OCTOBER 2013

LAUBER:ADVISORY BOARDS: ARE

THEY RIGHT FOR YOU?

KEATING:OBAMACARE:

GENERATING WORRY FOR SMALL BUSINESS

INSIDE THIS ISSUE:

GERARD:RENEWABLE FUEL:

UNWORKABLE TO UNSAFE

OCTOBER 18TH:Nancy Mistele, Director, WI Department of Administration, Office of Business Development

OCTOBER 16TH:Special lunch meeting on

energy issues - See ad inside!

© 2012 AT&T Intellectual Property. All rights reserved.

At AT&T a storefront is as important as a skyscraper.

Small businesses are the backbone of our economy. They are the engines of new opportunity and growth. Having access to innovative technologies drives success. And we’re here to make sure you’re connected. Always.

AT&T is proud to support the Independent Business Association of Wisconsin.

no businessis small

Executive DirectorSteve Kohlmann

Heritage Printing / Cultivate Communications

PresidentSteve Van LieshoutK & S Technologies

.

President Elect 2014Membership / Sponsorship

John WeberHypneumat

VP. State & National ProgramsJeff Hoffman

Judson & Assoc.

TreasurerCasey Malek

SIKICH

Directors

Bart AdamsSIKICH

Ann Barry HannemanSimandl Law Group S.C

Heather BaylorPark Bank

Richard BlomquistBlomquist Benefits

Jason KuwayamaGodfrey & Kahn

Tom BoelkowBSI Design, Build, Furnish

Dave Drumel Staff Electric

IBA MEDIA LINKS

Lt. Governor Kleefisch -The nine most terrifying words:

“I’m from the Government and I’m here to help.

To view, click here.

Manufacturing Message from Governor Walker

To view, click here.

“North American Energy Independence & Wisconsin's Energy Future”

Wednesday, October 16th

SPECIAL GUEST SPEAKER:John Felmy Chief EconomistAmerican Petroleum Institute, Washington D.C.

John Felmy is responsible for overseeing economic, statistical and policy analysis of the Institute and has more than 25 years experience in energy, economic and environmental analysis.

WHEN: Wednesday, October 16th - 11:30 AM - 1:00 PM

WHERE: Lemberg Electric Training Center, 4085 North 128th Street

COST: Just $10.00 - Box lunch included!

For an accurate lunch count you must preregister at IBAW.com

or click here.

Discover all the exciting possibilities in North America with oil and natural gas.

How will restrictions on coal production affect your business?

Learn the truth about the hydraulic fracturing process and why Wisconsinʼs silica sand is so vital.

SPECIAL MEETING • SPECIAL MEETING • SPECIAL MEETING

I was fortunate enough to attend Milwaukee Night in Washington, D.C. last week at the Rayburn Office Building directly across from the Capitol. It was well attended and it was nice to see southeastern Wisconsin business so well represented in our nation’s capitol.

Harley Davidson was represented as well as Usinger’s brats. Washington, D.C. people devoured the brats like they’ve never seen them before.

We paid too much for dinner, got familiar with the DC metro train, stumbled across a DC Metro Money Train complete with blacked out window’s and well armed guards standing in the doorway with a look of ‘Do Not Enter’ on their face. Spent some quiet time at the World War II Memorial ( an Honor Flight arrived at the same time we did).

I had a nice, one - on - one casual conversation with Senator Johnson on the steps of the foyer about our concerns about ObamaCare. The conversation went about 5 minutes while we both worked on a Leinenkugel’s beer before the Senator was detected and mobbed - but I had 5 minutes of his attention. I also had a nice cordial chat we Senator Tammy Baldwin about the same subject. Congressman Jim Sensenbrenner was also there and we talked over Wisconsin cheese. The event was great and well attended - something you might want to consider joining next year. Photos of the event are shown in this magazine.

And now a word about the upcoming Events Schedule...

Holy Smokes do we have a jammed packed schedule of events coming up. Here’s a quick recap of what’s happening - check IBAW.com or this issue for further details and registration information.

October 16th - Special Lunch Meeting: ‘North American Energy Independence & Wisconsin’s Energy Future’

October 18th - Monthly Meeting - “How Can the State of Wisconsin Help Your Business Grow?” Nancy Mistele, Wisconsin Department of Administration, Business Development

November 15th - Monthly Meeting: “What the Affordable Care Act Means to Your Business”, Eric Ness, Director, Small Business Administration of Wisconsin, Milwaukee Office

December 20th - THE BIG EVENT - “The Entrepreneurial Spirit of Wisconsin”. A great morning of motivation and inspiration! Our speakers will be Gov. Scott Walker (invited) along with Craig Culver, President & CEO of Culver’s Restaurant. IBAW will also be awarding the Legislator of the Year Award. This event takes place at the Wisconsin Club in the main ballroom. This is sure to be a well attended meeting so registration is now open.

