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Friedman LLP

Automotive

Automotive

Steering your business towards financial success.
  • Overview
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Overview

Reinvention is the name of the game in the automobile industry. From shifting buyer preferences to large-scale consolidation and more, independent automotive dealerships and franchises must continually adapt their business practices to remain profitable and efficient. Count on Friedman for highly personalized accounting, tax and consulting services to help you optimize today's operations and plan for tomorrow's opportunities.

With more than a quarter-century of experience working with major automotive businesses and dealership groups, Friedman understands the forces that continue to reshape this dynamic industry. Our automotive accounting services are designed to fast track your dealership's financial performance - helping you stay profitable and compliant in today's environment.

No one knows better than automotive industry veterans how superior client service guides success. Friedman's professionals bring deep expertise and broad business acumen, while offering a client-centric service approach that features:

  • Personal attention from senior-level practitioners on down
  • Prompt answers to questions and quick resolution to issues
  • Proactive communication
  • Timely execution
  • Insight from experienced professionals who have traveled this road many times before

To shift your financial performance into high gear, connect with a member of the Automotive Services team, or contact us.

Service Menu

Going beyond traditional accounting, audit and tax services, Friedman will help you drive profitability and growth with services that include:

  • Cost segregation studies
  • Sales tax and demonstration vehicle tax consulting
  • Trade discount assessments
  • Dealer discount and other invoice assessments
  • LIFO accounting
  • Additional §263A cost capitalization consulting
  • Fixed asset consulting
  • Representation at tax examinations

Insights & Events

  • April 8, 2022 This Week In Tax | April 8

    Congress has introduced two bills of interest to the automotive industry — the first addresses dealers' LIFO inventory concerns and...

    Read more
  • April 8, 2022 Congress Has an Auto Fixation: LIFO and Autofill Act of 2022

    Auto #1 – Auto Dealers LIFO Inventory Issues You may recall that in January we told you about how supply chain...

    Read more
  • November 4, 2021 The Tax Credits Already Available for Electric Vehicles

    In a press briefing on August 5, President Biden announced a strategy favoring a shift towards Electric Vehicles (or “EVs”)...

    Read more

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      Navigating PPP and the ERC

      Get expert advice to take advantage of both relief programs and reap the greatest value 

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    People

    People
    • Barry Eckenthal
      Barry Eckenthal
      CPA, Partner Emeritus
      beckenthal@friedmanllp.comp 973.929.3520
      f  973.929.3521
    • Marc P. Eidelberg
      Marc P. Eidelberg
      CPA, Partner
      meidelberg@friedmanllp.comp 973.929.3530
      f  973.929.3531
    • Meet more of the team

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