February 1, 2017
How the Trump Administration may affect businesses. Any change in Washington, D.C., brings the possibility—and the likelihood—of tax law changes. The election of Donald Trump as the 45th president of the United States is no exception. In his campaign, President Trump highlighted several goals of tax reform that included reducing the official corporate tax rate …
January 4, 2017
Recycling discarded materials into usable other things requires considerable effort and investment, but more companies are doing just that. Take Serge Ferrari North America, a Pompano Beach, Fla.-based manufacturer of flexible composite membranes used globally by numerous markets. In 1996, the company began exploring the idea of recycling its materials for the print and tent …
January 1, 2017
Get ready for new guidelines on ‘revenue recognition.’ Sometimes accounting rules and the tax law are logical and equitable; sometimes they aren’t. One question always seems to surface: When is a business’s revenue considered “income”? The time to claim income and deductions is dictated by rules or laws, not by a business owner’s opinion. Accounting …
Stephan Kåmark is president of Oxnard, Calif.-based Advanced Canvas & Upholstery Services. The Channel Islands Harbor shop specializes in flooring, enclosures, covers, solar power and repairs in the marine, industrial, aviation and military sectors, offering quality fabric and hardware from the U.S. and Europe. Here, Kåmark talks about his biggest influence, the rewards that come …
December 1, 2016
Even the most well-intentioned employees are vulnerable to slipping into unethical choices when their lives lack balance. Ask an average person, “Would you voluntarily do something that is unethical or illegal?” Generally, he or she will reply something like, “Heavens, no!” People naturally prefer to do the right thing. However, when faced with enough pressure, …
Flexible data collectors that can be worn on (and eventually, in) the body have great promise for patient-focused health care, but there are privacy concerns. The market for smart sensors is expected to grow from $18.58 billion in 2015 to more than $57 billion by 2022, according to a report published this summer by MarketsandMarkets …
November 1, 2016
Kate Mitchell is the owner of NOMAR, a Homer, Alaska-based company that develops unique items to serve the local industries. NOMAR first opened its doors in 1978 as Mitchell’s Marine Canvas & Upholstery. Today, it employs 15 skilled employees and offers American made clothing, ‘Laska Luggage,’ fisheries gear, parachute bags, upholstery and canvas boat tops. …
Threading carefully to minimize damages from patent infringement. The smart textile industry continues to respond to customer interest in interactive fabrics that meet a variety of needs, including the monitoring of athletic performance and the improvement of tissue reconstruction. This growth drives new approaches to solve problems, pushing the textile industry to draw on advancements …
October 11, 2016
Profit margins are tight for a lot of industries, but this is especially true in the agricultural arena, where profits can be wiped out—in some cases virtually overnight—by events beyond the control of growers and producers. Consequently, pricing has become a huge concern for all involved, say manufacturers of fabric agricultural products designed to mitigate …
October 1, 2016
Modern, targeted cyberattacks can take any organization by surprise. And these targeted cyberattacks are increasingly widespread. CBS “Money Watch” reported in June 2015 that more than 80 percent of U.S. companies have been successfully hacked, according to a Duke University/CFO Magazine Global Business Outlook Survey. According to the CBS report, “Successful attacks by hackers involved …