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From the category archives: Economic

Economic

Targeting the "independent contractor"

5/17/2019 8:08 AM
Drywall photoAdvances in technology have resulted in one in five jobs in America now being some form of non-traditional worker-company relationship, like independent contractor. Independent contractor work is appealing for both the worker and the company. The contractor has the benefit of setting prices, work hours, type of work, and completion schedule. Misclassification occurs when an employer incorrectly defines a worker as an independent contractor rather than as an employee. Oftentimes, misclassification is an honest mistake by an employer, but there is a perception among some elected officials and union officers that employers misclassify their workers to evade the laws that protect employees and ... Read the rest of entry »

Improving contractor performance (and profits)

4/17/2019 1:35 PM
Money imageThe most unused tool for most contractors is their accounting system. There are few tools that can help either make more money – or help you to lose it all – than the accounting system. You use it to help improve your company’s performance and cash flow.A 2016 study by Dodger Data and Analytics concluded that high-performing contractors – those who complete 25 percent or more of projects ahead of schedule Read the rest of entry »

Revisiting predictions made about prevailing wage repeal

4/12/2019 2:16 PM
John Mielke photoThere’s an old quote that says, “the historian is a prophet looking backwards.” Legislation is oftentimes subject to predictions. While I’m not a historian, I like to examine the impacts of legislation, especially when it pertains to our industry. 

One such measure I’m watching is repeal of prevailing wage and the impact it is having on our industry. As you may know, Associated Builders & Contractors of Wisconsin advocated strongly for repeal of this arcane and archaic system for many years ... Read the rest of entry »

ABC’s most read blog posts of 2018

1/9/2019 3:31 PM
Posts on the Wisconsin Contractor Blog were read more than 48,500 times in 2018, according to a review of website statistics by ABC of Wisconsin. Throughout the year, ABC of Wisconsin uses the blog to present feature stories, analysis, advice and general information of interest to the construction industry.. Here’s a recap of our 10 most popular blogs in 2018. Read the rest of entry »

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 ...
Read the rest of entry »

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 ...
Read the rest of entry »
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Associated Builders and Contractors of Wisconsin
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Phone: 800-236-2224 or 608-244-5883
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