NOVEMBER 30, 2010

IN THIS ISSUE

DEALER NEWS & INFORMATION

– Auto Industry News at a Glance

REGULATORY & LEGAL UPDATES

– Offering To Pay Consumer Sales/Use Taxes Not Allowed in Colorado

– IRS Creates UNICAP Safe Harbor Methods for Dealers

LEGISLATIVE UPDATE

– Romer for Mayor Fundraiser

– Mark Your Calendars!

UPCOMING SEMINARS

– Upcoming Seminars

– Using Microsoft Outlook 2003 Effectively

– Using Microsoft Outlook 2003 Effectively

CALENDAR OF EVENTS
– Upcoming Events

– 2011 Digital Marketing Strategies Conference

– NADA Convention and Expo

– Denver Auto Show

DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS

–Share Your Accomplishmens

THE AFTERFACT

–All the News That's Fit to Email!

ARCHIVES

CLICK HERE for Open Road
e-newsletter archives.

CLICK HERE for an Index of Regulatory
& Legal Articles from the Open
Road e-newsletter.

CLICK HERE for Bulletin archives.

CLICK HERE for Colorado Auto
Outlook archives.

CLICK HERE for Denver Auto
Outlook archives.

ONLINE REGISTRATION

CLICK HERE to register online
for various CADA seminars & events.

MEMBERSHIP RESOURCES

CLICK HERE for details on the
Speaker and Educational
Resources.

CLICK HERE for a list of current
Endorsed Vendors/Programs.

CLICK HERE for a list of current
Allied Members.

CLICK HERE for an order form for
CADA forms.

CLICK HERE for information on all member services.

www.nada.org


www.aiada.org

CLICK HERE for NADA
Regulatory Affairs information.

STATE GOVERNMENT RESOURCES

CLICK HERE for the Auto Industry
Division of the Colorado Dept.
of Revenue.

CLICK HERE for the Title and
Registration section of the
Colorado Dept. of Revenue,
Motor Vehicles Division.

CLICK HERE for the Colorado
Department of Labor &
Employment website.

Visit us at www.coloradodealers.org.

CADA Hours of Operation
Monday to Thursday, 7 a.m. to 5 p.m.
Friday, 7 a.m. to 4 p.m.

CADA STAFF

CLICK HERE for a CADA staff listing

If you have questions
or suggestions regarding this
e-newsletter, please
contact Lauren Stadler at
lauren.stadler@coloradodealers.org

CLICK HERE or scroll to the bottom
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ENDORSED VENDOR/PROGRAMS

CLICK HERE for information about the
Endorsed Vendors/Programs.

If you have trouble viewing any of the links or documents in this e-newsletter, please CLICK HERE to access the web-based version.

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AUTO INDUSTRY NEWS AT A GLANCE

Listed here are several articles pertaining to the
auto industry in general that appeared recently in newspapers and other media outlets across the nation.

OFFERING TO PAY CONSUMER SALES/USE TAXES NOT ALLOWED IN COLORADO

Several retailers have recently been offering on radio and other advertisements to pay for or refund consumers’ sales taxes.  A reminder to all dealers that there is a general prohibition in Colorado covering all retailers from offering to “assume” or “absorb” state sales/use taxes.  Offering a “refund” is similarly disallowed.

The statute is below:

39-26-108. Tax cannot be absorbed.
It is unlawful for any retailer to advertise or hold out or state to the public or to any customer, directly or indirectly, that the tax or any part thereof imposed by this part 1 will be assumed or absorbed by the retailer or that it will not be added to the selling price of the property sold or if added that it or any part thereof will be refunded. Any person violating any of the provisions of sections 39-26-105 to 39-26-113 is guilty of a misdemeanor.
[C.R.S. 39-26-204(3) contains a similar provision applicable to use tax]

If you see or hear of advertisements that violate this provision, please let us know. 

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IRS CREATES UNICAP SAFE HARBOR METHODS FOR DEALERS
NADA Advocacy Leads to Major Victory for Dealers

CLICK HERE for a Q&A document from NADA  (Added after last week’s article)

In a major victory for car and truck dealers, the IRS has created uniform capitalization (UNICAP) "safe harbor" methods of accounting that favorably resolve several contentious and potentially very costly income tax issues that have arisen during IRS audits of franchised dealers over the past five years.

The new safe harbor methods, which the IRS issued following numerous meetings with NADA, generally allow car and truck dealers to be classified as retailers who are not required to capitalize handling, storage, or production costs incurred at their retail sales facilities.

Visit last week’s Open Road article on this topic for more information.

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If you have questions on any legal or regulatory topic, please contact:

• Tammi McCoy, Vice Pres., tammi.mccoy@coloradodealers.org, 303.282.1449
• Tim Jackson, President, tim.jackson@coloradodealers.org, 303.282.1448

DISCLAIMER: CADA is not authorized to dispense legal advice.The information contained in this weekly email is intended to provide important updates and reminders regarding statutes, litigation, and regulations. CADA always advises that dealers should consult legal counsel on the specifics of any laws or regulations to ensure proper compliance

ROMER FOR MAYOR FUNDRAISER

"Every great journey starts with a single step."
As we take our first step, we hope you can join us!
 
