Occupational fraud, theft committed by employees, is not a new risk to dealerships, and the recent surge in dealership fraud could have been prevented with better internal controls and the power of technology. Examples are: A general manager using dealership funds to buy trade-ins personally Service managers manipulating repair orders to fudge financial results and […]
Key points: Having a reliable Number Two allows you to focus on strategic goals and explore new opportunities Empower your Number Two by giving them decision-making power and recognising their contributions Supporting your second in command can help maintain company culture in times of transition As a middle market business owner, you have a lot […]
When a hurricane heads towards Florida, it isn’t automatically expected to make waves in Australian investments, but that’s one of the implications of Helene, which ripped through southern US states over the weekend, devastating a large swathe of North Carolina, writes Jordan Kennedy from Pitcher Partners Sydney Wealth Management. Smack in the path of the […]
Spring is a season of renewal, growth, and optimism. Traditionally it’s time to air out the house, take stock of how the year is going and see what needs to still be achieved. It’s also a great time to take a look at your business and see how healthy it is. But what exactly is […]
Key points The NSW Supreme Court initially ruled in favour of Uber, finding that payments to drivers were not wages and thus not subject to payroll tax under the contractor provisions. However, the NSW Court of Appeal later reversed this decision, concluding that payments made by Uber to drivers were ‘for or in relation to […]
When Generative AI burst on the scene with the release of ChatGPT in November 2022, the barriers to adoption for law firms seemed to outweigh the benefits. There were questions around data leakage, some high-profile examples of ‘hallucination’ (the fictitious creation of legal precedents), and concerns that adopting AI could introduce errors into legal documents. […]
When a business gets busy, the risk of fraud and financial error rises. You might have an employee who has forgotten to remove the corporate credit card from their online account. You might have the finance team paying invoices for services that haven’t actually been supplied. Or you might have something more sinister: a senior […]
What if I told you that the first 4 cars sold in each month just covers the on costs of property ownership while the next 57 vehicles cover that month’s rent? Scarily, our analysis indicates that this holds true for the average dealer in Brisbane (and this principle would be materially the same for most […]
We’re proud to present Pitcher Partners Melbourne’s sixth Charitable Committee report, and our collective efforts to support the community. We know we couldn’t do what we do without our people. And we also know that ‘our people’ extends beyond our staff. It includes our clients and the communities they help and are invested in. And […]
Pitcher Partners Sydney hosted a live webinar that helped attendees understand the key proposed tax changes likely to affect individuals and families with ties to both the UK and Australia. This webinar addressed whether the new changes would require attendees to plan differently for possible inheritance tax exposure. More specifically, our speaker Private Business and […]
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