Join us for an afternoon of insightful discussion with leading industry experts providing insights and advice on setting up your business for success in the ever-changing EV market.
Join fellow CATA dealers for an EV workshop and informative conversations with industry experts on a range of topics including:
*Schedule subject to change
Please feel free to add other personnel from your dealership who should be in the EV know. All CATA members are welcome and encouraged to attend!
CLICK HERE TO REGISTER!
The Chicago Auto Trade Association has partnered with the NADA and Financial Renaissance to offer a new benefit its 400 dealer members and their employees. Dubbed the CATA Retirement Program, the 401(k) offering combines the power of the National Auto Dealers Association’s “NADA Retirement from Empower” program and the local expertise of Chicago companies, Financial Renaissance and Correll Co.
“This partnership brings the ‘best of breed’ retirement plan solutions to all CATA dealer members,” said Joseph Orlando, CEO of Financial Renaissance. “This new model combines the power and voice of the NADA with its 16,000 members, the award-winning technology of Empower -- the 2nd largest 401(k) provider in the country and marries it with Financial Renaissance -- a Chicago-based financial services company, as the exclusive broker on the plan.”
“The power of the NADA and Empower combined with the soft, service-based, touch of local partners is a powerful advantage,” said CATA Member Benefits Committee Chairman Dan Marquardt. “These strengths, combined with enhanced 3(38) fiduciary protection and low mutual fund fees, allow the CATA members access to protections they currently may not have or may not have been eligible for in their current retirement plans.”
“Many small business owners don’t fully understand the exposure and liability their company 401(k) plans thrust upon them. We wanted to address that problem and relieve of some of that burden,” said Orlando. “That is the ingredient Correll Co. brings to the partnership.”
CATA dealers interested in learning more or seeking to schedule a plan comparison can do so by calling Joseph Orlando at 312-404-3232.
Brain tumors are responsible for more pediatric cancer deaths than any other type. Last year, this disease took the life of my three-year-old daughter Violet. In response, my wife and I started the Violet Foundation for Pediatric Brain Cancer in her name. The goal of this charity is to raise badly needed money for brain-cancer research and to support local families who have a child undergoing treatment at Lurie Children’s Hospital.
This October, as Violet would have turned 5 years old, a new initiative is launching called Dealerships United Against Pediatric Brain Cancer. Each Napleton store will make a donation to the Violet Foundation for every car sold and I would personally like to invite CATA members join us. It is our belief that by forming a large coalition, our collective efforts can make a huge impact in pediatric brain cancer research. The foundation has no paid employees, so 100% of funds raised go the grant recipients.
The details and signup form can be found here: https://www.violet-foundation.org/dealerships-united, and includes purchasing tickets to Violet’s Walk in the Park, a fundraising event in Hinsdale on Sept. 30. Participating stores would receive showroom material to display during October, showing your customers and your employees what you are supporting. Participants will also be publicized via press release and on social media channels. Together we can make a real difference for these kids and their families, thank you for considering joining in!
The United States Citizenship and Immigration Services (USCIS) released a revised Form I-9, Employment Eligibility Verification, which employers are required to complete for each new employee within three days of beginning employment. The revised Form I-9 can be found at http://www.uscis.gov/i-9.
Starting Nov. 1, 2023, all employers must use the new Form I-9 (edition date 08/01/23). Employers can use the new form or the current Form I-9 (edition date 10/21/19) through Oct. 31, 2023. The new form has several revisions to streamline employment verification and reduce the burden on employers and employees. The basic Form I-9 reporting, data input and retention rules remain unchanged. The changes are outlined by the USCIS here.
Go deeper: For guidance on completing the Form I-9, see USCIS’s website and FAQs. As a reminder, upon completion of Form I-9, the dealership must also retain copies of the Form I-9 documents for three years after the date of hire, or one year after the date employment ends, whichever is later.
