Dealer Detail – Quick Facts on How To Maximize Profits, Cut Costs, and Boost Efficiency in Your Dealership
Introducing Dealer Detail, a video series focused on the key business topics for auto dealers and dealership professionals.
Thomas J. Reck
CPA/ABV, CFF
Partner, Team Leader, Forensics and Valuation Services
Get to Know Me
Tom is a partner in our Saddle Brook, NJ, office and has over 20 years of experience in public accounting.
He is a certified public accountant in the state of New Jersey and is accredited in business valuation by the American Institute of Certified Public Accountants (AICPA). Tom is also certified in financial forensics and specializes in forensic accounting, business valuations, cash flow and life style analysis as well as white collar criminal matters. He is a member of the firm’s Litigation, Valuation and Insolvency Group.
Tom’s experience covers a vast range of industries including retail, legal services, medical and dental services, publishing, real estate management, condominium associations, trucking, wasteflow and not-for-profit organizations. He is also experienced in matrimonial, stockholder dispute and estate and gifting matters. Tom has testified and been recognized as a financial expert in the Superior Court of New Jersey. Previously, he served as partner of the forensic accounting firm of Morrison & Company (joined with Withum in December of 2010).
Industry Expertise
Law Firms
Physician and Dental Practices
Not-for-Profit and Education
Real Estate
Cannabis
Healthcare
Service Expertise
Learn More About My Story
Learn more about my professional experience and how I spend my time outside the firm.
Education:
- BS, Accounting, Rutgers University in Newark
Professional Affiliations:
- Member, American Institute of Certified Public Accountants (AICPA)
- Member, New Jersey Society of Certified Public Accountants (NJCPA)
- Member, National Association of Certified Valuation Analysts (NACVA)
In the community, Tom is active in several organizations. He serves on St. Leo’s Church Finance Committee and St. Leo’s School Sports program. Additionally, he is a member of the Knights of Columbus, Elmwood Park/Paterson Elks and assists with Elmwood Park girls’ softball league. Tom resides in Bergen County, NJ.
Authored Insights
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Learn why dealerships affected by the CDK Global cyberattack should consider filing an insurance claim to recover lost sales and revenue.
The Growing Need for Cannabis Business Valuations
As the legalization at the state level continues to increase, the need for business valuation is growing. The reasons for business valuations are varied and include the following: Approaches Considered The approaches considered in the valuation of cannabis businesses include the asset, income and market approaches. The approaches are described as follows: Methods Considered The…