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Dealerships Featured Offerings Accounting Method Changes Taxes can be reduced and cash flow improved with tax optimization strategies and accounting method changes which may be able to benefit your dealership. Our years of experience serving dealerships tell us many dealerships are not taking advantage of every available tax savings opportunity. Every tax dollar deferred is another dollar to invest in your dealership. Crowe Horwath LLP helps your company re-evaluate accounting methods to consider tax-efficient strategies. Where feasible, we can help you accelerate deductions for inventory costs, optimize LIFO (last in first out) benefits, and defer tax on interest assistance. Our tax consultants also perform cost-segregation studies to help you accelerate depreciation. Additional possibilities include accelerating deductions for advertising and prepaid expenses, deferring tax on internal profit related to reconditioning, and deferring income from advance payments. Our tax consultants work exclusively with dealerships – we have worked with more than 600 at last count. With Crowe, you can count on industry and tax specialists to give you expert advice and service. For additional information, please contact Rebecca Dunsworth at 630.586.5116 or rebecca.dunsworth@crowehorwath.com.
Under U.S. Treasury rules issued in 2005, we must inform you that any advice in this communication to you was not intended or written to be used, and cannot be used, to avoid any government penalties that may be imposed on a taxpayer. |
