We're car people... we just happen to be CPAs too.
The HHM Dealership Services Group provides over 250 dealerships across the nation with highly personable service. We excel in the dealership space because many of our professionals have experience working in the industry. Because of our strong résumés, we’re able to discover small ways to get big returns for our clients.
It’s hard to put into words all of the ways we have helped our dealership clients, so we’ll put it in numbers. Over the years, we’ve helped our clients close $500,000,000 worth of deals. We’ve analyzed a client's reinsurance company organization, fees, and product mix and found $90,000 they could start saving. Then there was the time we simply restructured a client's buy/sell documents and wound up saving them 1.5 million dollars.
When you have a clear long-term roadmap for your organization, you can accomplish more. We can help you get there by preparing your Federal and State tax returns, cost segregation studies, estate planning, and proactive tax planning. Best of all, we’ll put it in writing and get it to you with enough time to implement.
You do more than sell cars—your dealership is your family’s livelihood. This livelihood can reach far beyond immediate families, impacting key personnel within the dealership. Now is the time to start planning for the future. Trust our professionals to help you create an estate plan to care for your loved ones for many years to come.
Do you have a viable exit plan in place? Let us give you peace of mind by ensuring that your ownership is distributed as you wish and that the business you have so carefully built benefits the ones you love. We have extensive experience in working with our clients and addressing family issues while working under the constraints of the manufacturers.
Are you looking for a better way to handle LIFO? Our LIFO process is efficient and your records will be returned to you in a paperless format for easy storage. Remember: your LIFO records are permanent items.
INTERNAL CONTROL REVIEWS
Have you taken the necessary steps to guard against theft and reporting errors? Sleep easy at night knowing that HHM experts have identified any potential weaknesses in your dealership. We’ll work with you to establish controls or checks and balances to hinder errors and employee theft.
Do you wish there was a method to discover ways to improve your operations? We can audit, review, and compile financial statements to find more advantages for your dealership. We provide our dealership clients with forecasts and projections. Then, we identify concerns that we review at the end of the engagement.
You can spend years—maybe even a lifetime—building your business. We understand how hard it is to put a value on your labor of love because we’ve been building our own business for over 20 years. After being involved in well over a billion dollars of dealership transactions, we’ve learned the best way to discover what your dealership is truly worth.
COST SEGREGATION STUDIES
Would you like to increase your near-term cash flow? We can speed up your deductions with a cost segregation in the form of a tax deferral that uses shorter depreciation periods. As a result, you will receive a better return on capital from the investment you’ve made in your property. Whether your buildings are newly constructed or a little older, cost segregation studies can benefit your dealership.
401(K) PLAN SERVICES & INVESTMENTS
A huge part of running a successful dealership is having a viable exit plan in place. Proactive planning can ensure that your ownership is distributed as you wish and that the business you have so carefully built benefits the ones you love.
Have you struggled to find a firm with expertise in litigation? Our staff holds certifications and licenses in business valuation and financial forensics, including: Certified Public Accountant (CPA), Certified Valuation Analyst (CVA), Master Analyst of Financial Forensics (MAFF), and Certified Fraud Examiner (CFE).
Instead of relying on Google to find answers to all your questions, let us help educate your team. If you have a topic or issue you want to learn more about, we’ll arrange an onsite briefing for you and your employees — or we can host an event at our Chattanooga or Memphis office.