Southwest Montana Building Industry Association March2013
So Much to See & Do
ion t a c u d Playhouses E s r a Semin On Parade
Member & Exhibitor Social March 22nd 4:30pm-? Brick Breeden Fieldhouse FREE Complimentary Drinks & Appetizers (While they last!) Sponsored by www.nahb.org
Toilet-Bowl-A-Thon A charitable fundraiser for HAVEN
Saturday, February 6th 6pm The Bowl, 414 E. Babcock, Bozeman $20/person, $80/Team (4 bowlers) Bring a roll (or more) of TP for Haven & be entered for prizes!
TABLE OF CONTENTS Advertisers Index ............................................................... 17 Bozeman Building Division News....................................... 1,5 Calendar of Events............................................................. 2 Chairman of the Board’s Message ..................................... 3 Education ........................................................................... 1 Economic Indicators .......................................................... 5,16 GRIP Safety Seminar ........................................... ………...6 Home Expo .......................................................................10 Housing Starts .................................................................... 5 Job Postings ....................................................................... 15 Member of the Month ..........................................................4 NAHB Education: Webinar Wednesday ..............................8 New Members .....................................................................9 Parade of Homes ................................................................15 Renewing Members ........................................................... 9 Spike Club .......................................................................... 4
Tickets On Sale February 15th Drawing March 24th $5/each Win one of six beautiful playhouses! On display Feb 14th—March 22nd
2011 NEC Provisions The City of Bozeman will begin enforcing 2011 NEC Provisions beginning April 15, 2013. All projects submitted on or after April 15, 2013 must be in compliance with the 2011 NEC.
Education Building Code Education Conference – Changes and Updates to the 2012 Codes.
Lien Seminar: Keys to getting your money on time!
Who: Building Industry Professionals (Continuing Ed Cr) What: The Eighth Annual Building Code Education Conference When: April 1st through April 4th, 2013, Days start at 8am Where: Bozeman GranTree Inn
Who: Contractors, Suppliers, Bankers, Title Insurers and Clerks and Recorders When: Thursday, March 21, 2013 Time: 5:50 Sandwiches — 6:00pm to 8:15pm Seminar Where: Comfort Inn, 1370 7th Ave. Bozeman
For more information: http://bsd.dli.mt.gov/bc/ed.asp To view Brochure: http://bsd.dli.mt.gov/bc/pdf/conference_2013.pdf
WHAT YOU’LL LEARN Construction Liens, Bonds & Notices Filing Notice of Right to Claim a Lien —why a notice helps you GET PAID Getting Paid Faster—A Lot Faster Learn How To Protect Your Small Business Avoiding Lawsuits Filing Liens - Timelines, forms etc.
To Reserve Seats—Call Carl Schweitzer 406-443-8514 1
Includes lunch each day Vendor expo and social on Tuesday afternoon and evening Opportunities to network with engineering, design professionals, fire and building code officials, general contractors, architects, home builders, and other professionals Variety of classes emphasizing the structural, fire, design, and building issues and methods surrounding the built environment. Classes will build on concepts learned from previous education conference classes – see brochure for class descriptions. All classes offer self-reporting continuing education credits (ICC Classes are AIA certified).
Registration began February 18, 2013 – On-line or Mail-In. On-line registration information http://bsd.dli.mt.gov/bc/ed.asp Classes fill up fast so register early. For more information Contact Jed at 406-841-2028 or email@example.com
SWMBIA Monthly Newsletter Advertising
March 2013 Sun
The affordable choice to reach your customers!
EXPO MTG 11am 4 -- Playhouses 5 10am
6 -BOD MTG 4pm 7
-EXPO Booth CLASS 20 FREE Lein Seminar 21 Move-in Day 22
EXPO MTG 11am CLASS 11 -- Playhouses 12 FREE 13 10am City Building Div. - GBC Canceled
2012 IRC 8am-4pm Registration Req.
4pm 18 -- POH EXPO MTG 11am 19
GRIP -Member Social 4:30-? FREE
HOME EXPO 10am-4pm
HOME EXPO 9am-6pm
SWMBIA 3 Bowling4Fun Nite! 5 Membership Directories and much more Saturday, available April at 6th www.swmbia.org 6pm at The Bowl $20/Bowler!
