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December 21, 2017

 
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Tax Reform Passes Congress!
American Supply Association
Not since 1986, has comprehensive tax reform been signed into law. It’s been attempted and widely discussed, but has failed each and every time, until now. As our letter states, while not every favored credit, deduction or exemption was addressed, this law achieves reforms not seen in generations. ASA worked with a number of groups to achieve our goals, the goals of those we represent in Washington. From manufacturers in NAM’s Tax and Budget Policy Committee to the NAW’s Save LIFO Coalition to the S Corps Association and the Family Business Coalition, we worked together representing diverse, yet similar positions to get this done. The work continues as this new law sunsets in 2025, making each election a referendum on changing or preserving our new tax code. See our letters of support here and here.
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Builder Confidence Ends 2017 on a High Note
NAHB
Builder confidence in the market for newly built single-family homes increased five points to 74 in December on the NAHB/Wells Fargo Housing Market Index (HMI) after a downwardly revised November reading. This was the highest report since July 1999, over 18 years ago.
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Acquisition of Shurjoint Industries
Conbraco
The Shurjoint grooved connection technology will play an integral part in completing the total end-to-end connection capabilities of “Apollo” Flow Controls. This integration allows us to offer the most extensive and complete portfolio of connection and flow control devices of any other brand in North America. Additionally, this allows us to service a global market and expands our manufacturing capabilities into other geographies around the world. More
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You Spoke Up and Congress Listened
American Supply Association
Each spring, we ask you to come to Washington to advocate for issues important to our industry and your business. It seems as if this quest goes back to the time George W. Bush was in office, with key stakeholders in ASA making one simple, yet continuous request: Please do not touch LIFO. The years of relationship building, letters, emails and visits to Congress have worked, comprehensive tax reform has passed, leaving intact your ability to use the Last-in, First-out method of accounting. When we met with tax-writers on Monday, one thing they assured us is that the IRS and Dept. of Treasury have been busy, and will continue to be as this becomes law. As every CFO and H.R. specialist knows, these changes will be significant and time-consuming. Rest assured that ASA will continue to bring you the information you need as this law is implemented in the New Year. Don’t forget to save the date of April 18-19 to join us again in Washington as we continue the quest!
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Confusion and chaos ahead as new tax rules take immediate effect
Politico
The most sweeping tax code overhaul in a generation will soon head to President Donald Trump’s desk — and Republicans are enjoying a victory dance. Now comes the real-world turmoil. America’s new tax system will go into effect in just 12 days, and payroll companies are bracing for confusion as they figure out new withholding rules that will affect millions of American paychecks.
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SPONSORED CONTENT


You Can Impact Model Plumbing and Mechanical Codes!
American Supply Association
There is a significant amount of activity going on in 2018 related to the International Plumbing and Mechanical Codes (IPC and IMC) and the Uniform Plumbing and Mechanical Codes (UPC and UMC). These model codes are adopted by State and local building officials and have a direct impact on the products you produce and sell and also have a direct impact on your customer installing and using the products you sell. It is critical for you to be engaged in these processes and ASA is offering you the opportunity.
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.  PRODUCT SHOWCASE
NOW IN STOCK

Trenton Pipe Nipple Company, LLC is pleased to announce the addition of stainless steel flanges to our product offering. Trenton Pipe now stocks high quality forged stainless-steel flanges in class 150 - 300 in accordance to ANSI B16.5 grades 304 and 316, the size ranges from ½” to 8”.


Customer Experiences That Inspire Lifelong Loyalties
American Supply Association
Your customers are your business, and most buying decisions take place in the emotional center of the customer’s brain. The Kano model is just one of a variety of strategies your showroom personnel can employ to develop and orchestrate the kind of customer experience that inspires lifelong loyalties proven to grow and retain your customer base. ASA is proud to offer a special breakfast presentation at KBIS on Wednesday, January 10th, featuring nationally recognized industry veteran, Robb Best from Elkay Manufacturing. Everyone heading to Orlando on behalf of ASA members is invited to make the most of the unlimited networking and learning opportunities that await. LEARN MORE
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.  PRODUCT SHOWCASE
Model 4992 Close Quarters Cutter
Meet our New Model 4992 Standard features:
• Cuts ¼” – 2-3/8” non-ferrous tube and plastic pipe and tube
• Cuts thin wall material like traps and tail pieces with no distortion
• Great for under vanities, close to walls, waste and overflows
• Eliminates sawing which can loosen joints
• Check out these enhancements!!
Learn More


Another Solid Performance by PHCP-PVF Distributors in November
American Supply Association
ASA’s Monthly Pulse Report provides a regular snapshot of performance for the PHCP-PVF industry. For the month ending November 30, 2017, wholesaler-distributors reported a median sales increase of 8.0% compared to the same month in 2016. Calendar year-to-date, all respondents reported median sales growth of 6.1%, and the median increase for the trailing twelve months was 6.4%. Inventory rose 6.0% compared to prior year, and the median three-months' average days sales outstanding edged up from 43.1 days in October to 43.6 days. 40.0% of the respondents reported an increase in gross margin percentages for the month of November, 2017, versus 2016, and company YTD profit before taxes increased for 65.8% of the total sample. The percentage of respondents having more Full-Time Equivalent employees compared to a year ago increased from 60.7% in October to 62.5% in November. LEARN MORE
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9 New Year's Resolutions for Small Business Success
Entrepreneur
When people hear New Year’s resolutions, they often think of “exercising more," “spending more time with the family” or “traveling more." Besides these personal resolutions, you can also create impactful resolutions for your small business. A resolution, after all, is a decision to do something differently to bring about positive change. It’s a good time to reflect on your business’ progress and plan how you want to grow your business in the new year.

Want help developing your own training program? Go to ASA-U Advisory Service today for more information.

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ASA-U ONLINE COURSE OF THE WEEK

Essentials of Profitable Inside Sales in Distribution©
ASA University is pleased to announce recent updates to Essentials of Profitable Inside Sales in Distribution©. All updated courseware boasts an entirely revamped visual design, with engaging colors, graphics, and layout. This course includes a deep-dive into topics related to the inside sales role within the wholesale distribution industry. Topics include customer service, how to make profitable sales, and key pricing tactics to enhance the gross margin of a sale. The courseware also presents key strategies in communication that are essential to interacting with customers. Prospecting and time management are also covered. The course concludes with a deeper look into how to become a first-rate sales professional.
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Read the Latest from Morris Beschloss
American Supply Association
This week's news: What is the Real Basis of US Record Population Growth?

Want to read more from Beschloss? Click here to go to The Beschloss Perspective for a full archive of past articles.

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ASA Insights
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Colby Horton, Vice President of Publishing, 469.420.2601
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Bianca Gibson, Executive Editor, 469.420.2611   

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