Case Studies

Case Study 1

Situation: A new client, a two store dealership group, wanted a review of their prior tax returns and any tax planning ideas that were available to use for dealerships.     

Result: After a review of their prior year returns we found an error that allowed us to amend their returns for $48,000 in refunds. We then implemented several ideas that were applicable to the dealerships that we service including a LIFO analysis, cost segregation study, trade discounts and a compensation analysis. These ideas rendered a combined tax and cash flow savings in excess of $320,000.

Case Study 2

Situation: A new dealer client was being phased out with one of his franchises and wanted a review of the tax treatment of this transaction.     

Result:  Upon discussion and review of the facts and circumstances, it was discovered that the transaction was not recorded properly and an amended return will recover $54,000 of taxes as a refund.

Case Study 3

Situation: A dealership client was offered an opportunity to purchase an additional location and franchise and needed assistance with the transaction.   

Result: We created a corporate structure that provided a level of flexibility with the manufacturer as well as a very tax advantageous scenario for our client. We assisted throughout the acquisition process.  After all was done the client said "I couldn't have done this without you guys. Thanks."