ABC members kicked off the start of tax season by attending a ceremony hosted by President Trump highlighting the positive effects of H.R. 1, the Tax Cuts and Jobs Act on businesses. The ceremony took place on April 12 in the White House Rose Garden, where ABC members had the opportunity to hear President Trump speak about results of the tax reform bill.
Plans to Grow
As a result of the bill passed in December 2017, over half of ABC contractor members now plan to grow their team with additional employees. According to a recent poll, 52 percent of members plan on investing in concepts such as workforce development to strengthen their teams. Nearly all of the member companies (90%) believe that their employees have seen an increase in their paychecks.
The U.S. Department of Treasury conducted an analysis which concluded that the construction industry paid the highest effective tax rate for any sector from 2007 to 2011.
Looking Towards The Future
Reliable Contracting President, Jay Baldwin said, “Due to the passage of tax reform and optimism on infrastructure and the economy, we have given our employees across-the-board bonuses, added sick leave for all hourly employees and plan to hire 50 to 100 additional workers in the next six months…We will also be making significant capital expenditures, including a new asphalt plant.”
ABOUT RELIABLE CONTRACTING
Reliable is dedicated to delivering quality products, displaying professionalism within the firm, seeking new opportunities for expansion and profitability, and providing an environment for individual success. If you have a commercial or residential construction project that you need taken care of, please contact Anne Arundel County’s largest site-work contractor today by calling 410-987-0313 or visiting our website. You can also follow Reliable Contracting on Facebook, Google+, LinkedIn, Pinterest, and Twitter!
Reliable Contracting Company serves the following and surrounding counties: Annapolis, Queen Anne’s, Anne Arundel, Baltimore, Baltimore City, Calvert, Caroline, Charles, Howard, Prince George, St. Mary’s, Talbot, and Washington D.C