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Visit Our Website
www.IllinoisDealers.com
Join our mailing list!
Do you know of other member dealership employees who should be receiving the IADA Electronic Bulletins? Let us know! Send an email to Meghan Sander (msander@illinoisdealers.com), Director of Communication, with the contact information of people who should be on our distribution list.
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2015 IADA OFFICERS
Chairman
Dave Taylor
Taylor Chrysler Dodge & Jeep, Inc.
Bourbonnais
Vice Chairman
Sam Roberts
Roberts Motors, Inc.
Alton
Treasurer
Jack Schmitt
Jack Schmitt Chevrolet
O'Fallon
Secretary
Dan Roesch
Roesch Auto Group
Elmhurst
President
Peter Sander
IADA
Springfield
IADA Staff Contacts:
Ph# 1-800-252-8944
Pete Sander
President
Ext. 103
psander@illinoisdealers.com
Larry Doll
Legal
Ext. 105
ldoll@illinoisdealers.com
Mark Harting
Administrative Services
Ext. 110
mharting@illinoisdealers.com
Mike Healey
Member Services
Ext. 107
mhealey@illinoisdealers.com
Joe McMahon
Legislative
Ext. 113
jmcmahon@illinoisdealers.com
Meghan Sander
Member Communications
Ext. 109
msander@illinoisdealers.com
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Your
IADA
Partner
Moving Vehicle Registration Into The Future
(click logo for more details)
Upcoming Webinars
April 2nd
Brooke Samples
Forecasting for 2015 and Beyond: Your Guide for Creating Department Forecasts that Yield Big Results! (12 PM CST)
Click here to register!
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April 9th
MJ Zappe
Understanding User Management Differences in myKPAonline (12 PM CST)
Click here to register!
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March 27, 2015 Vol 2013, Issue 52
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IADA LEGISLATIVE CONFERENCE MAY 5
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Make your voice heard in Springfield, by attending the IADA Legislative Conference, scheduled for Tuesday, May 5th at the Springfield Hilton.
There is no cost to attend the Conference! IADA, with help from our key sponsors CVR and Federated Insurance, is hosting the luncheon and reception. CAR of Illinois is sponsoring the Legislative Reception/BBQ. What we need are dealers to attend and visit with legislators regard the proposed repeal of Sunday closing legislation. Legislators need to understand the impact the repeal could have on your dealership and employees!
This year IADA has a full program of speakers lined up, starting with our opening session, Governor Bruce Rauner has been invited to speak, Rich Miller, Political Columnist will update you on the Illinois Legislative Scene; NADA Legislative & Regulatory issues will be covered along with a briefing on State Legislative issues. (Yes, that includes ongoing attempts to repeal the Sunday Closing Law)!
Always a highlight of the Conference is members visiting the Capitol and meeting with their members of the General Assembly. Following the visits is the IADA Legislative Reception & BBQ, hosted at the IADA offices, overlooking the State Capitol for members of the Illinois General Assembly.
Please mark your calendars and plan to join us for an informative political session on legislative and regulatory issues impacting your dealership.
Registration information and tentative schedule is attached - Register today - join us for one day to promote the auto industry in Illinois! |
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NADA RELEASES ARTICLE ON WAYS TO PRESERVE CASH FLOW WHEN RECEIVING FACTORY IMAGE PAYMENTS
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Many auto dealers renovate their facilities as the result of factory-mandated image programs. These programs typically involve factory financial assistance to participating dealers to offset a portion of their investment. Dealers often assume they can reduce the cost basis of this investment by the amount of factory assistance received and are surprised to learn that IRS issuances to date on the topic, although informal and disagreed with by some dealer tax advisors, state that this amount is taxable income in the year it is earned.
Dealers should be aware, however, that there are several mechanisms available to them that may be able to reduce the impact of the current tax obligation associated with factory image program payments. In a brief article entitled Tax Implications of Dealership Facility Image Upgrades, the dealer accounting firm Boyer Ritter outlines these mechanisms and provides an example of how applying them may help a dealer to preserve a manageable cash flow. Dealers are encouraged to share and discuss this article with their tax advisor. |
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FTC BROADENING ENFORCEMENT ACTIONS
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The Federal Trade Commission is broadening its enforcement of car dealerships to crack down on deception and fraud in operations that go beyond advertising.
The latest actions, announced today, also target auto-loan application fraud and deceptive practices related to add-on products and services.
Jessica Rich, director of the FTC's Bureau of Consumer Protection, outlined the "Operation Ruse Control" initiative.
