Auto Dealerships

Accounting for Auto Dealerships in Texas

Auto dealerships in Texas have worked with Weinstein Spira on structuring ownership of various independent franchises under a consolidated business entity, on tax minimization and tax planning, uniform capitalization and the LIFO method of accounting for inventory.

We understand the world of dealerships, just as we understand the value to you of planning ahead.

Our team will efficiently conduct audits and provide you with a comprehensive management letter that addresses items such as accounting systems improvements, internal controls and other matters. We will also advise you on succession planning and wealth transfer.

You will gain a deep consulting relationship with professionals who can address tax ramifications of various transactions that typically arise in the auto dealership business. We will also handle IRS examinations successfully and eliminate surprises. We will help you ensure a successful business legacy long after you retire.

If you want to know what’s trending in the Texas auto dealership industry, contact John Toth, Tax Shareholder, or Andy Dube, Audit Shareholder.

Industries We Serve

Weinstein Spira’s team devised a model that would help us minimize the effects of the franchise tax back when it was a significant issue for our company.

Mike Gross

CFO, Helfman Dodge

Latest Insights

My Experience as a Post-Pandemic Auditor

My Experience as a Post-Pandemic Auditor

The effects of the COVID-19 pandemic are seen across all industries, and the field of auditing is no different. Before the pandemic, auditors were known to be out in the field working at clients’ offices every day during busy season. Audit teams would spend most days...