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Michael E. Furchtenicht - Biography

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mfurchtenicht@mrdcpa.com

Mike is an Audit Manager with McPhillips, Roberts & Deans, PLC and directs the firm’s Automobile and Truck Dealership Industry Practice. Mike is a licensed CPA in the State of Virginia.

Professional Experience:

  • Provides financial and business consulting services, including:
    • Personal & Corporate Income Tax Planning
    • Auto Dealer Business Consulting Services
    • Estate Planning
    • Business Succession Planning
    • Buy/Sell Consulting
    • Dealer/Franchise Conflict Resolution
  • Client base consists of closely-held businesses in various industries with a concentration in automobile, motorcycle, heavy truck franchise dealerships, independent Buy Here Pay Here (BHPH) dealerships and construction companies.
  • Actively involved in the national dealership service organization, Driving Force Auto Dealership Consulting Group, LLC.
  • Manages the delivery of professional services to firm’s automotive clients. In this capacity he advises owners and senior management on many important issues including profitability, tax planning and franchise transactions.
  • Member of Driving Force Auto Dealer Consulting Group, LLC’s tax committee.
  • Consults with auto dealers on LIFO calculations, internal control analysis and documentation, mergers and acquisitions and profit enhancement.
Education:

  • B.S. in Business Administration from Old Dominion University
Active and Prior Professional Memberships Include:

  • Member - American Institute of Certified Public Accountants
  • Member - Virginia Society of Certified Public Accountants
  • Member - Tidewater Chapter of the Virginia Society of Certified Public Accountants
  • Member - Driving Force Auto Dealer Consulting Group, LLC. – a national network of CPA/Consultants servicing Auto Dealers.
  • Affiliate Member - Virginia Auto Dealers Association.
  • Affiliate Member - Hampton Roads Auto Dealers Association.
  • Affiliate Member - National Independent Auto Dealers Association.
  • Affiliate Member - Virginia Independent Auto Dealers Association.

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