Chairman of the Board’s Update Fellow Members,
appreciated and it is members like you whom make all of this possible. I am excited to announce that the 2013 Parade of Homes is already shaping up to be quite an event. There are already 10 parade homes signed up, and we have high hopes of several more homes being entered within the next few months.
I can’t believe it is March already, and that means that the Home Expo is just around the corner. There’s still an opportunity for you to get your booth, but they are going fast. The Green Committee has been working diligently on their blog with the intention of assisting the Along with the Home Expo community with questions regarding green building on March 23rd & 24th we and the building industry in general. Nathan Albrecht have the Playhouses on Pro Builders Parade taking place as well. PR has been working extremely hard with the radio 2013 Board Chairman The playhouses have been in and television stations to have year round ads the mall for a few weeks now and raffle ticket sales running in conjunction with the SWMBIA events. are going well. The playhouses will be on display at the Home Expo and will be raffled off on Sunday Finally, the membership social will take place at the March 24th. Don’t forget to get your tickets for a MSU Fieldhouse on Friday, March 22nd from 4:30 chance to win one of the six unique playhouses. 6:30 p.m. I hope you can join us as we celebrate the Home Expo. I’d like to thank Beth Zeman, Home Expo Committee chair and Crystal Warden, Playhouses on Best regards, Parade Committee chair for the hard work they have Nathan Albrecht put in alongside of their respective committee members. Your time and efforts are greatly
Jim Christ 3
Member of the Month
Spike Club Superstars
This month’s deserving member of the month is Ashley Ogle with Kenyon Noble Lumber & Hardware. Ashley has been a key Home Expo Committee member and without all of her hard work, we would not have such a well rounded and successful Home Expo. We cannot thank her enough. Ashley Ogle Ashley is no stranger to Kenyon Noble the building industry—she has been involved her entire life. Ashley has been working at Kenyon for many years in the office, but is quite familiar with all the operations of the business. For over 120 years, Kenyon Noble Lumber & Hardware provides high quality products and service for both residential and commercial projects as well as landscaping with their new garden center. Ashley was on the Hawks High School State Championship Basketball Team, and holds a degree from Arizona State University. She is a big March Madness fan and can be found cheering on her favorite teams. Ashley is married with two wonderful children, Winston and Norah, and lives near Belgrade. If you see Ashley at an upcoming SWMBIA event, or at the SWMBIA Home Expo helping children with the Jr. Carpenter event, be sure to say “Thank you!” She is definitely very appreciated for her involvement with SWMBIA and the industry.
The True Champions of NAHB ♦Nationwide prestige ♦Recognition ♦ Networking Opportunities ♦Valuable rewards for each level ♦Eligibility to attend the annual NAHB Spike Party ♦ local & state VIP events, prizes & awards ♦ To achieve Spike status: Earn six credits within two consecutive membership years (Nov. 1-Oct. 31). To retain Spike status and become a Life Spike: You must earn a minimum of one Spike credit (new or retention) each membership
Super Spike (250-499) Tim Dean
497 Spikes Royal Spike (150-249)
John L. Miller Byron Anderson Dennis Cattin Clair W. Daines David Andreassi Jim Syth
204 Spikes 188 Spikes 179 Spikes 172 Spikes 154 Spikes 151 Spikes
Red Spike (100-149) Eugene Graf IV Anders Lewendal Greg Vidmar
144 Spikes 128 Spikes 111 Spikes
Green Spike (50-99) Eric Roset Eugene Graf III Bill Fiedler Chuck Graden J.D. Engle Richard Smith Beth Zeman Frank Armknecht David Graham Guy Graham Steve Armknecht
99 Spikes 97 Spikes 97 Spikes 95 Spikes 85 Spikes 82 Spikes 77 Spikes 63 Spikes 63 Spikes 59 Spikes 56 Spikes Life Spike (25-49)
Kenneth Vidar Jon Moullet Sally Hickey Nathan Albrecht Adrian Vaughn Ron Hinds Rob Evans Keith Fraser Dean Derby
NEW! Classifieds Section Free to post:
Check Out Page 15 !
(175 words max, follow template)
Invitations to Bid
Blue Spikes (6-24) Jeri Norris Erica Renslow
(175 words max, Do Business with a Member!)
