The following are some of the things that TIIN automotive audit professionals can help clients with thanks to the supply of a unified global audit methodology and cutting-edge audit software, including improved data analytics tools:

Evaluation of accounting practices and support for making the best possible decisions in policy
Services connected to transactions, such as valuation and purchase price allocation
help with accounting for business mergers
Compilations, evaluations, and audits of financial statements
Examining technical accounting memos and findings
Audits of employee benefit plans
Set aside time for financial statement audits
technical accounting advice on demand
Examining current revenue recognition trends
lead the organization’s efforts in Form 10-Q and Form 10-K preparation

TIIN’s team of tax professionals possesses extensive knowledge and understanding of the challenges faced by automotive suppliers and original equipment suppliers worldwide. We offer valuable insights and expertise in various areas, including:

1. Domestic federal and international tax structuring: We provide guidance on structuring your taxes both domestically and internationally to optimize your tax position.

2. U.S. domestic tax credits and ASC 740 services: Our experts assist with U.S. domestic tax credits and offer ASC 740 services, ensuring compliance and maximizing available tax benefits.

3. Cost segregation studies: We conduct cost segregation studies to identify eligible assets and accelerate depreciation, helping you minimize tax liability.

4. Credits and incentives: We help you identify and leverage tax credits and incentives available to your business, maximizing your tax savings.

5. Expatriate compliance and planning: Our team assists with expatriate tax compliance and planning, ensuring adherence to applicable tax regulations and optimizing tax planning for international employees.

6. Global compliance and statutory reporting: We provide comprehensive services for global tax compliance and statutory reporting, ensuring adherence to tax regulations in different jurisdictions.

7. International tax services and structuring: We offer guidance on international tax matters and assist in structuring your business operations to optimize tax efficiency.

8. IRS and state and local audit defense: Our experts provide support and representation during IRS and state and local tax audits, helping you navigate the audit process and protect your interests.

9. M&A diligence and planning: We assist with tax diligence and planning for mergers and acquisitions, ensuring tax considerations are properly addressed during the transaction process.

10. Sales and use tax planning: We help you navigate complex sales and use tax regulations, providing strategic planning to optimize your tax position.

11. State and local tax issues: Our team offers guidance on state and local tax matters, helping you navigate regulations specific to different jurisdictions.

12. Tax co-sourcing and compliance: We provide tax co-sourcing services, partnering with your internal tax team to enhance compliance and efficiency.

13. Transfer pricing documentation and planning: We assist with transfer pricing documentation and planning, ensuring compliance with transfer pricing regulations and optimizing intercompany transactions.

14. Unclaimed property: Our experts help you identify and address unclaimed property issues, ensuring compliance with applicable laws and regulations.

15. Tax technology selection and optimization services: We offer guidance on selecting and optimizing tax technology solutions to streamline your tax processes and improve efficiency.

16. Indirect tax recovery: We assist with indirect tax recovery, helping you identify and recover overpaid taxes.

TIIN’s consulting specialists cater to the specific needs of the automotive industry by offering a diverse range of services. Our expertise spans various areas, including:

1. Incident response and breach management
2. Valuation of businesses
3. Assessment and enhancement of business processes
4. Business intelligence solutions
5. Cash flow management strategies
6. IT services, including ERP and CRM implementation, business intelligence, and IT strategy development
7. Support during acquisition integration processes
8. Corporate performance improvement initiatives
9. Operational audits at the unit and supply chain levels
10. Outsourcing of financial accounting functions
11. Fraud detection and prevention measures
12. Inventory management and control systems
13. Internal audit services
14. Preparation for initial public offerings (IPO readiness)
15. Lease due diligence, administration, and advisory services
16. Litigation and dispute advisory
17. Advisory and due diligence for mergers and acquisitions (M&A)
18. Compliance with Payment Card Industry Data Security Standard (PCI DSS)
19. Risk mitigation for security and privacy concerns
20. Compliance with the Sarbanes-Oxley Act (SOX) and international control consulting
21. Auditing of tenant leases
22. Technical accounting consulting
23. Managed IT services
24. Digital transformation strategies
25. Assessment and implementation of ERP systems

With our comprehensive suite of services, TIIN empowers automotive industry clients to address challenges, improve operations, and drive success in an ever-changing business landscape.