MARCH 6, 2012

IN THIS ISSUE

a DEALER NEWS & INFORMATION

Auto Industry News at a Glance

 

REGULATORY & LEGAL UPDATES

Dealers Reminded to Consult With Their Tax Practitioners Soon About the UNICAP Safe Harbors!

KPA Compliance Tip of the Month

 

LEGISLATIVE UPDATE

CADA Bill Tracker

 

UPCOMING SEMINARS

Innovative Dealer Summit
KPA Weekly Webinar

Upcoming Seminars


DENVER AUTO SHOW

Show Week Denver

Automotive Career Fair

We Deliver Business


CALENDAR OF EVENTS

Upcoming Events

Charity Preview Party

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.

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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
of this page if you want to be
added or removed from our list.


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ENDORSED VENDOR/PROGRAMS

CLICK HERE for information about the
Endorsed Programs
.

Contact Polly Penna at CADA to request more information on any of the programs below: polly.penna@coloradodealers.org

Choosing a CADA endorsed provider supports our work for the Colorado retail vehicle industry.
________

www.afadvantage.com

Supplemental Employee Benefits
________

www.federatedinsurance.com

General Liability
________

www.incom-direct.com

Merchant Transaction Processing
________

http://www.kpaonline.com/

HR Management & Online Compliance

Environmental / Health & Safety Compliance
________

www.lbtelecom.net

Telecommunications
________

www.business.officedepot.com  

Office Supplies
________

www.reyrey.com/solutions/document
_solutions

Document Solutions / Forms
________

www.siegeloil.com

Oil, Lubricants, Service Chemicals & Reconditioning Products
________

www.unifirst.com

Uniforms / Standard Workwear
________


www.pinnacol.com

Workers Compensation


 

 


If this e-newsletter does not display correctly,
CLICK HERE
to access the web-based version.


CADA Open Road is now beginning its sixth year of service, providing uninterrupted weekly news and information for Colorado automotive professionals to better compete in our industry, since January 3, 2007.


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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.



…more news articles are included at the end of this issue.




DEALERS REMINDED TO CONSULT WITH THEIR TAX PRACTITIONERS SOON ABOUT THE UNICAP SAFE HARBORS!
From:  NADA University, March 1, 2012

On November 9, 2010, the IRS issued Revenue Procedure 2010-44, which created two optional safe harbor methods of accounting for motor vehicle dealerships (including light-, medium-, and heavy-duty truck dealerships). If properly elected and applied, the new safe harbors permit dealers to (i) deduct, instead of capitalize, certain costs related to their inventories, and (ii) significantly simplify their computation of these costs (known as their Uniform Capitalization – or UNICAP – computation).

If qualifying dealers elect the safe harbor methods of accounting for their first or second tax year ending after November 9, 2010, they may do so without having to consider most of the potential restrictions that apply to automatic method of accounting changes.

Consequently, dealers whose tax year corresponds with the calendar year and who did not elect these methods for the 2010 tax year, should speak with their tax practitioner soon about whether they should elect the UNICAP safe harbors for the 2011 tax year. The election is made on IRS Form 3115.

For more information, consult summaries of the revenue procedure by the IRS Motor Vehicle Technical Advisor and NADA.

Visit this prior Open Road article for more information:
Reminder: UNICAP Safe Harbor Election Filing, By Dick Heider, CPA, Heider, Tanner & Dirks, Inc. (3/15/2011)

* * * * * * * *

KPA COMPLIANCE TIP OF THE MONTH

The KPA Compliance Tip of the Month for EH&S or HR can be found at
:
http://blog.kpaonline.com/category/tipofthemonth/

March Tip of the Month: Make Sure Your Employees and Independent Contractors Are Correctly Classified.



* * * * * * * *

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

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



CADA BILL TRACKER

Follow the Colorado Auto Dealers Bill Tracker HERE!

* * * * * * * *


a
INNOVATIVE DEALER SUMMITa

The Innovative Dealer Summit - the definitive management education forum for dealer principals and senior dealer managers, addresses the most pressing sales, profitability, technology, best practices, social media and other emerging issues in dealership operations - will take place on Wednesday, March 21, followed by the Denver Auto Show Charity Preview Party from 4pm to 8pm and Thursday, March 22.

The Innovative Dealer Summit is popular among dealer and industry meetings in that all participant and break-out sessions are conducted during 1-1/2 days and overlays the annual Denver Auto Show.

REGISTRATION NOW OPEN!
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Want to EXHIBIT at the Summit?
CLICK HERE for more information on participating as an exhibitor.

Interested in being a SPONSOR?
CLICK HERE for more information on sponsorship opportunities. CLICK HERE for a sponsorship form

* * * * * * * *

KPA WEEKLY WEBINAR: 
Covers an Environment & Safety or an HR topic each week

Every Thursday
 
10:00-11:00am (MST)

CLICK HERE for upcoming topics and to register!

Previously recorded webinars are also available at the above link.

* * * * * * * *

aTO REGISTER ONLINE FOR ANY CADA
SEMINAR OR EVENT, PLEASE VISIT:

www.coloradodealers.org/registration
Event Description
Date/Time
Location

KPA Weekly Webinar

Covers an Environment & Safety or an HR topic each week


Every Thursday  

10:00-11:00am (MST)


CLICK HERE for upcoming topics and to register!

Previously recorded webinars are also available at the above link.

Innovative Dealer Summit


March 21-22, 2012

REGISTER NOW!

EXHIBITOR FORM

SPONSORSHIP OPPORTUNITIES

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


SHOW WEEK DENVER

* * * * * * * *

AUTOMOTIVE CAREER FAIR

CLICK HERE for a vendor form!

* * * * * * * *

CHARITY PREVIEW PARTY

WHO: Fans of new innovative cars, Colorado auto dealers, policy-makers and the media

WHAT: The Charity Preview Party is the exclusive, Premier Event of the Denver Auto Show, benefiting the Clear the Air Foundation and The Denver Post Community Foundation

WHEN: 4pm – 8pm: Wednesday, March 21, 2012 – Charity Preview Party
4pm-6pm: Exclusive Preview of the Denver Auto Show
6pm: Ribbon Cutting, Official Opening of the 2012 Denver Auto Show
6pm-8pm: Charity Preview Party at the Denver Auto Show

WHERE: Denver Auto Show – Colorado Convention Center 700 14th Street, Denver, Colorado 80202

WHY:
Experience this exciting event with friends and peers while supporting the Clear the Air Foundation and The Denver Post Community Foundation

RSVP
: Tickets can be purchased for $95 per person. Please purchase tickets at www.CharityPreviewParty.com Dress is business or cocktail attire


DENVER AUTO SHOW

Wednesday, March 21, 6-10PM
Thursday, March 22, 5-10PM
Friday, March 23, 12-10PM
Saturday, March 24, 10AM-10PM
Sunday, March 25, 10AM-6PM

Box Office closes 1 hour prior to the end of the Show each day.

www.denverautoshow.com


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Event Description
Date/Time
Location

Charity Preview Party

March 21, 2012

4:00pm - 8:00pm


Colorado Convention Center

RSVP!

Denver Auto Show

March 21-25th, 2012


Colorado Convention Center




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.


THE AFTERFACT


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Colorado Automobile Dealers Association
290 East Speer Boulevard Denver, CO 80203
Telephone: 303.831.1722 | Facsimile: 303.831.4205
www.coloradodealers.org