49 Spikes 45 Spikes 40 Spikes 40 Spikes 39 Spikes 37 Spikes 36 Spikes 34 Spikes 27 Spikes
Used Equipment for Sale
8 Spikes 6 Spikes
(50 words max, must be building industry related)
Member Announcements etc. (25 words max, Name change? Big sale or Event?)
To post in our monthly classifieds section please e-mail your message to Cristina@swmbia.org.. Soon you will be able to submit your post online! 4
By recruiting, involving and retaining members, SPIKES strengthen and build both our Association and the Industry!
Economic Indicators Figures are for February-13
Single Family Duplex Multi-Plex Townhome Other
Permits/Units Valuation 21 21 $5,241,456 0 0 0 3 28 $3,128,183 0 0 0 1 1 $87,456
Remodels & Additions
City of Bozeman Building Division
(includes fences, garages & reroofs)
Sq Footage # Valuation 57,256 Residential 6 $307,225 Commercial 17 $1,739,060 0 33,301 0 CITY COMMERCIAL STARTS 1,200 Bldgs Valuation Sq Footage 0 $0 0 Information available at www.bozeman.net 91,757 process. “When federal agencies are unprepared to provide small business review panelists with the information and data necessary to evaluate the costs and compliance obligations, the process breaks down.” Harris cited several examples where a smarter and more sensible regulatory process would benefit the housing industry, home builders and small businesses regarding 2008 OSHA Cranes and Derricks Construction Rule, EPA and stormwater discharges and Lead RRP Rules. When establishing the Regulatory Flexibility Act in 1980, Congress said the purpose of the law was to “fit regulatory and informational requirements to the scale of the businesses, organizations, and governmental jurisdictions subject to regulations. To achieve this, principal agencies are required to solicit and consider flexible regulatory proposals and to explain the rationale for their actions to assure that such proposals are given serious consideration.” “Unfortunately, all too often federal agencies view compliance with the Regulatory Flexibility Act as either a technicality of the federal rulemaking process or, worse yet, as unnecessary,” Harris said. “I urge Congress to seek out ways to improve agency compliance with this law.”
Regulatory Burdens on Small Business Hurt Housing, Economy, Builders Tell Congress
ederal agencies are circumventing the intent and the letter of a law to make the regulatory process more cost effective and less burdensome for small businesses, NAHB told Congress March 14th. As a result, the regulatory process continues to unnecessarily increase compliance costs and is acting as a drag on the housing and economic recovery. Testifying on behalf of NAHB , Kansas home builder Carl Harris said compliance with the Regulatory Flexibility Act, which requires federal agencies to review regulations for their impact on small businesses and consider less burdensome alternatives, continues to fall far short of the act’s objective. “Federal agencies often view compliance as largely a procedural function during the federal rulemaking process and not – as Congress intended – an opportunity to reduce the burden of regulations on small businesses,” said Harris, who has participated in the regulatory
General Offices 21730 Frontage Rd. P.O. Box 9 Belgrade, MT 59714 Phone: 388-6832 Fax: 388-8347
BILLINGS – BELGRADE – CASPER – KALISPELL – MISSOULA
(FORMERLY JTL GROUP, INC.)