On Aug. 30, the IRS announced that the form used by businesses to report cash payments exceeding $10,000 will need to be submitted electronically beginning January 1, 2024. (IR 2023-157)
This pertains to Form 8300, Report of Cash Payments Over $10,000 in a Trade or Business, which is filed by applicable individuals, companies, corporations, partnerships, associations, and trusts or estates as part of the IRS's and the Financial Crimes Enforcement Network's efforts to crack down on money laundering. The reporting requirement triggers when a taxpayer receives cash over $10,000 in a single transaction or in related transactions conducted in any of the 50 U.S. states, as well as Washington, D.C., and U.S. territories.
"The new requirement for e-filing Forms 8300 applies to businesses mandated to e-file certain other information returns, such as Forms 1099 series and Forms W-2," the IRS explained in the announcement. "Electronic filing and communication options will be simpler and will make it easier to interact with the IRS. Beginning with calendar year 2024, businesses must e-file all Forms 8300 (and other certain types of information returns required to be filed in a given calendar year) if they're required to file at least 10 information returns other than Form 8300."
Businesses can submit a Form 8508, Application for a Waiver from Electronic Filing of Information Returns, but the IRS clarified that if a waiver is granted, it applies to all information returns for a calendar year. Waiver requests cannot be submitted only for Forms 8300.
The IRS warned that e-filing confirmation emails by themselves are not enough to satisfy the new record keeping requirement. "When e-filing, filers must also save a copy of the form prior to finalizing the form submission," according to the release. "They should associate the confirmation number with the saved copy. Prior to finalizing the form for submission, businesses should save a copy of the form electronically or print a copy of the form." Copies of each Form 8300 e-filed and any supporting documents need to be kept for five years from the filing date.
CATA HR and employee relations Approved Partner, SESCO, has published its bi-monthly newsletter. In its July/August Edition, SESCO addresses the following:
As an approved partner, SESCO provides complimentary HR and employee relations support to CATA members. Questions? Contact Jamie Hasty at firstname.lastname@example.org or 804-931-6281.
When: Wednesday, October 04, 2023, 9:30 AM - 11:00 AM
Location: CATA HQ 18W200 Butterfield Rd., Oakbrook Terrace, IL 60181
Targeting non-unionized dealerships! Join CATA’s Employee Relations Counsel to learn about the latest NLRB ruling, how it might impact your dealership, and what steps you should take to try to avoid unionization attempts.
Is your dealership prepared to meet the challenges of the reinvigorated union movement? Are your supervisors prepared to educate your employees about the reasons you prefer to remain union-free? Do they know the tell-tale signs to identify potential union organizing activity before organizing efforts go public?
New rules for organizing workplaces and a very union-friendly administration have emboldened unions to increase organizing efforts across the state and within the automotive industry. This presentation will provide attendees with:
The goal of this session is for dealers to leave with an understanding of labor law compliance and union awareness/organizing efforts and the tools to help them create a workplace where third-party representation is not necessary and where employees feel heard and respected.
Join Ms. Jamie M. Hasty, Vice President of SESCO Management Consultants, for this extremely valuable session. SESCO is a partner of CATA and offers human resources support and compliance services to CATA members.
The Chicago Automobile Trade Association (CATA), the area’s new-car dealer association and producer of the Chicago Auto Show, announced the return of Chicago Drives Electric, to be held Sept. 29-Oct. 1. In alignment with National Drive Electric week, Chicago Drives Electric aims to raise awareness on a local level of the many benefits of all-electric, hybrid and plug-in hybrid vehicles and help consumers understand how EVs can fit individual needs and lifestyles.
