Car Dealerships
Improving profitability in franchised and independent car dealerships
Purchasing a car, irrespective of whether it is new or used, provides an opportunity for a dealership to acquire a customer and retain their loyalty over a long period of time. Every step of this journey and beyond should leave the customer feeling happy with their experience. Improving profitability and operational efficiency can only be addressed by specialists who understand the operational needs of this sector.
Cartwrights have accumulated experience over many years and understand how franchised and independent car dealerships operate. Our specialist knowledge about the specific accounting and taxation requirements and regulations that affect car dealerships can help owners improve profitability and staff motivation during challenging economic times.
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“Owners of dodgy shops that are evading tax: we are coming for you,” said Dan Tomlinson, Exchequer Secretary to the Treasury, as he announced that HMRC will make 30,000 high-street ‘interventions’ in the coming year as part of an initiative to tackle tax fraud and illegal activity.
The announcement of mandatory payrolling for Benefits In Kind was originally expected to start in April 2027, but following industry pressure, it will now be introduced in two phases.
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