One of the most concerning, wide-ranging consequences of worker misclassification is the loss of tax revenue. Employers who categorize their workers as independent contractors are not required to deduct taxes and Social Security contributions from their paychecks. Therefore, misclassification leads to income underreporting on tax filings, resulting in significant losses in tax revenue at both state and federal levels.
The $50 billion American roofing industry descends on Washington, D.C. to advocate for policies that benefit contractors, manufacturers and distributors
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.
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.
Do you want your roofing contractor firm to be considered attractive for an outside sale? Consider your personal and financial goals, and beware of one-off deals.
Kevin Kennedy of Beacon Exit Planning provides a birds-eye view of alternative legal strategies to consider in your business exit that can save you a bundle.
Sarasota retiree disputes a 12% home value increase after roof replacement, citing Florida's 'Save Our Homes' law. The law limits annual property value hikes for homesteads to 3%, but discrepancies arise due to interpretation by the local appraiser.
The solar industry is rapidly growing, with global revenue projected to reach $241 billion by 2031. The U.S. market alone is estimated to reach $900 million by 2025, driven by improved technology, reduced costs, design and installation enhancements and government tax credits.
Solar panels have shown remarkable resilience in severe weather, but falling debris or installation issues can sometimes cause damage; Panasonic offers some steps to prepare and protect solar panels from severe storms.
Homeowners are increasingly turning to home energy devices like solar panels, batteries, and electric vehicle chargers - and a new technology called "Heartbeat," powered by AI and developed by Panasonic - is simplifying their management by connecting and optimizing energy systems through a single software platform.