Small Buisness Services

The nature and business climate of the industry is changing due to increased competition, e-commerce and manufacturer intervention. These forces have made it a necessity for dealers to clearly define their vision and strategic direction.

Considering the challenges you face, you need business advisors who have experience working with dealerships. Verghese & Philip has the experience to assist your organization with your accounting, tax and consulting needs. We have provided services to auto dealerships for nearly 50 years. Our team keeps up-to-date on the changes impacting your industry and we remain very involved with our clients and their financial needs throughout the year.

We are members of the Driving Force Automotive Consulting Group. Driving Force is a national select network of CPA and consulting firms that come together to provide the highest quality financial accounting, tax and business advisory-related services to dealerships.


Nobody knows your business better than you do. That’s why we take a relationship-oriented approach to our business consulting services. By sitting down with you one-on-one, we can pinpoint opportunities for increased efficiency and profitability, help you manage your business’ growing pains, and identify tax-saving strategies to keep your business moving forward.

In today’s business environment, the future of your business depends on your ability to adapt to change without losing track of your goals. As your trusted business advisors, we use the challenges you identify as a springboard for developing and implementing effective strategies to help you navigate the complicated business world and come out successfully on the other side.

Asset Protection

With our certified public accountants and consultants on your side, you can be confident that you are making the best decisions for your business – the success of your business is as important to us as it is to you.

Our services include: use tax agreements, state and local tax audit management, reviews and protests. We also perform utility studies, property tax reviews, consulting on compliance issues, nexus studies, and due diligence studies.

Small Buisness Accounting

Our accounting services include:

• Consultations with our QuickBooks accountants
• Monthly write-ups
• Ledger accounting
• Financial ratios
• In-house accounting
• Complete payroll solutions
• Cash flow analysis
• Compiled Financial Statements

Business Valuation

How do you quantify the time and energy you have spent growing your business? Your tangible assets and liabilities are only part of the equation. What about the goodwill value you have worked so hard to establish? In today’s economic world and business marketplace, knowing the value of your business is a necessity. Our business valuation team use recognized and generally accepted methodologies in developing approaches to determine the value of both the tangible and intangible assets that constitute your business enterprise. Their analyses and conclusions are offered in a detailed report format, or in certain circumstances, a calculation report or oral report tailored to your specific needs.

We do an in depth review, analysis, and understanding of your business’ history, present capacity, future prospects, and operating structure in the development of our work product. Our experience, specialized training, and extensive knowledge of business valuation principles and techniques, business practices, industry and economic trends in combination with their familiarity with the federal, state, and local tax and securities laws help to provide you with a credible and understandable result.


We perform our payroll services through the use of specialized software to ensure utmost efficiency and accuracy on a real-time basis. Our payroll services are also entirely paperless. They allow for collaboration between our company and yours.

We can help you keep track of your employee and client accounts, earnings and paycheck stubs, all in real time—which means staying on track is simple and easy for you.

Business Planning Services

Are you trying to juggle the costs of your business or are you planning to start an entirely new venture? Our specialty is aiding small businesses with their taxes and other financial essentials. When we work with you, we want to learn more about you—your goals and who you are. We approach our clients on a personal basis because we believe this is key to great accounting. This method places us miles above our competitors.

New Buisness Formation / Forms

Our basic business package is designed for individuals, entrepreneurs, other independent professionals who require ongoing support throughout their first year of operation. Often, these professionals want the benefits having a CPA firm and law firm involved as a team in their incorporation process.

We also have the resources to connect you with other professionals for services we don’t currently offer. These include business coaches, online marketing firms, attorneys, other public accounting firms, bankers, IT firms, and telecommunication agents. We understand that setting up a business involves many moving parts, and we are happy to utilize our professional network for your benefit.

Please Note that we are not a law firm and will not provide legal advice on our own. Please consult with your attorney to make an appropriate determinations if needed!

• State filing fees
• Close consultation with your outside legal counsel
• Review of documents drafted by your attorney from a tax perspective before filing
• All the benefits of having a dedicated CPA on board for a fraction of the cost
• Option to choose our office as your “Registered Agent” for initial operating year (no extra cost)
• Assistance in obtaining a federal Employer Identification Number
• Assistance in opening business bank account(s)
• Federal business tax preparation for your first year of operation
• Texas franchise tax filing
• Guaranteed response within 48 hours for urgent matters