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Dealership Consulting
and Financial Support Services
The constantly changing environment
of the automotive industry places enormous pressures
on dealers and their accounting personnel. Dean, Dorton
& Ford has a solid team of industry specialists
who can perform a comprehensive range of consulting
and financial services designed to improve your bottom
line.
Working together as a team, we can provide the support
that will enable your dealership to operate more efficiently
and to increase profits. Our goal is to develop a long-term
relationship with you and your employees that will enhance
your dealership's operations for many years to come.
That takes specific know-how, and we deliver it.
Focus on increasing the dealer’s bottom line —
that's our prime target, and our experience with dealerships
and extensive industry training helps us provide many
value-added services that can really make a difference.
Services for Automotive Dealerships
Cost Segregation Studies
Our cost segregation professionals
can generate cash tax savings by carving out shorter-lived
assets normally embedded in a building's construction
or acquisition costs, which typically have much longer
depreciation periods. The result is often very substantial
savings, many times in excess of $100,000.
Monthly Financial Statements Review
We know that dealers often don't have time to give their
monthly financial statements the analysis and scrutiny
necessary to make key decisions. We analyze your monthly
financial statements and provide you with comments and
suggestions to improve your financial performance.
Internal Controls Review
Many dealerships do not have an accounting staff large
enough to ensure proper internal controls. We can recommend
and implement controls to reduce your risk of theft
and fraud.
Departmental Performance Analysis
Regardless of whether it's New, Used, Parts, or Service,
we have experience in analyzing all dealership departments
to help your efficiency and profitability.
Benchmarking and Ratio Analysis
We offer several benchmarking tools, along with ratio
analysis, that can show you how your dealership is performing
compared to similarly sized dealerships throughout the
region and the country. These tools also help you measure
the overall profitability, efficiency, and liquidity
at your dealership.
Purchases and Sales of Dealerships
We often help clients acquire, sell, and merge stores,
both with third parties and key personnel. We can handle
the details that ensure that the transaction makes the
most business sense.
Dealership Valuations
We can help you determine the value of a dealership
for circumstances such as estate planning, divorce,
sale, purchase, or merger. Two of our CPAs were among
the first group to be Accredited in Business Valuation
(ABV) by the American Institute of Certified Public
Accountants.
Buy-Sell Agreements
We've structured a variety of agreements relating to
key employees, estate plans, and other needs to help
you protect your business interests.
Fraud Investigation
Our automotive team specialists have been trained to
detect and reduce the risk of fraud in dealerships.
And you know how important that is!
Litigation Support
We provide consulting or expert witness services in
a litigated or mediated issue for a number of our clients.
Lawsuits and mediations often require financial or operational
expertise. For example, we can estimate the lost profits
resulting from someone's failure to abide by the terms
of a contract. We want to be at your side when you need
us most.
Technology Consulting
We can assist you in implementing accounting systems
software, evaluate and recommend information systems,
and even provide IT project management and technical
support as needed.
Office Manager Training
Our CAFM program has been successful with our two-part
financial training and certification program, and we
now offer continuing education for those who wish to
become certified.
Hiring New Accounting Personnel
We often help dealers with ad placement, screening resumes,
and formal interviews for new accounting personnel,
ensuring that your staff meets your needs.
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