Registrants will have the opportunity to test drive and experience a variety of brands, ranging from luxury to mainstream, including Alfa Romeo, Audi, Cadillac, Chrysler, Ford, Hyundai, Jeep, Kia, Nissan, Toyota, Volkswagen and Volvo. Models include the Audi RS e-tron GT, Cadillac LYRIQ, Ford Mustang Mach-E, Hyundai IONIQ 6, Nissan ARIYA, Toyota Prius Prime, and Volvo C40 Recharge, among a variety of others. Kia will also have its all-new EV9 three-row SUV on static display, allowing Chicago Drives Electric attendees one of the first chances to see this vehicle in person. Automakers will once again enlist knowledgeable product specialists to be on hand throughout the event to field consumer questions and help demonstrate the features and benefits of each vehicle.
In addition to putting interested parties behind the wheel of an array of the latest EVs, event organizers are bringing in a variety of experts to help break down the various aspects of EV ownership and tackle complex topics such as range anxiety; at-home charging solutions; on-the-go charging and infrastructure; tax credits and incentives; and where people can begin their search. On-hand experts will include representatives from Cars.com, CHARGE Enterprises, ComEd, Drive Chicago and Powering Chicago.
The inaugural Chicago Drives Electric event, held in fall of 2022, produced nearly 3,000 in-vehicle experiences for interested consumers, and this year is shaping up to attract even more attendees to experience a wider portfolio of brands and models.
“Chicago Drives Electric is a unique experiential event that allows the public to get behind the wheel of the latest electrified vehicles back-to-back,” said JC Phelan, Chicago Auto Show chairman. “Space is limited to ensure a quality experience for all involved. When spaces for the fall event fill up, we’ll encourage people to visit the 2024 Chicago Auto Show’s Chicago Drives Electric EV test track inside McCormick Place, which will provide ample opportunities for interested parties to learn about and experience the latest EVs.”
“The expanded Chicago Drives Electric hub at the 2023 Chicago Auto Show hosted five brands with a wide range of EVs to test drive, producing more than 155,000 in-vehicle experiences,” Phelan added. “This is a testament to the continued momentum behind Chicago Drives Electric as auto manufacturers debut the latest models and new technology.”
“The EV market continues to be in a rapid growth pattern,” added Kelly Webb Roberts, CATA chairwoman. “As the public navigates this next generation of driving, we want our communities to know that the Chicagoland new-car dealers are here to be partners in that journey. After more than a century of driving internal combustion engine vehicles, consumers are destined to have questions on the expeditious push to EVs, and Chicagoland’s new-car dealers are crucial in providing those resources and much-needed education.”
Registrations have limited capacity and are available at ChicagoAutoShow.com on a first-come, first-served basis. Once all time slots have filled, a waitlist will open for those wishing to attend.
For more information, visit: https://www.chicagoautoshow.com/about-the-show/chicago-drives-electric-2023 and follow Chicago Drives Electric on Facebook and Instagram. Test drives are reserved exclusively for the public who pre-registered for the event.
Imperial Surveillance is a licensed security contractor headquartered in Chicago with offices in Ft Wayne and Milwaukee. Imperial has partnered with several national brands and numerous car dealerships throughout the Midwest, providing the latest technologies in real-time video monitoring to protect the property of their clients.
With security strategies that include Surveillance Camera Systems, Burglar Alarms, Access Control, Key fob Systems, Fire Alarms, Intercoms and License Plate Recognition, Imperial’s most important offering is Live Video Monitoring. Dealership property can be live-monitored using existing cameras or with one of Imperial’s mobile camera towers. Both options have a staff of monitoring agents that use a combination of responses like live call downs, strobes, loud sirens, and police dispatching.
Imperial treats its customers as business partners. They offer a full security analysis at no charge and provide all the best technologies available. To learn more, visit www.imperialcctv.com or contact Joe DeFrancesco, Major Accounts Executive at JoeD@Imperialcctv.com / 847-452-7028.
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As a benefit of your CATA Membership, dealers can contact SESCO with HR and union questions by calling 800-764-4127 or sending an email to email@example.com. Additionally, dealers can contact Jamie Hasty at firstname.lastname@example.org or 804-931-6281.
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Oakbrook Terrace, IL 60181
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