Our client's need
Family-owned Les Stumpf Ford has been serving the Fox Valley region for three generations. The success as a dealership is the result of providing total customer satisfaction – through employees who provide reliable, courteous, and ethical service to their customers.
More than fifty years ago, Les Stumpf Ford began working with our firm to meet the needs of a growing business. A significant challenge for the dealership has been finding a tax-effective company structure that divided the business equitably among family members. And, like many businesses, Les Stumpf Ford has faced a number of tax-related issues over the years.
Baker Tilly solution
Having worked with Les Stumpf Ford executives for so many years, the Baker Tilly team has developed a deep understanding of the dealership. We guided Les Stumpf Ford through a corporate restructuring nine years ago, and through a transition to new ownership in 2013. In both cases, we brought in legal and human resource specialists to help develop a satisfactory long-term solution.
In addition, Baker Tilly has regularly helped Les Stumpf Ford uncover reductions in their sales tax obligation. We also provided representation before the IRS and helped navigate an audit that saved the dealership nearly $70,000 in audit assessments.
Today Baker Tilly assists Les Stumpf Ford with a wide range of tax, accounting, and business services. Among the professional services we have provided are:
- Succession planning
- Estate planning
- Employee benefit plan audit
- Tax planning and compliance
- Individual tax returns for company executives
- IRS audit representation
- Human resources consulting
Tax savings has been perhaps the most dramatic service Baker Tilly has provided Les Stumpf Ford. The dealership has experienced more than $400,000 in total sales tax savings over the years, and $2.25 million in income tax savings since their corporate restructuring.
For more than five decades, the knowledge and experience Baker Tilly has brought to Les Stumpf Ford have been decisive in the dealership’s regional growth and business success.