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Archive December 2017

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Compliance Consultation Service: What Is It, What It Isn't, and How to Use It

Members can utilize the TIADA Compliance Consultation Service to submit legal and compliance questions. 

 

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The Ultimate Compliance Checklist

By Guest Blogger Steve Levine
Chief Legal Officer
Ignite Consulting Partners

For several years I was responsible for creating the compliance learning curriculum for the AutoStar Innovate Users Conference.  I would include checklists in the learning materials because they are a convenient and effective “take away” for attendees.  I remembered this recently when I gave a speech to a local independent auto dealers association.  The facility wasn’t set up to use a power point presentation so I went “old school” and provided attendees a checklist that highlighted half a dozen broad categories of compliance issues.  The feedback was great, with many dealers saying the checklist forced them to focus and identify their vulnerabilities.  What follows is a pretty thorough (though certainly not all-inclusive) list of compliance issues for an independent car dealer to consider.  I encourage everyone to use this to critically evaluate their current state of compliance and seek help in the areas in which you fall short.   

 

 

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The Tax Reform Act and Its Potential Effect on Your Dealership

By Guest Blogger David Wiggins
CliftonLarsonAllen

Well, here we are at the end of another year. Republicans have waited for years to have the upper hand to make some long-awaited tax law changes. These tax law changes will be effective in 2018 and will hopefully keep the economy rolling and car sales growing.

House Republicans recently released their initial bill, and last week the Senate has released its version of tax reform. Now that both chambers have voted and approved their bills, the two will have to be
combined for a final bill that can be sent to President Trump for approval.
 

 

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