Industries We Serve
Dealership Accounting
Accounting, Tax, and Advisory Services for Automobile Dealerships
Automobile dealerships operate in a complex financial environment that requires specialized accounting knowledge, accurate inventory management, and proactive tax planning.
Topel Forman provides dealership accounting, audit, and tax services designed specifically for automotive retailers. Our professionals understand the operational and financial challenges dealers face — from floor plan financing and inventory valuation to performance analysis and long-term tax planning.
We help dealership owners and management teams maintain accurate financial reporting, improve profitability insights, and make informed strategic decisions.
Financial Reporting and Accounting For Automobile Dealerships
Dealership financial statements must reflect complex inventory structures, manufacturer programs, and financing arrangements. Our team assists dealerships with:
- Financial statement reviews and compilations
- Floor plan reconciliation and inventory accounting
- Manufacturer incentive and rebate accounting
- Dealership performance tracking and financial analysis
- GAAP-compliant financial reporting
- Internal accounting process improvement
We help ensure your financial statements provide accurate insight into dealership performance while supporting lender and manufacturer requirements.
Dealership Inventory, LIFO, and Cost Segregation Expertise
Inventory accounting and depreciation strategies play a significant role in dealership profitability and tax planning. Topel Forman supports dealerships with:
- LIFO inventory calculations and compliance
- Cost segregation studies
- Depreciation and equipment planning
- Fixed asset accounting
Our professionals work closely with management to ensure these strategies align with both financial reporting requirements and long-term tax objectives.
Tax Planning For Dealership Owners and Shareholders
Automobile dealerships often operate as closely held businesses with complex ownership structures. We provide proactive tax planning that considers both the dealership entity and its owners, including:
- Annual and long-term tax strategy
- Entity structuring and restructuring
- Shareholder tax planning
- Estate, gift, and trust planning
- Succession planning for family-owned dealerships
- IRS audit support
Our integrated approach helps dealership owners manage tax exposure while planning for future transitions.
Guidance Beyond Year-End Compliance
At Topel Forman, our relationship with dealership clients extends beyond financial statements and tax filings. We work with dealership leadership teams throughout the year to:
- Monitor financial performance
- Identify operational improvements
- Support financing and lender relationships
- Navigate tax law changes affecting dealerships
- Plan for ownership transitions and growth
Our goal is to provide proactive, practical guidance that helps dealerships operate efficiently and plan confidently for the future.
Talk To An Advisor
Jason Glickley
Robert Naselli
Industries We Serve
Brokers/Dealers
Every broker-dealer faces a unique set of challenges, including revenue recognition, fair value measurement, SEC and FINRA filing requirements, regulatory compliance and more.
CLOSELY-HELD BUSINESSES
Closely held businesses and their owners benefit from Topel Forman’s extensive tax and accounting experience tailored to the needs of a wide range of industries, entity types, and business structures.
Construction Accounting
Topel Forman understands the specialized accounting, tax, and consulting issues affecting the construction industry.
Dealerships
Topel Forman has years of experience in serving the unique need of automobile dealerships.
Employee Benefit Plans
Every company is different. Every retirement plan is unique. Every employee depends on the plan’s trustees to protect the integrity of their contributions and retirement investments.
High Net Worth Individuals
Topel Forman is a trusted name in high–net-worth tax planning, with extensive experience and a well-earned reputation for integrity, professionalism, and responsiveness.
Investment Companies
Investment companies face close scrutiny from the IRS, regulators and clients. Topel Forman offers a personalized approach working seamlessly with fund managers and accountants.
Manufacturing & Distribution
Topel Forman provides a wide range of accounting and audit, tax and consulting services to companies in the manufacturing and distribution industries.
Not-For-Profit Organizations
Not-for-profit organizations and private foundations face cumbersome tax compliance and auditing reporting requirements.
Private Equity
Topel Forman offers private equity accounting, tax and consulting services with a focus on understanding the unique challenges your business faces in order to deliver personalized results.
Professional Service Corporations
Professional services corporations (PSC) benefit from our hands-on approach to accounting, tax, and consulting services.
Real Estate
Topel Forman provides experience for real estate accounting and tax compliance that few firms can match, while offering the personalized attention and close teamwork we are best known for.
Technology
As an accounting firm with many clients in the technology industry, we provide agile services to support you from start-up to a successful exit strategy.