The FTC is pairing up with numerous law enforcement agencies to conduct a "nationwide and cross-border crackdown on deception and fraud in the auto marketplace," the agency said.
It includes more than 250 actions from more than 30 law enforcement agencies. Those actions range in charges that include deceptive advertising, criminal automotive loan application fraud, odometer fraud and deceptive marketing of car title loans.
Add-on products:
Among the six new actions announced by the FTC are its first auto enforcement cases involving add-on products or services. These two FTC cases include more than $2.6 million in monetary judgments. The FTC defines add-on products as products or services a dealer or other third party adds to the vehicle lease or finance contract.
At a press conference, Rich said, "Consumers have told us that in many cases, the prices of add-ons are not disclosed adequately or they fail to provide the promised benefits."
She added, "To date, the FTC has also brought dozens of other auto-related cases involving subprime auto loans; deceptively marketed car title loans; dealer misrepresentations about prices, discounts, who will pay off the amount owed on a trade-in vehicle; and scams in which companies promise to reduce auto debt in exchange for a large up-front fee, but then take consumers' money and do nothing."
String of FTC enforcement:
Operation Ruse Control is the latest in a string of actions by the FTC to address practices by car dealers.
Since the FTC began Operation Steer Clear, a nationwide sweep the FTC unveiled in January 2014, the FTC has settled with 12 dealerships accused of deceptive advertising.
Under those settlements, if the dealers failed to comply at any point over the next 20 years, they could face a fine of as much as $16,000 each day a deceptive ad runs.
The settlements are part of an FTC crackdown on dealer advertising that began three years ago. In March 2012, the agency settled with five dealers that it had accused of running deceptive ads. In late 2013, the FTC settled with two more.
In January 2014, when Operation Steer Clear was announced, the agency warned that it wouldn't let up. It's doing the same now. "Protecting consumers in the auto marketplace remains a top priority for the FTC," Rich said. "If auto dealers are not following the rules of the road, we will step in to apply the brakes."
Source: Automotive News
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DOL CHANGES FMLA DEFINITION OF 'SPOUSE'
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The U.S. Department of Labor (DOL) has revised the definition of "spouse" under the federal Family and Medical Leave Act (FMLA). Effective March 27, eligible employees seeking to take unpaid, job-protected leave to care for a spouse (or certain family members related by marriage) with a serious health condition, for exigency leave related to a spouse's military service, or for military caregiver leave, may claim a same-sex, common law, or foreign-celebrated marriage (if valid under any state law). The new DOL rule also states that the validity of a spousal relationship is based on the law of the place-of-celebration, not the law where the employee resides (or is employed).
Language in the preamble to the new DOL rule seems to suggest that an eligible employee seeking FMLA leave need only allege the existence of a spousal relationship, and that employers may not require proof or documentation of such. This runs directly counter to existing regulatory language, and to DOL Forms WH-381 and WH-382, which contemplate that employees seeking leave provide sufficient documentation to establish a spousal relationship. Moreover, the preamble seems to suggest that employers are presumed to know the marriage laws for all potential "places-of-celebration."
Dealers should revise their leave policies to accommodate the new definition of "spouse," should educate employees about the new definition and its potential impact on FMLA leave requests, and to attempt to administer the FMLA rules equally and fairly with respect to all eligible employees. In addition, dealers should pay close attention to any state law mandates that vary from the federal scheme.
Additional information on the DOL's final spousal definition rule is available here. Questions? Please contact NADA Regulatory Affairs at 703.821.7040 or regulatoryaffairs@nada.org. |
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ILLINOIS CVR USER GROUP AND TITLE, TAX, & REGISTRATION SEMINARS
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Due to overwhelming response we've added an additional session below:
Friday, April 17, 2015
Chicago Automobile Trade Association
(CATA)
18W200 Butterfield Road
Oakbrook Terrace, IL 60181
(Morning Session Only)
Join IADA and CVR, the most experienced Title and Registration team in IL, and take advantage of this great chance to truly interact with the ILLINOIS EXPERTS!
Click here to register! |
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KPA: ANSI'S NEW MINIMUM REQUIREMENTS FOR FIRST AID KIT SUPPLIES
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What do you need in your First Aid Kit? As always, OSHA (1910.151) requires that a
workplace assess the hazards present first. However, OSHA also references the ANSI
standard in (non-mandatory) Appendix A as an example of minimum first aid kit
requirements. As of January 12, 2015, those standards have been revised and can be a good starting point for your First Aid Kit needs (ANSI/ISEA Z308.1-2014).
Click here to contine reading..
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