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Dealership Team |
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Somerset is a firm of business advisors who take a direct, hands-on
interest in our clients' well-being. Because of our comprehensive
mix of both traditional and non-traditional services, we serve the unique needs of dealers and their dealerships.
For internal dealership management or
for the outside CPA, our staff of automotive specialists in every area
of the dealership serves as an extension of your own resources. We have
spent the time training our staff, so that your staff does not waste
their valuable time "training the auditors."
We know you are passionate about your business.
Likewise, Somerset professionals are
passionate about helping drive your business to
success.
The following list, while not all inclusive, is an
indication of some of the special projects our professionals have
regularly performed for dealers to help them succeed in today's business
environment.
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Dealership Consulting Services |
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Valuations of dealerships
- Acquisitions and sales of dealerships (including
the actual negotiations)
- Cost segregation studies for recently acquired
or constructed facilities
- Expense reduction reviews and cost control
solutions
- Fraud auditing, control and litigation support
- Negotiating insurance premiums and coverages
- Operational reviews for lost profit
opportunities
- Safeguards reviews (including assessment and
staff training)
- Government regulation compliance reviews
(including Privacy Act, OSHA, EPA, etc.)
- BHPH (and LHPH) profit opportunity and tax
consulting
- Banking matters
- Benchmarking
- Warranty reviews
- Negotiating computer system purchases
- Parts physical inventories (counts and controls)
- Best practice consulting
- Fixed operations consulting
- Franchise applications
- Producer owned reinsurance company and retro
program issues
- LIFO calculations and issues
- Sales tax audit and recovery services
- Service department traffic and profit
improvement
- Cash flow analyses and improvement consulting
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Assurance Services |
- Audit, review and compiled financial statements
- Employee benefit plan audits
- Bookkeeping services
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Tax Services |
- Corporate and partnership tax returns
- Individual income tax returns
- Individual and corporate tax planning
- Creative tax strategies
- Multi-state tax planning and strategy development
- Sales, use, property and excise tax analysis
- Gift and estate tax planning and returns
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| Dealership RPMs |
Our last
Dealership RPM will be on November 19. Our 2009
Dealership RPMs will be scheduled soon. During these roundtable
professional meetings, Somerset professionals will lead the group in
discussions about current events and hot topics impacting the industry.
You will have the opportunity to meet with your peers and share your
ideas and experiences. Guest speakers will also join the meetings from
time to time. Each of these meetings will be held in the
Somerset Conference Center (3925 River Crossing Parkway, First Floor;
Indianapolis; 46240) from noon to 4:00 p.m. and include a catered lunch.
Visit the Seminars
page for details and to sign up or
contact us with questions.
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| Dealership
Team Video |
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For a video
message about the Somerset Dealership Team, please click the image
below. (You may need to
upgrade or install
Adobe Flash Player--it
is a free software.)
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Publications and Resources |
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Presentations |
Somerset professionals are available to speak to
dealer associations, 20 groups, etc. Below is a list of some of
the dealership-focused topics we have presented in the past.
- Difficult Times: How the Controller Can Improve Dealership
Profitability - This topic was presented by our Dealership Team
to an association of dealers in Tampa, Florida in November, 2007.
If you would like to receive a copy of the presentation,
please contact us.
- Dealership Theft Schemes
- Insurance: How to Get Both the Proper
Coverage and the Best Premium
- Buying, Selling and Valuing Automobile
Dealerships
- Warranty Audit Problems
- Use of Discounts and Premiums in
Determining the Value of a Business
- Estate Planning and Business Valuation
Update
- Preventing Theft
- Current Dealership Issues
- The Art of Buying and Selling Dealerships
- Computer Solutions to Dealership Theft
Opportunities
- Automotive Dealership Level 1 Office
Manager Training
- Corporate
Structure
- Cost
Segregation Studies
- Asset
Protection Strategies
- Captive
Insurance Companies
- Tax Reduction
Strategies
- Negotiating
Strategies
- Employee
Theft Issues
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Contact Us |
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Find out how
Somerset CPAs
can help you look at your dealership in a unique way. Call us today at
317-472-2200 or 800-469-7206 and request a complimentary initial
consultation. |
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6 Printable
Brochure |
