Services

At Woodward & Associates, Inc., we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices. We prepare various returns such as corporate, personal, trust, gift, payroll, sales tax and personal property tax returns.

Woodward & Associates, Inc.'s financial statement services comprise all three levels of assurance depending on your company's needs.

Compilations

Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

Reviews

Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

Audits (Including 401k)

Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.

The range of needs for valuing new vehicle dealerships continues to widen, and Woodward & Associates, Inc. can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, factory disputes, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.

The sale of new vehicle dealerships are complicated affairs, and whether you are buying or selling, Woodward & Associates, Inc. can provide professional know-how to help you successfully structure and negotiate the deal. Woodward & Associates, Inc. employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.

Our firm prepares LIFO calculations for new vehicle, used vehicle, and parts inventories. In addition to preparing these computations for the tax returns that we prepare, we also provide this service to outside CPA firms and/or dealerships.

Our firm has extensive experience in assisting you with a monthly analysis of dealership financial statements. We can help you find areas that can be improved upon to increase profits. We also can help insure that internal accounting standards are being met.

We perform on-site internal control studies of your accounting records and procedures in addition to all other departments at your dealership. We will discuss with you any areas of concern. We also check for compliance with various government requirements and reporting.

Woodward & Associates, Inc. litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Woodward & Associates, Inc.'s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well-thought-out plan as to how to distribute the assets left in one's estate so as to avoid complications and to be sure that the individual’s wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.

• Dealership Operations Consulting
• Pay Plan Consulting
• Buy-Here Pay-Here Operations
• Dealership Profitability and Management
• Theft Consulting