Politics and Policy
Any additional dollar that can stay in a construction company's cash flow can be invested in hiring and retaining talented workers. That was one of the messages ABC President and CEO Mike Bellaman conveyed this week during two live Fox Business Network appearances, as the House Ways and Means Committee unveiled a bill that reforms the tax code.
The Departments of Homeland Security and Labor released two H-2B regulations April 29 that will affect employers utilizing the H-2B program. The regulations include a final rule determining the wage methodology for temporary non-agricultural workers under the H-2B visa program, and an interim final rule (IFR) that includes a new employer registration process, increased recruitment and oversight, requirements for guaranteed pay, additional fees, and similar payment for corresponding U.S. workers.
Last month the U.S. Small Business Administration’s Office of Advocacy released a report analyzing the economic significance of small businesses in the United States. The report revealed that construction is among the industry sectors in the U.S. economy most dominated by small businesses with 84% of those who work in the industry working for a small business, defined as a business employing fewer than 500 people.
July 14, an updated document on Enforcement Guidance on Pregnancy Discrimination and Related Issues was released by the U.S. Equal Employment Opportunity Commission (EEOC). Littler Mendelson, P.C., has issued an analysis, which includes some important compliance steps employers should take.
The U.S. Small Business Administration (SBA) announced an interim final rule June 12 that will adjust monetary-based small business size standards to account for inflation. The rule will go into effect July 14 and the SBA is accepting comments from the public until August 11.
As a part of the Affordable Coverage Project, ABC and other business groups responded to final rules issued by the IRS on the new burdensome health insurance tax beginning on Jan. 1, 2014, calling on Congress to protect employers and consumers from the increased health coverage costs.
The U.S. Health and Human Services Department (HHS) Nov. 27 announced that online enrollment for small businesses in the federally-facilitated Small Business Health Options Program (SHOP) Marketplace will be delayed one year until November 2014.
The Affordable Coverage Coalition, of which ABC is a member, Nov. 21 sent a letter urging members of congress to support H.R. 3367, the Small Business and Family Relief Act, bipartisan legislation that would delay the health insurance tax for two years.
A study completed by the Small Business Administration (SBA) found that corporate-only tax reform might cause many small businesses that file as pass-through entities to suffer the consequences of this one-sided solution.
In response to a U.S. House of Representatives subcommittee hearing on the tax provisions contained in the Patient Protection and Affordable Care Act (PPACA), ABC sent a letter that called attention to several provisions that will affect ABC members, including the additional Medicare taxes on wages and investment.