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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A new digital service has been launched that makes it easier to check if you have any gaps in your National Insurance (NI) record that may affect your State Pension entitlement.
The so-called Micawber principle, as stated by Wilkins Micawber in Charles Dickens’ novel David Copperfield, says: “Annual income twenty pounds, annual expenditure nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.”
HM Revenue and Customs (HMRC) have updated their guidance on what qualifies as ordinary commuting and private travel for tax purposes to include hybrid or flexible working.
Recent surveys of UK business owners show us to be under pressure. This is no surprise. As a business owner, you’re constantly juggling multiple responsibilities and facing a myriad of challenges. While there are countless strategies for success, it’s equally important to be aware of potential pitfalls that could derail your efforts.