NEW JERSEY Florham Park: T: (973) 218-0500
SPECIALISTS
Philip L. Craft
Partner, Citrin Cooperman Advisors LLC
Partner, Citrin Cooperman & Company, LLP
Experience
Phil is a partner and Citrin Cooperman's Dealership Industry Practice leader with over 13 years of experience in public accounting. As practice leader, he leads an engaged and qualified team of professionals with a combined client base of over 350+ dealer clients. He is based out of the firm’s Florham Park, NJ office.
Phil began his career at several firms, including a boutique firm that specialized in dealerships and boasted one of the largest dealer client bases in the country. It was there that he developed specialized expertise in dealership consulting, valuations, automotive technology companies, tax and financial statement engagements, transaction advisory, and real estate and cost segregation accounting.
His exclusive dealership experience gives him a deep understanding of operational analysis, benchmarking, and cash optimization for retail dealers. His clients range from first-time dealers to third-generation dealers with multiple rooftops. He has consulted on over $300M of transaction value in the powersports, retail automotive, and heavy and medium duty truck dealership space. Phil prides himself in creating value-added solutions and is leading initiatives to help dealers successfully navigate outsourced accounting solutions, IT infrastructure and AI implementations, and DMS transitions.
Phil also serves clients on the individual level, assisting with high-net-worth tax planning, estate planning, and succession planning for family dealers.
CREDENTIALS
Education
B.S. in Business Administration with a focus in Accounting, Cum Laude, Monmouth University
Licenses
Certified Public Accountant in the State of New Jersey
Affiliations
Member, American Institute of Certified Public Accountants (AICPA)
Member, New Jersey Society of Certified Public Accountants (NJCPA)
Presentations & Publications
Phil regularly contributes to publications both internally and externally, including NYSADA, GNYADA, NJCAR, and CADA, and leads panels and webinars on various topics from the proper presentation of dealer financial statements, 8300 best practices, cryptocurrency, AI trends and back-office applications, tax legislation, and electric vehicle (EV) trends. He is dedicated to networking with automotive professionals of all kinds so that he can bring value and recommendations to clients.
WORK-LIFE BALANCE
Community Involvement
Phil is an active member of his community, volunteering at Clean Ocean Action, and serves as a volunteer at the New York-New Jersey and Monmouth County Trail Foundations. He is an active advocate for land and animal conservation and works to report striped bass migration data in the Northeast. He also volunteers as a trail builder at several local parks.
Outside the Office
Outside of the office, Phil enjoys fishing in the northeast canyons for tuna, clamming in Barnegat Bay, hiking and camping in the Adirondacks and Rockies, and snowboarding and surfing all over the world. He resides in Monmouth County, NJ with his twin daughters, wife, and two dogs.
Get in touch with Philip L. Craft today.
Fill out the form below to get in direct contact with Philip L. Craft and start your personalized consultation journey.
I have spent my whole life in the automotive industry, and in my role, I get the opportunity to help those who keep America on the road move forward with purpose and intention.
Get in touch with Philip L. Craft today.
Fill out the form below to get in direct contact with Philip L. Craft and start your personalized consultation journey.