What You Need to Know
To Elevate and Unite Automotive Professionals, and Give Them Voice
"Like" us on Facebook!
Join the more than 1,000 likes on the ASCCA Facebook page to get up-to-date information and industry facts!
|Today is YOUR LAST CHANCE TO WIN GREAT PRIZES!|
Do You Have Your Sign?
Today is the last day to submit your photo for The Sign You Can Trust contest!
All you have to do is take a picture of your sign and send it to staff at email@example.com The chapter with the highest percentage of pictures submitted of shops with the new sign will win 1 FREE ADMISSION to the 2013 Summer Conference INCLUDING a two night stay at the Hilton Irvine.
Other individual prizes include:
- Three cases of synthetic oil from Kendall Oil
- Made to order ASCCA jacket from G & K Services
- $100 Visa gift card
- Beautiful limited edition print by wildlife artist Sandra Jordan
If you don't have your sign you can get one by contacting staff at firstname.lastname@example.org.
Click here for a sign order form.
April is National Car Care Month
April is National Car Care Month - be sure to remind your customers and provide them this link with helpful hints on your websites and Facebook pages.
Click here for helpful hints.
It's that Time of Year Again! 4 Tax Tips for Small Business
Published by Forbes
For small-business owners in the U.S., April brings with it a certain degree of extra anxiety and stress. The shifting tax landscape - from deductions to ever-changing rules - is seldom at rest and the chances to miss opportunities are many.
Zogby Analytics recently polled 400 U.S.-based accountants and found the biggest mistake small-business owners make is not keeping their financial records up-to-date, followed by a lack of understanding when it comes to their tax obligations - especially around deductions.
With that in mind, let's look at what owners need to know, changes this tax season that they'll want to keep their eyes on, and some ways to steer clear of common mistakes.
1. Consider All Deductions within Reason
If a business recently upgraded with new hardware or software, some of these new tools may be eligible for deductions. Section 179 of Small BusinessExpensing allows owners to deduct the full purchase price of qualifying equipment and software up to $500,000. This is a 2013 tax extension, and it's potentially on the chopping block for 2014.
For those filing home-office deductions, this year there is a simplified form that caps at $1,500. This isn't a replacement of the traditional home-office form - taxpayers can still file the original way if home-office expenses exceed $1,500.
Some common deduction mistakes to avoid include:
- 43% of the accountants said that SMB owners over-deduct when it comes to income.
- 27% said that small-business employers misidentify their workforce along lines of employee and contractor states.
- Some 30% of owners tried to list a family vacation as a business trip. Meanwhile, 15% cited pets and pet food as a deductible expense.
2. Be Aware of Changes to Healthcare and Payroll Taxes
Under the Patient Protection and Affordable Care Act, beginning in 2013, higher-income taxpayers must pay a 3.8% additional tax on Net Investment Income. Additionally, high-earners will incur an Additional Medicare Tax of 0.9% on wage and/or self-employment.
Business owners should also keep in mind that the American Taxpayer Relief Act did not extend the 2% break (2011-12) to the payroll tax.
3. Proactively Record Expenses: Establish and maintain even more accurate systems for storing receipts. Cloud-storage technologies offer a gamut of easy and affordable ways for SMBs to keep track of their expenses. One click with the camera on an iOS or Android device and bid adieu to piles of crumpled receipts.
4. Don't Leave Money on the Table: Out-of-pocket expenses landed as the number one overlooked deduction followed by auto expenses, according to the survey. So track those miles, save those dinner receipts, and write off that iPhone 5 - it will all add up in the end.
Proactive Owners Win at Tax Time
In the end, what 72% of the accountants said is that they could do a better job of building good habits, correcting deductions problems, and helping owners file better returns if they could interact more with the business throughout the year.
Sure, that's advice that's squarely in an accountant's best interest, but getting out of the habit of playing catch-up every March and April is undoubtedly a good thing as well.
The underlying message is this: get proactive and stay in touch with the changes and alterations to the tax rules as the year unfolds. The end result? Less panic and anxiety for business owners every spring.
April Member of the Month
Gene and Robin Morrill, Certified Automotive Specialists, Glendora, CA
In his own words:
"My wife Robin and I are the owners of Certified Automotive Specialists in Glendora. Our goal has always been to stay ahead of the changing automotive industry, have an awesome place to work and be profitable.
Certified Automotive Specialists' mission is to provide safe and reliable transportation for our customers by thoroughly inspecting each car we service. We're committed to educating our customers so that they can make the best service and/or repair decisions possible.
We also believe it's our responsibility to be leaders in the automotive industry and to meet or exceed all industry standards.
I'm a 28-year member of ASCCA, but didn't attended meetings early on, much like many members today. After being encouraged by a member to go to a meeting, I was hooked. Older and wiser members let me sit with them and shared their secrets of success and even bought me a beer or two to boot.
Most of these members have retired or passed on, but I cannot thank them enough for the track they put me on to improve my business.
"The more you know, the more you grow" is my philosophy and I now have an Associate's degree in Automotive Technology, I graduated from the AMI program with an AAM degree. In addition, I am a graduate of ATI's owners course, an ASE Master Technician, a Professor at Citrus College in the Auto Tech Department and very involved with my local community.
All of this happened over many years of commitment to myself - to become a better shop owner and by being involved with our industry. Remember, if you don't start, you can never finish.
My affiliation with ASCCA and Chapter 5, as well as other professional organizations and other shop owners has catapulted our company to one of the top shops in our area. Thanks to the many trainers and fellow shop owners who shared their time and expertise with me."
