Automotive Dealerships

Macpage audit and tax specialists have been providing high-quality services to automotive dealers for over 30 years. We understand how important it is to work with people who thoroughly understand your industry, can offer a wide range of primarily in-house integrated services and tailor them to meet your needs. During planning and year-end tax and review, your team director will work on site with you.

Macpage is a leading integrated professional services provider to approximately 40 dealerships throughout New England. We are a founding member of the Auto Dealer CPAs serving approximately 1,000 dealerships across the United States.

Dealership Controller Roundtables

Periodically we host regional seminars for controllers, chief financial officers and office managers.

Dealership Services

  • Benchmarking and industry comparisons
  • Business valuation
  • Cash management
  • Cost segregation to accelerate depreciation deductions
  • Employee benefit plan consulting
  • Financing assistance
  • Gift and estate tax planning
  • Internal control recommendations to protect assets
  • IRS examination representation
  • IT General Controls Review
  • LIFO calculations and compliance
  • PORC planning and compliance
  • Profit improvement plans
  • Sales and acquisitions assistance
  • Sales tax audit assistance
  • Strategic planning facilitation
  • Succession planning
  • Tax planning strategies
  • Warranty reimbursement assistance
  • Vendor contract reviews for cost savings

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Auto News Articles

IRS Tightened Tax Rules for Tool Reimbursement Plans

July 6, 2016

Certain payments made to employees under tool and equipment programs are subject to income tax withholding and employment tax, according to a document released by the IRS. Many companies in the automotive industry are affected by this because they operate tool reimbursement plans. Take a look at what the IRS requires in order to qualify as an "accountable plan," which is exempt from both employment taxes and income tax withholding.

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Buy-Sell Agreement: Be Ready for Unforeseen Events

July 6, 2016

In the day-to-day tasks that dominate your dealership, you may not give much thought to a succession plan. But what would happen to your firm if one of the owners died or became disabled? Here are some crucial questions to ask when drafting a buy-sell agreement.

One...
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Consider an ESOP to Fuel Your Auto Dealership

May 3, 2017

It's become difficult for some automobile dealerships to meet the economic challenges of today's competitive marketplace. This is especially true for cash-strapped owners who have much of their wealth tied up in business operations. Fortunately, an Employee Stock Ownership Plan (ESOP) may provide some relief. This article explains ESOPs, which can also provide C corporation owners with a tax-saving exit strategy.

An...
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