Fringe benefits benefit employers and employees

November 1, 2018  |  Business

Whether it’s a result of a booming economy, tighter immigration laws or an educational system gone astray, finding qualified job applicants has become increasingly more difficult for those in the specialty fabrics industry. How can small businesses compete for badly needed, qualified workers? Than…
Tax law changes make adding equipment and vehicles more affordable

September 1, 2018  |  Business

Last December’s Tax Cuts and Jobs Act (TCJA) not only slashed tax rates, it also enacted rules that allow businesses to treat as an expense and immediately write off more—including 100 percent temporary expensing for certain assets. This means adding needed equipment, vehicles or even a new shop…
Stop sexual harassment in your workplace

July 1, 2018  |  Business

Far too often, the process of making bad and/or unethical choices begins with a simple, almost thoughtless decision. How do I know this? Well, I’ve seen it happen far too often. Harassment is not a sexy subject, and ethics are more than words. “The times they are a changing,” and that’s more…
Tracking supplier compliance for sustainable textile companies

May 1, 2018  |  Business

The issue of compliance can be complicated for textile companies, which have to comply with various regulatory and voluntary company standards for product safety and restriction of substances. In the United States, for example, the Consumer Product Safety Improvement Act (CPSIA) contains provisions …
California Community College Makerspaces offer work-based learning for students

April 10, 2018  |  Business

The CCC Maker Initiative, administered by Sierra College (www.sierracollege.edu), is offering internships and work-based learning experiences for students through 24 California Community College makerspaces, where students gain technical, entrepreneurial and work-ready skills sought by employers. Ca…
Outside expertise: how to find affordable, professional help when you need it

March 1, 2018  |  Business

While most owners of small- and medium-size businesses know the details of their companies intimately, there are often highly technical matters of law, accounting, management and marketing that are best handled by outside experts. Attorneys, accountants, and management and marketing advisers have sp…
Savvy cash management helps your bottom line

January 1, 2018  |  Business

Cash flow—the amount of money flowing into and out of your shop—is an easy concept to understand, yet not always well managed. Not every owner is aware of the impact skillful cash management has on net income, probably because the importance of managing revenue is far easier to recognize in some…
New IRS accounting method changes

October 1, 2017  |  Business

The tax returns of many businesses in the specialty fabrics industry have been—and will most likely continue to be—extra thick. Thanks to newly issued “repair regulations,” tax return filings for last year included more work on “Form 3115, Application for Change in Accounting Method” tha…
Smart documentation is key to selling your business

September 1, 2017  |  Business

No matter where in the world we run our businesses, we aspire to be successful, profitable and happy. We have either started the business from nothing, purchased an existing enterprise or taken the reins of the family business. Often, we begin with limited skills, have minimal formal industry traini…
How to attract and hire exceptional employees

August 1, 2017  |  Business

In the buyer’s market of recent years, it was probably easy for you to attract top-notch job candidates. Not so much today. With new job creation being healthier than expected in 2016, and further increases so far this year, finding and hiring the best candidates for your shop will no longer be a …