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Light at The End of The Tunnel

November jobs reports for both the U.S. and Canada came out Friday, and proved that it is possible to be neighbors when you live on different planets. The U.S. added just 245,000 jobs last month, down 60% from October’s 610,000. Normally one month would be no big deal, but October was down 60% from August—which in turn was down 70% from June. You won’t be surprised by the reaction. The New York Times called it a jobs report without silver linings. Fox Business warned that Novem...

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LBM Executive 12/18/2020 Comments(0)

NLBMDA’s December 18 2020 Newsletter

U.S. Department of Commerce Lowers Duties on Canadian Softwood Lumber The U.S. Department of Commerce recently set new antidumping and countervailing duties for Canadian softwood lumber an average rate of 8.9% after completing its first administrative review on softwood lumber imports from Canada. The new rate is down from the original 20% average duty imposed in 2017 by the Department of Commerce, which has accused Canada of unfairly subsidizing its lumber industry and then dumping wood into th...

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NLBMDA 12/18/2020 Comments(0)

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...

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Brian Wagner (Mateer & Harbert, P.A.) 11/17/2020 Comments(0)

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...

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Al E. Bavry, President Emeritus, Kimal Lumber 11/17/2020 Comments(0)

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...

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FBMA 11/16/2020 Comments(0)