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By Erin Shubel, EAA Chief of Staff with insights & contributions from Nathan Graaff, CEO of Artisan Roofing Nathan Graaff began having dreams and visions from a young age - not always crystal-clear, but images of three offices that would redefine roofing construction industry standards. He started assisting his dad with their family roofing business at 6 years old with jobsite clean up, and his dreams of leading a roofing empire began at the age of 12. By 2018, Artisan Roofing was born, but what unfolded next reads like a masterclass in divine timing and purposeful leadership.
At the heart of Artisan's success is a leadership trio that seems orchestrated by fate itself. Nathan, the founding visionary, sees beyond the horizon to possibilities others might miss. From Pennsylvania came Anthony, discovered through Indeed, who would become the company's anchor, grounding bold dreams in solid execution. And then there's Corey, whose journey began in Oklahoma, then Fresh Life Church intern, to becoming the Artisan's lifeblood is nothing short of remarkable. Through a connection at Fresh Life Church and a natural friendship that bloomed, Corey became the vital force that bridges vision and reality, completing a leadership triangle that embodies the perfect balance of dream, structure, and momentum. Their achievements speak volumes. In an industry where excellence is often claimed but rarely proven, Artisan stands apart. They're apart of an elite group of contractors holding both Owens Corning Platinum Preferred status (achieved by less than 1% of contractors that can provide a 25 year workmanship warranty) and the prestigious Carlisle Commercial Roofing Certification - isn't just a guarantee; it's a statement of confidence. "You don't rise to the level of your goals, you fall to the level of your systems," is a quote from the book "Atomic Habits" that resonates through every aspect of their operation. As true market disruptors, they're revolutionizing commercial roofing practices, particularly in crucial areas like vapor barrier installation where many competitors fall short. Their process involves a dedicated team of Carlisle engineers who build custom assembly lists, and each completed Carlisle warrantied project is inspected by a Carlisle Inspector to ensure every project meets their exacting standards. What makes this particularly exciting is how their success opens doors for our entire community. Artisan's systematic approach to excellence, guided by clear KPIs and high visibility for their roof advisors, has them firmly on track to become a $20 million company within the next three years. Their hopeful expansion into Bozeman and Coeur d'Alene isn't just growth - it will be the fulfillment of that original vision, proof that dreams backed by excellence become reality. Their tagline, "Excellence is a Choice," carries a profound truth: "When you live a life of excellence, He gives you a life of peace". As Nathan quotes from the Psalms, "His word is a lamp to guide my feet and a light for my path." This faith forward philosophy is transforming them from a local roofing company into a beacon of possibility for every entrepreneur in our network. "Working Genius" a book by Pat Lencioni has also been a huge incluence on how the Artisan Team culture is lead and understanding that "When a tide comes a harbor all ships rise" (JFK quote). With community growth, Artisan isn't just building a business - they're creating a legacy. Let's connect you with Nathan, Anthony, Corey, and other visionaries who are redefining what's possible when excellence truly is a choice. Their story isn't just an inspiration - it's a blueprint for what happens when vision meets determination, when the right team comes together, and when excellence becomes not just a goal, but a way of life. Connect Me With Artisan!
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By NJ Joseph, EAA's Fractional Controller As the warm rays of summer fade and a crisp breeze ushers in October, it’s clear that fall favorites are making their grand entrance. From pumpkin-spiced everything to creative costumes and haunted houses, the magic of spooky season is undeniably in the air. But amidst the delightful chaos of candy corn and ghostly décor lies another important tradition: the final fiscal quarter. While everyone else is busy with tricks and treats, businesses are sharpening their pencils and preparing for crucial year-end deadlines and 2025 budget plans. This year, don’t forget to factor in the new employment laws that are adding a little extra intrigue to the mix! As many of you know, the U.S. Department of Labor rolled out some big changes starting July 1, 2024 that affect exempt and non-exempt employees. Just to review, an exempt employee is someone who is not subject to the Fair Labor Standards Act’s (FLSA) minimum wage and overtime pay requirements. Exempt employees are usually paid a salary, and their pay is not based on the number of hours they work. The new law raised the annual salary threshold to $43,888 for salaried employees to be exempt from overtime pay, but the real game-changer is just around the corner: beginning January 1, 2025, that threshold will jump to $58,656. Beginning July 1, 2027, these thresholds will be re-evaluated every three years to adjust for inflation. Currently the state of Texas has challenged this law in federal court, but don't hold your breath for any immediate changes before the January 2025 deadline. In the meantime, it’s smart to get ahead of the curve and make sure your company is in compliance. As you prepare your 2025 budget, here are five important things to consider for managing wage-related expenses under the new rules: 1. Ensure Exempt Employees Meet the Duties Requirements To be considered exempt from overtime, employees must satisfy three criteria:
