Driving Profitability and Peace of Mind for Dealerships Across New England
With former dealership CFOs and Controllers on our team, TSS Advisors brings insider knowledge, unmatched precision, and trusted advisory to every client engagement. We don’t just understand the numbers—we understand the business behind them.
The Dealership Industry at a Glance
Auto dealerships operate in a high-volume, high-stakes environment where cash flow, inventory management, manufacturer relationships, and regulatory demands collide. Between shifting tax laws, intense competition, and economic volatility, dealerships need more than a traditional CPA—they need a strategic partner.
Why TSS Matters Here
TSS Advisors has over 30 years in the dealership space, supporting franchise and independent operations alike. Our specialized team has decades of real-world dealership experience, giving us the depth to navigate complex financial scenarios and the foresight to advise on emerging opportunities.
What Sets TSS Apart
- In-House Dealership Experts: Our team includes former dealership CFOs and Controllers.
- High-Touch Client Experience: Partner-level attention and rapid response are standard.
- Regional Expertise: Deep roots in Northern New England with tailored local insights.
- Data Integrity & Compliance: Rigorous standards ensure accuracy and protection.
- Long-Term Relationships: We build lasting relationships by working as strategic partners invested in our clients’ success.
Services to Keep Your Dealerships Running Smoothly
- Assurance & Tax Compliance: Keep your dealership audit-ready and tax-efficient with precision-driven support.
- Reinsurance Consulting: Maximize profitability through compliant and strategic reinsurance structures.
- Trust & Estate Planning: Ensure continuity and legacy planning for dealership owners and families.
- Warranty Labor Rate Audits: Identify revenue opportunities and stay compliant with OEM standards.
- State & Local Tax Planning: Navigate multistate operations with proactive SALT strategies.
- LIFO Calculations & Compliance: Optimize inventory accounting and tax savings.
- Cost Segregation Analysis: Accelerate depreciation for significant cash flow benefits.
- Business Valuations: Know your dealership’s worth for transitions, mergers, or growth.
- Fixed Asset Tracking: Maintain clarity and compliance across your asset base.
- Benchmarking: Gain insights from peer comparisons to improve performance.
- Interim Controller Services: Fill key finance roles with seasoned dealership experts.
- Forensic Services: Uncover and address financial irregularities with discretion.
- Employee Benefits Consulting: Build plans that attract and retain top talent.
- Capital Finance & Planning: Strategically fund expansion, acquisition, and improvement projects.
Who We Serve
We work with:
- Franchised and independent auto dealerships
- Powersport and heavy truck dealers
- Equipment and trailer dealerships
Ideal clients typically operate multi-rooftop groups and seek:
- Strategic financial advisory
- Scalable accounting solutions
- Succession and estate planning
- Audit support and tax efficiency
Our Approach
1. Discover & Align
We begin with an in-depth review of your dealership’s financials, operations, and goals. You’ll meet a team that speaks your language—not just in accounting, but in dealership dynamics.
2. Customize & Implement
We design a tailored service plan aligned with your growth trajectory, risk profile, and operational needs. This includes bringing in specialized partners when needed.
3. Advise & Evolve
We remain engaged throughout the year, providing ongoing strategic insight, quarterly check-ins, and timely tax or regulatory updates. We grow with you.
Why TSS?
We believe in making a difference and forging legacies. Our culture-first approach, recognized with the Ascend Culture Award, shows in everything we do. With a highly retained team, you work with people who know your business and are committed to helping it thrive.
From our regional identity—reflected in our mountain-inspired logo—to our hybrid team structure and M&A-friendly culture, TSS is built for what’s next.
Client Testimonial
“TSS gets it. They show up, deliver high-level solutions, and make you feel like their only client.”
– John Loschiavo, St. J. Auto
Meet the TSS Dealer Leadership Team
Jim Godfrey - Partner, CEO
Jim has been with TSS as a full service CPA for over two decades and serves as the firm’s Chief Executive Officer. He is responsible for providing accounting, tax, and consulting services to closely held companies, and not-for-profit organizations. He works extensively with automobile dealerships and related industry clients, manufacturing companies, independent school and other not-for-profit organizations, and more. He provides consulting on more complex issues including business succession strategies, buy/sell transactions, and estate planning. Jim is also responsible for the firm’s recruiting efforts. A graduate of the University of Vermont, Jim is the current treasurer of Zack’s Place – An Enrichment Center, a member of the advisory board for the Vermont Chapter of the Alzheimer’s Association, and former board Chair of Special Olympics Vermont.
Ken Goodrow - Partner, COO
Ken Goodrow is a 1984 graduate of Merrimack College in North Andover, MA. Ken graduated with a Bachelor of Science degree with a major in Accounting. He has been working in the accounting field in both the Public and Private Accounting sectors ever since. While in the private sector he rose to become the President of a small local bank becoming, at age 30, the youngest bank president in the country. Ken has been back at TSS since 1997, and is now the Managing Partner of TSS Financial Partners, LLP. He considers himself a Jack of All Trades, but is part of the Automotive Services team, the Retirement Plan Audit Services team, does both personal and business tax returns and consulting, and anything else that needs doing. Over the years, Ken has served on a number of non-profit boards and is the current Treasurer for the Meriden Volunteer Fire Department. He and his wife, Fawn, have lived in the same fixer upper in Plainfield, NH that they bought almost 40 years ago, and yes, they are still fixing her up!
Mitchell Stagnone - Partner
Mitchell Stagnone graduated Cum Laude from the University of New Hampshire’s Whittemore School of Business and Economics with a Bachelor of Science degree in Accounting and Finance. His career started with the firm in 2012 and ultimately lead to becoming partner in 2022. Mitch is one of the leaders in the firm’s automotive retail niche. He specializes in franchise and independent dealerships on audit and attest, tax planning and preparation, consulting, and mergers and acquisitions. He also works with closely held businesses and high net worth individuals. He is a member of the AICPA, NH Society of CPAs, and Auto Team America. He is involved with both NH Auto Dealers Association and NADA. He currently sits on the board of Valley Court Diversion Program and the New Hampshire Auto Dealers Association Education board. Mitch also holds his Series 7 and 66 securities licenses.
Let’s Talk
Ready to streamline your accounting and unlock strategic value?
Connect with our dealer services team to schedule a consultation.
