Opportunity Arises Out of the Crises. How to make tax-free payments to your employees because of COVID-19
In the midst of every crises, lies great opportunity. -Albert Einstein When President Trump declared COVID-19 to be a national emergency on March 13, 2020, it opened the door for employers to make qualified disaster relief payments under Section 139 of the U.S. Revenue Code that are deductible to the company, not subject to FICA taxes and tax-free to the employee. Here is an example of how it works: Assisting via traditional bonus : If your company has 50 employees, and you would like to provide...
Brian Wagner (Mateer & Harbert, P.A.)
Still a Decision
Years ago, I was talking to a friend/mentor and we were discussing, as a Leader, the process of making a decision. My friend made the point that when things may get very difficult, and Leaders might just "freeze up," and don’t make a necessary decision...They are still making a decision! Yes...A non-decision is still... a decision. We're in very unusual times, and things are certainly at the "very difficult" stage for many businesses throughout the nation. As an essential business, the con...
Al E. Bavry, President Emeritus, Kimal Lumber
Meet Your New Chairman - Doug Bross
Bridget Pulser, Mills and Nebraska passed the gavel to Doug Bross, Builders FirstSource on November 4 during our annual meeting. Doug brings years of valuable building material experiences and enthusiasm to FBMA. See his bio below. Doug Bross is the Central Florida Area Manager for Builders FirstSource. He began his building products career with Georgia Pacific in 1989 in Manassas, Virginia. He was promoted to Operations Manager in 1992 managing the distribution facility. In 1995, Doug joined Bu...
Builders Shift Gears
9.28.2020 View online version
Too early to say whether this is a trend or a blip, but U.S. housing starts took an interesting turn in August.
Total starts fell 5% to 1,416,000 annualized. No surprise there. July was a banner month—the best since the pandemic began and the fourth best monthly total since 2006. The surprise was in the mix.
Over the 51 years from 1959 to 2010, multifamily as a share of total U.S. starts averaged 28%. Multifamily’s share of the total ha...
Top Golf Tournament Registration Now Open
Register today for the Orlando "Top Golf" Tournament to help raise funds for FBMA’s Scholarship Fund. The tournament will take place on Wednesday, November 4. The event will begin with registration at 4:30 p.m. and end at 7:30 p.m. Dinner will be included in the registration fee. TopGolf is located at 9295 Universal Blvd, Orlando, FL 32819.
You can make your own team or we will team you up. Each team will consist of six players. Invite your customers, your staff, or your weekend golfing ...