Cutting Edge January 2021

Cutting Edge,

News and Ideas to Keep Your Business on
The Cutting Edge
January 2021
BMSA TO OFFER BLUEPRINT READING CLASSES
Next month BMSA will offer its popular Basic Blueprint Reading & Material Take-off Course, as well as an Advanced Estimating Course. The Basic Blueprint Reading workshop provides 2 full days of instruction on residential construction methods, blueprint reading, and material take-off. Attendees will gain hands-on experience figuring an actual set of working drawings. Attendees will learn to identify blueprint symbols and details while developing an understanding of elevations, floor plans, framing, and sectional views. They will be introduced to various residential construction methods and estimating formulas. This basic course is paramount for anyone in the building supply industry who wants to grow in their understanding of residential construction and sales. This class will be held on February 9 & 10. For more information, click the button below.
In addition, BMSA will also be offering the one-day Advanced Estimating Workshop on February 11. This class will provide a deeper understanding of residential framing, as well as increased efficiency in completing material estimates. This workshop goes beyond basic house design and focuses on the difficult areas of completing complex framing take-offs. Only persons with some prior estimating experience should register for this class. For more information, click the button below.
Introduction to Building Material Sales is the perfect workshop for people new to the
building supply industry. This class provides entry-level personnel who have limited industry
knowledge with a basic understanding of building material operations, product usage in
residential construction, customer service, and how profits are made (and lost). This workshop is
scheduled for Monday, February 8. For more information, click the button below.
All classes will be held in Hickory, North Carolina.
IRS Standard Mileage Rate for 2021 is down 1.50 cents
The Internal Revenue Service has issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
Beginning on January 1, 2021, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be:
  • 56 cents per mile driven for business use, down 1.5 cents from the rate for 2020,
  • 16 cents per mile driven for medical, or moving purposes for qualified active-duty members of the Armed Forces, down 1 cent from the rate for 2020, and
  • 14 cents per mile driven in service of charitable organizations, the rate is set by statute and remains unchanged from 2020.
Minimum Wage to Increase in Two BMSA States
Two states in BMSA’s six-state region plan to increase the minimum wage in 2021. Ohio’s minimum
wage went up 10 cents on January 1. The Buckeye state’s minimum wage increased from $8.70 to $8.80 per hour for nontipped employees. Virginia’s minimum wage is set to increase on May 1, 2021, to $9.50 an hour from the current $7.25.
In both North & South Carolina, as well as Tennessee, the states’ minimum wage will remain at its current rate of $7.25. For 2021 West Virginia’s minimum wage will remain at its current rate of $8.75 per hour.
Emergency Paid Sick Leave and Emergency FMLA Provisions Now Voluntary
As the mandatory paid leave provisions of the Families First Coronavirus Response Act contained a sunset date of December 31, 2020, covered employers are no longer required to provide Emergency Paid Sick Leave or Emergency Family and Medical Leave benefits to employees.
However, the most recent stimulus and spending act signed into law in December extended the ability of covered employers to voluntarily provide such leave through March 31, 2021, and continue to claim tax credits when doing so.
There was no increase in the amount of leave allowed to any employee; no changes to the eligibility
requirements; and employers remain subject to the same record-keeping requirements to justify the taking of any tax credit.
(Source: Sloan, Montgomery, Gregory & Hall, INC. Info Release, Jan. 2021)
Expanded Unemployment Benefit Provisions Extended
The new stimulus bill did contain a provision extending the expanded unemployment programs that were put in place under the CARES Act last spring.
These provisions include:
  • Pandemic Unemployment Assistance – Provides state unemployment benefits to workers who lost their job as a result of COVID. This also applies when an employee is not allowed to work by the company for a period of time due to being considered as a “close contact” of a COVID positive individual.
  • Pandemic Emergency Unemployment – Provides an additional 13 weeks of benefits on top of the normal state amount.
  • Additional Payments – An additional $300.00 per week will be paid to individuals receiving state unemployment benefits. This provision runs through March 14, 2021.
(Source: Sloan, Montgomery, Gregory & Hall, INC. Info Release, Jan. 2021)