Masonry Magazine June 2001 Page. 32
SHARING THE WEALTH
It is not pure generosity that prompts so many masonry contractors and business owners to share the wealth with their employees. Many owners realize the importance of attracting, retaining and motivating employees. Sharing the wealth or the profits from the masonry operation are an excellent way to accomplish these goals.
Going one step further and creating a formal plan to share the wealth in many cases makes that shared wealth tax-free to the recipient. With a formal plan, be it profit sharing, a share of the business or a retirement plan, the masonry contractor locks in a tax deductions for all funds paid to the plan and reduces tax bills of all participants-often including the masonry business owner.
It can definitely pay to share the wealth. A formal plan to share the profits of the masonry business will further increase the value of that generosity through tax breaks for both the recipient and the employer.
Mark E. Battersby is a tax and financial advisor, freelance writer and columnist
THE "POST"
SPEED LEAD
For Mason's
Hydrated Lime...
CELL VENT
Weep Hole Ventilator
5 Colors Available:
Clear
cleAlmondo man
Brown
Gray
* Quick set up.
* Quick take down.
* Fewer parts.
* One bracket assembly
* Ideal for all applications of brick veneering.
* Inside, outside, quion, and angled corners.
* Invented and patented by a bricklayer.
For information write or just call (800) 525-8287
Marv Post Enterprises Inc.
2858 Sibley Hills Drive
Eagan, MN 55121
Contractors and Architects Rely on MIRACLE MORTA-LOK®
* Type "S" hydrated mason's lime
* Outstanding workability saves time and money
* A unique combination of strength and elasticity
* Meets all national specifications (ASTM, UBC, BOCA, SBCC)
* Available nationwide
ROCKWELL LIME COMPANY
4110 Rockwood Rd. Manitowoc, WI 54220-9619
Phone: (920)682-7771(800)558-7711
Fax: (920)682-7972
* Easy moisture drainage
* Easy installation
* Custom sizes and colors available
* Ideal for most masonry applications
* Available nationwide
* Distributors wanted
Call to request samples and literature.
U.S. Wire
731 N Prior Avenue
St. Paul, MN 55104
Phone: (651) 646-4523