Full Service Contractor • • • • • •
Construction Estimates Phone: 388-4035
Sand & Gravel Belgrade, Livingston & Big Sky Phone: 388-6832
Asphaltic Concrete Paving Complete Site Development Sand & Gravel Utility Construction Concrete Ready Mix Concrete Pumping
Concrete Services & Pumping Belgrade: 388-6042 Livingston: 222-1704 Big Sky: 955-2712 5
GRIP Safety: March is Fork-lift Certification Month By: Sean Lawler & : Mike Rocchio
recognized degree, certificate or professional standing; or has extensive knowledge, training, and experience; and can successfully demonstrate the ability to solve problems related to rigging loads. Riggers do not have to be certified by an accredited organization. A “signal person” is considered qualified if he/ she knows and understands the type of signals used at the worksite and is competent using these signals (see below); they must also be competent in tagline use. Participants must be 18 years of age or older, free from the influence of drugs or alcohol, and English speaking. This class will only be available on a RSVP basis so we can provide adequate books and instructional materials. Please RSVP to the MBIA at 442-4479
For the March GRIP Safety Class we will be hosting forklift certification classes. Did you know OSHA mandates that forklift operators be trained and certified to operate every three years (1910.178(l))? Training will consist of formal classroom lecture, a written competency examination, and instruction on conducting hands on practical evaluations within your company. Upon completing this class you will have detailed documentation that meets and exceeds OSHA requirements. Lecture will cover both rough terrain type forklifts and warehouse/ mast style forklifts. We will also briefly touch on forklift related issues presented by OSHA’s “Cranes and Derricks in Bozeman — Wednesday, Construction” which presents March 13th, Grantree Inn, additional requirements when 1325 North 7th Ave. suspending loads from a forklift. Riggers and signal persons are required in this legislation; not having qualified and competent people is an OSHA citable offense. A “qualified rigger” is a person that: posses a Mike Rocchio Sean Lawler
Forklift Certification (Counterbalance & Rough Terrain) March 18th 7:30-10:30am Best Western GranTree Inn (1325 N 7th Ave)
Top 10 OSHA Citations (Great reminder for new/ summer hires)
May 15th 7:30-9:00am Best Western GranTree Inn (1325 N 7th Ave)
Skid Steer Certification October 16th 7:30-10:30am Best Western GranTree Inn (1325 N 7th Ave)
Also available by request: Forklift Operator Excavation/ Trenching First Aid/ CPR Certification Competent Person Scaffolding Certification Powder Actuated Tools Arial Lift Certification Hazard Communication (MSDS) Back & Lifting Safety Defensive Driving Electrical Safety
Have a question about GRIP ? or to register for FREE seminars, call.. Sean (406) 442-4479 Mike (460) 459-1308
Want to Register for a FREE Seminar? Have a question about GRIP ? Call... Sean (406) 442-4479 Mike (460) 459-1308 6
RECAP: February Membership Dinner Thank You Door Prize Sponsors! StoneTek- Shane Peterson
2 Sets of their Granite Whiskey Stones Won By: Doug Brekke of Black Box Design Won by: Kathy Karjala, B.A.N.K Sales Trainer
Make a reservation
for the April 17th Member Dinner (406) 585-8181
Buffalo Restoration- EJ Porth
Chocolate Buffalo and a pocket knife Won By: Mike Stevens of Stephens Welding & Construction Inc. Won by: Moira of Republic Services
Infrared USA- Bill Schwahn
Sweet Custom Infrared USA Jacket Won by: Andrew Mazzella of Mazzella Construction
$35 Gift Certificate for Graphic Design/Printing Won by: Corinne Wright of Montana Title & Escrow
First American Mortgage
Invisible Fence of Bozeman
Thank you for the Table Top Display!
Debbie Sauskujus & Brad Wimmer
Three Car Washes at Eco-Joes Won by: Darryl Seymour of Montana Title & Escrow Won by: Beth Zeman of Security Title Company Won by: Ivanlee Albrecht of Pro Builders PermaFloors- Steve Hasterlik and Megan Limburger Fabulous Bottle of Wine Won by: Karl Botsford of Valley Glass and Windows
Security Title Co Beth Zeman, Julie Schumacher, Brant Zanto
Sec. Title Co. Water Bottle and Tote Bag Won by: Ashby Miller of American Bank
Member Draw Al Trainer of Keller Williams was drawn for the $150 Member Draw. However, you must be present to win, so the Member Draw prize will increase to $175 for our February next dinner!
NAHB Webinar Wednesdays: March NAHB’s Webinar Wednesdays series provides up-to-the-minute topics and trends in a fast, convenient format. Every Wednesday at 2:00 p.m. ET (Noon here in Montana) listeners get an hour of information on topics ranging from sales and marketing and business improvement to design and technology. Many webinars are free. Others, at just $24.95, give Members the opportunity to learn a bunch and bring your crew, your friends and family to share in the valuable education you are receiving.
