Our blog on the latest issues affecting the automotive sector
Recognition for head of our national automotive group
May 10, 2016
In Accountancy Age’s fifth annual ’35 under 35’ list we were delighted to see the head of our national automotive offering recognised amongst 'the best and brightest accounting practice talent in the UK'
Financial risk in the motor trade – timing of revenue
May 5, 2016
The third of our ‘financial risk in the motor trade’ blog series focuses on the timing of revenue.
Financial risk in the motor trade – managing debtors
April 21, 2016
The second instalment of our ‘financial risk in the motor trade’ blog series focuses on the management of outstanding debt, with a particular focus on warranty and bonus accounts.
Financial risk in the motor trade – parts stock value
April 7, 2016
In the first of our series of blogs looking at key financial risks for motor trade business, we take a look at parts stock value. Parts stock is too often considered secondary to vehicle stock; however it is of crucial importance and must be effectively controlled.
The diesel supplement is here to stay – what are the implications for the car market and the future of the company car?
April 1, 2016
For many years the company car was the ultimate management perk. Your status in your company was measured by the brand of car with which you were provided. Fears over climate change, and the needs of government to demonstrate its green credentials, as well as the tax-raising potential of car ownership, have led to ever-increasing tax burdens being imposed on those who benefit from this perk.
Fraud in the automotive industry – kick back/back handers
March 31, 2016
In the final in our series of fraud focused blogs, we look at the issue of kick back/back handers. One of the hardest frauds to identify , this is where an employee is being paid by a supplier or customer to source or give them business.
Fraud in the automotive industry – profit manipulation
March 29, 2016
Over the past few weeks we’ve published a series of blogs looking at the different issues surrounding fraud in the automotive industry. In this blog, we look at the issue of profit manipulation.
Fraud in the automotive industry – cash sales
March 24, 2016
In the fourth of our automotive fraud focused blogs, we look at cash sales and the potential fraudulent issues surrounding them. Members of staff are often trusted that they will give the cash on sale of an asset to the company; unfortunately sometimes this doesn’t happen.
The impact of the 2016 Budget on the automotive sector
March 16, 2016
Today, Chancellor George Osborne announced a new Conservative Budget which he said would focus on the long term. We watched with interest, expecting to see some unwelcome measures announced for the motor industry.
What impact could the 2016 Budget have on the automotive sector?
March 11, 2016
The 2016 Budget takes place next Wednesday, 16 March. With the EU referendum on the horizon and following recent controversies, we will be interested to see what measures the Chancellor pulls from his red briefcase and how they impact on the automotive sector and wider economy.