Your business is cars, but the back office and your people are the engine. You shouldn’t lose money because of federal and state law crackdowns, IRS scrutiny or other risks.

LSL CPAs provides proactive oversight of your taxes, operations and succession plan to improve cash flow and help you succeed. Our automotive group advises on every aspect of a successful auto dealership: parts, service and cashier operations, payroll and benefits, inventory management, real estate investments, banking, regulatory issues and leadership retention or transition.

To preserve the profits and value of auto dealerships, owners and general managers have counted on LSL for more than 30 years.

Top Benefits of Consulting with LSL CPAs

Expertise in assurance, tax and business operations specific to auto dealerships Exposures to IRS scrutiny or other risks Additional tax and operational savings Internal processes and controls Employee competence and efficiency Operational business value for future transition or sale Strategic planning for IT investment, expansion and M&A

Compliance

Compliance

Compliance

Audits, Reviews and Compilations of financial statements
401(k) audits
Tax return preparation and planning
1099 reporting
LIFO computations and compliance
Comprehensive income and estate tax planning and projections
Unclaimed property laws (Escheatment)
Demo allowance calculations
8300 compliance
Commission/payroll calculations
SWIM and VSC elections
Used car write-downs
Tax planning and structuring for complex business transactions
Uniform capitalization
Tax consulting on mergers and acquisitions

Performance

Performance

Performance

Analytical and management/CFO advisory services
Budgeting and forecasting
Operational reviews
Financial planning
Outsourced CFO/Controller services
Capital expenditure and finance planning
Gross profit margins and pricing support
Specialized services referrals (cost segregation, business valuation)
Production policies and procedures

Strategic

Strategic

Strategic

Merger & Acquisition strategies
Succession planning
Strategic planning
IT strategic planning
New location or expansion planning
Real estate strategies for tax purposes
KPI reporting development and interpretation – tax impacts
Ongoing owner/board advisory