Believe it or not, we’re already hard at work for events and new items for 2014.

That’s about all for right now. I have a busy morning of logistics and you have some events to register for.

See you at the next meeting!

Steve KohlmannIBAW Executive Director

Milwaukee’s Night in DCSteve Kohlmann, IBAW Executive Director

Invited Governor Scott Walker

Get Inspired, Get Motivated!Network With Top Business Leaders -

Elected Representatives Also In Attendance!

Wisconsin Club - Main Ballroom, 900 West Wisconsin Avenue

7:00 AM - 7:30 AM - Networking 7:30 AM - Breakfast 9:00 AM - Adjourn

*Save The Date*Registration now open! Click here!

“THE ENTREPRENEURIAL SPIRIT OF WISCONSIN ”

Craig CulverCulver’s Restaurant

Event Sponsor:

PlusLegislator of

The Year Award

Media Sponsor:

Friday, December 20th

Business Presentation Series

OCOBER 18TH - Nancy MisteleDirector, Wisconsin Department of Administration,

Office of Business Development

The Office of Business Development is part of the Wisconsin Department of Administration and was created in 2012 to give business a voice in guiding government reforms. Director Nancy Mistele serve as the ‘concierge’ service for business, supporting business interests from within government. As advocates, they seek business input to guide common sense regulatory reforms, help resolve everyday problems you encounter when working with state agencies and can direct you to existing resources and support services that make it easier to do business in Wisconsin!

Working statewide with business owners, trade associations, affiliated organizations and Chambers of Commerce we ensure that business has a seat at the table and their voices are heard at the appropriate agency or in the Legislature. Working with the Small Business Regulatory Review Board, our goals are to get government rules and red tape out of the way so you can focus on running your business!

Click here to register.

LOCATION! ! THE WISCONSIN CLUB ! 900 W. WISCONSIN AVE. MILWAUKEE

7:00 AM ! ! REGISTRATION & NETWORKING

7:30 AM ! ! BREAKFAST & PROGRAM

9:00 AM ! ! PROGRAM ENDS

November 15th Meeting“Affordable Care Act & Small Business”

Eric NessSmall Business Administration of Wisconsin

Is an Advisory Board Right for You?John Lauber, Lauber CFOs

No Business is too small to benefit from an Advisory Board. Advisory Boards should not be confused with a formal Board of Directors. An Advisory Board does not have the legal requirements or fiduciary responsibilities imposed by Sarbanes-Oxley on public companies. 

As the name implies, Advisory Boards are there to advise. The CEO has no legal obligation to follow their advice. However, if a board is made up of trusted professionals, following their advice is normally not a problem.

What’s the Value:• An Advisory Board is there to help you, not control you.• A fresh set of eyes. • A strategic, big picture perspective.• Experience to help you navigate through the minefields of business.• A different set of contacts that can benefit your company.• Credibility, especially for young companies.• Skill sets you may not be able to buy.• Accountability for the CEO.

10 Steps to Establishing an Advisory Board:1. The CEO should start by defining the objectives for the board. Why do you want an Advisory Board?

Typical objectives are: to help the company get to the next level; to provide leads to new customers; to be a sounding board for new ideas; to serve as a mentor for the CEO’s professional development; to provide skill sets missing in the management team; to understand the strategic vision and hold management accountable.

2. Develop a profile of the members you would like to attract i.e. a financial person with IPO experience; a sales leader from the consumer products industry; a CEO who has already been where you want to go. 

3. In most cases, I believe in not including people whose advice you already receive. You may want to invite your accountant, attorney or banker to some of your meetings but I would not include them as members of your Advisory Board. Also, this is not the place for your golfing buddies unless they also happen to have that unique experience you need. You want people who can provide objective advice.

4. Determine how many members you would like on your Advisory Board and if they should be local. This will impact how you interface with your board.

5. Start with your current contacts. Who do you know that you respect and trust and who also meets your profile. Share the profiles with trusted contacts and ask who they recommend.

6. Make a list of potential members.

7. Define your expectations for your board members i.e. how often will you meet; how often will you communicate between meetings; how will you keep them informed.

