Articles Tagged with ''taxes''

President Trump made good on his promise to enact 25% tariff on imports from Canada and Mexico, and a 10% additional tariff on Chinese goods effective March 5, shaking markets and raising costs for industries. Some roofing contractors and distributors are already adjusting prices.

President Trump’s executive orders on tariffs, regulation, funding, labor and taxes could reshape the construction industry. Uncertainty surrounds the near term, with supply chain and workforce challenges at the forefront, but new opportunities may lie ahead.

A Boston contractor was sentenced to 18 months for evading $2.8M in taxes by misclassifying workers, orchestrating a payroll fraud scheme, and lying to investigators.

Nastar Roofing owner William Skaggs and payroll administrator Billie Adkison admitted to a $2.5 million employment tax fraud scheme, paying employees in cash but failing to withhold taxes or report that income to the IRS. 

Last week, the National Roofing Contractors Association convened its annual "Roofing Day" in Washington, D.C., uniting industry stakeholders for advocacy. With record-breaking attendance and meetings, the focus was on pressing policies impacting the $50.6 billion domestic roofing market. 

The co-owner is reported to have willfully made a false statement in her Individual Income Tax Return Form 1040 for tax year 2017.

With the annual Capitol Hill visit approaching, the Nation Roofing Contractors Association readies agenda items on labor shortages, taxes, and industry sustainability for discussions with lawmakers.