Accounting Business Services For Auto Dealers

Our Automotive Services Group offers a wide range of specialized services geared to benefit the individual dealer, including:

• Accounting, Assurance and Advisory
• Tax Planning and Compliance Services
• LIFO Consulting and Compliance
• Cost Segregation Analysis
• Business Succession Planning and Exit Strategies
• Estate Planning
• Business Valuations
• Buy/Sell Planning and Due Diligence Analysis
• Fraud Investigations
• Litigation Support
• Cash Management Analysis
• Compensation Plan Consulting
• Employee Benefits Consulting
• 401(k) Plan Consulting and Administration

Services for Dealer Advertising Associations

Our Automotive Services Group also provides accounting and tax services to Dealer Advertising Associations, which manage funds used by regional dealership groups to advertise vehicles within their designated marketing areas. Schneider Downs’ core services to our Dealer Advertising Association clients include the following:

• Daily Bookkeeping - Administration of all daily bookkeeping functions
• Monthly Bank Statement Reconciliation
• Financial Statements and Schedules - Preparation of monthly compiled financial statements and supplementary supporting schedules
• Distribution of financial statements to authorized recipients
• Income Tax Returns - Preparation of federal and state (if applicable) returns

Specialized Accounting, Tax and Business Advisory Services for DAAs:

• Attendance and presentation of financial information at periodic Board of Directors’ meetings
• Assistance with annual financial and/or compliance audits, as performed by independent certified public accountants in accordance with the requirements of the manufacturer (if applicable)
• Preparation of federal Forms 1099 – Miscellaneous Income Information Returns
• Tax advisory matters and assistance with the resolution of Internal Revenue Service inquiries
• Assistance with incorporation issues, drafting of by-laws and other organizational matters
• Preparation and independent tabulation of ballots with respect to elections and other important voting matters of the association