LarsonAllen Dealership Practice Announces New Buy Here Pay Here Solution
MINNEAPOLIS—January 17, 2011—LarsonAllen recently announced its participation in Genesis, a new service offering auto dealers a start-up solution and well-rounded expertise in the Buy Here Pay Here (BHPH) market. The Genesis solution is timely, as more dealers are considering entrance into this market. Current industry momentum is attributed to strong growth prospects and the opportunity to generate significant ROI with minimal overhead requirements.
Genesis professionals offer accounting, tax, legal, consulting, and software solutions for new or used car dealerships looking to enter the BHPH market. Independent professionals from these service areas provide the tools to assist in starting a BHPH business and offer long-term contacts to help you succeed. Dealerships already in the BHPH industry can benefit from the depth and breadth of knowledge to improve efficiencies and gain a competitive advantage.
“Genesis provides dealers access to leading professional advisors in the Buy Here Pay Here market and allows them to receive comprehensive industry expertise that is unavailable anywhere else,” says Scott Gorden, principal-in-charge of LarsonAllen’s dealership practice. “This provides existing new and used vehicle dealers with an easy entrance into the market.”
With the Genesis start-up solution, dealerships get the assistance and insight of four companies in one place. It is designed to assist new BHPH dealers with accessing the most innovative software available to manage inventory, sales, collections, and accounting; complying with federal and state legal guidelines; receiving top-notch BHPH consultation; and applying sound accounting and tax practices.
Along with other Genesis professionals, LarsonAllen dealership professionals are committed to the BHPH industry throughout North America. We can assist with:
- Implementing best practices from an operational perspective
- Developing accounting controls and transaction reporting processes
- Reviewing key tax benefits available from a related finance company (RFC) structure
Learn more about Genesis on our website.
About LarsonAllen
LarsonAllen LLP (LarsonAllen) is a professional service firm that provides assurance, accounting, tax, consulting, and advisory services to organizations and individuals managing business ventures and finance. Founded in 1953, LarsonAllen’s certified public accountants, consultants, and advisors are dedicated to providing quality results to clients. LarsonAllen has approximately 1,800 people and $280 million in annual revenues. Offices are located in Arizona, Florida, Idaho, Illinois, Massachusetts, Minnesota, Missouri, North Carolina, Pennsylvania, Texas, Washington, Washington DC, and Wisconsin. LarsonAllen is an independent member of Nexia International, a worldwide organization providing global connections.
Media Contact: Janey Kiryluik | Minneapolis, Ph: 612-376-4651, jkiryluik@larsonallen.com
©2011 LarsonAllen LLP. All rights reserved.