Friday, May 31, 2019

Florida’s hurricane sales tax free holiday starts May 31. Here’s what items qualify.

Hurricane season in Florida, generally defined as the six months from June 1 through Nov. 30, might easily be considered the most turbulent time of the year.
When lawmakers approved a $121 million tax breaks package at the end of the legislative season, they also approved a tax “holiday” that overlaps with the start of the stormy season, in which several hurricane preparedness supplies won’t be subject to a sales tax.
For those who need to stock up on disaster supplies like a generator, batteries or tarps, the 2019 tax “holiday” extends from May 31 to midnight June 6.
The week long exemption on sales taxes on hurricane supplies includes:
▪ Portable self-powered light sources, like flashlights, selling for $20 or less
▪ Portable self-powered radios, including two-way radios or weather-band radios, selling for $50 or less
▪ Tarps, other waterproof sheets, ground anchors or ties, also for $50 or less
▪ Gas or diesel fuel tanks that are sold for $25 or less
▪ AA, AAA, C, D, 6-volt or 9-volt batteries sold for $30 or less (car and boat batteries are excluded)
▪ Non-electric coolers up to $30
▪ Portable generators sold for $750 or less
▪ Reusable ice sold for $10 or less
Lawmakers also approved a back-to-school sales tax “holiday” in early August that exempts purchases of clothes, shoes, computers and various school supplies from sales taxes as well.
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Wednesday, May 29, 2019

IRS increases 2020 HSA limits

Employees will be able to sock away some extra money into their health savings accounts next year.
The annual limit on deductible contributions to an HSA will jump by $50 for individuals and $100 for families next year, the IRS announced Tuesday.
For 2019, the annual limit on deductible contributions will be $3,550 for individuals with self-only coverage, a $50 increase from 2019, and $7,100 for family coverage, a $100 increase from 2019.
The minimum deductible for a qualifying high-deductible health plan also will increase to $1,400 for self-only coverage and $2,800 for family coverage.
Annual out-of-pocket expenses will see an even bigger jump next year. Deductibles, copayments and other amounts that do not include premiums will have a maximum limit of $6,900 for individual coverage next year, up from $6,750 in 2019, and $13,800 for family coverage, up from $13,500 in 2019.

HSA enrollment continues to grow, especially as employees look at the accounts as a way to save for medical expenses in retirement. The number of HSAs grew 13% over the past yearto top 25 million, according to research firm Devenir, while assets grew 19% to $53.8 billion. Devenir projects the number of HSAs to hit 30 million by 2020, with $75 billion in total assets and $16.7 billion in investment assets.
More employers are also offering employees contributions to their accounts. Indeed, the average HSA employer contribution rose to $839 last year, up 39% from $604 in 2017, according to Devenir. All told, employer contributions totaled almost $9 billion last year.
HSAs also saw a boon this year with Amazon’s decision to allow consumers to use the accounts to buy thousands of items on its site, a move that was ballyhooed as a positive for HSA customers, as well as Amazon. Items will be listed on Amazon as “FSA or HSA eligible” on the individual product pages; a full list of items can also be browsed on Amazon’s website.
“By accepting HSA dollars, Amazon is finally giving this untapped savings tool its moment to shine,” David Vivero, co-founder and CEO at Amino, an employee financial wellness platform, wrote recently in an Employee Benefit News blog. “Every payment method or currency — whether it’s dollars, airline miles, bitcoins or credit cards — depends on reliable large-scale merchant acceptance to become truly mainstream.”
Amazon’s chief competitor, Walmart, allows consumers to use HSA and FSA cards to purchase medical items, as well.
HSA contribution limits are updated annually to reflect cost-of-living adjustments. The increases are detailed in Revenue Procedure 2019-25 and take effect in January.

Thursday, May 23, 2019

Doug Myrick's Blog: 6 Strategies for Improving Jobsite Ergonomics

Doug Myrick's Blog: 6 Strategies for Improving Jobsite Ergonomics: Injuries from overexertion are a leading cause of workers’ compensation claims for contractors, which isn’t surprising given that many of...

