Dealership Technology Services
Dealership technology services encompasses all technology utilized by Franchised, Independent, and BHPH dealerships nationwide. These auto-tech companies include several verticals, including Digital Retailing, CRM, Business Development Center (BDC), Dealer Management System (DMS), Reconditioning Tools, Inventory Management, Process Improvement, E-Contracting, and many others.
Founders and Dealership Technology Executive Services
Founders and executives of automotive technology companies face unique situations and tax issues distinct from their businesses. Withum can offer an unmatched network of resources designed to ensure you have the skilled assistance necessary to mitigate taxes, maximize wealth and achieve your goals.
- Qualified Small Business Stock (QSBS):QSBS, sometimes called founder’s stock, is one of the ways entrepreneurs are rewarded for their hard work and dedication in getting a company up and running. The tax code currently has favorable terms for those meeting the criteria for IRC 1202 QSBS and exiting with capital gains. We can help you determine if you meet these criteria and advise on planning strategies to maximize.
- Mergers and Acquisitions: As the needs of your dealership technology business change, so do our service offerings. We provide insight into mergers and acquisitions’ compliance and tax aspects for a smooth transition.
- Secondary Sales:Auto-Tech founders often seek secondary sales for liquidity. We offer expertise when analyzing due diligence and tax consequences for your business.
- Equity-based Compensation: When it comes to understanding stock options, the list can feel endless – restricted stocks, incentive stock options, and nonqualified stock options. As a dealership technology founder, insight from the planning stage to income-tax forecasting is critical to evaluate equity-based compensation accurately.
- Tax Services: Our experts can help you understand your personal tax liability and maximize after-tax cash flow from personal tax to state and local to international taxation.
Dealership Technology Accounting and Advisory Services
Offering the auto-tech industry dependable solutions fastened with trusted guidance. We fill your needs with auto-tech accounting, revenue recognition, and internal audits. In addition to providing traditional accounting for technology companies, auditing, tax, and advisory services, our team of industry specialists can offer you expert insight in:
Dealership Technology Accounting Services
- Account Reconciliations
- SOX Compliance
- Internal Controls Assessment
- State and Federal Tax Issues
- Corporate and sales tax nexus issues
- International Tax Issues
- Outsourced Accounting Services
- Systems and procedures implementation
- Financial forecasts and budgets
Dealership Technology Advisory Services
- Auto-Tech Valuation
- Due Diligence: Sales, Mergers, and Acquisitions
- Succession and Estate Planning
- Operational & Profitability Consulting
- Cybersecurity Services
- SOC 1, SOC 2 and SOC 3 Reports
- Start-up capabilities
- Assistance with funding sources, including VC, traditional financing, PE, etc.
- Equity Structure
- IPO and SEC services
Targeted Solutions that Help You Focus on Your Vision
The incumbent automotive retailers (OEMs and Dealerships) have been slow to adopt new technologies. However, the dealership technology industry has continuously operated ahead of the curve, setting the standards of tomorrow by implementing innovative ideas founders have today. Faced with the emergence of new technologies, changing markets, rapidly increasing regulatory oversight, convergence among sectors, and global competition, dealership technology companies must execute and adapt their business models to keep pace with what’s ahead.
Related Insights
Why Dealerships Choose Withum
From formulating a strategy to implementing a solution, Withum’s dealership industry specialists will help guide you to the gateway to growth, profitability, and compliance. Whether you are contemplating entering new markets; introducing a new business model; scaling and streamlining operations; minimizing risk exposure and tax liability, regulatory and compliance issues; executing transactions; or addressing cybersecurity and privacy, we’re here to help take you to the next level.
Connect with Our Dealership Leaders
Industry Leader, Partner
Philadelphia, PA
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