The Florida Automobile Dealers Association’s mission is to serve the interests of Florida’s new car and truck franchised dealers, and advocate on behalf of this $77 billion dollar industry.
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Last month, FADA President Ted Smith took 7 Next Gen Florida dealers to NADA Washington Conference. The Florida delegation included: Eric Coffey, Fitzgerald MotorsAlan Conley, Conley Buick GMCChris Conley, Conley Buick GMCRich Devoe, Devoe AutomotiveEmerson Lee, Lee...
read moreThe U.S. Department of Labor is updating and revising the earnings thresholds necessary to exempt executive, administrative or professional employees (EAP or “white collar”) from the Fair Labor Standards Act’s overtime pay requirements. The final rule will be...
read moreHow prepared are you for a catastrophe? You may not be in a hurricane, earthquake or tornado zone, but no one is excluded from the potential devastation of fire. Could you carry on and rebuild in the event of a partial or total loss of your physical property? By Edie...
read moreAs Florida watches the tropics this hurricane season, FADA would like to remind you of the great insights from dealers who’ve experienced past hurricanes. Protecting your dealership and your employees could become your number one priority this week, so we offer the...
read moreRegulatory
You may have recently received a memo from PDP outlining how you can be protected for service loaner vehicles as rentals. The memo is accurate relative to Florida law but there is more to know. The update from PDP explains how Florida law classifies a “rental...
read moreAs you may be aware, the Law Form retail installment contract, commonly known as the 553, was changed this month. Most of the changes will not be apparent, except for one, the insertion of a pre-delivery service fee section along with the Florida statutory disclosure...
read moreThe Internal Revenue Service (IRS) released both final and proposed regulations on the Tax Cuts and Jobs Act’s (TCJA) bonus depreciation provisions. The proposed regulations address the availability of 100% bonus depreciation for dealers who also deduct floor plan...
read moreDealers with 100 or more employees are subject to the U.S. Equal Employment Opportunity Commission’s (EEOC) EEO-1 Survey filing requirements, which were recently revised to cover new “Component 2” data, including information on employee W-2 wage and hours worked set...
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