6 Strategies for Improving Jobsite Ergonomics

Injuries from overexertion are a leading cause of workers’ compensation claims for contractors, which isn’t surprising given that many of the most common job tasks involve lifting, stooping, kneeling, twisting, reaching overhead and working in awkward positions. Over time, these motions can cause long-lasting health issues such as tendinitis, rotator cuff tears, sprains, strains and back problems.
You may not be able to remove all the physically demanding tasks from your team’s to-do list, but you can make small changes to work methods and equipment that can have a big payoff in terms of safety, efficiency, productivity and employee turnover.
Plan Ahead to Prefabricate
Whenever possible, incorporate prefabrication and preassembly into your projects with elements like prepoured slabs, modular wall and frame pieces, and HVAC or plumbing assemblies. Building these items in a shop before transporting to the jobsite allows the work to be completed in an environment better-suited to the work, which makes the final product faster and safer. This process reduces the amount of lifting, stooping, reaching and carrying for the onsite workers doing the installation, and creates an overall lower risk of injury.
Preassembly does require additional planning and coordination, but the payoff can be significant in terms of cost savings as well as safety. In fact, a study from the National Institute of Standards and Technology(NIST) found that prefabrication can reduce a project schedule by four weeks or more and reduce project budgets by 6% or more.
Bring Work Closer to the Employee
Getting employees closer to the task at hand reduces awkward postures—such as bending over or working with arms overhead—that cause discomfort, fatigue and injury. Aerial lifts or ladders can elevate an employee to be closer to the work area, or employees can bring the work to them with adjustable height work benches (or even a stack of pallets). Instead of kneeling on the floor to assemble sheet metal ducts or build rebar cages, raise the work to waist height with tables or sawhorses.
If the work can’t be moved closer to the employee, look for tools that allow the worker to complete the task with less strain and in less time from a distance. Tools with extension handles can be quite handy for floor-based tasks such as tying rebarscreeding concrete or fastening sub-flooring. Likewise, extensions are available for ceiling- or wall-based tasks such as drilling overhead or finishing drywall.
Beware of Repetition
Repeating the same body motions over and over again is an invitation for injury. Do you have any job tasks that require the same motion to be repeated over and over for more than an hour a day? See if the task can be simplified to eliminate the repetition, or if it can be automated so that a machine or battery-powered tool takes the brunt of the repeated motions.
Let the Tool Do the Work
Look for tools and equipment that minimize the amount of force required to accomplish a task. Hydraulic tools, for example, require much less hand force from employees. Power tools are even available for tasks such as caulking, cutting cables and pulling wires.
Non-powered hand tools, when selected thoughtfully, can also reduce strain on workers. When purchasing new tools, compare the effectiveness of new designs versus traditional styles and choose a tool that’s the right size and shape for the task and the user. Tools are also easier to use when they’re kept in good condition, so keep them oiled, sharpened or otherwise maintained.
If workers don’t have the right tool for the job, they’ll be tempted to improvise. Don’t let employees use their bodies as tools – for example, using the heel of the hand instead of mallet.
Eliminate Unnecessary Lifting
Whenever possible, use material handling equipment (e.g., carts, dollies and lift gates) to lift and move heavy or awkward items. If that’s not possible, use two people for a team lift.
Material handling help is available for bigger lifting jobs, too. Wall jacks can help lift partitions into place and motorized lifts can transport building materials like plywood and masonry. You can also reduce ergonomic hazards from the project outset by ensuring designers specify lightweight concrete block whenever it’s structurally feasible and using pre-blended mortar and grout bulk delivery systems.
Other ways to improve lifting:
  • Make sure items to be carried have handles
  • Deliver materials as close as possible to where they will be used
  • Store items at waist-level instead of on the ground or at shoulder-level
Let Employees Help Themselves
Ask employees about the tasks they find most tiring or painful, then ask if they have any ideas for making the task better. You might be surprised what they come up with. You may even be able to build the solutions with your own personnel, shop and on-hand materials such as angle iron, tubing, pulleys and casters.
Find More Online

