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10/25/2016 » 10/27/2016
2016 ProDealer Industry Summit
3/27/2017 » 3/29/2017
Green Update e-Newsletter
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Register today for the ProDealer Industry Summit, October 25-27, in Charleston, SC. The ProDealer Industry Summit is an exclusive, three-day educational and networking forum designed to promote the growth of lumber & building product dealers, distributors, wholesalers, and the manufacturers who supply them. LBM dealers will benefit from sharing insights and best practices with leaders in the industry in a relaxed, three-day format that encourages networking and personal interaction. Read more.
Click here to register and for full conference details.
[WASHINGTON, DC - 6/29/16] - The National Lumber and Building Material Dealers Association (NLBMDA) announced today that Biz Lender is the newest member of the association's Manufacturers and Services Council (MSC). Biz Lender is the leader in providing working capital for businesses throughout the US. Looking at the strength of the business, and not personal credit score, Biz Lender helps when banks will not. From NLBMDA members expanding inventory or locations, to their customers who need more funds to purchase larger quantities of building supply products and lumber, every NLBMDA member can finance their customers through Biz Lender and receive a generous referral fee to grow a new revenue stream. Read more.
Ask Your Senators to Pass the Small Business Health Care Relief Act (S. 3060)
week, the House of Representatives passed the Small Business Health Care Relief
Act, which allows small employers the flexibility to offer pre-tax dollars to
help pay premiums and/or other out-of-pocket costs associated with medical care
and services. Specifically, the bipartisan legislation allows employers with
less than 50 employees to provide Health Reimbursement Arrangements (HRAs) to
employees without being penalized.
Under an HRA, an employer can set aside pre-tax money to reimburse employees for premiums and other out-of-pocket expenses. The money cannot be deducted from an employee's paycheck, but HRA's allow employers to limit some spending on health care each year. Read more.
[WASHINGTON, DC - 6/21/16] - The National Lumber and Building Material Dealers Association (NLBMDA) announced today that Guardian Building Products is the newest member of the association's Manufacturers and Services Council (MSC). Guardian Building Products (GBP) is one of the lumber and building materials industry's most dynamic players. With 30 branch locations serving local markets and a dedicated team of direct sellers, GBP is an industry leading two-step distributor of building products servicing pro dealers across the nation. GBP offers a vast array of industry leading products including roofing, gypsum, insulation, siding, decking and millwork. Read more.
As part of President Obama's health care reform bill passed in 2010, the Affordable Care Act (ACA) created a new tax on a type of health care plan offered by many small businesses, including lumber dealers. The health insurance tax (HIT) is levied against companies offering fully-insured plans that is then passed on to employers and employees in the form of higher premiums.
The HIT first took effect in 2014 and was $8 billion. For 2015 and 2016, the tax is $11.3 billion annually. Read more.
WASHINGTON, DC - The National Lumber and Building Material Dealers Association (NLBMDA) announced today that Principia Consulting is the newest member of the association's Manufacturers and Services Council (MSC). Principia is a leading research and consulting firm focused exclusively on the building materials and construction industry. For over 20 years, senior executives have trusted Principia for information, analytics and insights essential for better decision-making, faster growth, and greater profitability. Read more.
On May 18, 2016, the U.S. Department of Labor issued a new rule affecting the regulations on overtime pay: Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees.
The standard salary threshold for full-time salaried "white collar" workers (also referred to as executive, administrative or professional, or EAP, employees) is increased from $455 per week to $913 per week (or from the current annualized $23,660 to $47,476). This number is based on the 40th percentile of full-time salaried workers in the lowest-wage Census region (currently the South) and will be adjusted accordingly every three years. Read more.
[Washington DC- 5/18/16] - The National Lumber
and Building Material Dealers Association (NLBMDA) is disappointed with a
final rule announced today by the U.S. Department of Labor (DOL) that
will dramatically increase the number of employees eligible for overtime
pay. Read more.
OSHA has issued a final rule that will require all establishments with 250 or more employees in industries covered by the current recordkeeping regulation to electronically submit to OSHA injury and illness information from OSHA Forms 300, 300A, and 301. Establishments with 20-249 employees in certain industries must electronically submit information from OSHA Form 300A only. This includes the LBM sector, identified by the North American Industry Classification System (NAICS) code 4441, Building material and supplies dealers. These reporting requirements are annual reporting requirements, with phased-in deadlines highlighted below. Read more.