News & Insights

This will be the 8th Study Tour led by Fordham, hosting like-minded Dealers and Industry attendees at one of the world’s premier automotive retail education and expo conventions.

We are nominated for Best Consultancy in the NORA Solution Partner Excellence Awards which celebrate the behind-the-scenes heroes of Australian retail. Vote for us!

Never has it been more important to make the most of every opportunity in the Dealership. The need for highly trained Dealer Managers, innovative ways to attract and retain key talent, strong financial management, and Mangers that can lead a team will be vital to the success of your dealership.

Having worked extensively with privately owned businesses, it is often the same key issues that keep popping up with clients when we first start working with them. If left unaddressed, many of these issues can be catastrophic for a business, but with a little forward thought and planning, these same problems can help a business succeed.

Most business collapses can be attributed to the failure of operators to recognise the warning signs of the onset of financial problems. Owners need to identify and manage any weaknesses in their business whilst not being blind sighted to any new opportunities that might emerge.

Recently, the Victorian Government has handed down its 2019-20 State Budget, and there are a number of changes to the Motor Vehicle Duty treatment which will have an impact on car dealers.

A cooling property market, has led to an estimated $5.2 billion reduction in stamp duty projections over the next four years. The state debt is also tipped to double to $54.9 billion during the same period to fund the “suburban infrastructure blitz”.

The decision to buy or sell a business can be both exciting and daunting at the same time. With the rising number of Baby Boomers stepping away from their privately owned businesses, these decisions are becoming more frequent for our clients.

As a parent you are used to giving handouts to your children. From a couple of dollars to buy mixed lollies from the milk bar when they were young, to putting them through school, clothing and feeding them and even pocket money along the way. With any luck they may have washed your car or mowed the lawn for it?

We take this opportunity to highlight some key business issues that were announced in the budget. In the second part of this Tax Alert, we highlight some key tax policies of the Labor Party.

When the festive season arrives it’s easy to get caught up in the spirit of Christmas. People tend to spend more than they should and are happy to worry about the consequences in the new year.

As noted in Fordham’s 2018 Federal Budget Tax Alert, the Federal Government is proposing to make changes to Division 7A of the Tax Act. For some businesses, the changes may have a future detrimental effect on cash flow.