We act as accountants for car dealerships, secondhand car delers and vehicle repair garages. We understand the complex issues that these businesses operate within and the accounting and tax issues surrounding them.

Here are some of the areas that we can help you with:

Car dealerships

Accounting for new and used cars

Establishing the VAT treatment of new and used cars and accessories

Accounting for promotions, Cash back deals and discounts

Selling mechanical breakdown insurance, warranties

consignment stock, manufacturers bonuses, demonstrator stock

Vehicle repair garages, tyre and parts retailers

Supplier rebates, casing credits

Claiming for capital allowances on all equipment

3rd party MOT costs and VAT treatment

Multiple site accounting and franchise accounting

Franchise costs  

Equipment leases and HP agreement accounting