Industries Served
Automotive Retail
TSS Advisors has built a strong reputation for understanding and addressing the unique challenges faced by franchised and independent dealerships. Our team works extensively with franchised new vehicle, independent used vehicle, powersport, heavy truck and trailer, and heavy equipment dealers. As your dedicated business partner and advisor, we offer comprehensive services including accounting, auditing, and tax services, along with strategic guidance to enhance your financial performance. Our specialized offerings encompass dealership valuations, tax planning, consulting, mergers and acquisitions advisory, succession and estate planning, employee pay plan reviews, and LIFO calculations. With a professional team that includes former dealership CFOs and Controllers, we leverage unique insights to help you maximize profits, uncover new growth opportunities, and navigate complex business landscapes effectively.
Construction
Achieving financial success in the construction industry requires navigating complexity, and selecting the right advisory firm is crucial. With extensive experience in construction, the TSS Advisors team comprehends the significance of robust financial management and has consistently delivered innovative solutions to various professionals including architects, engineers, general contractors, and specialty trades such as mechanical, electrical, and HVAC. Beyond our core offerings of tax, audit, accounting, and advisory services tailored for contractors of all scales, TSS Advisors excels in designing solutions for human resource management, corporate finance, targeted cash management, succession planning, and technology integration, ensuring comprehensive support to optimize your business operations and growth.
Educational Institutions
TSS Advisors has developed a strong competency in serving the independent school industry, particularly in New England, where we have cultivated a niche practice. Recognizing the financial challenges unique to independent schools, such as constraints on tuition and the need to diversify revenue sources, we offer tailored services beyond traditional accounting, assurance, and tax assistance. Our proactive guidance includes strategies to develop non-tuition revenue streams through initiatives like real estate management, facility rentals, expanded off-season programs, adult education, and online curriculum offerings. With our extensive experience, we bring a deep understanding of the intricate accounting and operational dynamics of independent schools, including managing seasonal cash flow, administering financial aid and student loans, and optimizing facilities management to support their long-term financial health and sustainability.
Not-for-Profit
Effectively managing a not-for-profit organization requires strong financial leadership, where accuracy, timeliness, and transparency in financial information are essential. At TSS Advisors, we specialize in supporting not-for-profit clients, ensuring compliance with regulatory requirements and optimizing financial operations. With our deep knowledge of tax laws impacting not-for-profits, we help organizations leverage available tax credits and maximize donor contributions, empowering them to achieve their missions effectively and sustainably.
Closely Held Businesses
Small businesses encounter daily challenges where effective inventory control, cost management, and tax compliance are critical. At TSS Advisors, we go beyond traditional attestation and tax preparation services, viewing our engagements as opportunities to deliver invaluable management insights. We strive to provide actionable information that strengthens and informs your company, equipping you to navigate complex financial decisions with confidence and clarity. Our commitment is to support your business with tailored solutions that enhance efficiency and profitability, ensuring you are well-prepared for the challenges of today and tomorrow.
Yellow Book Compliance
TSS Advisors provides Yellow Book compliance services for both not-for-profit organizations and closely held businesses. We perform both single audits and program-specific audits under Uniform Guidance, working with clients to ensure the correct audit is conducted for those organizations and businesses receiving federal funding. Under the Uniform Guidance umbrella, we specialize in audits of the research and development cluster. We also perform audits under Government Auditing Standards, as requested by a state government of certain not-for-profit organizations. We look to add value by supporting all of these organizations and businesses in achieving operational excellence and fiscal responsibility, ensuring they satisfy all regulatory mandates.