Romer for Mayor Fundraising Chairs:
Sue and Harvey Allon, Tom Bidell and Jill Nelson, Norm and Sunny Brownstein,
Jim and Heather Mulvihill, & Roy and Bea Romer

Co- Chairs:
Kyle and Jessica Bachus, Stewart and Shirley Bliss, Steve and Faye Demby, Dennis Dougherty, Robert and Diane Hochstadt, Rich Kylberg, Dr. Efren and Mary Frances Martinez,
Lee Payne, Mannie and Corinne Rodriquez, Sen. Gail Schwartz and Alan Schwartz,
Hollie Velasquez Horvath and Bryon Horvath & Evan and Meghan Zucker

and C0-Hosts:
William Browning, Stephen Burg, Bob and Marcy Dill, Robert and Beth Duncan,
Sen. Dan Gibbs, Brad Farber and Karly Jacobs, Bryan Leach and Jennifer Gaudiani,
Melissa Kuipers, George and Cheryl McLaughlin, Representative Joe Miklosi,
Butch and Patsy Montoya, Sen. John Morse, JW Postal and Jen Evans, Gary and Michelle Reiff,
Tom and Lauren Romer, Mike Shaw, Mike and Sally Stratton, Reeves Whalen and Carol Wolf
 
(Host committee in formation)

Invite you to the first fundraiser
to support Chris Romer for Mayor
Tuesday, November 30th
5:30- 7:30 pm

At the home of Chris and Laurie Romer
840 Detroit St
Denver, CO 80206

Suggested Donations:
Team Romer: $3000
Romer Booster: $1000
Romer Supporter: $250
Romer Friend: $125

RSVP to RSVP@RomerforMayor.com or at (303)-578-0005

Contributions can be made payable to:
Romer for Mayor
PO Box 18285
Denver, CO 80218

Or donate online at www.RomerforMayor.com

Municipal election code requires the campaign to disclose the name and address of each person who has contributed more than $50 within the calendar year, and the occupation and employer of each person who has contributed more than $200 within the calendar year. Aggregate contributions to Romer for Mayor may not exceed $3,000 through 12/31/2011.  Contributions are not tax deductible.  Cash contributions are limited to $50.

* * * * * * * *

MARK YOUR CALENDARS!

The 2011 Session is slated to begin on Wednesday, January 12th and CADA’s Legislative Policy Committee is ready to get started on our legislative agenda.  If you want to be part of the discussions that will ultimately determine CADA’s legislative efforts for the 2011Session, please join us on Wednesday, December 8th from 12:00pm-2:00pm at CADA.  Make your voice heard!

* * * * * * * *

Questions or Comments?  Please contact:

• Melissa Kuipers – VP of Government Relations and Communications
  melissa.kuipers@coloradodealers.org, 303.457.5115
• Tim Jackson, President, tim.jackson@coloradodealers.org, 303.282.1448   

USING MICROSOFT OUTLOOK 2003 EFFECTIVELY

Discover little-known tips and tricks for managing your
workflow effectively!

Who should attend?
  Dealer principals, general managers and senior dealership staff

Do you have a hard time keeping up with the volume of email you receive daily? Would you like to better coordinate priorities for your management and sales teams to ensure administrative work is done quickly and efficiently, even while allowing more time for increased performance?  If so, this workshop is for you.

Laura Stack, President of the Productivity Pro, a Microsoft Certified Application Specialist, will provide you with the tools to effectively increase your workflow processes.

CLICK HERE to register online!

CLICK HERE for more info.!

* * * * * * * *

USING MICROSOFT OUTLOOK 2007 EFFECTIVELY

Discover little-known tips and tricks for managing your
workflow effectively!

Who should attend?
  Dealer principals, general managers and senior dealership staff

Do you have a hard time keeping up with the volume of email you receive daily? Would you like to better coordinate priorities for your management and sales teams to ensure administrative work is done quickly and efficiently, even while allowing more time for increased performance?  If so, this workshop is for you.

Laura Stack, President of the Productivity Pro, a Microsoft Certified Application Specialist, will provide you with the tools to effectively increase your workflow processes.

CLICK HERE to register online!

CLICK HERE for more info.!

* * * * * * * *

TO REGISTER ONLINE FOR ANY CADA SEMINAR OR EVENT, PLEASE VISIT: www.coloradodealers.org/registration

If you have a particular area of interest or would like to suggest a training seminar topic, please contact Lauren Stadler at 303.457.5123 or lauren.stadler@coloradodealers.org

As car dealers our visions are always beyond the present and embedded in the future. With new car sales on the rise and crippling legislation prevented, we, as dealers can certainly see a Bright Future Ahead!

To learn more about this Future and to explore all the possibilities it can contain, be sure to attend this year’s NADA Convention and Expo in San Francisco. We have so much in store for you! To name a few things headed your way:

• New on Friday night!  A NADA welcome reception co-sponsored by JD Power and Associates
• One stop registration and housing online with immediate confirmation!
• A compact 3 day Convention that wraps up on Monday at 5:00
• New workshops by Google, Ritz Carlton and JD Powers!
• General Sessions to be held on the third level in Moscone West, eliminating the busing to Civic Auditorium
• Advance registration open right up to Friday!
• Early Bird discounted registration fees
• New ID card scanners to replace the expo cards
• Optional badge mailing to your home enabling streamlined credential pickup.

Visit www.nadaconventionandexpo.com for more details!

LET US KNOW ABOUT YOUR ACCOMPLISHMENTS!

Have you or anyone else at your dealership won an award recently? Have you or your dealership provided any outstanding community service? We want to recognize such accomplishments. Please send us a brief write-up of the award or event along with any other information to milestones@coloradodealers.org. Also include your contact information for further follow-up.

If you want to be added to our mailing list, please CLICK HERE.

To remove yourself from this list, click on this link.