Pomares & Co., LLP
Pomares & Co., LLP
Pomares & Co., LPP

Pomares & Co., LLP

Certified Public Accountants Specializing in the Automotive Industry
 

OFFICE:

805 University Ave
Sacramento, California 95825-6724
(916) 929-3112   Main
(916) 929-3569   Fax
 
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About The Firm

Pomares & Co., LLP has specialized in accounting for the automotive industry since 1952. Dedicated over the last five decades to providing the highest quality personal services, our firm has acquired the largest dealer base in the Central Valley region of California, providing services to approximately 100 dealerships. We have clients in Southern California and in several other western states.

Pomares & Co., LLP is composed of individuals who have made a strong commitment to the relationships they maintain with their clients. While we are a full service accounting firm, the majority of our clients are automotive dealerships.

All of our partners and staff are experienced in automotive accounting. This specialization allows us to better serve our dealer clients by keeping up with the latest issues impacting the industry. Our clients’ changing needs are continually being evaluated in order to assist them in making sound economic decisions to ensure the long term stability necessary to reach their highest personal financial goals. Accordingly, we are able to provide timely, efficient and accurate services to our dealer clients.

Pomares & Co., LLP has been a member of the AutoCPA Group since 1988. The AutoCPA Group is a National Association of Certified Public Accountants who specializes in services to automobile dealerships, and is patterned after the dealers’ 20 group concept. The AutoCPA group affords us access to the expertise of CPA firms providing services to over 1,500 dealerships across the country.

Pomares & Co., LLP has acquired or developed the latest software for the preparation of tax returns, LIFO computations, financial statement analysis and operational analysis for its' dealer clients. In addition, we have on staff a former Automotive CFO which allows us to offer services in addition to those of traditional accounting firms.

Having been active in the growth of the Sacramento community since our inception in 1952, Pomares & Co., LLP has continued to maintain steady growth as well as a loyal commitment to serving our community. Our firm members have played active roles in such varied community organizations as The Better Business Bureau, United Cerebral Palsy, Sacramento Chamber of Commerce, various Rotary Clubs, La Familia Counseling Center, Central Valley New Car Dealers Association and the Jesuit High School Board.

Blending individual personal planning with the necessity of business planning, Pomares & Co., LLP offers a staff of Certified Public Accountants with the broadest knowledge and experience to assist our clients in areas of tax, financial and management consulting, as well as corporate bookkeeping services. Committed to maintaining the highest level of technical expertise and the most current professional information, firm members continually enhance their education and skills through formal training for professional development as well as in-house training programs presented to the staff on a regular basis. As a member of the Private Company Practice Section (PCPS) Division of the American Institute of Certified Public Accountants, we must undergo Peer Reviews every three years to determine that we are operating in accordance with the professional standards and guidelines established for membership in the PCPS Division.

Our sustained growth has been achieved by the establishment of goals by the firm’s partners, always appraising the individual needs of each client, and implementing problem-solving oriented services to facilitate any changes necessary.

Pomares & Co., LLP especially understands the needs of the closely held business community and can be depended upon to serve as trusted advisors to those we serve professionally.

Our Services

Our Services
  • Preparation of Financial Statements
  • Audit and Review
  • Compilations
  • Tax Planning and Preparation
  • 401K Audit
  • Business Acquisitions and Sales
  • Cost Segregation Services
  • Tax Investment Analysis
  • Inventory Control Systems
  • Business Formation and Structure
  • Arrangement of Receiverships and Liquidations
  • Pension and Profit-sharing Plans
  • Preserving the Wealth of Families
  • Business Valuation
  • Investment Decisions
  • Financial and Estate Planning
  • Business Problem Solving
  • Record Keeping
  • Litigation Support
  • Evaluation of Internal Controls
  • Fixed Asset Purchases
  • Sources of Finance and Financing Arrangements
  • Cash Flow Management
  • Bank Financing
  • Strategic Business Planning
  • Non-Profit Organization
  • Internal Controls

AUDITING AND FINANCIAL STATEMENT PREPARATION

We can prepare or supervise the preparation of your financial statements. Audits, reviews, and compilations can be provided for the individual needs and requirements of your specific business. The preparation of financial statements is just the initial step. We can assist you, the decision maker, to understand and utilize these statements as a tool for the management of your business. Ultimately, this process should increase the profitability of your business.

TAX PLANNING AND PREPARATION

Our firm can prepare all required tax returns, assuring that you pay no more taxes than necessary. We can also assist your needs by planning for future tax consequences of various transactions so as to minimize the overall tax cost.

In addition to tax planning and preparation, we are constantly monitoring all tax law changes which might affect your situation. Upon analysis of a change in the law, we will consider recommending modifications, if required, to your situation.

The changes in the law are not limited to just those made by Congress and the Internal Revenue Service. We also monitor the Franchise Tax Board, and other various tax authorities. We believe that, in order to properly service you, we must be current as to any applicable changes in the various tax laws.

FINANCIAL AND ESTATE PLANNING

We are here to assist you as a financial consultant, working hand in hand with you to increase your net worth and minimize your estate taxes.

A total program can be designed for you including analysis of net worth, review of investments, family gifting, establishment of trusts, retirement planning, family business transfers, and estate tax planning. In this manner, we can assist you in maximizing the financial benefits for both you and your heirs.

