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

Update on Home Mortgage Interest Deductions

April 6, 2017

Are you a home owner with a mortgage? If your itemized deductions include "qualified residence" interest, you should be aware of the IRS rules that apply and that new Form 1098 reporting requirements went into effect this year. Beware: The deduction you're allowed to take may not match what your bank reports on Form 1098 — and the IRS may target this deduction in audits of 2016 tax returns and beyond.

If...
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Auto Dealers: How Secure is Your Customer Information?

March 1, 2017

You no doubt know that the Federal Trade Commission requires auto dealerships to have a comprehensive plan in place to protect sensitive customer information, under the Gramm-Leach-Bliley Act. Is your dealership is in full compliance with the requirements of the Safeguards Rule? Here are the details, along with a four-step self-audit.

Certain...
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Why Your Dealership Needs Good LIFO Records

March 1, 2017

The Last-In, First-Out (LIFO) method of inventory accounting can provide significant tax benefits. But it also requires your dealership to maintain comprehensive records. Take a look at the basic requirements and how your tax advisor can assist in avoiding future complications.

Recordkeeping...
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