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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An independent report, commissioned by the Welsh government, has examined potential future options for income tax devolution in Wales. It compares keeping the current partially devolved system with moving to full devolution, while factoring in the effects of the block grant adjustment (BGA).
Have you reached a point where the idea of running a business feels like more than just a pipe dream? Perhaps you have identified a gap in the market, you want greater independence or your side hustle is telling you that it has the potential to become a full-time income.
The end of the 2025/26 tax year will soon be here, which means a few additional tasks to carry out on your payroll, if you run one.
The government has announced an over 40% increase in charge point grant amounts that will mean businesses, landlords and renters could save up to £500 on installing an electric vehicle (EV) charge point. Previously, the grant provided a discount of £350.