8. Decide how you will compensate your board. While most people who serve on Advisory Boards don’t do it just for the money, compensation is important because it sends a signal that you are serious. Advisory Board members can be compensated differently depending on the circumstances;  hourly, a per-meeting fee, monthly retainer, stock options or a pay-out contingent on achieving a goal could all be appropriate. Decide what is right for you.

9. Develop “your pitch” When you pick up the phone or meet with a potential Advisory Board member, you need to have an organized story to tell.  What are your objectives, what’s in it for them, what are your expectations of them? 

10. Finally, with all this preparation, all that’s left is to close the deal. Ask for their help and get them to say yes.

Now that you have your Advisory Board, how often should you meet and how to get the most from their involvement?

• You might consider a one-on-one meeting with each board member to get them up to speed before the first group meeting. Ask them how much background information they would like and what the best way to communicate with them is.

• If your board members are local, a quarterly group meeting may be a good starting point although circumstances might dictate more frequent meetings.

• If members are not local, the logistics of getting everyone together might be a problem. In that case work one on one with the members during the year on areas of their expertise and get the group together once or twice a year. I believe the synergy of the group can bring increased value.

• Prepare for each meeting. Publish an agenda in advance. Certainly financial results should be part of each meeting, but consider having each of your key manager’s report on their area on a rotating basis.

• Be open and honest with your Advisory Board. Be willing to expose your weaknesses. You picked them because you trusted them and hopefully they are better than you in certain areas. They are there to help you and your business become more successful.

• Meet consistently, not just when you have good news to report. This is not about getting pats on the back. It is about growing and improving your business.

• Determine what information you will provide to your Advisors in between meetings and do it consistently. Provide feedback on action taken and the results of their suggestions.

• Use your board members. If you have questions between meetings, give them a call or send an email. They are committed to helping you.

MSI General Awarded Contract for

Brookfield Christian School Expansion Awarded

To IBAW Member MSI General

MSI General has been awarded a contract to design, engineer, and construct a 13,775 square foot addition to the existing school, located at 14155 W. Burleigh Road, Brookfield, that will provide more classroom space, an expanded Library/Multi-Media Center, Art Room, and a regulation sized gymnasium. The project is scheduled to start in October, 2013, and be complete in August, 2014.

IN THE FALL OF 1963, MILWAUKEE CHRISTIAN SCHOOL opened the doors to its first eager students with a vision to provide excellent academic training with a Christian perspective on all of life. Today, academic excellence within a Christ-centered atmosphere continues to be the focus of the educational experience at Brookfield Christian School (BCS), and now they are having a positive impact on the lives of hundreds of students.

MSI General Corporation, a design/build general contractor located in Oconomowoc, is a leader in the design and construction of commercial, educational, industrial, municipal, religious and retail facilities in southeastern Wisconsin. MSI General was founded in 1957 and has over 55 years in the design/build industry.

There is growing concern from livestock groups, environmentalists, consumer advocates and refiners that the EPA’s mandates for greater amounts of ethanol in gasoline are a threat to our engines and could damage our economy. The Renewable Fuel Standard (RFS) requires refiners to blend increasing volumes of ethanol into the nation’s fuel supply regardless of demand. Increased fuel efficiency and the economic slowdown have reduced demand, but EPA’s requirements for higher ethanol are unchanged and this could mean trouble for consumers and cars.

Vehicle Damage

• To meet unrealistic ethanol targets, the Environmental Protection Agency (EPA) approved a 15-percent ethanol blend (E15) before vehicle testing was complete

• While the current 10-percent ethanol gasoline (E10) is safe, extensive testing has determined that E15 causes engine and fuel system damage that could leave millions of vehicles broken down

• AAA, along with Dodge, Toyota, Nissan and other automakers caution car owners against using E15 and warn that engine damage caused by the fuel will not be covered by warranty

• API is calling on the Obama administration to exercise its waiver authority to prevent E15 implementation, and we’ve joined with numerous other consumer and agriculture groups to file a brief with the Supreme Court to strike down the E15 mandate

Economic Damage

RFS mandates could drive up the cost of diesel by 300 percent and the cost of gasoline by 30 percent by 2015, according to a study by NERA Economic Consulting that projects the following economic impacts:

• Decrease U.S. GDP by $270 billion in 2014 and $770 billion in 2015

• Decrease worker take-home pay by $27 billion in 2014 and $580 billion in 2015

• Additionally, the National Association of Convenience Stores estimates it will cost $10 billion to modify gas station infrastructure to safely use blends higher than E10; 97 percent of gas stations are independently owned

The only solution for such a thoroughly flawed and damaging policy is total repeal.

