Auto Dealership Accounting

Auto Dealership Taxation & Accounting Advisory Services

At Lauterbach, Borschow & Co., we have provided auto dealership accounting in El Paso and southern New Mexico for many years, helping business owners with financial solutions customized to their unique needs. We understand the tax and financial issues the automotive sales industry face, including last-in-first-out (LIFO) inventory accounting, owner compensation and distributions, and buy-sell transactions. Our firm is prepared to help you find solutions to these challenges and more.

To schedule a business accounting consultation for your auto dealership, contact our office today!

Accounting Advisory Services for Auto Dealerships

Tracking and managing expenses for a large dealership with high inventory volume is a detailed process. Even if you operate a small business, it is a challenge to run your back office while helping your company grow and develop. Lauterbach, Borschow & Co. can help you determine the best strategies and processes for maintaining a budget and ensuring your tax plan establishes limited liability. Our accounting advisory services include:

Cash flow management
Revenue recognition
Expense tracking
Financial analysis and benchmarking
Income projection
Internal control assessments and implementation

We can help clients implement the right internal accounting processes and provide high-level analysis to improve compliance and ensure the proper reporting of sales, expenses, and capital items.

Auto Dealership Tax Planning and Preparation

When it comes time to prepare your tax returns, our team helps you avoid over-taxation and apply for all necessary credits. During your tax consultation, we can also help you understand the impact of leasing versus buying, proper entity selection and structure, and lowering risk for an IRS audit.

Ask Lauterbach, Borschow & Co. about Tax and Accounting!

If you own and operate an auto dealership, call the tax and accounting professionals at Lauterbach, Borschow & Co.. Our dedicated team of financial experts can help to implement correct accounting processes and procedures and establish a mindful tax plan. Contact our office today to learn more about how we can help you operate your business more efficiently.