3/12 W hat Do Home Buyers Really Want?
aware of the unique needs of Hispanics, African Americans, Asians, Middle Easterners and others. Find *Due to inclement weather, out why they don't this webinar has moved to necessarily want to work March, 12* with a salesperson from their own culture, how to 2:00-3:00 p.m. ET overcome their objections Economics and Research and how to deal with series culturally based beliefs. Learn to build positive longMany in the industry are wondering about what home term relationships with multicultural customers and get buyers really want and will referrals that will increase not give up in today’s your profits and dramatically market, as well as which cut marketing costs. features they are ready to Presented by NAHB leave behind in light of Professional Women in current economic realities. Building Based on the 2012 NAHB study “What Home Buyers 3/20 Reinventing the Really Want,” speakers will Referral Sale analyze the most current data on buyer preferences 2:00-3:00 p.m. ET so that NAHB members can Sales and Marketing Series deliver the home (and community) that today’s After the sale has been buyers want and are willing made and the buyers move to pay for. Real-world into their brand new home, examples, imagery and many builders move on to drawings of the findings will the next, new client, missing also be presented. a major opportunity to get Presented by NAHB referrals. Satisfied BuilderBooks customers can be your best marketing tool and if you can get them to refer their 3/13 Secrets of Selling friends, even better. to the Multicultural Successful, customer-centric Home Buyer builders harness this 2:00-3:00 p.m. ET opportunity by creating Sales and Marketing series customers and referrers for life. Presented by NAHB More than one-third of all National Sales and Americans are minorities Marketing Council and those numbers are growing at an exponential rate. The good news is that 3/27 Builders Guide to buying a new home is one of Appraisals: Obtaining Accurate Valuations on their highest priorities; New Homes however, to get your share 2:00-3:00 p.m. ET of this huge and expanding Policy and Finance series market, you must become 8
There are major changes in appraisal standards and practices in the wake of housing and financial market turmoil. These shifts continue to present challenges to home builders in financing and selling their homes. This webinar provides information on the new appraisal landscape, help builders obtain more accurate appraisals and discusses NAHB's blueprint for appraisal reform. Presented by NAHB Housing Finance
major role in designing and building sustainable homes. Builders can achieve the most energy savings through a high-performance building envelope, such as structural insulated panels (SIPs). SIPs are an advanced prefab building system allowing builders to meet the energy, resource efficiency and indoor air quality metrics of today’s green building rating systems for less cost. This webinar covers the basics of SIPs construction's sustainable attributes, such as thermal performance, resource efficiency and life4/3 An Overview of What’s New: 2012 NGBS cycle analysis. Presented by NAHB Building Systems 2:00 p.m.-3:00 pm. ET Councils Business Improvement Series In its first four years, the ICC 700 National Green Building Standard™ (NGBS) has been transforming the residential marketplace by providing single- and multifamily builders, remodelers and land developers with ANSIapproved guidance on going green. The 2012 version of the NGBS promises to have an even greater impact. This webinar will look in-depth at the changes that affect the single-family portion of the rating system. Presented by NAHBGreen
4/17 Remodeling Provision Defined: 2012 National Green Building Standard 2:00 p.m.-3:00 p.m. ET Business Improvement Series
The 2012 edition of the ICC 700 National Green Building Standard (NGBS) includes expanded options exclusively for remodelers to certify bath, kitchen and basement remodels and additions as well as wholehouse remodels. In this session, the speakers will discuss the ins and outs for certifying remodels. The 4/10 Building Green with speakers will also explain Structural Insulated how the NGBS's new streamlined format will be Panels simpler for remodelers and 2:00 p.m.-3:00 p.m. ET home owners to understand Business Improvement and use. Presented by Series NAHB Remodelers Energy conservation plays a
Welcome New Members!
We thank you for your continued support to the Association and the Building Industry!
Mark Easton Easton Concrete PO Box 11078 Bozeman, MT 59719 (406) 581-9644 firstname.lastname@example.org http:// www.eastonconcreteinc.com/ Sponsored by: Tim Rote
Rachel Wrigley Braxton Development, LLC. P.O. Box 11890 Bozeman MT 59719 (406) 582-8100 email@example.com www.braxton-development.com Sponsored by Bill Fiedler
David Leverett Four Corners Recycling P.O Box 2837 Norris, MT 59745 (406) 220-6701 www.recyclemt.com firstname.lastname@example.org Sponsored by: Brian Popiel
A privately owned and operated real estate development and holding company. We specialize in market rate, multi-family apartment communities and high quality hotels nation wid.