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Monday, May 20, 2019

How to have powerful conversations and influence people

The purpose of powerful conversations is to influence people and change mindsets. As a Police Officer and Deputy Sheriff, I needed to persuade people that it was in their best interest to cooperate with a law enforcement investigation.
You may need a powerful conversation to change the behavior of one of your colleagues. Or, to convince shareholders that you have a solution to the problem that faces your company. Even more common are powerful conversations where ideas are exchanged, breakthroughs produced, and people feel both challenged and supported.
Powerful conversations establish bonds between people, clarify intentions and create a lasting impression. The words we use, and the way we use them, signal both our savviness and our mindset.
Whether you’re a member of a small team, the CEO of a large company or the short end of the stick who sits next to a boring cousin at Thanksgiving dinner, the way you present yourself through conversation sends an important message and leaves a memorable presence.
This is how to have powerful conversations that will influence people:

1. Explore, not explain

Too often, conversations in the business world do nothing more than explain a point of view or justify a decision that’s been made. There are a couple of reasons for this:
One, the myth of the lone genius dies hard. We are bombarded with stories about how a few creative wunderkinds transform a particular industry. We all know who they are and, quite frankly, most of us are sick and tired of hearing about their genius. Some of it was luck; some of it was talent; and some of it was simply being in the right place at the right time.
Second, a systematic lack of collaboration between teams and line leadership. Oftentimes researchers are asked to come up with ideas and then hand them off to a technical specialist to be vetted. The specialist then turn overs the revised ideas to the marketers, who place their own stamp of approval.
At the end of the line, the original idea submitted by the researchers bears little resemblance to the one in the hands of marketing and sales. Not only does this isolated approach slow things down, it also fails to take into account how problems and solutions can be explored at every level. Ideas that don’t work at the commercial level could be further developed at the research level if they are allowed to work together.
With the use of video conferencing, remote and isolated locations no longer need to a problem. The technology exists to break down the walls and barriers that inhibit innovation and collaboration.
How to make it work for you: If you’re the boss, identify the skill sets of everyone in the company and make sure they talk to people with complementary talents. Match them up with others who would best complement each other to accomplish the company’s goals. Don’t match them up only with people in their department; strip the traditional chain of command structure and devise a flat-line structure so that everyone who has expertise in a particular area has an open-door policy to everyone else.
If you’re not the boss, take the time to identify others in your department, and in the company, who have talents or a skill set that are complementary to yours. Be an example to leadership on ways people can explore collaboration. 

2. Add value

People who understand the importance of powerful conversations don’t speak unless they have something to say. They listen to the story of the other person and don’t interrupt. They will ask and probe until they’re certain they’ve connected to the core of the person’s concerns.
Not every thought that comes to mind is a valuable contribution to the conversation. This might be the time to simply listen to the other person. Many times we’re so busy thinking of how we’ll respond that we forget to listen to the person in front of us.
Give other people your undivided attention and an opportunity to be the one to add value to the conversation.
How to make it work for you: Make it a goal to create value to the conversation within 10 minutes of the conversation. Distinguish between small talk and a discussion of value. If you can’t move it down the road, move on to No. 3 below.

3. Embrace silence

Powerful conversations can hold silence with equal heft as a noisy room. Before you jump in with your own thoughts, ask yourself: 1) Are they empty words? or 2) Do they provoke thought? Confident and effective leaders don’t scramble to fill empty space or use filler words like “um” and “uh.” If they don’t have something of value to add, they keep their mouths shut.
They also don’t use weak and indecisive preambles to start their sentence, such as “I think…” They lop them off so the sentence makes a strong and declarative statement: “I think the marketing strategy could use more descriptive adjectives.”
How to make it work for you: Don’t dominate the conversation, even if you’re leading it. Don’t be the one who rushes in to fill the silence. Instead, wait and let the silence work for you. It gives other people an opportunity to say something and gives you time to think about what is happening in the room.

