Thousands of SKUs, wholesale and retail customers, sales in many states. We keep inventory, resale certificates and sales tax in order.
Parts stores, wholesalers and distributors work with our office for inventory accounting, multi-state sales tax, resale certificate management, payroll and commercial coverage.
Reviewed by Orkun Ozkaymak, CPA, MBA·Clients in all 50 states and abroad
Parts businesses live on inventory turns and margins, and they sell to shops, fleets and the public, each with different sales tax treatment.
Our office keeps your inventory, your exempt sales and your multi-state filings clean, and our agency covers your stock, your building and your delivery vehicles.
Where parts sellers most often need support.
Sales to repair shops and resellers can be exempt, but only with a valid resale certificate on file. Missing certificates become tax due in an audit.
How we helpWe set up a certificate process, keep them current and help you get your own resale certificate when you buy for resale.
Online and phone sales can create sales tax obligations in states where you ship, once you cross their thresholds.
How we helpWe review where you have nexus, register where needed and file returns in each state.
Inventory that is not counted or costed correctly distorts profit and taxes.
How we helpWe reconcile inventory to your system, set up cost of goods sold and report margins by product line.
A fire, theft or delivery accident can wipe out months of profit.
How we helpOur agency quotes property coverage sized to your inventory plus commercial auto for delivery trucks.
Tax, accounting and insurance under one roof, so the numbers on your return, your books and your policies all agree.
The recurring deadlines parts stores and distributors face most often. We track them for you and send reminders before anything is due.
Dates shown are for calendar-year filers. When a due date falls on a weekend or holiday, it moves to the next business day.
Your QuickBooks shows margin by product line and customer type, with inventory that ties to your counts.
Our office sets up QuickBooks Online with a chart of accounts designed for your industry and your entity type, mapped line by line to your tax return. Your books are ready for filing season all year.
Not when the shop gives you a valid resale certificate because it resells the part. Keep the certificate on file. We help set up the process.
Most states require you to register once your sales into the state pass their economic nexus threshold. We review your sales by state and handle registration.
Our office can help you register and obtain the certificate you need to buy inventory without paying sales tax.
Request an insurance quote, or start your company with our office. Prefer to talk first? Book a time, virtual or in person.