BUSINESS CONSULTING AND PROBLEM SOLVING

Pomares & Co., LLP can assist you in the formulation and structuring of your business and securing of adequate financing. We work with you and your team of professionals, including your banker, lawyer, and insurance agent, to assure that all of your business problems are resolved.

We can assist you with loan applications, product pricing, credit policies, cash flow analysis, cost control systems, and other business needs which might arise. We are here to serve you and meet your ongoing financial and business challenges.

When you need a CPA, we would welcome the opportunity to serve!

Automotive Services

DEALER-CUSTOMIZED SERVICES

Specific solutions to specific problems require a team of professionals who make it their business to know your business. Our practice specializes in the auto industry-all sizes and types of auto dealerships-and succeeds in meeting the challenges that are unique to the diverse nature of the auto business.

Pomares & Co., LLP has been a member of the AutoCPA Group since 1988. The AutoCPA Group is a National Association of Certified Public Accountants who specializes in services to automobile dealerships, and is patterned after dealers' 20 group concept. The AutoCPA group affords us access to the expertise of CPA firms, providing services to over 1500 dealerships across the country.

Automotive Services

WE CAN PROVIDE:

  • LIFO Inventory Valuation
  • Acquisition, Sale and Transfer Services
  • Loan Packaging
  • Financial Planning
  • Cost Capitalization Computations
  • In-Depth Department Control Reviews
  • Operational Reviews
  • Management Consulting
  • Tax Planning and Reviews
  • Cost Segregation Services
  • Cash Controls
  • Inventory Controls
  • Emergency Business Department Support
  • Fraud Investigations
  • Internal Auditing
  • Litigation Support
  • And many more services specific to your needs

Partners

Gary W. Sparks, CPA
Gary W. Sparks, CPA

Education

1970 University of Denver, Bachelor of Science in Business Administration, Accounting

Professional Experience

Over 40 years of professional experience with extensive specialization in taxation and accounting for the automotive industry.

Professional Organizations

  • AICPA
  • AICPA - Tax Section Member
  • California Society of Certified Public Accountants

Civic Organizations

  • Jesuit High School of Sacramento Board of Trustees from 1994 to 2009. Board Chairman in 1999, 2000, and 2001.
  • Perkins Rotary from 1985 to 1997. President from 1991 to 1992. Paul Harris Fellow in 1994.
  • Boy Scouts of America - Troop 645 from 1990 to 1997. Advance Chairman from 1991 to 1997. Assistant Scoutmaster.
  • El Dorado Youth Soccer League from 1984 to 1995. Coach from 1984 to 1994. Treasurer from 1988 to 1992.
  • Sacramento Jaycees from 1973 to 1981. President from 1977 to 1978. Co-Chairman of Telethon for the March of Dimes (2).

Areas of Practice

  • Estate Planning & Gifting
  • Real Estate
  • Taxation & Choice of Entities
  • Automotive Tax Planning & Accounting

Email gary@pomaresco.com
Robert P. Deering, CPA
Robert P. Deering, CPA

Education

1971 University of Denver, Bachelor of Science in Business Administration, Accounting

Professional Experience

Over 35 years of professional experience with extensive specialization in accounting for the automotive industry.

Professional Organizations

  • AICPA
  • CSCPA
  • AutoCPA Group, a group of CPA's patterned after automobile dealer 20 groups, since 1988

Civic Organizations

  • Member of Rotary Club of East Sacramento since 1988. Past President, Member of various district committees. Rotary International District Governor from 2012 to 2013. Selected to lead a Vocational Group Study Exchange for Rotary District 4180 to Sweden in 2007.
  • Better Business Bureau Board Member from 1981 to 2011. Past Chairman (2).
  • La Familia Counseling Center from 2004 to present.
  • Greater Sacramento New Car Dealers Association, Treasurer from 1987 to present.

Awards

  • International Rotary Foundation Major Donor
  • East Sacramento Rotarian of the Year 2004-2005
  • Greater Sacramento New Car Dealers Association Honorary Dealer of the Year 2006

Email bob@pomaresco.com
Eric D. Johns, CPA
Eric D. Johns, CPA

Education

1981 University of Denver, Bachelor of Science in Accounting

1990 Golden Gate University, Master of Science in Taxation

Professional Experience

Over 30 years of experience with extensive specialization in accounting for the automotive industry.

Professional Organizations

  • AICPA
  • California Society of Certified Public Accountants

Email eric@pomaresco.com
Michael T. Scoggins, CPA
Michael T. Scoggins, CPA

Education

1983 California State University, Chico, Bachelor of Science in Business Administration, Accounting

1994 Golden Gate University, Master of Science in Taxation

Professional Experience

Over 25 years of professional experience with extensive specialization in accounting for the automotive industry.

Professional Organizations

  • AICPA
  • California Society of Certified Public Accountants
  • Better Business Bureau, Board Member

Email mike@pomaresco.com

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Contact Us

Pomares & Co., LLP

Certified Public Accountants Specializing in the Automotive Industry

OFFICE:

805 University Ave
Sacramento, California 95825-6724
(916) 929-3112   Main
(916) 929-3569   Fax

Email info@pomaresco.com

 

Map Directions to our office