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From the category archives: Economic

Economic

New dynamics for construction economic forecasting

4/6/2018 4:21 PM
“This is not your father’s economy.” That’s the message you will hear from Dennis K. Winters, chief economist with the Wisconsin Department of Workforce Development. Winters presented the latest economic numbers at the Associated Builders & Contractors (ABC) of Wisconsin’s SuperCon and emphasized how we are in the second-longest sustained growth period we’ve ever experienced. Read the rest of entry »

Foxconn announcement expected soon

2/27/2018 3:52 PM
"It could be as early as tomorrow, or it could be three weeks from now, but It's coming." This is the message from Matt Maroney, Director of Strategic Economic Development, with the Wisconsin Department of Administration regarding the official announcement of the Foxconn project commencing in southeast Wisconsin.
Read the rest of entry »

Tax reform provisions for contractors

2/1/2018 4:18 PM
John Folsom portraitThe Tax Cuts and Jobs Act was signed into law on December 22, 2017 and it offers substantial changes in the U.S. tax law for both businesses and individuals.  Provisions for C-Corporations are generally permanent in nature, whereas provisions for individuals, estates, and pass-through entities (e.g. partnerships and S-Corporations) typically “sunset” after 2025. There are several changes to the tax law that will be of particular interest to the construction industry.  Read the rest of entry »

Revenue Recognition: Why Should I Care?

12/21/2017 2:58 PM
“Why should I waste my time reading an article about financial statements? Shouldn’t we be putting a shovel in the ground instead to get some work done?”

Your financial statements matter, and you need to understand them. They are the prism through which your surety, financial institution and investors see your company. There is no better time to get that understanding than in the calm before the storm.
Read the rest of entry »

A phishing trip you won't forget!

12/5/2017 9:23 AM
Many contractors enjoy a fishing trip to Canada or up north with family and/or friends to get away and relax. The time away recharges their batteries for what now feels like a year-round busy season.

Another type of phishing trip will you leave feeling anything but relaxed ...
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Health Reimbursement Arrangement (HRA) is helping small businesses

8/18/2017 8:08 AM
The 21st Century Cures Act allows small employers to offer tax-free health benefits to their employees through a Health Reimbursement Arrangement (HRA). Under the new law, your business can reimburse employees for out-of-pocket health costs and insurance premiums and take those payouts as business deductions ...
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Are you prepared for a Cyber 9/11?

7/28/2017 7:36 AM
This week, Lloyd’s of London released a report that stated “a major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as Superstorm Sandy in 2012.” So far in 2017, the "WannaCry" and "Petya/NotPetya" attacks affected hundreds of thousands ...
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Construction job growth led by non-residential sector

5/11/2017 8:06 AM
National construction employment remained largely unchanged for the second consecutive month, adding 5,000 net new jobs on a seasonally adjusted basis in April, according to analysis of U.S. Bureau of Labor Statistics.

The nonresidential construction sector added 3,200 net new jobs in April after ... 
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The four financial reasons why contractors need safety

5/2/2017 8:01 AM
Owning or managing a construction company, chances are you have a lot on your mind, from hiring employees to managing projects to paying bills. One thing that probably isn’t top on your list is ...
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Three common mistakes made selling in construction and what to do about it

4/28/2017 8:26 AM
As the pace of commercial construction picks up, you may not think there is any need to improve in the area of sales. Perhaps you feel there is no need to work harder. You are already working harder than company leaders in most industries, right? Matt Pletzer of Lift Consulting in Madison, Wisconsin, recommends ... 
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Associated Builders and Contractors of Wisconsin
5330 Wall Street, Madison, WI 53718

Phone: 800-236-2224 or 608-244-5883
Fax: 608-244-2401
email: info@abcwi.org