Dealerships

The Dealerships Practice at FORVIS works with you to help drive profitability, avoid risk, increase efficiencies, and enhance productivity.

Understanding current, relevant, and upcoming industry trends is a critical component to providing excellent client service in the dealership industry. Internally, dealerships need to manage and grow talent, plan for future acquisitions, and develop innovative technology.

We view performance as a multifaceted component of successfully operating dealerships. From profitability to productivity to benchmarking and beyond, dealers constantly seek enhanced performance.

In addition, dealers face a wealth of risks. Internal threats such as occupational fraud become very real if the dealership’s internal controls are not sound. External threats such as cyberattacks are becoming more prevalent as weaknesses in operating systems and networks are penetrated by hackers. Our professionals can help you identify and assess internal and external risks so that you may implement stronger controls.

Assurance

We can help you assess your current accounting model, determine whether moving to centralized accounting makes sense for your business, and then assist as you make changes and improvements.

As a PCAOB-registered firm with an understanding of the requirements and compliance needs of highly regulated clients, FORVIS audit and assurance pros can provide assistance with:

Agreed-Upon Procedures
Audit
Review & Compilation

Tax

Growth can rapidly outstrip your tax, accounting, and reporting functions, so we provide the bandwidth for integrated tax planning and risk management. Folding these services into one relationship supports compliance while giving you a unified approach to your inbound and outbound tax management. FORVIS can assist with:

Cost Segregation Studies
Facility Credits & Deductions
Federal & State Compliance
LIFO Calculations

Advisory

FORVIS can help dealerships identify how and where to deploy their available resources effectively in addition to implementing new processes and procedures.

In addition, we can provide services to our dealer clients to help them find solutions to a wide range of challenges that they are facing in today’s world. FORVIS can assist with: