Dealerships

Business Solutions for Automotive Dealerships

We get dealerships.

For 30+ years, we have helped our dealership clients achieve success by providing expert guidance and support. We take the busy work off their plates and help them keep operations running smoothly so they can focus on what matters most—growing and managing their dealership.

Whether you’re just starting out, expanding your operations, or planning your exit strategy, we offer a comprehensive range of services designed to set your dealership up for success. Let us be your trusted partner on the road to growth and profitability!

Services Offered start your planning

Our menu of services for dealerships is designed to give you peace of mind knowing you have a clear, strategic plan and day-to-day support.

Our Dealership Services

Proactive tax planning, preparation and compliance services through Davis & Hodgdon CPAs.
Outsourced accounting and bookkeeping services through Convergent Accounting.
401(k) Retirement plan services through Copper Leaf Financial.
Personalized financial, retirement, and succession planning through *Copper Leaf Financial – Fiduciary, fee-only financial advice.

Specifically, we can help your dealership with:

Tax Strategy & Compliance. Proactive, not reactive tax planning = no more surprises at tax time.

Maximize tax deductions (e.g., for depreciation, advertising, demo vehicles) and capitalize on all possible tax credits.
Ensure compliance with IRS rules specific to dealerships, such as LIFO (Last-In, First-Out) inventory accounting.
Plan for estimated tax payments and avoid surprises at year-end.

Financial Statement Preparation & Analysis

Provide monthly or quarterly reports to monitor KPIs like gross profit per vehicle, service department margins, and F&I (Finance and Insurance) performance.
Highlight trends that signal the need for operational adjustments.

Strategic Planning & Growth Advisory

Assist in budgeting for expansion, remodeling, or opening a second location.

Regulatory & Manufacturer Compliance

Help document and report metrics required by automakers for performance-based bonuses.

Cash Flow & Profitability Insights

Forecast cash flow to ensure availability for payroll, vendor payments, and inventory.
Help differentiate between profitability on paper and actual available cash.

Departmental Profitability

Break down profitability by department: new sales, used sales, service, parts, and F&I.
Help owners invest more confidently in underperforming or high-growth areas.

401k Retirement Plan Solutions Tailored to Your Dealership

Analyze your plan’s investment expenses.
Examine all fees and commissions paid to your plan’s service providers.
Create customized plans that focus on easy administration, transparent fees, high-quality service providers, low-cost portfolios.

Succession & Exit Planning

Develop a plan for business succession, sale, or family transfer with optimal tax outcomes.
Provide valuation support and financial forecasting for potential buyers.