ASSOCIATES: *American Bank *Black Box Design *Bozeman Brick, Block & Tile *Empire Building Materials *Little Stinkers Septic Service / Arbor Medic, Inc. Lutron Electronics Rocky Mountain Bank *Tractor & Equipment â€œThe Cat Rental Storeâ€?
Andrew Mazzella Mazzella Construction PO Box 11463 Bozeman MT 59719 (406) 600-7464 email@example.com Sponsored by: Rob Evans
Steve Hasterlik PermaFloors, Inc. 11775 Horseback Ridge Missoula, MT 59804 (406) 721-6575 www.permafloors.com firstname.lastname@example.org Ryan McIntosh Sponsored by: Nathan Albrecht McIntosh Construction Inc. P.O. Box 458 Les Funk Bozeman MT 59771 (406) 580-2668 Pro Rentals & Sales 2511 N. 7th Ave. mcintoshconstrucBozeman, MT 59715 email@example.com (406) 587-6001 www.mcintoshconstruction.biz www.prorentalsandsales.com Sponsored by Eugen Graf firstname.lastname@example.org Sponsored by: Nathan Albrecht Tim Weaver Pro Rentals & Sales is your Tim Weaver Construction local rental store in the Boze1331 Cherry Drive man area. We have a large Bozeman MT 59715 selection of homeowners tools (406) 223-9021 plus large equipment for email@example.com tractors. We strive to make Sponsored by Peter Lee your rental experience pleasant. Russell Damm Surfaces P.O. Box 11772 Bozeman, MT 59719 (406) 599-7362 www.surfacesmt.com firstname.lastname@example.org Sponsored by: Nathan Albrecht
BUILDERS: Sunrise Homes LLC AFFILIATES: Gil Silva, American Land Title Company *Denotes members that have donated to Issues Fund(s) THANK YOU!
Scam Alert: Regarding Labor Law Notices!
Have you received an Federal Minimum Wage be displayed on an ALERT notice in the (must employee bulletin board) mail regarding Job Safety and Health Montana & Federal (OSHA) Labor Law notices? Employee Polygraph
You do not have to pay for these Protection Act (does not apply to public employers) notices! Uniformed Services You are required to post them, Employment and but you can get them for free Reemployment Rights Act from our friends at the local Job (USERRA) Services offices. They will even Employee Rights Under the deliver them to you! And, they H-2A Program (Effective March even have a website where you 15, 2010 for H-2A Employers can go and download them for only) free! This website has all the Where to obtain? There are a posters individually, if you variety of ways to obtain would like the 5 in 1 poster required posters at no which consolidates everything cost. Through your local Job to one poster, see details below. Service Workforce Center Which Posters are Required and Where do I Obtain Them? The Montana Department of Labor and Industry has responded to employers' needs by making it easier to obtain posters mandated by laws for posting. Posters required by federal law to be posted in each worksite (this includes your construction trailers!): Equal Employment Opportunity Family Medical Leave Act (employers with 50 or more employees) FMLA Poster Insert for Military Family Leave Amendments
A large all-in-one poster that incorporates five of the required posters may be obtained at no cost to you by contacting your local Job Service Workforce Center at 758-6200. Ask to speak with a Workforce Consultant. Download FREE Online General information on required posters, including posters of special interest to federal contractors, can be found at www.dol.gov/osbp/sbrefa/ poster/main.htm Employers with Internet access and Adobe Acrobat Reader can download the required posters directly from the sites listed: Equal Employment Opportunity (EEO) 11
Spanish EEO P Family & Medical Leave Act (FMLA) Fair Labor Standards Act (FSLA) Job Safety and Health (OSHA) Employee Polygraph Protection Act (EPPA) Employee Rights Under the H-2A Program Poster Uniformed Services Employment and Reemployment Rights Act (USERRA) Montana Clean Indoor Air Act (Available from the Dept. of Public Health & Human Services) Montana Minimum Wage (Employers are not required to post the Montana Minimum Wage Poster) or, call the Montana Department of Labor and Industry, 406-444-9081 or 406-444-4100 for more information about getting
employment posters at no cost. Other "posters" required by Montana law to be posted on an employee bulletin board: Proof of Unemployment Insurance Coverage Proof of Workers' Compensation Coverage These documents are only available through the agencies providing your Workers' Compensation and Unemployment Insurance coverage. Prevailing Wage There is NOT a Prevailing Wage Poster; however, the Public Contracts/Prevailing Wage law does require the appropriate and applicable prevailing wage rates be posted by the contractor performing work or providing construction services in a prominent and accessible location on the project site.
