Situation: An auto dealership experienced a disruption to its dealer management system that continued for several weeks and affected operations. Solution: Our team advised management on pursuing a business interruption claim under the dealership’s insurance policy. Impact: The dealership received approximately $100,000 in insurance proceeds to help offset lost revenue.
Situation: An auto dealership received notice of a New York State sales and use tax audit and needed guidance on responding to the state’s requests and addressing internal procedures. Solution: Our team supported management throughout the audit and communicated directly with state auditors to address the proposed findings. Impact: The dealership’s additional tax and interest […]
Situation: A financial statement review revealed that an auto dealership’s primary bank reconciliation included uncashed checks dating back several years. Solution: Tronconi Segarra & Associates helped address the due diligence needed to determine which checks should be voided, reissued, or remitted to New York State as unclaimed funds. Impact: We assisted the client by helping […]