The Expertise You Need to Move in the Right Direction
Protecting your assets, finding innovative tax savings strategies, and identifying opportunities for growth are challenges for any business, but they’re even more difficult for automotive dealerships. KSM’s depth of knowledge in tax planning and financial management, coupled with our experience working with new and used car dealerships, enables us to find solutions others might overlook.
We stay on the cutting edge of the industry through our active involvement in the National Alliance of Auto Dealer Advisors, a group of accounting firms representing more than 1,000 dealerships across the country.
Because we understand the needs specific to dealership franchisees and have proven expertise in tax planning, assurance services, and general business consulting, we can help keep your dealership moving in the right direction.
Buy Here – Pay Here
Running a buy here – pay here (BHPH) dealership and related finance company can be complex. Add to that the pressure of developing new lender relationships, improving operational efficiency and profitability, maintaining accurate financials, and keeping compliant with changing tax laws, and it can quickly become overwhelming. That’s why our solutions for the BHPH industry focus on simplifying the complex so you can run a more successful dealership.
As the premier tax firm serving the BHPH industry, KSM has decades of experience helping BHPH dealers across the country navigate complex tax issues. As a leader in the industry, we’ve even addressed BHPH topics with the IRS’s national office. Whether related to the typical two-entity BHPH structure, sales and use tax, or reinsurance and warranty programs, our tax strategies help BHPH dealers minimize their tax liability and proactively prepare for the future. Simply put, our BHPH tax expertise is unrivaled.
Our understanding of the unique nature of your BHPH business and its associated risks means that reviews and audits are performed with efficiency. We analyze loan portfolio performance and help clients understand their static pool data, enabling them to make better, more informed decisions. Our team can also help you make sure your internal controls are effective and on par with the industry, including those related to your IT environment.
Our consulting services help you streamline your business operations, whether that is through outsourced finance and accounting support or assessing profitability drivers and monitoring key performance indicators.
KSM goes beyond the numbers in serving our clients’ needs. Our emphasis on sustaining strong personal relationships and our unyielding focus on improving our clients’ profitability distinguish us as your ideal service provider. Our goal is to help you be more successful.
Lease Here – Pay Here
There are many reasons why dealers decide to operate as a lease here – pay here (LHPH) – the return on asset, residual cash flow, and preferential sales tax rules in many states. But running a LHPH dealership comes with some additional complexities. That’s why you need an experienced partner to help you navigate challenges and maximize your operations.
KSM is the leading firm offering services designed specifically for the LHPH industry. Careful planning up front is necessary to ensure that the desired outcomes – and the benefits of the LHPH model – are achieved. And we can help you get there.
Our team of tax professionals can address all aspects of taxation – whether federal, state and local, or even sales tax – to ensure you remain fully compliant and are maximizing every opportunity. Using our detailed knowledge of specialty finance companies, we can help you design the optimal structure for your LHPH business, whether you’re getting ready to open your doors or want to optimize existing operations.
We’ll also help you establish effective internal controls, audit your IT systems, and implement policies to ensure your financial reporting is as accurate as it can be. And if you need help assessing your lease portfolio performance or determining how to improve your LHPH dealership’s profitability, we’ve got you covered.
Ready to Shift Your Dealership Into High Gear?
If you’re ready to optimize your dealership’s financial picture, our team of experienced dealership specialists is ready to help. Contact us today to get started.
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