Happy spring!
A quick reminder that the Beneficial Ownership Information (BOI) Registry is now available.
Companies registered to operate before January 1, 2024 need to file by January 1, 2025. Businesses registered to operate after January 1, 2024 have 90 days to file. This is a one-time filing (unless the beneficial owner changes).
I’ll be completing my own BOI filing in the coming weeks and next month will have details for an informational session in order to answer any questions you have about this process. If you want additional help with your filing, you will need to reach out to your tax professional.
If you have any other questions I can help with, please make an appointment here.
Ubuntu!
Angela
News
More than $930M in Highway Projects Added to IKE Development Pipeline
TOPEKA – Governor Laura Kelly and Kansas Transportation Secretary Calvin Reed today announced the addition of 17 highway modernization and expansion projects – a total investment of $932 million – to the Eisenhower Legacy Transportation Program’s (IKE) Development Pipeline. IKE is the Kelly administration’s bipartisan 10-year, $10 billion transportation program. Read more here.
Exploring Trends in Construction: AI Technology, Accessibility, Mental Health, Diversity
The largest construction show in New York, the 2024 New York Build Expo, attracted architects, designers, contractors, and construction professionals from across the tri-state area. The event explored trends in the industry, including the prevalence of rapidly developing AI, ensuring building accessibility for individuals with a disability, mental health concerns for employers to actively address, and fostering diversity amongst the industry group. Read more here.
Spotlight on Women in the Construction Industry
Job openings in the construction industry are near record levels. Currently, there are about 450,000 job openings in construction, much higher than the average number of job openings in that industry in the last seven years. The demand for workers is attributable to a number of factors, including ongoing single-family home construction amid low existing home inventory, investment in building capacity for factories, and the normalization of supply chain disruptions (that began shortly after the start of the pandemic) alongside stabilizing input prices for construction materials.
Looking at employment for workers with less than a bachelor’s degree across major industries, construction shows the lowest share of women workers. As Figure 2 shows (horizontal axis), among workers with less than a BA, women’s share of industry employment ranges widely – women make up only 9 percent of employees in the construction industry but account for 80 percent of education and health services employees. The construction sector is a large employer of people without a BA, representing nearly 10 million workers or more than 10 percent of employment for those without a BA. Women account for a small percentage of the workforce in the construction industry. Although women do comprise a relatively larger share of workers in some occupations within construction, those occupations are a small share of industry employment. Most women are concentrated in office administration and support jobs, while a very small number hold jobs in construction/extraction occupations, which comprise the bulk of construction employment. Read complete article here.
