Masonry Magazine August 1985 Page. 31
which became effective January 1, 1985, although without enforcement until mid-1985.
But it creates the need for a new kind of payroll accounting-to increase the taxable wages by the value of the taxable benefit, withhold at that level, then deduct the amount of the fringe to provide net wages/salary. Federal income taxes obviously increase, but so does FICA (for both employee and employer) and all state and local income taxes (since they are based on the taxable federal wage!), workmen's comp, and a host of other taxes and insurance costs.
The subject is covered thoroughly in a new Tax Report from the Independent Business Institute-along with sound advice on keeping records of high-ticket sales taxes, ways to sell a business but pass part of the benefit directly to heirs, and some sound warnings about ERISA pension plans.
The entire Report is available for $1.00 to cover postage and costs from the Independent Business Institute, Box 159, Akron OH 44309. Ask for Tax Report 34-85.
Airless Jackhammer Has Hefty Striking Force
The "Airless Jackhammer," a new, manually operated tool that produces a striking force up to 5,000 lbs., has been introduced by Sylvax Corp., New York, N.Y. It eliminates the need for a compressed air source and can be used to break and cut concrete, brickwork, asphalt, ice, frozen ground, and the like.
Only 53 in. long in closed position, the tool has only one moving part a solid metal hammer bar that is drawn up and thrust down against the tip of a chisel shank. The striking force is obtained by the speed of the hammer's downward thrust.
New Certificate Program In Construction Field
San Jose State University has introduced a course leading to a certificate in construction management. The six-semester program teaches the elements of management, practical construction methods, uniform codes, site supervision, project management and techniques of estimating and blueprint reading.
The course of study prepares the trainee for a career as an assistant project manager, assistant superintendent or owner's representative.
For a brochure describing individual classes, write or call Construction Management. Office of Continuing Education, San Jose State University. San Jose, CA 95192, (408) 277-2182
Nat'l Gypsum's Profits Rise to Record Level
National Gypsum Co.'s net earnings for the first quarter of 1985 rose a record 7.1% despite a sales decrease of 6.2%, the firm reported.
Net earnings for the quarter were $26 million vs. $24.2 million for 1984.
SAM
Run the New MS/DOS Version on Texas Instruments Professional Computers.
Let's face it! Making a profit in the masonry business today is no easy job. The industry is facing a long list of problems from inflation to government regulations. Despite these challenges, some companies get the jobs they bid for and consistently earn greater profits than the competition.
How do they do it? With better planning, control, and supervision, they hit their goals! And you can too, with SAM (Simple Automated Masonry).
Interactive Management Systems has provided computer services to mason contractors since 1976. And now SAM, the only software designed especially for the masonry industry, is available for your personal computer. The MS/DOS system handles job costing and payroll.
Job Cost Reports analyze labor productivity in terms of:
* Units per hours
* Estimated versus actual hours
* Tender-to-mason ratios
and labor costs in terms of:
* Estimated versus actual unit costs
* Amounts over and under estimated costs.
The Payroll System provides:
* Automatic check writing
* Check register
* Job costing information
* General ledger information
* Payroll affidavits
* Government reporting information
Software only, $1995. Training, $495. Complete system, including hardware, beginning at $6695.
Call today and ask us what SAM can do for you.
(303) 634-7755
interactive management systems corp.
555 E. Pikes Peak Avenue, Suite 106 Colorado Springs. Colorado 80903
MASONRY-JULY/AUGUST, 1985 31