Somerset CPA and Advisors

RV Dealership 360
Assurance, Tax
& Advisory

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Plan Better.
Save More. Stress Less.

Specialized, straightforward tax, financial, and advisory services focused around the specific needs of RV dealerships.

Managing and growing your dealership takes 100% of your time and energy. That's why Somerset developed RV Dealership 360, a dedicated team of experts focused on the specific tax and financial challenges within your Industry. Whether we're simply assisting with compliance or navigating a multi-year succession plan, our goal is to provide trusted, straightforward advisory services that add value to your business and protect your life's work.

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Videos

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What you need to do that your CPA hasn’t told you - financial statement for non-accounting execs

Steve Blake
Senior Manager, Dealership Team, Somerset CPAs and Advisors
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Utilizing incentive compensation as an alignment and retention tool

Howard M. Cox
Principal, Dealership Team, Somerset CPAs and Advisors

PPP Forgiveness | Stress Less

How will PPP forgiveness impact your tax returns and bottom line?

Somerset has led the way in PPP since the concept was first introduced in Congress. We are currently assisting more than 500 businesses like yours navigate the complexities of the PPP loan and forgiveness process. Our dedicated PPP team of more than 60 professionals works alongside numerous banks and law firms to educate clients every step of the way.

Somerset partnered with RVDA to present informational webinars to more than 400 RV dealership attendees. We offered free consultations to RVDA members and have worked with those members to recommend PPP strategies.

PPP Forgiveness For RV Dealerships

Meet Our Expert

Jane Saxon

Principal

View Bio

We have multiple PPP forgiveness strategies in place that are simplifying the application process and maximizing the amount forgiven.

Meet Jane, one of our RV Dealership 360 team members. With over 25 years as a CPA and advisor, Jane has led the paycheck protection program strategy team at Somerset. Since its inception, Jane has spent countless hours keeping pace with the latest PPP rules and restrictions and is now prepared to implement Somerset’s tailored forgiveness strategies.

PPP Forgiveness for RV Dealerships

You Received a PPP Loan, Now What?

Once the application process was complete, we immediately turned our attention to the forgiveness process. We have continued to follow developing guidance and legislation related to client strategies for forgiveness. We have spent the last several months working with businesses to make sure they would meet all the rules and guidance to obtain full forgiveness of their PPP loan based on their individual circumstances.

PPP Forgiveness for RV Dealerships

Don’t Settle for Less Than 100%

Now that the PPP forgiveness process is available, Somerset has assisted dozens of businesses in applying for forgiveness. We are working with banks on our clients’ behalf to obtain approval for full forgiveness. And the banks have responded that they appreciate the strategies we have employed as it makes the approval process quick and easy.

Tax Planning | Save More

Does your current CPA actively work to reduce your tax liability throughout the year, or do they just prepare your tax returns?

Our dedicated team works with RV dealerships across the country to understand the specific financial and industry challenges dealers like yours face. This applied knowledge allows our RV Dealership 360 team to provide a more comprehensive and customized tax strategy in less time. Don’t pay too much just because you’re worried about paying too little.

Tax Planning For RV Dealerships

Meet Our Expert

Steve Blake

Senior Manager

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Most businesses feel like they pay too much in taxes. Why? Because most years, they probably do.

Meet Steve, one of RV Dealership 360 team members. Steve has over 20 years of experience helping businesses: reduce annual tax liabilities, take advantage of new or changing tax laws, and create comprehensive yet flexible tax strategies focused on future growth.

Tax Planning for RV Dealerships

We Know People, Who Know People

Did you know the dealership industry has lobbyists to advocate on your behalf for favorable tax treatment? If your current CPA is not an expert in the industry and familiar with these provisions, then you may be at a competitive disadvantage by missing out on these favorable provisions.

PPP Forgiveness for RV Dealerships

It Takes a Team of Experts

Proper planning and open lines of communication with your CPA throughout the year can decrease sticker shock at the time of filing. Our dedicated team of RV dealership tax experts stay on top of current changes in tax law and incorporate various strategies to decrease your tax liability. In building a relationship with your CPA, there are often conversations that will trigger discussions regarding "pain points" in your business and various strategies to reduce or eliminate the impact of these; therefore, leaving more time to focus on your business.

Succession Planning | Plan Better

Have you thought about how you will capture the value of your life's work growing your dealership?

Somerset's RV Dealership 360 team has deep industry expertise in all aspects of estate and succession planning. Together, we'll create a tailored and flexible strategy to protect your wealth, family, employees, and business for decades to come. From retirement and leadership transitioning to acquisitions and mergers, we'll ensure your tomorrows roll just as smoothly as your todays.

We are experts who have assisted with thousands of these transactions valuing in aggregate well over $1B.

We have experience in all types of transactions including internal succession, strategic acquisitions and private equity transactions.

Succession Planning For RV Dealerships

Meet Our Expert

Dave Burnett

Principal

View Bio

You’re probably not ready to talk about estate planning, succession, or retirement. Which means it’s a perfect time to talk to us!

Meet Dave, one of RV Dealership 360 team members. Dave has over 20 years of experience helping businesses like yours protect their current wealth and maximize their lifetime of hard work for the next generation.

Succession Planning for RV Dealerships

Plan Now for the Future

The best time to discuss succession is 3-5 years ahead of time. Having that early conversation with us increases flexibility, potentially increases the value, and helps determine the value of your business so you can plan for your future cash flow during retirement. We are there to help you determine the after-tax cash need to retire.

Succession Planning for RV Dealerships

Provide Next Gen Owners with the Right Training

Whether your succession plan includes promoting existing employees or recruiting from outside the company, you’ll want time to train these individuals. Having early conversations about your succession goals gives us time to work through pre-transaction restructuring and transition strategies for future owners and senior management.

Succession Planning for RV Dealerships

Avoid Costly Mistakes

Getting out in front of the succession planning process allows time to avoid the potential hurdles such as getting manufacturer approval on an internal stock transfer and entity restructuring to allow business owners to meet their retirement needs in a tax-efficient way.

MEET THE TEAM

There are no other CPA and advisory firms in the country that focus on RV dealers like Somerset. We truly want to partner with you to help you grow, succeed, and transition your business in every aspect.

Jane Saxon

Jane Saxon

Principal
Dave Burnett

Dave Burnett

Principal
Howard Cox

Howard Cox

Principal
Steve Blake

Steve Blake

Senior Manager
Craig Todderud

Craig Todderud

Senior Manager
Vicki Pierceall

Vicki Pierceall

Senior Manager
Erik Forbes

Erik Forbes

Staff Accountant
Colleen Yager

Colleen Yager

Senior Accountant
Denise Bidwell

Denise Bidwell

Dealership Consultant
Ryan Conner

Ryan Conner

Staff Accountant
Josh Holt

Josh Holt

Staff Accountant
Rachel Ruusma

Rachel Ruusma

Manager

When you work with Somerset, you not only get our team of RV Dealership 360 experts, you get the knowledge and support of strategic partners in many areas that impact your business and your personal finances.

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