ASCCA members like Gene are shining examples of how One Member CAN Make a Difference!
Calendar of Events
Tuesday April 16, 2013
(registration deadline extended)
Governor's Council Room
Governor's Office - First Floor
California State Capitol
Click here for full agenda.
Click here for Fly-In information.
Click here for a Bill Summary.
Hotel Rate: $99
Hotel Reservation: 1-800-445-8667
Online Registration NOW Available!
Click here for the Attendee Brochure.
Embassy Suites Sacramento
Huge Recall for Honda, Toyota, more: Airbags Can Spray Shrapnel
Written by Larry Hirsh, The Los Angeles Times, April 11, 2013
A faulty airbag part that can explode and send shrapnel into the passenger cabin is responsible for the global recall of more than 3 million cars manufactured by Honda, Nissan, Toyota and General Motors and will likely lead to more recalls.
The problem was reported to Japanese safety regulators late Wednesday night, but since the part manufactured by Takata Corp. is used internationally, it probably affects more automakers.
"Takata supplies a lot of U.S. manufacturers too," said Michelle Krebs, an analyst with auto information company Edmunds.com.
All of the recalled cars announced so far were produced from 2000 to 2004.
In some of these vehicles, the propellant housed in a metal canister in the system can burn too quickly, causing the container to explode. If that happens, metal shards will rocket up into the windshield and ricochet down onto the passenger's feet.
Normally, gasses from the propellant fill up the airbag, which protects the passenger in a crash, said Chris Martin, a Honda Motor Co. spokesman.
"It is designed to burn at a controlled rate, even at just a fraction of a second," Martin said. "If the propellant burns too quickly, the little holes in the canister are not enough to release all that pressure and the canister can break apart." He said Honda knows of one crash in which a passenger front airbag deployed with too much pressure, causing the casing to rupture. Honda is not aware of any injuries or deaths related to this issue.
Honda told Japanese safety regulators that it will recall 1.1 million vehicles, The total includes 426,000 Civic vehicles from the 2001-03 model years, approximately 43,000 CR-V vehicles from 2002-03, and approximately 92,000 Odyssey vehicles from 2002.
Toyota Motor Corp. recalled 1.7 million vehicles, including about 510,000 in the U.S., including Corolla, Matrix, Sequoia, Tundra and Lexus SC 430 models. Toyota believes that about 170,000 of those vehicles were built with the Takata airbag system that's caused the problem, but will have to inspect all of the cars, said Cindy Knight, a Toyota spokeswoman.
Toyota knows of five reports of faulty airbag deployment, including three in the U.S. but said it was not aware of any injuries, Knight said.
"The airbags are not inadvertently deploying, these were all in crashes," Knight said.
Nissan Motor Co. recalled 480,000 vehicles globally, but was still determining how many in North America. The models recalled in Japan include the Cube and Maxima, both sold in the U.S.
General Motors Co. said it would recall about 55,000 Pontiac Vibes from the 2003 model year sold in the U.S. and Canada.
GM has discontinued the Pontiac line, so Vibe customers will be taken care of at other GM dealerships, said Alan Adler, a GM spokesman.
Mazda Motor Corp. said it recalled 20,000 vehicles, but less than 200 in the U.S. The affected cars include the Mazda6 and RX-8.
Ford Motor Co. said it was looking into the issue to see if it would have to recall any vehicles. Chrysler Group said it was not affected by the Takata airbag issue.
Toyota has recalled more than 10 million cars in recent years to fix a variety of problems and was fined by U.S. regulators for not making the moves rapidly enough. Since then, automakers have been very quick about recalling cars, Krebs said.
"They don't want to be caught dragging their feet like Toyota, but I am concerned that within the flood of recalls consumers won't pay attention to the important ones," Krebs said.
"This is an important issue, consumers should get the repair made," Krebs said.
Nominate an ASCCA Member for Member of the Month!
The ASCCA Member of the Month is a new program developed by ASCCA leadership to recognize our members who go above and beyond to support our core purpose: To Elevate and Unite Automotive Professionals and Give Them Voice.
Each Member of the Month will receive a certificate and a $50 Visa gift card. Additionally, the member will be recognized on the ASCCA website homepage for one month, announced on Team Talk, featured in the WYNTK and in the California Independent.
YOU can nominate a Member of the Month by sending your recommendation to Heather Vigil at email@example.com. All nominations should include a summary of why your nominee should be considered for ASCCA's Member of the Month.
When making a recommendation, please use the following criteria:
- Faithfully adheres to ASCCA code of ethics
- Active proponent of ASCCA (both State and Chapter); talks up ASCCA to non-members
- Actively helps oter shops succeed (both member and non-member shops)
- Utilizes member benefits (ASCCA Advantage) and mentors new members utilizing benefits
- Active in local Chapter (where applicable) and state events
- Adds his/her voice to legislative issues; contacting representatives on key issues
- Pays dues on time
- Participates in/monitors Team Talk
Each nomination will be carefully reviewed and considered by the ASCCA Membership Committee. The pool of Members of the Month winners will be voted on by the Chapter Representatives Committee for Member of the Year to be honored at ASCCA's Summer Conference, June 21-23, 2013 at the Hilton Irvine Orange County.
For more information on the Member of the Month program, please contact Heather Vigil at firstname.lastname@example.org.
One Capitol Mall, Suite 320
Sacramento, CA 95814