • Bank reconciliation services
  • Business succession planning
  • Cost segregation studies
  • Dealer applications
  • Dealership valuation studies
  • Employee benefits and deferred compensation agreements
  • Estate planning
  • Executive compensation issues
  • Fixed asset analysis
  • Form 8300 compliance
  • Government tax incentives
  • Internal control reviews
  • Inventory controls
  • IRS Change of accounting filings
  • LIFO inventory calculation and compliance service
  • Local, State and Federal tax preparation and planning
  • Operational reviews
  • Payroll and property tax returns
  • Review and consultation on buy/sell agreements
  • Tax free exchanges
  • Tax planning and compliance

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