Category: Dealership Operations

THE HARDEST CALL ANY LEADER MUST MAKE

The hardest call to be made in leadership is to hire, promote and attract people who have the right character but don’t yet have the necessary skills. My philosophy in this area is simple: If you want to be successful,…

SHOULD YOU SELL YOUR DEALERSHIP?

Previously we have questioned the future of the retail automotive store, noting the increasing move to online showrooms and a growing willingness of customers to shop for vehicles in cyberspace. With significant changes coming in the automotive industry over the…

CUT SUPER ADMIN BY 70 PER CENT WITH SUPERSTREAM

The Australian Taxation Office (ATO) says small businesses can cut the time spent on superannuation administration by around 70 percent via its SuperStream product. SuperStream is the new way of making super contributions. Employers send super contributions electronically in a…

DEALER PROFITABILITY AT 1.5%

The Deloitte Dealer Profitability Report for November 2015 shows that the average Australian Dealer profitability, as measured by net profit as a percentage of sales (NP%S), was 1.5% in November 2015. The result was 0.2 percentage points down on the…

ATO TO BROADEN TAX TRANSPARENCY

AADA urges all Dealers to ensure their affairs are in order after the Australian Taxation Office (ATO) recently published the tax details of about 1,500 large corporate taxpayers, with plans to also report tax details in relation to 300 private…

ATO TO FOCUS ON LARGE BUSINESS

The Australian Taxation Office has put large businesses on notice that it is focusing on them this financial year to ensure they pay their fair share of tax. The ATO released a statement in December stating that it “will work…

CAPITAL GAINS TAX CHANGES TO HELP GROWTH – MINSITER

Dealers wanting to change their legal structure can now do so without attracting a Capital Gains Tax (CGT) liability. In early February the Federal Government introduced a Bill to Parliament as the final plank in its $5.5 billion ‘Growing Jobs…

FEDERAL GOVERNMENT PUSH TO END SUPERANNUATION RATE RISES

The Federal Government is preparing to dump a planned rise in compulsory superannuation that would add $20 billion a year to employers’ wage bills. Under the previous Labor Government, the super guarantee levy was scheduled to rise from 9 to…

HOW TO AVOID A POST-CHRISTMAS TAX HANGOVER

With Christmas approaching, most companies will be planning to reward their staff with a celebration and perhaps a gift to mark the end of the year. When planning such events it’s wise to consider the tax consequences associated with such…

ATO: Get onto Superstream

The ATO is reminding automotive and repair business owners who employ 19 or fewer employees (small businesses) that they need to pay their superannuation obligations via SuperStream. SuperStream is the new standard for all businesses nation-wide, which involves making super…