New Jersey Subcontractors Association Newsletter

 

August, 2011
In This Issue
NJSA Member Named to OSHA Panel
IRS Hosts 3% Tax Update Call
Hard Rock Building New Casino
Recent Changes to Tax Law Good for Contractors
Great NJSA Events Planned

Dear NJSA Members and Friends:

 

We have just completed another successful year for the organization.  It was just over 2 years ago that your Board Members and other association leaders unveiled a strategic plan to revitalize the NJSA and to actively work to provide you with real value and real results to help you run your business more productively and more profitably.  Over the last year NJSA has:

  • Provided a wide range of educational programs including employment law, business and succession planning, bonding and insurance, prevailing wage issues, immigration law, and more.
  • Created a number of new business development opportunities including programs with Rutgers University and Princeton University as well as a Meet with GC's Night with more than 20 of the region's leading General Contractor firms in attendance.
  • Donated more than $2,000 worth of Toys to the Marine Corps Toys for Tots Program at our Annual Holiday Party.
  • Provided direct assistance to numerous member firms on a wide range of issues including permitting, prompt payment and other regulatory issues.
  • Continued to support our youth with two $2500 college scholarships for NJSA families.
  • Worked cooperatively with many other industry groups to best represent the interests of subcontractors.
  • Organized our most successful and well-attended golf outing in several years.
  • Recognized the important contributions of the Healthcare construction industry at our Annual Awards Dinner. This created an opportunity for more than 200 of our members to network directly with key construction staff at four major hospital systems.
  • Developed and Funded a Political Action Committee so that NJSA can actively support those policy leaders who understand and appreciate the value of the New Jersey construction industry and the NJ subcontracting community.
  • Actively lobbied for the best interests of the subcontracting community, over the past year, NJSA leaders have met regularly with policy leaders including Senior Staff in the Governor's office, Legislative Leaders, and Cabinet officials.  NJSA is now clearly recognized as a key player on policy issues which impact construction.  Among our successes was lobbying Governor Christie to veto legislation which would have allowed public entities to hire employees direct from union halls, eliminating the contractor from the process completely.  

We appreciate your past support, and ask that if you see value in membership, please process your 2011/2012 dues promptly and please refer a colleague, competitor or vendor for membership.

  

As always, call me directly if the NJSA can ever be of assistance on any matter.  Our mission is to make you more productive and more profitable and to create a business environment where subcontractors can thrive. 

  

Thanks,

  

Kevin Monaco

Executive Director

732-223-5010

 

 
oshaBill Hering Named to OSHA Construction Advisory Panel

 

Longtime NJSA supporter, William Hering, Corporate Manager for Environmental Health and Safety at SM Electric Co. has been named by Secretary of Labor Hilda Solis, as a member of the Advisory Committee on Construction Safety & Health.  The panel meets several times annually to advise OSHA on safety & health issues in the construction industry.

 
irsIRS to Host Conference Call on 3% Withholding Issue

 

While the proposed 3% withholding tax on construction projects is scheduled to be delayed until January 2014, the IRS is actively seeking feedback on the issues and is also seeking to educate companies regarding the procedures and reporting requirements under this proposed regulation.  The IRS has scheduled two conference calls, one for August 4th and one for August 18th on this issue. For more details go to www.IRS.gov under Update and Q & A Session on IRC Section 3402 (t)- 3 Percent Withholding.

 
hardrockHard Rock Casino Announces Timeframe for Construction
 
Hard Rock International representatives recently announced that they plan to start construction on a new $275 million hotel and casino in late 2011 or early 2012.  The facility is made possible by a new State law, supported by NJSA, which allows for the construction of smaller scale casino properties. Previous law required 500 rooms for casino hotels, the new law allows for construction of facilities with a minimum of 200 rooms.  The Hard Rock plans 200 rooms and a 54,000 square ft. casino.
Recent Changes to State Tax Law Benefit Construction Community 
  

 Despite the protracted downturn in the New Jersey construction economy, there have been several amendments to state tax law which are beneficial to NJ Contractors.  NJSA Member firm Withum, Smith & Brown has prepared a brief article outlining these changes, you can read the full article here:

 

Recent Changes to NJ Tax Law Good for Contractors

Upcoming NJSA Events

Mark your calendar for these upcoming NJSA events and programs:
August 12th- NJSA Fishing Trip Aboard the Miss Michelle, Point Pleasant Beach, NJ
September 16th- NJSA PAC Beach Party- Jenkinson's Inlet Pavillion, Point Pleasant Beach, NJ
September 22nd- NJSA Dinner Meeting, Hilton Woodbridge, MetroPark
October 20th- NJSA Dinner Meeting with Special Guest Lt. Governor Kim Guadagno- Hilton Woodbridge, MetroPark
November 5th- 40th Annual NJSA Awards Dinner, Honoring;
  • Weir Welding- Subcontractor of the Year
  • Del Sano Contracting- GC of the Year
  • Russo Development Corporation and I/O Data Centers- Developers of the Year
Watch for more information on these important events, or call the association office at 732-223-5010 for more details.

Our Mission is to Provide Service to Your Firm, To Help You Be more Productive, Safer and More Profitable.  Contact us at anytime if we can provide assistance to your firm on any issue.

 

New Jersey Subcontractors Association

P.O. Box 200

Manasquan, New Jersey 08736

Phone: 732-223-5010

Fax: 732-223-5011

www.NJSubcontractors.org

 

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