Over 30 Years of Excellence
Over 30 Years of Excellence

Accounting for Auto Garages and Repair Shops in Minneapolis, St. Paul & Rochester MN

Welcome to Haworth & Company: Your Accounting Partner for Automobile Garages and Repair Shops

Automobile garages and repair shops in the Minneapolis/St. Paul area face a multitude of challenges, from changing customer demands to handling complex payroll and financial compliance issues. At Haworth & Company, we understand the unique financial landscape of the automotive repair industry and offer tailored accounting solutions to help your business thrive.

Automotive Repair Business Challenges

Working with a professional accounting company in Minneapolis/St. Paul, Minnesota like Haworth & Company can save automobile repair shops valuable time and resources. We provide clients with insight on the following areas that can be particularly challenging for repair shops.

  • Financial Planning and Access to Capital: Owners must manage budgets, track costs, secure financing for equipment purchases, and plan for future capital needs. Access to funding options, such as loans, lines of credit, or investment partnerships is essential for growth and expansion, and accurate, up-to-date records are key to successfully securing the needed funds. Working with Haworth & Company helps ensure you have the information you need when you need it.
  • Cash Flow Management: Variations in customer demand can make planning for your business a challenge. Developing plans and secondary contingencies to manage through unexpected changes and maintain cash flow is vital to maintaining and growing your business. We can assist you with managing cash flow effectively so you are always able to cover costs, pay employees, and invest in future growth.
  • Payroll Management and Compliance: Handling payroll can be complex and time-consuming, especially when dealing with hourly wage rates, and overtime. We help clients manage their payroll processes, ensuring accurate and timely payment to employees and compliance with federal and state payroll tax regulations. We also handle payroll tax filings, minimizing the risk of errors and penalties.

Specialized Accounting for Auto Repair Businesses

Just as every vehicle requires customized care, we understand that every automobile repair shop has its own set of financial needs. Our team specializes in accounting services specifically designed for repair shops, ensuring that you have the financial insights and support necessary to succeed.

  1. Accounting: Working with Haworth & Company means that we can handle the record-keeping and reporting needs to keep your business on track, letting you focus on the aspects of your business that you truly enjoy.
  2. Tax: We understand that minimizing tax liabilities is crucial for automobile repair shops looking to maximize their profitability. Our tax experts will identify opportunities for tax savings, including deductions for equipment depreciation and incentives for eco-friendly initiatives.
  3. PayrollManaging payroll for hourly workers and full-time employees can be a daunting task. Our payroll management services are designed to simplify the process, ensuring accurate and timely payments while keeping you compliant with all state and federal regulations.
  4. Consulting: From budgeting for equipment upgrades to forecasting fluctuations in revenue, our strategic financial planning services are tailored to the needs of automobile repair shops. We’ll work closely with you to develop comprehensive financial strategies that support your growth and sustainability goals.