Renewable Fuel Standard: From Unworkable to UnsafeJack Gerard, President & CEO, American Petroleum Institute

IBAW Survey Results

September Meeting: Richard Chandler, Secretary, Wisconsin Department of Revenue

Wisconsin Secretary of Revenue, Richard Chandler was our guest speaker for our September meeting. His discussion touched on:

- Tax Reform Goals- Manufacturing Tax Credits - Rate cuts to taxpayer- Wisconsin’s current economic conditions- Holding the line on property taxes- Improving customer service in the Department

Manufacturing tax credits apply against taxes on income from manufacturing activity in Wisconsin which is phased in over 4 years:

Tax year 2013 = 1.875%Tax year 2014 = 3.750%Tax year 2015 = 5.526%Tax year 2016 & beyond = 7.90% (corporate income tax) & 7.65% (individual income tax)

In the Q & A portion of the presentation, Bob Gross of Gross Automation informed Secretary Chandler of his recent state audit which he described as “surviving a terrorist-like attack by the Department’s audit team.”

Mr. Gross & Secretary Chandler were able to have a discussion after the meeting regarding his experience.

PHOTOS TOP TO BOTTOM:

Secretary Chandler discusses Wisconsin’s tax climate.

Jim Brandenburg of SIKICH and Secretary Chandler compare notes on tax related issues.

IBAW member Al Luebben of Tri City National Bank welcomes guest Yvonne Ochilo of Ochilo Law Offices. Ms. Ochilo’s firm has a specialty of International Law with offices located in Nairobi, Kenya as well as Milwaukee.

The IBAW was well represented on September 18th Executive Director Steve Kohlmann attended Milwaukee Night In Washington, D.C. at the Rayburn Office

Building across from the Nation’s Capitol.

Special thanks to our friends at the Milwaukee Metropolitan Chamber of

Commerce for the invitation to participate in the event.

Milwaukee Night In Washington D.C.

Chatting with Senator Tammy Baldwin regarding the challenges businesses face with

the impending Affordable Care Act.

MSI President & CEO, Dirk Debbink, shares his thoughts with Senator Ron Johnson

Waukesha Metal Products, Michael Steger discuss the gap in hiring and how hiring

veterans can play a part filling the employment gap.

Briggs & Stratton Laura Timm, Vice President of Corporate Communications & Public Affairs shares her concerns about emission regulations with engines from China.

You never know where you’ll see the IBAW support decal...

Loan Fact Sheet Qualifying Business Nearly all for-profit businesses – must fit size standards, general guides include under 500 employees in Manufacturing, under 100 employees in the wholesale business, under $7 million in retail and under $4.5 million in services (exceptions exist to the above size standards) 504 alternative size standard, $15 million net worth, net profit after taxes under $5 million -Some businesses are not eligible common ones include passive businesses (business with rental properties, business with restricted patronage, life insurance company, business primarily engaged in lending) Use of loan For any legitimate business purpose, including machinery and equipment, real estate, working capital inventory and refinancing of existing debt Loan Maturity/Size Working capital – 7 years Machinery & equipment – 10 year Real Estate – 25 years Interest Rate Prime* plus 2.25% under 7 years Prime plus 2.75% over 7 years Current prime rate 3.25% (9/19/13) Additional 1% for loans under $50,000 additional 2% for loans under $25,000 No minimum loan size, Maximum loan size is $5 Million (Max. guaranty to lender $3.75 million) No guaranty fees beginning 10/1/13 for loans under $150,000 Application Requirements -Good character -Management Expertise -Adequate equity injection 20% (may be more) -Collateral (though you may receive loan without adequate collateral) -Cash Flow For existing business, lender will review your financials Apply through the bank Free counseling is provided by SCORE (Service Corps of Retired Executives), SBDC (Small Business Development Centers), and Women’s Business Centers (WWBIC). Tammie Clendenning, Economic Development Specialist, 414.297.4089, tammie.clendenning@sba.gov

America’s Small Business Resource

U.S. Small Business Administration Wisconsin District Office

310 West Wisconsin Avenue, Suite 580W Milwaukee, WI 53203

Tel: 414-297-3941 Fax: 414-297-1377

TDD: 608-441-5333 www.sba.gov/wi

! " # # $ % & DREAMS to WORK

O V E RWe know that it takes more than simply having a good idea to achieve

your dream of business ownership or growth. At WWBIC, we work with those interested in launching or expanding a successful small business in Wisconsin.

