Your taxes at work

March 1, 2015

The Tax Increase Prevention Act of 2014. The passage of the Tax Increase Prevention Act of 2014 late last year retroactively extended 54 tax breaks—but only for the 2014 tax year. The so-called “tax extenders” law opens the door for specialty fabric professionals to claim many of these popular (but temporary) tax incentives when 2014 …

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Succession planning

February 1, 2015

From a financial standpoint, selling or transferring your business requires setting and communicating a clear set of goals and procedures to avoid risk and possible conflict. Sooner or later, everyone thinks about retirement. For those who own a closely-held or family textile products business, retirement is more than just a matter of deciding not to …

Lease or buy?

January 1, 2015

New rules may make a difference in your decision. Whether to buy or lease new equipment is a tough question for many specialty fabric professionals to answer, even as credit becomes more readily available. There is no one correct answer to fit every situation or business, but compared to the simplicity of buying, leasing is …

Tax savings for ADA compliance

March 1, 2008

It has been 17 years since the Americans with Disabilities Act (ADA) was signed into law. Although many specialty fabric products businesses still fall short when it comes to making their businesses—and their business premises—ADA compliant, others have used the financial and tax incentives created to help ease the cost of complying with the ADA …