2. Compliance for non-exempt and highly compensated employees Non-exempt employees are entitled to 1.5 times their regular rate for any hours worked over 40 in a workweek (overtime) under the FLSA. Another change that took place July 1, 2024 is the threshold for the highly compensated employee (HCE) exemption, which increased to $132,964. On January 1, 2025, this rate will increase again to $151,164. This too will be adjusted every three years, beginning in 2027, to account for inflation. 3. Assess Current Employee Salaries Now’s the time to evaluate whether reclassifying employees to non-exempt status makes sense for your organization. 4. Provide Advance Notice of Salary Changes Be proactive! Notify employees about any changes to their compensation and any new responsibilities, such as timekeeping and meal and rest breaks. 5. Stay Updated on Legal Changes Currently, only Texas is affected by the ruling blocking the application of this new Department of Labor law. However, it’s wise to stay vigilant for potential changes in other states! At Elevated Advisory & Accounting, we understand the challenges business owners face while juggling operations and employee needs. Our dedicated advisory team is here to support your success with the insights and resources you need to make informed decisions confidently. Contact us today at [email protected] to discover how we can help you thrive in this ever-evolving financial landscape! Part 4: Risks of Misclassification - Consequences for Non-Complianceby your trusted Business Advisor, Nicky Franks
In our final installment, we delve into a crucial topic that every business must navigate with care: the risks and consequences of misclassifying workers. Proper classification isn't just about compliance—it's about safeguarding your business from severe penalties and legal entanglements.
Misclassification carries substantial risks that can profoundly impact your business:
Example: Consider a construction company that misclassifies its full-time workers as independent contractors to avoid providing benefits. The workers file a lawsuit, resulting in a costly court decision against the company, including back taxes, fines, and legal fees totaling hundreds of thousands of dollars. Implication: Proactively ensuring correct classification from the outset can mitigate the risk of expensive legal battles and financial penalties. Regular audits and consultations with legal experts are invaluable in maintaining compliance. The stakes of misclassification are high, impacting both the financial stability and reputation of your business. By diligently adhering to classification guidelines and prioritizing fair treatment of workers, businesses can protect themselves from penalties and maintain trust and credibility in the marketplace. Series Summary: Throughout this series, we've explored the critical nuances of worker classification, from financial control and the nature of relationships to the risks of misclassification. Each aspect underscores the importance of compliance and strategic decision-making in fostering a resilient business environment. Thanks for listening and stay tuned for more Elevated Insights as we continue to unravel essential strategies and insights to empower your business success. Don't miss out on our upcoming content—it's designed to elevate your understanding and optimize your business practices! We'll chat soon! Best, Nicky Part 3: Relationship of the Parties - Defining Work Relationships
Welcome back! In our last discussion, we explored the crucial element of Financial Control in distinguishing between employees and independent contractors. Today, we delve deeper into the Relationship of the Parties—another cornerstone in the classification puzzle.
This criterion scrutinizes the dynamics and formal agreements between the worker and the company. Here’s what matters to both the IRS and Montana Department of Labor & Industry:
Example: Imagine a marketing consultant hired for a six-month project without receiving company benefits—they likely fall under contractor classification. Conversely, an in-house marketing specialist with benefits and no defined end date likely qualifies as an employee. Implication: Clarity in contracts and understanding the nature of work relationships is crucial for compliance. Misclassification can trigger audits and penalties. Understanding the nuanced dynamics of the worker-company relationship is pivotal in classification. By establishing clear agreements and grasping the essence of work dynamics, businesses ensure alignment with IRS and Montana state guidelines. Stay tuned as we continue to uncover more insights into optimizing your business practices! For the finale, we will cover the risks associated with misclassification. Until then! Warm regards, Nicky Part 2 - Financial Control, Evaluating Worker Independence
Greetings from the desk of Nicky Franks, where we dive deeper into the critical realm of Financial Control—the linchpin in distinguishing between employees and independent contractors.
Financial Control scrutinizes the degree of financial autonomy a worker enjoys from their employer. Both the IRS and Montana Department of Labor & Industry scrutinize several vital aspects Key elements include:
Example: Consider a software developer who invests in their computer and software licenses, serving various clients—a clear indicator of an independent contractor. Conversely, a developer using company-provided equipment and receiving a steady paycheck leans towards employee status. Implication: Correctly assessing these financial control factors is vital for businesses to avoid misclassification, steering clear of financial penalties and legal entanglements. Understanding and evaluating financial independence is pivotal in navigating the complexities of worker classification. By grasping these nuances of financial control, businesses empower themselves to make informed decisions, ensuring compliance with regulatory standards. Stay tuned as we continue to unravel more insights in our ongoing exploration. Until next time! Warm regards, Nicky |
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