Automotive

Federman, Lally & Remis has a robust history in the automotive industry. The firm specializes in providing accounting, audit, tax and industry related services to automotive dealerships. We understand the importance of having a team of professionals, with a solid foundation in dealership issues and accounting, to work with you on the unique and ever changing challenges you face in the automotive industry. Through our accomplished personnel and our specialized industry knowledge, we are able to provide dealerships with financial expertise as well as creative solutions to the broader business issues that will shape your future.

The most impressive feature of the Federman, Lally & Remis automotive team is its continuity. Our people have deep expertise drawn from years in this industry. Clients appreciate seeing the same people and develop strong working relationships with our professionals. We are active members in automotive industry associations and our experienced personnel have strong relationships with leading service professionals throughout the industry. Our staff has received extensive special automotive training including, but not limited to, automotive computer systems, parts inventory management and dealership tax issues. We live in your world. We know what period 13 is, and what it means to be upside down on a trade in.

Our dedicated automotive professionals are committed to assisting dealerships achieve success in today’s competitive environment. We have devoted a substantial amount of our professional careers to the automotive industry and have extensive experience on issues pertinent to automobile dealerships and their principals. As advisors, we add a dimension of in-depth knowledge regarding the automotive industry. We encourage you to learn first-hand of our service capabilities and qualifications.

Dealership Services

We provide our dealerships with a range of services designed for, and focused on, the automotive industry.

  • Dealership acquisitions and due diligence
  • Internal control reviews
  • Dealership valuations
  • Operational analysis
  • LIFO
  • Employee training for controllers and officer managers
  • Financial statement and management report analysis
  • Cost segregation studies
  • Profit enhancement analysis
  • Projections, forecast and budgets
  • Employee pay plans
  • Cash reporting
  • Audits, reviews and compilations
  • Income and estate tax planning and preparation
“We understand the importance of having a team of professionals with a solid foundation in dealership issues and accounting to work with you on the unique and ever changing challenges you face in the automotive industry.”