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The ethical dilemma of ransomware attacks
January 1st, 2022
The recent proliferation of well-publicized cyberattacks has revealed ransomware to be a serious national security threat. Still largely hidden from public view, however, are the attacks on small businesses, including many within the industrial, specialty and advanced textile industry, that don’t make the headlines. Surprisingly, while ransomware attacks have become a multibillion-dollar threat, the average […]
Tax laws can help with startups and expansions
October 1st, 2019
Tax laws can help or hurt new and expanding businesses. By Mark E. Battersby In today’s economy, it’s not unusual for an existing fabrication business to branch out, or for the owner or self-employed canvas professional to start another business in the same or a different field. Few realize, however, that Uncle Sam stands ready […]
Fringe benefits benefit employers and employees
December 1st, 2018
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? Thanks to our unique tax laws, every business can afford to offer […]
Tax law changes make adding equipment and vehicles more affordable
October 1st, 2018
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 building is now a lot more affordable. […]