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Fringe benefits benefit employees and employers
December 1st, 2018
Use fringe benefits to attract and keep workers while lowering your company’s tax bill. How can small businesses compete for qualified workers? Thanks to U.S. tax laws, every business can afford to offer fringe benefits, and may even be able to benefit themselves in the process. Fringe benefits are often defined as property and/or services […]
Payroll perils
June 1st, 2016
Mistakes in withholding and paying payroll taxes to the IRS can spell real trouble for small business owners. Every employer faces countless rules and regulations involving the payments it makes to its employees. There are rules that dictate when (and which) workers must be paid overtime, the amount of taxes that must be withheld and […]
Managing cyber security
December 1st, 2015
Don’t fall asleep at the computer. Today, even with almost every specialty fabrics business involved with some form of Internet connection or data storage (customer lists, employee information, books, records, job estimates, receipts and tax documents, for example), nearly 83 percent of small businesses do not have a contingency plan outlining procedures for responding to […]
As the ACA stands
October 1st, 2015
The Affordable Care Act (ACA) may be controversial but it is unlikely to be fully repealed anytime soon. It continues to provide specialty fabrics professionals and their businesses with insurance options, cost assistance and increased buying power through the government-sponsored marketplace—and a considerable amount of paperwork and confusion. Now is the time to begin preparing […]