Braintree, Massachuetts – Paul McGovern, CPA, of Downey & Company, LLP, the Braintree based accounting and business consulting firm, recently returned from the Fall Meeting of the National Alliance of Auto Dealer Advisors (NAADA) in New Orleans, Louisiana.  Downey & Company is the only accounting practice in Massachusetts, and one of only 12 practices in the nation, selected as a member of the prestigious group.

Fourteen partners, representing 11 accounting practices located throughout the United States, attended the two and a half day seminar.  Attendance was by invitation only and focused on meeting the challenges of continued innovation to improve client service and operating an accounting and business consulting firm dedicated to the automobile industry.

The seminar provided attendees the opportunity to discuss current issues affecting auto dealerships as well as develop ties to similar accounting and tax experts in other areas of the country.  “By linking our firm to others, we have been able to offer our clients increased benefit without the expensive overhead cost often associated with national firms,” said Mr. McGovern.  Member firms share their knowledge through the open discussion forums within the conference.

The NAADA was created to provide leading accounting and consulting firms specializing in servicing the needs of auto dealers with a unique venue to discuss issues affecting the profitability of auto dealers.  These firms collectively represent more than a thousand car dealerships and related entities, and as a group, are recognized throughout the profession as leaders in identifying problems and creating solutions to ensure the success of auto dealers throughout the nation.  Admission to this group was determined by a panel of leading business professionals and establishes its members as one of the nation’s finest business advisory firms to the auto dealer owner.  Members are recognized for their leading research and scholarship demonstrated through written works and their dedication to intellectual thinking that provides greater insight and understanding to the commerce of this country.

Downey & Company, LLP, was founded in 1984 and has been serving closely-held businesses and their owners with specialized services to increase their profitability.  Paul McGovern is a member of the AICPA, the MSCPA and the South Shore Chamber of Commerce.

For more information about Downey & Company and the services we provide, please visit our website at www.DowneyCoCPA.com.  If you have any dealership management questions, please contact Paul McGovern at pmcgovern@downeycocpa.com.