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Save the Date! 
2018 CFMA VoS Golf Tourney Thursday, November 1, 2018

ar128104364292447.jpg 151 W. Moon Valley Drive

Format:  Team Scramble

Shotgun start:  7:30 am

 Watch for Sponsorship opportunities to be Released Soon.
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Last week was a challenging week for Suicide Prevention - the combination of two high profile suicide deaths and the CDC's report showing a 25% increase in suicides since 1999 paint a bleak picture.  However, there is hope - especially in our industry, which has embraced the issue of suicide prevention like no other industry has before.  Construction is determined to move out of the #1 spot for suicide deaths and you can help!  

 

Visit www.preventconstructionsuicide.com to find out what you can do in your company.  

 

Be sure the National Suicide Prevention Lifeline (800-273-7255) and Crisis Text Line (741741) are publicized to employees.  

 

If you ever have questions about how to address mental health and suicide in your workplace, please reach out to Michelle Walker or Dave James.


  

TPT Notice 

During the afternoon of May 17th Governor Doug Ducey signed into law SB1409, changing our TPT world once again!  This change to the current MRRA tax methodology was the result of many meetings, numerous phone calls and a fair amount of adult beverages.  While it does not “wave a magic wand” over TPT, it does provide some simplification to the current confusion.

Here's a link to SB1409 in its final formNOTE:  Effective date is January 1, 2019 (see grandfathering provision covered below).

 

Key elements:

  • Prime contracting will not apply to contractors who are NOT required to be licensed by the Registrar of Contractors (page 1 of pdf)
  • MRRA is still ‘in play’ with the ONLY change being in the commercial Alteration thresholds as follows:
    • The $750,000 threshold remains;  ALL OTHER THRESHOLDS ARE ELIMINATED (page 13 of pdf)
  • Grandfathering was considered, and is defined as follows (page 22 of pdf):

This act is effective from and after December 31, 2018. For bids submitted or contracts entered into, or any other binding obligation executed prior to December 31, 2018, the contractor shall treat such contracts or obligations in a manner consistent with the tax requirements prior to December 31, 2018.

 

Residential threshold remains ‘as is’, thus, subject to the 25% FCV threshold.

By elimination of the commercial square footage thresholds, the inconsistency of application to tenant improvements based on property ownership is gone, as well as the sales tax risk on those projects that, over the course of the job, may breach these particular thresholds.

All tax exemptions remain unchanged.









Chapter Discussions

  • Michelle...  We currently allow all workers paid holiday after one year.  They also must work the day before and the day after the paid holiday time.  The exception that some take vacation but it must be requested two weeks in advance to still qualify. ...

  • Hi Michelle! Our field employees qualify for holiday pay after they've been here one year.  In order to get paid for it, they have to work the day before and the day after unless a vacation or PTO day was approved ahead of time.   Christine ------------------------------ ...

  • We are looking to extend our paid holidays to our craft workers and mechanics (currently only clerical/management gets paid holidays).  Our concern is that more people will request the dates before and/or after a paid holiday as PTO than we can approve ...

  • Profile Picture

    TPT tax

    Gov. Ducey recently signed SB1409 regarding TPT tax law. The new law is effective December 31, 2018. Any bids submitted or contracts entered into or any other binding obligations executed before December 31, 2018 will use the current tax law. Highlight ...

Upcoming Chapter Events


Value of Membership

Our Mission is to provide value to our members and community by:

The Valley of the Sun Chapter of Construction Financial Management Association (CFMA) is a broad based organization of professionals committed to serving the construction industry.

We are dedicated to member service by providing a forum for the exchange of ideas and a source of educational programs directed to their specific needs.

We strive to invest in our community through involvement in industry related issues and charitable endeavors.

 


Welcome New Members

Luke Livak, Loftin Equipment Co.

Dan Snopko, True Metal Solutions

Chris Niezgodzki, Trafficade

Jon Ashley Corcoran, Edward Jones

Gabby Figueroa, Arizona Traffic Signal.

Jeffrey Klein, Brycon Corporation

Dylan Thomas Murphy, Brycon Corporation

Grant Cowles, Comdata

Jennifer H. Rivera, Alexander Building Company Inc.

Logan Howland, Discovery Builders, LLC

Kevin Garrigan, General Air control, Inc.

Ray Klucznik, Travelers

Cassandra Mallett, Pimmex Contracting Corp.

LaLeatha Reed, Discovery Builders, LLC

Laurie Jentsch, Wespac Construction, Inc.