News & Insights

The ATO has announced that its Tax Avoidance Taskforce will be expanded and will also now oversee three new programs that specifically monitor and address tax risks relating to private groups, private businesses and high wealth individuals.

NSW imposes surcharge purchaser duty on acquisitions of residential land by a foreign. Further, surcharge land tax applies to residential land owned by a ‘foreign person’. There is no tax free threshold available in respect of surcharge land tax.

Accounting for non-accountants: Learn the language of accounting. Are you confused by accounting jargon? Do you know how to make sense of financial reports? Need a safe space to ask about the basics? Our Accounting for non-accountants workshop is for you!

This article looks at the benefits of management team workshops as part of business planning and how Fordham can assist in the process.

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.

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?