Tax Law Changes By Tylene Vitt, CPA,Rudd & Company, PLLC
It’s always a sure bet that there will be changes to the current tax law and 2013 is no different. The American Taxpayer Relief Act of 2012 provided many changes for both individuals and businesses Here's a checklist of tax changes to help you plan the year ahead. Tax rates. The income tax rates for individuals will stay at 10%, 15%, 25%, 28%, 33% and 35%, but with a 39.6% rate applying for income above $400,000 for single filers and $450,000 for joint filers.
Capital gain and dividend rates rise for higher-income taxpayers. In 2013 tax rates on capital gains remain at 0% for taxpayers in the 10% and 15% tax brackets and 10% for taxpayers in the 15% tax bracket. An individual taxpayer whose income is at or above $400,000 ($450,000 married filing jointly), the rate for both capital gains and dividends is capped at 20%. Permanent AMT relief. For tax years beginning after 2011, the Act permanently allows an individual to offset his entire regular tax liability and AMT liability by the nonrefundable personal credits. Historical individual extenders. The Act extends the following items for 2012 and 2013: The deduction for certain expenses of elementary and secondary school teachers
Medicare Taxes. Starting in 2013, there will be an additional 0.9 percent Medicare tax on wages above $200,000 for individuals ($250,000 married filing jointly). Also, there is a new Medicare tax of 3.8 percent on investment income( such as dividends, interest, rents, royalties, gains from the disposition of property, and certain passive activity income) for single taxpayers with modified adjusted gross income (MAGI) over $200,000 ($250,000 joint filers).
The special rule for contributions of capital gain real property made for conservation purposes Tax-free distributions from individual retirement plans for charitable purposes. A special rule permits distributions taken in 2012 to be transferred to charities for a limited period in 2013 and certain distributions made in 2013 as being deemed made on Dec. 31, 2012.
Business tax breaks extended. The research credit is modified and extended through. The temporary minimum low-income tax credit rate for non-federally subsidized new buildings is extended to apply to housing credit dollar amount allocations made before Jan. 1, 2014. The Indian employment and work opportunity tax credits, including the The exclusion for discharge of enhanced credit for hiring certain qualified principal residence veterans are extended through 2013. indebtedness Exclusion of 100% of gain on certain The treatment of mortgage insurance small business stock acquired before premiums as qualified residence Jan. 1, 2014. interest (Continued on page 16..)
Job Listing Masco Contractor Service (MCS) Position: Division Manager Location: Belgrade, MT Salary: $45-55k base + 30% bonus
Is your company Hiring? opportunity
Job Description: • Partner with key area/functional leadership to establish and cultivate strategic relationships within key accounts. • Develop sales growth and coverage strategy that effectively maximizes sales representatives’ band width and talents within the area • Actively manage Sales Representatives within Regional or Division Service Area Qualifications: • Minimum 8+ years’ experience in sales management • Operational Mindset • Accountability and Results Focused • Highly Proficient in Office Software • Travel as needed to accomplish job expectations • Valid state issued driver’s license • Pre-employment drug test, criminal background check, motor vehicle record required Referral Instructions: Interested candidates can apply to job 9175BR http://www.mascocs.com/about/careers/
2013 Parade Builders!
Job Listing Roger Fiehn & Associates, Inc. Position: Construction Superintendents Location: North Dakota Salary: Exceptional compensation and benefits
10 Confirmed Homes to date! Many thanks to Parade Builders:
Alpenglow Custom Homes Anders Lewendal Construction, Inc. Bridger Peak Construction Constructive Solutions Inc. EG Construction LLC (two entries) Fishcamp Custom LLC McIntosh Construction Inc. Pro Builders Von Construction
Job Description: -Excellent growth opportunity for experienced Construction Superintendants accustomed to fast track homebuilding and willing to relocate to North Dakota. Exceptional compensation and benefits package while working with a dynamic team of fellow professionals as you enjoy helping grow this fine company.
