December 29, 2015

TITLE SPONSOR OF THE
2015 CHARITY PREVIEW PARTY

IN THIS ISSUE

UPCOMING SEMINARS & EVENTS

SAVE THE DATE! Innovative Dealer Summit

SAVE THE DATE! 8th Annual Charity Preview Party

Colorado Dealer Breakfast

2016 ACA Basics

KPA WEBINAR: Conducting Effective Performance Reviews

All Seminars & Events

 

LEGISLATIVE UPDATE

Tax Bill with Significant Provisions Affecting Dealers Passed by Congress

 

SPECIAL ANNOUNCEMENTS

CADA Would Like To Thank Our Sponsors From the Charity Preview Party

Check out CADA's Blogs

 

a DEALER NEWS & INFORMATION

Automotive News Best Practices

Clear The Air Foundation 60 Second Video

Auto Industry News at a Glance

 

REGULATORY & LEGAL UPDATES

Colorado Minimum Wage Posters

 

ENDORSED PROVIDER

Federated Insurance: Auto Dealer Claim of the Month

UniFirst... The Nation's Preferred Auto Uniform Supplier

 

ALLIED MEMBERS / ANNUAL MEMBER GOLF EVENT SPONSORSHIP ADS

Thank you to the Sponsors of the 11th Annual CADA Member Golf Event


DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS

Let Us Know About Your Accomplishments!

 

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.


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 Marsha Temple at
marsha.temple@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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to view linked
documents?
CLICK HERE for a FREE
download from Adobe.


ENDORSED PROVIDER/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.
________

American Fidelity Assurance Company
www.afadvantage.com

Supplemental Employee Benefits
________

www.americanexpress.com

a Corporate Card - Rewards Program
________



www.bradfordpublishing.com

Dealer Retail Installment Sales Contract (“Rocky Mountain Bank Note”)
________

www.dealertrack.com

Dealertrack Technologies
 
- Dealer Management System (DMS)

________

www.federatedinsurance.com

a 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
________

https://www.nadart.org/

Retirement plan management
________

www.business.officedepot.com  

Office Supplies
________

www.unifirst.com

Uniforms / Standard Workwear
________

www.wfis.wellsfargo.com

Workers compensation insurance services

 


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


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


SAVE THE DATE: INNOVATIVE DEALER SUMMIT

SAVE THE DATE: 8TH ANNUAL CHARITY PREVIEW PARTY

2016 ACA BASICS

For more information or to purchase a copy, please contact:
Mary Arambel
303.282.1457
or e-mail mary.arambel@ coloradodealers.org


TAX BILL WITH SIGNIFICANT PROVISIONS AFFECTING DEALERS PASSED BY CONGRESS
NADA 60-Second Email, Dec. 18, 2015

Today Congress passed a $622 billion tax bill that will allow dealers and their customers to expense a larger portion of business equipment purchases. The "Protecting Americans from Tax Hikes Act of 2015" lowers taxes and gives automobile and truck dealers and their customers certainty to make business decisions for these important tax provisions.

These provisions will be of interest to those purchasing passenger automobiles and trucks for business purposes, but those vehicles are subject to limits on the amount that can be deducted under Sec. 179 expensing and  bonus depreciation allowances. 

Extension and modification of increased expensing limitations and treatment of certain real property as section 179 property. The provision permanently extends the small business expensing limitation and phase-out amounts in effect from 2010 to 2014 ($500,000 and $2 million, respectively). These amounts currently are $25,000 and $200,000, respectively. The special rules that allow expensing for computer software and qualified real property (qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property) also are permanently extended. The provision modifies the expensing limitation by indexing both the $500,000 and $2 million limits for inflation beginning in 2016 and by treating air conditioning and heating units placed in service in tax years beginning after 2015 as eligible for expensing. The provision modifies the expensing limitation for qualified real property by eliminating the $250,000 cap beginning in 2016.

Extension and modification of bonus depreciation. The provision extends bonus depreciation for property acquired and placed in service during 2015 through 2019 (with an additional year for certain property with a longer production period). The bonus depreciation percentage is 50 percent for property placed in service during 2015, 2016 and 2017 and phases down to 40 percent in 2018 and 30 percent in 2019. The provision continues to allow taxpayers to elect to accelerate the use of AMT credits in lieu of bonus depreciation under special rules for property placed in service during 2015. The provision modifies the AMT rules beginning in 2016 by increasing the amount of unused AMT credits that may be claimed in lieu of bonus depreciation. The provision also modifies bonus depreciation to include qualified improvement property. 

There is also an extension of an additional $8,000 in first year-depreciation for certain business vehicles purchased in 2015. This provision provides substantial potential savings for a dealership's business customers, but in order to use the provision in 2015, they must purchase qualifying vehicles before December 31, 2015. (This $8,000 amount continues into 2016 and 2017, but is gradually phased out beginning in 2018.)

President Obama is expected to sign this legislation. NADA and ATD strongly supported and advocated for the permanency and extension of these pro-dealer measures.

Dealers are encouraged to consult their tax advisor to determine how to best maximize their potential tax savings.  


CADA WOULD LIKE TO THANK OUR TITLE AND PLATINUM SPONSORS FROM THE CHARITY PREVIEW PARTY

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CHECK OUT CADA'S BLOGS

The 101” is CADA’s latest blog, featuring the Chair’s Column, written by 2015 CADA Chair Thom Buckley, which is printed in the Bulletin, CADA’S monthly print publication.

CADA also recently unveiled a new events and updates blog, which you can follow by clicking here.


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CLEAR THE AIR FOUNDATION 60 SECOND VIDEO


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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.


