DEALER NEWS & INFORMATION
REGULATORY & LEGAL UPDATES
USA TodaY Dealer Innovation Award Nominations Now Being Taken
Are you aware of a
special dealership success story involving significant energy savings? Nominate that dealer — yourself or someone else — for the
USA Today Dealer
Innovation Award! This award
recognizes "green" dealerships that have implemented effective initiatives
to save energy, reduce utility costs and help protect the environment. The
deadline for nominations is Feb. 15.
Four winners will be chosen and will be featured in a full-page ad in USA Today and NADA's AutoExec magazine. One grand winner, selected from among the four, will be honored at a special ceremony on March 18, held in conjunction with the New York International Auto Show, and will receive roundtrip airfare and hotel accommodations for two in New York City and two VIP auto show passes.
To nominate yourself or someone else, CLICK HERE to complete and submit the official nomination form.
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Listed here are several articles pertaining to the auto industry that appeared recently in newspapers and other media outlets across the nation. Highlights from various auto shows around the nation and world: 2008 North America International Auto Show Mixed message: Trucks, SUVs, view with green machines for spotlight Guide to all the hoopla and parties Cars & Stars: In perfect harmony Green cars in spotlight at Detroit Auto Show
CADA
forwards news articles and opinion columns of interest through Open Road to inform members of current events. These in no way reflect the views,
opinions,
and/or positions of CADA or its member dealers. They are sent for
informational and educational purposes only.
The Detroit News,
Jan. 14
Detroit Free Press,
Jan. 12
Detroit Free Press,
Jan. 12
And they're off...News Coverage fROM the first week of
the 2008 STATE Legislative Session
The Colorado General Assembly began meeting last week and will continue until May. Before the session began, CADA dealers were the target of several prospective legislative proposals that will intertwine among the healthcare, transportation and environment issues, which will likely assume a good portion of the legislative agenda at the state capitol this year. Listed here are several articles highlighting the beginning of this year's legislative session and the media's take on what will happen in 2008:
-
Extra, January 9: Under the gold dome
Rocky Mountain News, Jan. 9 -
Groff a welcome change
Rocky Mountain News, Jan. 10 -
GOP welcomes guv aboard on education reform, urges restrain on 'costly schemes'
ColoradoSenateNews.com, Jan. 10
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If you have questions on any legislative topic, please contact:
-
Nancy Burke, Vice President - Public Policy and Communications, nancy.burke@cadaonline.org, 303.457.5115
-
Tim Jackson, President, tim.jackson@cadaonline.org, 303.282.1448
FORM 8300 Cash Reporting -- Consumer Notice Reminder by Jan. 31
Generally, any person in a trade or business who receives more than $10,000 in cash in a single transaction or related transactions must complete a Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business. Form 8300 is a joint form issued by the IRS and the Financial Crimes Enforcement Network (FinCen) and is used by the government to track individuals that evade taxes and other criminal activities. Although the cash reporting requirements apply to many types of businesses, auto dealerships frequently receive cash in excess of $10,000 and are required to comply with the filing requirements.
Additionally, businesses must notify customers that it has filed a Form 8300 regarding their cash transaction(s) -- in writing, by Jan.31 of the subsequent calendar year. Excerpt from publication 1544 is below:
Required statement to buyer.
You must give a written or electronic statement toeach person named on any Form 8300 you must file. You can give the statement electronically only if the recipient agrees to receive it in that format. The statement
must show the name and address of your business, the name and phone number
of a contact person, and the total amount of reportable cash you received from the person during the year. It must state that you are also reporting this information to
the IRS.
The IRS form and publications on this topic are:
|
Cash Payments of More Than $10,000 |
|
Forms and Instructions: |
8300 |
Report of Cash Payments More Than $10,000 Received In a Trade or Business
|
|
Publications: |
1544 |
Reporting Cash Payments of More Than $10,000
|
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Title
processing: Douglas County
motor Vehicle
dealer/lienholder
workshop
The
Douglas County Motor Vehicle
department is offering a
Dealer workshop this month.
When
: Wednesday, Jan. 23, 2008, 9 a.m. to 4 p.m.Where: Castle Rock Motor Vehicle Location (basement level training room)
301 Wilcox Street, Castle Rock, CO 80104
Contact: Katy DeBoer or Heather Lincoln at 303.660.7440
(Space is limited to the first 28 reservations)
See their web site for more information: www.douglas.co.us/clerk/motorvehicle/
CLICK HERE
for
the flyer with more
information.
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An index to all 2007
Regulatory & Legal Articles
has been added to the Open
Road archives from last
year:
www.cadaopenroad.org/enewsletter/enews_archivesssss2007.htm
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If you have questions on any legal or regulatory issue topic, please contact:
-
Tammi McCoy, Vice President, tammi.mccoy@cadaonline.org, 303.282.
1449 -
Tim Jackson, President, tim.jackson@cadaonline.org, 303.282.1448
|
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. |
Two seminars will be held NEXT WEEK...register now!
Top Denver EMPLOYMENT attorney, Todd FredricksoN,
Shares Knowledge throughout The state
Top
Ten Blunders
Employers Make in
Hiring and Firing
CLICK HERE
for flyer/registration form.
Practical advice to prevent employment litigation:
-
Learn to avoid mistakes that often lead to big ticket employment litigation
Learn to address hiring issues head on, such as creating and maintaining sound pre-hire paperwork, complying with federal and state immigration laws, and not falling prey to breach-of-contract lawsuits
Learn to properly handle employment terminations without landing yourself or your business in the middle of a discrimination or wrongful discharge lawsuit
Learn to better manage your employees when dealing with difficult hire and fire issues
is a shareholder at Otten Johnson in Denver. Specifically, Todd has defended employers against claims of discrimination, harassment, and retaliation based on race, color, religion, sex, national origin, age, and disability.