Resources

NADA 2009 update
The 2009 NADA convention hosted in New Orleans recently was attended by our Motor Dealer Services team. Click here to read a review on the convention.

NADA 2008 update
The 2008 NADA convention hosted in San Francisco recently was attended by our Motor Dealer Services team. Click here to read a review on the convention.

Queensland roadshow motor industry update
BDO Kendalls is the strongest national supplier of compliance and accounting services to all types of motor dealerships throughout Australia.

Fraud in dealerships
Would losing $200K in a year affect your cashflow? While for many this would have a severe impact, in some instances it may go unnoticed for many years. So how can you minimise the risk of fraud?

Exit strategies for smooth succession
Succession strategies provide certainty for owners and their business as well as manage significant risk. The more time spent planning, the smoother and more effective it will be: succession is a process, not an event.

Building an effective HR function
Dealerships of all sizes face increasingly difficult times in managing their staff due to the range and complexity of legislation surrounding unfair dismissal, workplace health and safety, workplace bullying and anti-discrimination.

Attracting and retaining staff
In a recent study 81% of CEO’s surveyed rated recruiting and retaining skilled employees as the number one challenge for business in Australia.

Pension drawdown relief
Under the current superannuation rules it is a requirement that at least the minimum income stream payments are made from a superannuation account-based pension before 30 June each year.

Model change for industry

LCT 33per Revised & Reintroduced
The original Tax Law Amendment Bill 2008 to increase the Luxury Car Tax (“LCT”) from 25% to 33% defeated by the Senate has since been revised, with a number of amendments. The reintroduced Bill includes concessions on the LCT to farmers and tourism operators.

ACCC Pricing Manual for the Motor Vehicle Industry
New all inclusive pricing rules in the Trade Practices Act, particularly for motor vehicle advertising, have now come into effect. The ACCC has just released a pricing manual specific to the motor vehicle industry, setting out its interpretation of the new inclusive pricing rules. This publication is a general guide to the all inclusive pricing rules in the motor vehicle industry.

Dealer checklist
BDO recognises that in the current business environment some or many of the tried and tested policies and procedure may have fallen off the check list. To help you develop those checklists again we will pose 15 questions each issue of our Dealership Procedures as a reminder of the questions that should be asked in your dealership.