Maximize Your Tax Savings with Section 179 Carl Villella Don’t miss out on a significant tax break! The Section 179 deduction allows businesses to expense the cost of qualifying equipment purchases in the year of purchase, rather than depreciating it over time. How It Works What Qualifies? A wide range of equipment can be eligible for... Read More December 2024 Issue #16305 Page 79
A Case Study for Transforming Profits Through Employment Practices Todd Drummond The following is a summary of the seminar I gave at this year’s BCMC show on October 8th, 2024. If your mind is open, I am handing you pure gold to help your company meet the challenges negatively affecting everyone now and in the coming years. Case Study —Building Material Supply... Read More November 2024 Issue #16304 Page 26
Taking Advantage of Lower Rates Carl Villella The Fed lowered its benchmark interest rate by half a percent in September, and our funding banks have also lowered their rates in response. This is great news for the economy as a whole, as interest rates are now lower for all forms of credit, including mortgages. From a macroeconomic... Read More November 2024 Issue #16304 Page 77
US Economy & the Markets Lesko Financial Services Team Heading into the last quarter of the year, the US economy sent out several strong signals that is remains resilient and robust. Third quarter inflation continued a downward trend, with annualized numbers beginning to approach the Central Bank’s target. But softening of the job market over... Read More November 2024 Issue #16304 Page 90
Is Your Designer Pay Keeping Up with Inflation? JobLine periodically updates our compensation calculator, and while I expect some surprises, this time, I was truly taken aback. Recent candidates have reported significantly higher compensation at their previous employers than we’ve seen for job postings. I’ve attributed this to... Read More November 2024 Issue #16304 Page 100
Automation Worth Considering for the Building Industry Todd Drummond Automation within the building industry has been ongoing for decades but at a slower pace than other industries. So, what do we mean by automation? Let’s focus on two types: automation for building estimation and automation for roof truss manufacturing. Both will be discussed at the... Read More October 2024 Issue #16303 Page 26
Fixed Rate Drops Below Prime…Just in Time for BCMC! Carl Villella On September 18th, the Federal Reserve cut its benchmark interest rate by half a percent, the first cut in four years. It was a welcome development, and one that should have a positive outcome for the economy. Lower interest rates stimulate economic growth, and make lending of all types less... Read More October 2024 Issue #16303 Page 67
Optimize Offsite Production by Optimizing Lumber Costs Valerie Hansen Lumber is mission-critical to every component manufacturer (CM). On average, it represents two-thirds of your cost-of-goods (CoG), roughly half of the value of your product (Revenue – Pretax Profit). So, what are the market dynamics that surround the purchase of lumber? And how can your... Read More October 2024 Issue #16303 Page 73
Why Are So Many Companies Unknowingly Losing Millions? Todd Drummond Millions of dollars are being lost by many companies that don’t recognize they have a problem — Does your LBM company have more than $50 million combined sales? Quantified as a ratio of sales, according to Six Sigma case studies, the cost of poor quality, defined as waste,... Read More September 2024 Issue #16302 Page 26
Equipment Finance Companies to the Rescue Carl Villella Many companies took advantage of the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) in 2021 by bidding on projects to rebuild the nation’s roads, bridges, ports, and broadband networks. But the economic climate of 2021 when the bids were placed was much different than the... Read More September 2024 Issue #16302 Page 65