4. Use simple words

If you read The Federalist Papers, be prepared to take the time to chew on lengthy, complex sentences that contain complicated thoughts. Written in 1787 and 1788, they convey the mindset and thought process of society in those days.
Fast forward to the 21st century, where technology has created an environment that moves and thinks at a rapid pace. As a result, we find that simple words are most effective because we can process them quicker and with accuracy.
People who use big words also run the chance of trying too hard to impress others. Powerful conversations contain simple, few-syllable words that express thoughts in a concise and accurate manner.
How to make it work for you: A thesaurus can be a useful tool to help you pinpoint short, concise and easy-to-understand terms when you try to influence people. Strive to avoid cliches and buzzwords that are overdone and lose meaning over time. Be clever enough to use words that describe what you really mean.

5. Be honest

One of the most powerful conversations we can ever have is to influence people to move from a mindset of “victim of the past” to “owner of the future.” Victimhood is a self-fulfilling prophecy.
While there are many reasons people see themselves as a victim, only a shift in mindset will get them out of this self-fulfilling rut. The Stoics had the perfect answer:
"Reject your sense of injury and the injury itself disappears" ~ Marcus Aurelius
A constructive critic is someone who expects more from you than you expect from yourself. While praise makes us feel good, constructive criticism makes us better.
Wimps often find constructive criticism too harsh. Their feelings get hurt easily, so they retreat into a corner to feel sorry for themselves. They’re afraid of criticism because it can be unkind. Yes, it can, but it can also motivate us because we don’t want to accept that we’re inadequate or not talented enough to succeed. Praise, on the other hand, breeds complacency. It causes us to relax and that can undermine career achievement.
How to make it work for you: Powerful conversations help people develop mental toughness. They are full of honest feedback, not weak platitudes to make people feel better. Go one step further -- make people feel empowered.

6. Ask open-ended questions

When we ask a question that can be answered with one word, it’s a close-ended question. An open-ended question, however, encourages longer answers and further conversations about the answer they gave you.
I love to read books and always look for new ones that are recommended by others. A question like “Do you like to read?” can be answered with one word -- yes or no. However, if I ask “What’s a good book you’ve recently read?” it requires the person to engage in more conversation about 1) why they don’t read or, 2) suggest a book they’ve read. My follow-up question might be, “What did you like about it?”
How to make it work for you: Prepare for powerful conversations that will influence people so you can network at events or find better ways to get to know your neighbors, colleagues, and family. Start off your questions with these words:
  • WHAT do you think of ...
  • TELL me about ...
  • HOW did you hear about ...
Then follow up with:
  • WHY do you ...
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- Doug Myrick