414-263-5450 | www.wwbic.comMilwaukee | Madison | Racine | Kenosha | Statewide

Business OwnerJob Title:

WWBIC Services Include:

Contact WWBIC if launching or expanding a business is in your future.

WWBIC Annual Luncheon

Come along with us and make a difference

Tuesday, November 5, 201311:00am - 1:30pm

Potawatomi Bingo and CasinoExpo Center1721 West Canal StreetMilwaukee, Wisconsin 53233

For more information contact Lisa Sullivan, Program & Event Coordinator at Lisa.Sullivan@wwbic.com

IBAW SALUTES WWBIC

Congratulations to our friends at the Wisconsin Women’s Business Initiative Corporation for helping foster the growth of new businesses in Wisconsin. On Tuesday, November 5th, the WWBIC will be hosting their annual luncheon at the Potawatomi Bingo and Casino. Please consider attending the luncheon and supporting an organization that impacts new businesses in Wisconsin.

During the debate over ObamaCare, numerous concerns were brought up from a small business perspective. Of course, supporters dismissed such worries, claiming that businesses, including small firms, would benefit tremendously.Understanding that more government activism, including increased regulations and taxes, is never a free lunch, entrepreneurs overwhelmingly doubted the grandiose claims that ObamaCare would be a good deal for small businesses. And as matters have proceeded since ObamaCare was signed into law in 2010, costs and concerns have only mounted.Consider a few recent reports on rising ObamaCare troubles for small businesses and their workers. 

• Cutting Worker Hours. The threat of per-fulltime-employee fines under ObamaCare has led to a wide array of businesses cutting employee hours. A September 11 Fox Business News story noted the following:“The Obama administration announced in July that it would delay the so-called employer mandate until 2015. ObamaCare requires that companies with 50 or more employees provide health insurance benefits to every full-time worker, considered to be anyone who logs an average of 30 or more hours a week. Employers will be hit with a penalty for each full-time employee who isn’t covered and instead purchases insurance through a federally subsidized exchange.”

Although the administration delayed implementing the rule until 2015, the penalties for that year will be based on staffing levels recorded in the second half of 2014 at the latest. As a result, several large companies and a long list of smaller businesses have changed their policies to cap weekly hours at 29.”

• ObamaCare and Part-Time Jobs. Job creation continues to badly under-perform during this recovery. It’s not just about slow job growth, but also a high level of part-time jobs. A Reuters report recently highlighted the ObamaCare role on the part-time jobs front: “Faltering economic growth at home and abroad and concern that President Barack Obama’s signature health care law will drive up business costs are behind the wariness about taking on full-time staff, executives at staffing and payroll firms say… Executives at several staffing firms told Reuters that the law, which requires employers with 50 or more full-time workers to provide healthcare coverage or incur penalties, was a frequently cited factor in requests for part-time workers. A decision to delay the mandate until 2015 has not made much of a difference in hiring decisions, they added.” Later, it was noted: “Obamacare appears to be having the most impact on hiring decisions by small- and medium-sized businesses. Although small businesses account for a smaller share of the jobs in the economy, they are an important source of new employment. Some businesses are holding their headcount below 50 and others are cutting back the work week to under 30 hours to avoid providing health insurance for employees, according to the staffing and payroll executives.”

ObamaCare Continues to Generate Small Business WorriesRaymond Keating, Chief Economist, Small Business Entrepreneurship Council

• Harsh Reality for Former ObamaCare Supporter. Strangely, there have been some business owners who actually supported ObamaCare’s passage. The Chattanooga Times Free Press ran a fascinating report on August 29 about one such business owner who then got hit with the economic and business realities of ObamaCare. Link Christiansen, operator of Tennessee Awning Co., supported ObamaCare, believing that it would help people. As noted in the report, “He didn’t realize how much it would cost him, and he’s horrified by how much it’s going to cost his employees. ‘Some of those regulations about what the costs of my employees are going to be are horrendous, and I can’t understand the math,’ he said. ‘Listening to the insurance providers and people providing webinars on how to figure out what our costs are going to be in this program, it’s gigantically troublesome to me.’ Not only does the math make his accountant shudder, Christensen is fairly certain that his employees are going to totally lose all coverage, he said.”