2013 “Parade of Homes” September 7-8, 13-15 Call for your Builder Agreement Now! 15
Qualifications: -Technical construction ability to manage construction resources and to diagnose and resolve field issues -Can handle conflicts with customers inspectors and subs -Can train subs on techniques and field problem resolution -Organizational aptitude to manage complex scheduling -Unimpeachable integrity, character, values and a commitment to professionalism Referral Instructions: If you know of anyone who may be interested in this opportunity please have them e-mail their C.V. or Resume (Will be held in strict confidence) to me personally email@example.com
Inflation– What Inflation? Over the last five years the prices of gold, silver and platinum have all risen dramatically out of fear that rampant inflation will appear. After all, the size of the Federal Reserve’s balance sheet has exploded from $800 billion in 2008 to $3 trillion today and will rise to $4 trillion by the end of 2013. Simple logic says that adding over $3 trillion dollars to the money supply in such a short time must create inflation. And, if inflation is not here now, it surely will be sometime in the near future, right? Maybe not. Think about inflation like a racing car. For the car to go fast you need gas in the tank and a driver willing to put the pedal-to-the-metal. Absent either one, the car goes nowhere; same with inflation. For inflation to take hold, you need both an increase in the money supply and lots of bank lending. However, lending, for a number of reasons, has been chronically weak. Banks are fearful loans won’t be repaid; they are scared they will run afoul
of new regulations, and more generally they feel that regulators don’t want them to lend. In addition, in 2009, 2010 and 2011 banks were hard at work fixing their own balance sheets and were really not in a position to extend credit. Returning to our racing car analogy, the driver is pressing the gas pedal very gingerly. To give you a feeling for how lightly the gas pedal is being pushed, the velocity of money, or the number of times a dollar circulates before it comes to rest, has (along with other similar monetary measures) tanked. Before the Great Recession, the velocity of M1 (cash) was 10.5, it’s now 6.5, while for M2 (cash and checking accounts) it declined from 2.1 to 1.5. These are dramatic declines. Inflation hawks contend that it’s just a matter of time before inflation inevitably appears. I don’t think so, and here’s why - when bank lending returns to historic levels, Bernanke and the rest of the interest-rate setting Federal Open Market Committee (FOMC) will start to shrink the money supply to counteract the increased lending. The first thing the FOMC will do is announce that the current bond buying program will end. Then it will announce
that interest earnings on its huge holdings will not be reinvested, but rather will be stored in the vault as will principal repayments from maturing bonds. The Fed will then start to raise short-term interest rates and finally it will begin to liquidate its vast holdings of mortgage-backed securities and long-dated Treasuries in an effort to chronically shrink the money supply. Of course the Fed will not perfectly time each phase in this contractionary fiscal policy program. If they tighten too quickly, it will result in weak quarter or two of economic growth. And if they tighten too slowly, a bit of inflation may result. In either case, no systematic increase in inflation should be expected because the Fed is preoccupied with this issue and because investors expect the Fed to be vigilant about keeping inflation tame. Article by Elliot Eisenberg, Ph.D. is President of GraphsandLaughs, LLC and can be reached at Elliot@graphsandlaughs.net. His daily 70 word economics and policy blog can be seen at www.econ70.com.
Tax Law Changes (from p14)
Basis adjustment to stock of S corporations making charitable contributions of property in tax years beginning before Dec. 31, 2013.
The reduction in S corporation recognition period for builtin gains tax is extended through 2013, with a 10-year period instead of a 5-year period.
Energy-related tax breaks extended. The non-business energy property credit for energy efficient existing homes is retroactively extended through 2013. The credit for energyefficient appliances and energy-efficient new homes is retroactively extended through 2013. Pension provision. Starting in 2013, plan provisions in an applicable retirement plan (which includes a qualified Roth contribution program) can allow participants to elect to transfer amounts to designated Roth accounts with the transfer being treated as a taxable qualified rollover contribution. While this checklist outlines some of the important tax changes for 2013, additional changes in tax law are more than likely to arise during the year ahead. If you have questions about these or other tax changes, please call us or your tax professional. We’d be happy to assist you.
Tylene Vitt, CPA
Rudd & Company, PLLC
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2013 COMMITTEE EXECUTIVE
Nathan Albrecht Brian Popiel Allan Hathaway Bill Fiedler Tylene Vitt Rob Evans
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