Friday, May 17, 2019

The Perfect Graduation Gift: Financial Preparedness

This is the time of year for graduations. Graduating from college represents a new phase in life. With any new phase in life, there are changes that need to made in our financial lives, graduating from school is the beginning of most of our financial lives. And, for all of us, it’s always good to revisit the basics of being financially prepared every so often.
One thing we all have in common, is that for the most part, we didn’t learn about money in school. Between paying down that college debt and simply making rent at the start of the month, determining how and where to take control of a financial life isn’t exactly covered in Marine Bio. And for some of us, we may still not feel in control of our financial lives.
The following four financial hacks will help your new graduate kickoff a lifetime of financial readiness and help you maintain your own financial preparedness. Following my four simple financial life changers:
  • Actually read documents. Prior to signing any financial documents, read carefully, and importantly, be sure that what you think is covered is actually covered. For example, renters insurance policies do not cover floods. Floods are covered under their own policy.
  • Watch your debt -- and avoid consolidation. Be wary of college debt consolidation loans. A debt consolidation loan is actually a refinanced loan with an extended repayment period, which means it will take longer to pay off your debt, and it does not mean that your outstanding debt amount is reduced.
  • Make a plan before acting. As life requires major purchases, always plan first. Start by considering what your goals and priorities are.This includes paying off college loans, saving for retirement, buying a home and taking a vacation. Write them down, and keep it somewhere as a guide-star.
  • Tackle one thing at a time. Keep it simple. Once you know what is the most important goal for you - do it, but don’t overload. Take on one financial ambition at a time. Don’t set up a retirement fund, apply for two credit cards and book a trip to Aruba in the same day. While random bursts of energy may help you accomplish specific projects such as writing that term paper or turning in a report at work, it’s best to make clear, purposeful and well-informed financial decisions, slowly.
If you are in the college planning stages, you’re faced with the question of saving for college and saving for retirement. It is possible to do both. Read this if you are Juggling the Costs of Retirement vs. College. And here’s How to Invest Money for Your Kid’s College Today. Having a qualified financial advisor can help you make more informed decisions that will best fit into your overall financial plan.
Here’s some resources for those who have college students in the family (or are working with clients who have children in college):
  • Your first stop should be the careeronestop website sponsored by the U.S. Department of Labor which allows you to search more than 8,000 scholarships, fellowships, grants, and other financial aid award opportunities.
  • Another site that you should have on your list is College Scorecard from the U.S. Department of Education. You can compare schools based on programs/degrees, location, size and other factors.There are tools and resources on understanding types of financial aid, calculating your aid, starting your FAFSA and GI Bill Benefits.
  • There’s good news for college students and parents who plan to take out loans to help pay for school. Interest rates on federal student loans are dropping for the 2019-2020 academic year, the first decline in two years.See: Borrowing for College Just Got a Little Less Expensive.
  • There are also ways to protect your investment in higher education through tuition insurance or renters insurance. Colleges and universities may have their own program or you may be able to add a renters policy through your own insurance company.And be sure to check out GradGuard which works with over 300 colleges and universities (click here). Please note that I have no relationship with Gradguard.
For those who have graduated from college or are carrying their own college debt, you’ll need to decide how to approach paying it off. Be sure to carefully consider all of your options especially if you considering making any changes. Loans backed by the federal government allow you to use income based repayment plans which can reduce your loan payments. For more:
NOTE: This is the perfect gift for a college graduate, newlywed or anyone looking to organize their financial life. 
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- Doug Myrick

Tuesday, May 14, 2019

Term life insurance need?

The need for life insurance can vary greatly depending on a variety of factors, including family situation, current income, short- and long-term debts and other savings. An April report from LIMRA and Life Happens, a nonprofit educational organization, found 66% of consumers say they need life insurance, but only 57% own it.
To help consumers determine their needs, we have partnered with Life Happens to offer a free life insurance needs calculator on the website at http://worklife.coloniallife.com/calculator/.

Bike Safely and Live to Ride Another Day

Bicycling is one of the best ways to stay in shape, see the sights, save money on gas and reduce pollution. The benefits are well-known to cycling enthusiasts and local leaders nationwide who have created bike-friendly communities. 
For all the benefits of cycling, cyclists face a host of hazards. They often must share the road with vehicles, and injuries can happen even on a designated path.
The number of deaths from bicycle incidents has increased 28%, from 793 in 2010 to 1,015 in 2016, according to Injury Facts. Of the 1,015 bicyclist deaths in 2016, 704 died in motor vehicle crashes and 311 in other incidents. Bicycle-related deaths peak in the summer months and remain high through September. 
With about 80 million bike riders sharing the road with millions of motorized vehicles, the importance of taking safety precautions cannot be overstated.
Cyclists who wear a helmet reduce their risk of head injury by about 60% and brain injury by 58%. That statistic makes sense when you consider the first body part to fly forward in a collision is usually the head, and with nothing but skin and bone to protect the brain, the results can be fatal.
Helmets must meet federal safety standards and should fit securely. This National Highway Traffic Safety Administration video offers instruction on how to properly fit a helmet.
Follow These Rules to Keep Safe
  • Get acquainted with traffic laws; cyclists must follow the same rules as motorists
  • Know your bike's capabilities
  • Ride single-file in the direction of traffic, and watch for opening car doors and other hazards
  • Use hand signals when turning and use extra care at intersections
  • Never hitch onto cars
  • Before entering traffic, stop and look left, right, left again and over your shoulder
  • Wear bright clothing and ride during the day
  • If night riding can't be avoided, wear reflective clothing
  • Make sure the bike is equipped with reflectors on the rear, front, pedals and spokes
  • A horn or bell and a rear-view mirror, as well as a bright headlight, also is recommended
 Copyright 2019 National Safety Council