COLORADO MINIMUM WAGE POSTERS

As previously reported by MSEC, the Colorado Division of Labor and Employment (the Division) has proposed a 1 percent increase to the minimum wage in Colorado from the current $8.23 per hour to $8.31 per hour beginning January 1, 2016. The minimum wage for tipped employees will increase from $5.21 to $5.29 per hour. The proposed Minimum Wage Order Number 32, which sets forth the new minimum wage and identifies employees covered under the Order, has completed the hearing and comment process and is awaiting final approval by the Division. Upon approval, the Division will issue the Colorado Minimum Wage Order 32 poster that employers are required to post in areas frequented by employees where it may be easily read. For those members awaiting new Colorado all-in-one posters from MSEC’s “update service,” these posters will be sent directly to you once the Division has released the Colorado Minimum Wage Order 32 poster. For those members interested in MSEC’s poster “update service,” please click here for more information.  

Click here for a summary of federal posting requirements.

Click here for a summary of Colorado posting requirements.

Click here for Colorado Minimum Wage Order 32 (covers various aspects of minimum wage – including exemptions, uniforms, recordkeeping, enforcement, etc). 

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

Tammi McCoy, VP, 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.


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

Thursday, January 14, 2015, 10:00 am Mountain Time
10-11am (MST)

Conducting Effective Performance Reviews

Steps to improve employee productivity, protect your company, and increase engagement.

Most individuals don’t look forward to performance reviews, but that doesn’t have to be the case in your workplace. Properly conducted performance reviews can increase employee engagement and boost productivity. Join KPA HR expert, Christina Johnson, in this important webinar as she reviews the necessity of performance reviews and how to conduct them effectively. She will discuss:

  • How to develop a system that provides meaningful feedback.
  • How to engage employees through performance reviews.
  • How to measure both the what's and how's of performance
  • The Pros and cons of self-evaluations.

Click here for upcoming Human Resources webinars.

Click here for upcoming EH&S webinars.


Previously recorded webinars are also available

aa

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

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

SAVE THE DATE!

Innovative Dealer Summit

Tuesday, March 15, 2016
8am - 6pm

Wednesday, March 16, 2016
8am - 2pm


CLICK HERE for more info!

SAVE THE DATE!

8th Annual Charity Preview Party

Tuesday, March 15, 2016
7pm - 10pm


CLICK HERE for more info!

Colorado Dealer Breakfast



Sunday, April 3, 2016
7:00-9:00 AM

 


Renaissance Las Vegas Hotel
3400 Paradise Road
Las Vegas, NV 89169
More information and invitation coming soon!

2016 ACA Basics

On-Demand


For more information or to purchase a copy, please contact:
Mary Arambel
303.282.1457
or e-mail
mary.arambel@ coloradodealers.org

KPA Weekly Webinar

Special Event: HR Practices Webinar for Group Dealerships


10:00-11:00am (MST)


CLICK HERE for upcoming topics and to register!

Previously recorded webinars are also available at the above link.

If you have a particular area of interest or would like to suggest a training seminar topic, please contact Marsha Temple at 303.457.5123 or marsha.temple@coloradodealers.org


FEDERATED INSURANCE: AUTO DEALER CLAIM OF THE MONTH

Federated Insurance’s “Claim of the Month” – Could it happen to you?

A sales rep drove a high-end demo home. That evening, she took friends out for dinner and drinks. On the way home, she caused an accident that resulted in two serious injuries, and the death of a single mother of three.
CLAIM AMOUNT: $3.5 million

What policies are in place to help prevent this from happening at your dealership? Do you know who’s driving your vehicles? Federated Insurance recommends several best practices to help protect your business and manage risks; for example,

  • Know your drivers. Order MVRs on all employees who may drive company vehicles.
  • Limit the number of demos.
  • Transfer the risk: get the title out of the dealership’s name.

These are just a few loss control recommendations you can use to help protect your dealership. To learn more, contact your local Federated Insurance representative and request a copy of our Auto Dealer “Keys to Success” risk management education materials. Federated Insurance is recommended by 18 state and national auto dealer associations just like yours for customized insurance programs and value-added risk management services, such as Federated’s Shield Network®, the Risk Management Resource Center, and the Federated Employment Practices NetworkSM. Visit www.federatedinsurance.com to discover resources you can use to create or ramp up your own risk management program, or to contact your local representative.

CLICK HERE to download a copy of this article.

Federated Mutual Insurance Company • Federated Service Insurance Company* • Federated Life Insurance Company Owatonna, Minnesota  55060 • Phone: (507) 455-5200 • www.federatedinsurance.com *Not licensed in the states of NH, NJ, and VT.

This article is for general information regarding risk prevention and should not be considered legal advice. The claim example is only a basis for discussion and illustrates only one possible scenario. Coverage for actual claims will be determined solely by individual policy terms and facts of the claim. The recommendations presented are not guaranteed to reduce or eliminate any risk of loss. Seek qualified counsel regarding questions specific to your circumstances. © 2015 Federated Mutual Insurance Company.

Federated Insurance specializes in general liability/business insurance for selected industries, including auto dealers.  CADA members interested in more information, contact Mike Russell, Senior Account Executive, Cell: 480.216.5445 or mdrussell@fedins.com

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UNIFIRST... THE NATION'S PREFERRED AUTO UNIFORM SUPPLIER


 

THANK YOU TO THE SPONSORS OF THE 11TH ANNUAL CADA MEMBER GOLF EVENT


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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.



ALL THE NEWS THAT'S FIT TO EMAIL!


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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