Auto Dealer Office Management Association ____________________January 2025 NewsTrax Issue

Your monthly news & updates

UPCOMING MEETINGS

Educational meetings are open to all in the automotive industry, but generally designed for the benefit of our Controllers, Business and Office Managers in the Southern and Northern California areas.

EXECUTIVE BOARD MEETING

Date: Saturday, January 11th

Time: 9:00 am – 11:00 am

Meeting Location: Nissan Buena Park

6501 Auto Center Dr., Buena Park, Anaheim

Members welcome, space limited; RSVP ASAP if you plan to attend. Invites will be emailed to you by new President Yolanda Lucero

3 Days Left to RSVP - Have You Made Your Reservations?

January 15, 2025

UPCOMING IN-PERSON QUARTERLY MEETING

Members bring a first-time guest to the meeting and receive a chance to win a $25 gift card.

If your guest joins… you'll receive a prize!

JOIN ADOMA TODAY!

Topic: New 2025 DMV Laws

Speaker: Angela Fernandez and

Nikki Champagne (BIO)

Topic: Dominico's Italian Restaurant

236 W Huntington Dr., Monrovia, CA 91016

Time:

5:30pm – 9:00pm

In-Person Updated Cost:

$75 Member

$85 Non-Member

RSVP Deadline:

January 6th

RSVP

PRESIDENT'S MESSAGE

Happy New Year!!!

I hope everyone was able to wrap up 2024 with wonderful holiday celebrations that put the perfect cap to the end of the year.

As we kick off 2025, we are scheduled to hold our first Executive Board meeting of the year on Saturday January 11^th at Nissan Buena Park at 9:00am. We will be planning the 2025 ADOMA Educational Conference. If you would like to contribute to the planning, please join us.

EDUCATIONAL ARTICLES / BLOGS / EVENTS / WEBINARS

Auditing 1094-C and 1095-C Filings for Tax Year 2024: A Comprehensive Guide - By Anne Kelly

As the filing deadlines approach, ensuring accuracy in 1094-C and 1095-C submissions is critical for compliance with the IRS and Franchise Tax Board (FTB) regulations. Here is a detailed guide to auditing these forms for the 2024 tax year, focusing on key areas such as affordability measures and form completeness.

ANNE KELLY

Kelly & Kelly Insurance & Patrick & Patrick Insurance Services Inc.

Webinar

News: One View Presenting Dealer Lab Session on Safeguarding Data at NADA

One View also exhibiting their industry leading document management and data solutions

INDIANAPOLIS — DECEMBER 19, 2024 — One View, a leading provider of document management and data solutions for automotive

To File or Not to File: Navigating BOI Reporting After the Texas Injunction

Published: 12/17/2024

The landscape of compliance with the Beneficial Ownership Information (BOI) Reporting requirement under the Corporate Transparency Act (CTA) has changed dramatically following a recent federal court decision. Here’s what businesses need to know about the current status and next steps.

BOI Reporting Deadline Extension Proposed in House Budget Bill

Published: 12/19/2024

The 1/1/2025, deadline for reporting companies to file beneficial ownership information (BOI) reports could be extended by one year, based on a continuing resolution proposed in the House of Representatives.

U.S. Appeals Court Reinstates Beneficial Ownership Reporting Requirement

Published: 12/24/2024

A U.S. Appeals Court has lifted a temporary block on the enforcement of a key anti-money laundering law, known as the Beneficial Ownership Information (BOI) reporting requirement, thereby reinstating the 1/1/2025 reporting requirement.

FinCEN Extends BOI Reporting Deadline to 1/13/2025

Published: 12/24/2024

In light of a December 23, 2024, federal Court of Appeals decision, FinCEN has extended the BOI reporting deadline to 1/13/2025 for most businesses.

BOI Reporting Requirements Paused Again as of 12/27/2024

Published: 12/27/2024

In a surprising turn of events, the Fifth Circuit Court of Appeals has reinstated a nationwide injunction that halts the enforcement of beneficial ownership information (BOI) reporting requirements.

Platinum Vendor Sponsor Member of the Month

www.avrs.com

Platinum Vendor Sponsor Member of the Month

www.Dealer-Pay.com

Thank You 2024 Platinum Vendor Sponsors.

We really appreciate your continuous support. It's due to your support that ADOMA is able to fulfill it's mission.

Click here for more information on our Platinum Vendor Sponsors.

Accumatic Inc
ACV Auctions
AVRS
Brightline Dealer Advisors
CDK Global
Chergey Insurance
Cliff LLP
Comerica Bank
Complete Office of California
Dealer Pay
Dominion DMS
(ECS) Electronic Cash Systems
Federated Insurance

HR Hotlink
KPA
Merchant Advocate
One View, Inc.
Reynolds & Reynolds
Roger Rossmeisl, CPA with Kho & Patel CPA's
Rogers, Clem & Company
Scali Rasmussen Law Firm
USI Insurance Services
Vitu
Wells Fargo Bank

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ADOMA OPPORTUNITIES

Welcome, California Controllers, Business & Office Managers and industry vendor firms.

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& Lead!

Membership

ADOMA is here to support auto industry professionals by providing educational programs, leadership skill building, peer support opportunities, and the list goes on!

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Advertising / Sponsorship

Interested in reaching the ADOMA membership and our industry friends. Then advertise in our Newsletter, on the Website or by Sponsoring a upcoming event.

Job Bank

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Volunteers Needed

Build great and lasting relationships and experience by volunteering to serve on a Board and/or Committee.

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