Articles Tagged with ''taxes''

Walmart’s tariff warning underscores how U.S. businesses — not foreign exporters — absorb costs, driving up prices and straining construction and roofing supply chains.

Two roofing company owners in the New York tri-state area are facing federal tax evasion charges on more than $2M in unreported income.

A new survey by Plant-Tours reveals that 59% of construction pros report increased costs due to tariffs, 52% have delayed or canceled jobs, and 45% have reduced their workforce, all of which are squeezing margins.

Record turnout at the National Roofing Contractors Association's Roofing Day 2025 saw industry pros lobby Congress on tax and labor reforms — amid tariffs that rattled markets and threatened to reshape the political landscape.

An update on a story initially reported last fall: the owner of a Florida roofing company and his office manager have been sentenced to prison for a $2.5 million tax fraud scheme that involved making off-the-books payments to employees to evade employment taxes.

In this latest "Best of Success" podcast, Legal Insights columnist Trent Cotney analyzes the effects of the new Trump-era tariffs on Canadian, Mexican, and Chinese imports, warning roofing contractors about rising material costs. He also discusses the labor shortage caused by stricter immigration policies.

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.