CFMA Benchmarker Report Shows Increase in Return on Assets, Equity

The 2016 CFMA Financial Benchmarker Report presents a detailed analysis of key operating data from the construction industry. The report, based on confidential surveys completed by 869 companies in early 2016, showed an increase in return on assets (ROA), return on equity (ROE), average days in accounts receivable, gross profits and net income and a decline in average days in accounts payable.
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Using the Tax Code to Your Advantage: Purchasing a New Vehicle for Business Could Save You Money

Section 179 of the U.S. tax code presents a welcome opportunity for small business owners to save money at tax time. An economic incentive designed to encourage the purchase of business-related equipment, Section 179 lets taxpayers deduct the full cost (within limits) of certain types of property from their federal taxes for the year the property was purchased and put into service. Read the rest of entry »

New I-9 Form Beginning Jan. 2017

On Nov. 14, the Department of Homeland Security, U.S. Citizenship and Immigration Services (USCIS) released a revised I-9 Form. Employers can begin to use the newly revised I-9 Form or continue to use the current version, which is dated 3/8/2013. However, beginning Jan. 22, 2017, all employers must use the revised I-9 Form (edition date 11/14/2016 noted at the bottom of the form) for all new hires to verify their employment eligibility, including U.S. citizens and non-citizens. Employers who fail to use the new form on or after Jan. 22 may be subject to penalties.  Read the rest of entry »

ABC Announces New Resources Aimed at Preventing Suicides Through Industry Alliance

ABC announced new resources made available to its members through its membership in the Construction Industry Alliance for Suicide Prevention. ABC joined the Construction Financial Management Association (CFMA)-led alliance in October 2016 to help provide resources and disseminate information on suicide prevention and mental health awareness in the construction industry, with a goal of building a zero-suicide industry. Read the rest of entry »

SDV Construction Earns AQC Accreditation

SDV Construction of Albuquerque, N.M., a member of ABC’s New Mexico Chapter, has been awarded Accredited Quality Contractor (AQC) status by ABC. The AQC program recognizes and honors construction firms that document their commitment to excellence in five key areas of corporate responsibility: quality, safety, employee benefits, training and community relations.  Read the rest of entry »

ABC Welcomes New Beam Club Presidential Level Member

ABC has added Massachusetts Chapter member Barry Belcastro of Belcastro Brothers, Inc. to the Beam Club Presidential level. The Beam Club was established in 1966 to recognize ABC’s top membership recruiters for their commitment to growing the association. By recruiting five new members, ABC members are automatically enrolled in the Beam Club by their chapter. Read the rest of entry »

Page Mechanical Group Launches NCCER-Accredited Apprenticeship Program

ABC member Page Mechanical Group Inc. (PMG) reached a major milestone in its employee education program in October by launching its own apprenticeship training program. The program is accredited through NCCER and offers PMG employees an in-house apprenticeship training program in pipefitting, welding, sheet metal fabrication and insulation trades.  Read the rest of entry »

Fall 2016 Regulatory Alert: Learn about Important Updates on Federal Rules and Regulations

ABC's Regulatory Alert, released Nov. 22, provides an overview of federally mandated rules, regulations and enforcement actions from the U.S. Department of Labor (DOL), the Occupational Safety and Health Administration (OSHA), U.S. Equal Employment Opportunity Commission (EEOC) and other federal agencies.  Read the rest of entry »

Shapiro & Duncan Inc. Earns AQC Accreditation

Shapiro & Duncan Inc. of Rockville, Md, a member of ABC’s Metro Washington Chapter, has been awarded Accredited Quality Contractor (AQC) status by ABC. The AQC program recognizes and honors construction firms that document their commitment to excellence in five key areas of corporate responsibility: quality, safety, employee benefits, training and community relations.   Read the rest of entry »

Building America: The Merit Shop Scorecard

WASHINGTON, D.C., Nov. 21– Associated Builders and Contractors (ABC) today released its annual update to “Building America: The Merit Shop Scorecard,” which reviews and grades state-specific policies and information significant to the success of the commercial and industrial construction industry. The scorecard highlights states that have created a free enterprise-based environment where merit shop contractors are well positioned to succeed and calls attention to states where strategic improvements need to be made.
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