Automotive Accounting

Get in touch with our team!

Meet Our Automotive Accountants

New Wave Accounting & Financial Advisory provides expert accounting services for small to large businesses within the automotive industry. From business structuring to financial advice and business growth strategies, we can support your automotive business.

Schedule a free call with a friendly member of our team, or contact us online to learn more about our automotive accounting services.

About accounting for the automotive industry

The financial side of the automotive industry can be challenging. Automotive businesses often deal with financial aspects such as:

  • Inventory management
  • Sales and service revenue tracking
  • Industry-specific tax regulations

However, managing these financial tasks doesn’t have to be a headache. With our expertise in automotive accounting, we are equipped to help clients tackle these challenges and plan for sustainable growth. We are here to support and guide you every step of the way.

Whether you’re a well-established automotive dealership, a repair shop, or a new business in the field, our services are designed to provide you with the financial clarity and advice you need. 

As chartered accountants and business advisors, we’ve successfully helped businesses like yours through the specific financial challenges of the automotive industry. We’re here to save you time and give you peace of mind.

How our automotive accountants help

Structuring your automotive business

Starting an automotive business comes with unique financial and legal challenges. You might wonder, “Which business structure is best for my needs?” or “How can I be tax-efficient from the start?” We’re here to simplify these questions for you.

Growing your business and helping you profit

For automotive businesses, achieving long-term growth requires strategic financial planning, efficient budget management, and effective resource allocation. Our team of chartered accountants and business advisors will work with you to:

  • Map out a sustainable growth plan.
  • Manage cash flow efficiently.
  • Strategies for tax benefits.

We are more than just your accountants. We’re your partners in achieving both your short-term and long-term business goals.

Our accounting services for the automotive industry

Automotive business structuring

Choosing the right business structure is important for any business, including those in the automotive industry. We will help you choose the structure most suitable for the automotive services you provide, considering all the pros and cons to ensure you remain compliant and maximise tax savings. Whether it’s determining the benefits of a sole proprietorship versus incorporating or exploring more complex structures like partnerships, we provide the guidance you need to make the best decision for your business’s future.

Bookkeeping for Automotive Businesses

Our team will assist in setting up a reliable bookkeeping system, ensuring you save time while remaining compliant. We understand the importance of accurate and timely financial data for making informed business decisions. Our services ensure that you have all the necessary information at your fingertips, from managing inventory costs to tracking service revenue, all tailored to the needs of the automotive industry.

Second Opinions on Accounting and Tax Returns

Already have an accountant but need additional clarity? We offer a detailed review of your current and past financial statements to ensure you’re maximising your benefits and not overlooking any opportunities. Our team provides expert insights, identifying any discrepancies or areas for tax savings that may have been missed. This service is designed to give you peace of mind and ensure that your financial strategies are as effective as possible.

Why Choose Us as Your Automotive Accountants?

Transparent and Fixed-Fee Pricing

No hidden fees or unexpected hurdles, we promise transparency. We offer fixed-fee packages that are designed to suit your automotive business’s needs and future goals. This approach allows you to budget effectively, knowing exactly what your accounting costs will be with no surprises.

Numbers and Outcome-Driven

Our focus extends beyond number crunching, striving for tangible results for your automotive business, whether it’s enhancing cash flow, expanding your customer base, or optimising tax strategies. Our goal is to see measurable improvements in your financial health.

Dedication to Communication

You will always be kept well-informed about your business’s finances. We believe in maintaining an open line of communication, ensuring you have the support you need to make informed decisions. Whenever you have questions, we are here to provide clear and concise answers.

Broad-Based Expertise

Our team offers a wide range of accounting services across various industries. From strategic business advice to detailed financial analysis and proactive bookkeeping, our experienced team provides the insights needed to foster confidence in your financial decisions.

Your Goals Are Our Goals

We are committed to being an active part of your business throughout the year, not just at tax time. With regular check-ins and strategic planning sessions, we stand beside you, dedicated to your business’s growth and success. Our mission is to help you achieve your objectives, understanding that when you succeed, we succeed.

If you’re ready to take control of your finances with expert guidance and support, New Wave is here to help. Request a free call today to learn more about our automotive accounting services.

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Get in touch with our team!

Frequently asked questions

Each year, New Wave hosts a Charity Golf Day gathering Gold Coast business owners and professionals together to raise money and support local causes – see video of our latest event below. Our next event is currently scheduled for 2023. If you are interested in attending or want to get involved with sponsorships, get in touch with our office 07 5504 1999.

New Wave Accountants and Business Advisory is a modern accounting firm providing tailored business solutions to businesses on the Gold Coast and across Australia. We assist clients with: Accounting, Business Review, Cloud Software, Business Setup, Tax, BAS Compliance, Business Advisory & Growth, Management Accounting, and Virtual CFO services. At New Wave, our mission is to empower, excite, and build confidence in small businesses by providing clarity in their figures.

We do not currently offer tax returns for individuals only as we primarily support small to medium sized businesses. However, an individual’s tax return will be prepared by us if they have a business structure.

As Business Advisors, we don’t just focus on tax, but look at ‘out of the box’ strategies to start, grow, and scale our client’s businesses. We provide world class communication both internally and towards our clients.

  • We have saved more than $3.5 million in tax for our clients over the last 12 months
  • We are not your Traditional Dinosaur Accountant
  • We don’t charge by the hour
  • We specialise in Small Business

We are RESULTS DRIVEN Accountants. We are passionate about small businesses, and we truly believe we are making a difference through not only changing our clients’ lives but also the lives of our team members. We offer more than just tax but look further into how to improve profits, save tax, and maximise cashflow

Every business is different and therefore has unique requirements. You can start by booking a free initial consultation with one of our Accountants/Business Advisors to help us understand your requirements and come up with a plan to assist you and your business needs. To book a free consultation, please contact our reception on 07 5504 1999.

We understand small businesses and have worked with over 800+ businesses across various industries. We also provide tailored services for specific niches such as Ecommerce, Construction, Medical, and Allied Health.

We offer a $150+GST for 30-minute initial consultation with one of our Accountants / Business Advisors. To book, please contact our reception on 07 5504 1999.

Our Location

8:00am-5:00pm Monday - Thursday
8:30am-2:00pm Fridays

Have an Enquiry?

Please fill out the form and one of our team will be in touch with you as soon as possible.
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