Newsletter I February 2022
The DISCA Board of Directors is proud to announce the DISCA CARES Program providing financial support to Contractor members of our association in times of financial crisis. DISCA CARES (Caring Action Relief (in) Emergency Situations) is a financial assistance program to help the employees and families of the Drywall & Interior Systems Contractors Association of NJ Contractor member companies who have experienced a major illness, accident or hardship beyond their insurance and financial capabilities.
OSHA Issues Reminder That 2021 Injury and Illness Data is Due March 2

The Occupational Safety and Health Administration (OSHA) issued a notice to remind employers that electronic submission of 2021 injury and illness data from OSHA Form 300A is due by March 2 if an employer has: (1) 250 or more employees and is currently required to keep OSHA injury and illness records; or (2) has 20-249 employees classified in specific industries, including construction, with historically high rates of occupational injuries and illnesses. The list of “specific industries” under the 20-249 employee threshold can be found here. OSHA further notes that when employers are submitting Form 300A, they must also be sure to provide their Employer Identification Number. 

More information on the reporting requirements and instructions on how to submit data online is available via OSHA’s Injury Tracking Application website here.
Industry News
5 Tech Tools for Contractors
to Head off COVID-19 Claims

The pandemic exacerbated many challenges, but it also fueled tech adoption in construction that could aid with problem-solving and communication.

With increased labor shortages, supply chain delays and COVID-19 restrictions, the pandemic has amplified common sources of conflict in construction, like changes in project scope, unforeseen physical conditions and poor project management. However, experts say that the pandemic has also accelerated technological advancements in the industry that can help mitigate them. 
Net Operating Loss Carryback or Carryforward:
What Is Best to Reduce Income Tax Liability?

There are a lot of strategies that contractors can use to reduce their income tax liability. One option is to take a net operating loss (NOL) carryback or carryforward. The decision to take a carryback or carryforward depends on profits, tax rates and timing. If profits and tax rates are expected to be higher in future years, it might be better to use the deduction later.
Modern Technology Provides the Solution for Recruiting New Employees

Employees are the backbone of every company, no matter what industry they are in. To create a culture of top-notch results, a company must have high-quality employees at the helm. It takes a companywide effort, from the executives to the bottom line, to make a company successful. To acquire those standout employees, a company must recruit at a high level.
Create a Plan for a Successful
Leadership Transition

Although most companies have a formal business plan, few have a transition plan—which is equally important. A business plan focuses on the current direction of the company and a transition plan focuses on the future of the business. A transition plan dictates how ownership of the business will pass to the next generation of leadership.
Events & Programs
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Phone: (856) 291-0252 | Fax: ​ (856) 439-0525