GNYADA October 2016 Newsletter

NADA Dealer Guides

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The updated Dealer Guide to Federal Tax Issues is an overview of 23 federal income tax topics, including:

dealer accounting methods advertising expenses

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cash reporting

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n employee v. independent contractor classifications

estate and gift tax

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factory franchise agreements

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n suggested records retention schedule

n UNICAP GNYADA will update our members on these changes and other tax issues at our next Tax Seminar, taking place on Thursday, November 17. To register, contact Phyllis at the Association: PhyllisA@gnyada.com .

NADA has also released a new publication entitled, “A Dealer Guide to Marketing Electric Vehicles.” The Guide addresses topics such as turning salespeople into “EV experts.” Also contained are tactics for making customers feel confident about investing in a vehicle that makes them think differently about commuting, service, parking, etc. To access the Tax Guide and the EV Guide , click HERE . (Your NADA user name and password will be required.)

Attracting Top Talent in the Bronx

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tion systems, and other areas. Courses are offered online with 24/7 access for employee flexibility around work schedules. To accelerate completion of degree programs, enrollees can also receive college credit based on dealership training and work experi- ence. Employees who’ve been with Eastchester for at least 30 days (full- time or part-time), and are in good standing, automatically qualify for enrollment. Enrollees can select from 40 different fields of focus, and also have the option to pursue graduate degrees. The program covers the cost of tuition, books, and all other associ- ated fees, which typically amount to roughly $42,000 per year, per employee. All Chrysler, Jeep ® , Dodge, Ram and FIAT dealerships may participate.

Eastchester General Manager, Barry Schaen with Strayer-enrolled employees Deanna Brown (middle) Alan Katz (right).

Eastchester Chrysler Jeep Dodge recently started providing its staff with a very attractive employment benefit: free college education. The Bronx dealership’s program, Degrees@Work, was initiated by FCA US, in partnership with Strayer University. Eastchester officially adopted the program last winter, and ten employees enrolled for the spring semester. “We feel it’s important to give our employees an opportunity to

achieve their educational goals with- out taking on the financial burden of costly tuition,” said Dealer Principal Brian Dennis. Even more Eastchester employees have registered for the fall. The program was developed based in part on input from dealers and their employees. Depending on the select- ed program of study, courses will range from business administration and accounting to education, informa-

Greater New York Automobile Dealers Association • www.gnyada.com

The Newsletter • October 2016

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