• Threat of $100 Per-Day Fine.  A September 9 Fox Business News report highlighted a potential per-employee fine looming over small businesses: “Beginning Oct. 1, any business with at least one employee and $500,000 in annual revenue must notify all employees by letter about the Affordable Care Act’s health-care exchanges, or face up to a $100-per-day fine. The requirement applies to any business regulated under the Fair Labor Standards Act, regardless of size. Going forward, letters are to be distributed to any new hires within 14 days of their starting date, according to the Department of Labor.”

In the Reuters article mentioned above, it was noted, “Some economists, however, say the surge in reliance on part-time workers will fade as the economy strengthens and businesses gain more certainty over how they will be impacted by Obamacare.” Two problems exist with this assessment.

First, it remains difficult to see U.S. economic growth making the big leap from its dismal performance during this recovery to where it should be in recovery/growth periods. Real GDP growth has averaged a mere 2.2 percent during this recovery when we should be running at double that rate.

Second, uncertainty about ObamaCare is playing a big role in holding down hiring and hours, but greater certainty will not necessarily mean increased hiring and hours given the cost realities of ObamaCare.

Will business owners simply shift from worrying about the threat of future cost issues to worrying about the reality of higher costs?

The answer is most likely: Yes.•

You Can Make a Difference In Wisconsin!

Spread the word of IBA to your business associates -

pass on the IBA brochure!

Download it in PDF format or pass the l ink on.

Available at www.ibaw.com

Get Informed

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THANK YOU TO OUR SPONSORS...

ATTIndustrial Towel & UniformBlomquist BenefitsAssociated BankSIKICHGodfrey & KahnPark BankLauber CFO’svon BriesenVrakas / BlumAdvantage Leasing

Grace MatthewsSimandl Law Group, S.C.BSI - Design, Build, FurnishK & S TechnologiesJudson Commercial Real EstateHypneumatReinhart, Boerner, Van Deuren, S.C.

Media Partner:Cultivate CommunicationsHeritage Printing

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PLEASE  CHOOSE  THE  APPROPRATE  CATEGORY  FOR  YOUR  INVESTMENT  IN  THE  GROWTH  AND  STABILITY  OF  SMALL  BUSINESS  

AMOUNT  

                         NUMBER  OF  EMPLOYEES  IN  COMPANY                                                                                                  ANNUAL  DUES    

                               1    5                                                                                                                                                                                                                                          $215    

                               6    15                                                                                                                                                                                                                                      $275    

                               16    25                                                                                                                                                                                                                                  $375    

                               26    49                                                                                                                                                                                                                                  $470    

                             50  or  more                                                                                                                                                                                                                      $600    

                           Sustaining  Member                                                                                                                                                                                          $700    

Special!    Pre  pay  breakfast  meetings    12  for  the  price  of  10                                                              $300    

                                                                                                                                                                                                                                                                 ENCLOSED  AMOUNT:    

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PAYING  BY  CHECK  ?            Make  checks  payable  to  IBA    and  mail  to:  IBA  960  Timber  Pass  Brookfield,  WI  53045    WANT  TO  PAY  ONLINE?      You  can  also  pay  by  Mastercard    /  Visa  at  the  IBA  Membership  page.  www.ibaw.com    

________________________________________________________________________    The  Independent  Business  Association  of  Wisconsin  is  a  not-­for-­profit  entity  filed  with  the  IRS  under  501(c)(6)  of  the  Internal  Revenue  Code.  As  a  not-­for-­profit  association,  the  members  of  The  Independent  Business  Association,  Inc.  are  allowed  to  deduct  a  percentage  of  dues  that  are  not  used  for  lobbying  purposes.  For  the  year  2013  based  on  the  total  income  of  the  association  and  the  lobbying  expenses  as  reported  on  the  Wisconsin  State  Ethics  Board  Lobbying  reports  for  2011  the  percent  of  dues  that  were  used  for  lobbing  purposes  is  10%.  Therefore,  the  percent  of  dues  that  would  be  tax  deductible  is  90%.  

IBAW  960  Timber  Pass  

Brookfield,  WI  53045    

Office:  262-­‐844-­‐0333  WWW.IBAW.COM    

Political Advocacy • Education • Networking

www.ibaw.com / 262-844-0333 / IBAWOffice@gmail.com

We can’t be responsible how you feel after attending our meetings.

IBAW’s Business Presentation Series offers high level speakers on timely business topics keeping you informed and exhilarated.

Quality programming every month.

That’s IBAW.