International Textile Machinery Market Trends

Textile Machinery Market, provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Textile Machinery Market analysis is provided for the international Industry including development trends, competitive landscape analysis, and key regions development status.

Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross market Textile Machinery.

The provincial analysis of the worldwide Textile Machinery Industry splits the global market area into key areas that include both continents as well as specific countries which are currently shining in phrases of demand, volume or normal Trends.

Global Textile Machinery Market focuses on global major leading industry players providing textile business directory information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

The Textile Machinery industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered. With the tables and figures the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Strategies to Manage Taxes in Retirement

One way to potentially lower taxes in retirement is to start taking distributions from tax-deferred accounts before it’s required. Again, once you reach age 59½, you can withdraw funds from those accounts without paying the 10% early-withdrawal penalty. The withdrawals are still taxed as ordinary income, but over time they reduce the size of tax-deferred accounts, and thus the size of your RMDs. Another reason to access those funds before 70½ is that it could help you delay taking your Social Security benefit, which increases in size the later you take it, up to age 70.

That said, it’s important to look at your tax situation at age 59½ before taking early withdrawals. For the many Americans who will still be working at that age, withdrawing too much could push them into a higher tax bracket. Taking Social Security benefits could also push you into a higher tax bracket, but keeping RMDs low means less income would be subject to the higher tax rate.

One of the most popular and appealing strategies for reducing the potential tax consequences of RMDs is converting a traditional IRA or 401(k) plan into a Roth IRA before the age of 70½. Roth IRAs are funded with after-tax dollars and thus are exempt from RMDs during the owner’s lifetime — and when the funds are withdrawn, both the principal and earnings are tax-free. It’s worth noting that the act of converting to a Roth IRA is a taxable event and the five-year rule still applies.

A Roth conversion may make sense when you’re certain you’ll be in a higher bracket when you eventually withdraw the money, which is often the case once RMDs and Social Security are factored in. It may also be a good option when you don’t need the money, aren’t concerned about paying income taxes and would like to leave an income-tax-free Roth IRA to your heirs.

Lastly, if you make a full or partial conversion to a Roth IRA, you may be able to reduce the resulting tax burden via charitable giving during the same year as the conversion — though the donation can’t be funded from your retirement accounts.

There’s a lot to consider as you plan for how to manage your tax obligation in retirement. Consulting with a financial professional, and particularly a tax adviser, can help ensure your choices are most advantageous for your situation.

Catherine Golladay is senior vice president for 401(k) participant services and administration with Schwab Retirement Plan Services.

The information contained herein is proprietary to Schwab Retirement Plan Services Inc. (SRPS) and is for informational purposes only. None of the information constitutes a recommendation by SRPS. The information is not intended to provide tax, legal, or investment advice; please consult with your accountant or investment adviser for how this applies to your specific situation. SRPS does not guarantee the suitability or potential value of any particular investment or information source. Certain information provided herein may be subject to change.

Fashion industry has started paying attention to biodegradable and renewable fabrics

Over the past three years, the fashion industry has started paying attention to biodegradable and renewable fabrics. Last year, Salvatore Ferragamo used a citrus byproduct material that feels like silk for a collection of shirts, dresses and pants; Philippines-based AnanasAnam created a faux-leather out of pineapple leaves dubbed Piñatex; and Dutch textile designer Aniela Hoitink created a mycelium dress that was as stylish as any satin cocktail dress.

Yes, mycelium—the interlocking root system that spawns forests of mushrooms in your yard after it rains. And this fungi fashion seems to be a trend: Microsoft’s Artist-in-Residence Erin Smith grew her own wedding dress out of tree mulch and mycelium; lighting designer Danielle Trofe uses mycelium to create biodegradable light fixtures; and Life Materials sells sheets of its mycelium leather for anyone interested in a do-it-yourself creation.

According to Silverman, the end result is a compostable, biodegradable mushroom-based sole that could replace rubber and other manmade components. But if it’s a compostable material, what happens if you wear the shoe in the rain?

John Taylor, professor of plant and microbial biology at the University of California at Berkeley, believes that unless the shoe sole is treated to prevent water intrusion, it’s far from ready to wear.

“There is likely a trade-off in durability versus compostability,” says Taylor, who isn’t involved in Silverman’s project. “Mycelium would absorb water if untreated, leading to degradation of shoe soles but promoting compostability. If the mycelium is treated to prevent absorption of water, the shoe sole function would be improved, but the compostability would decline.”

Silverman says that compostable products cannot compost without the correct conditions and organisms, so the soles shouldn’t just biodegrade during use. “Mycelium is naturally water-resistant so we believe if we let it grow to fully cover the substrate materials that the shoes would be able to tolerate at least some moisture,” says Silverman, though she does admit that “we do have some concerns about the flexibility of the material.”

While Silverman’s product may need some fine-tuning before it is market-ready, a California-based materials innovation startup called Bolt Threads is already accepting pre-orders for its mushroom “leather” bag in June. The company is known for creating its Microsilk fabric by copying spider silk gene technology. Through a new partnership with Ecovative Design, a company that created mycelium-based packaging and industrial-based materials, Bolt Threads Co-Founder Dan Widmaier is excited about the possibilities of renewable, sustainable fabrics, especially one that has the ability to replace leather and possibly lessen leather’s carbon footprint.

Biodegradable Jute Fashion Products Directory

Make a Trendy Basket Lamp Using a Basket, Save Hundreds

Whether you’re talking wicker chairs or round jute rugs, natural fiber furnishings seem to be everywhere. Even in lighting: Anthropologie carries a tiered rattan pendant for $528, a wrapped jute chandelier for $258, even a basket-weave sconce with twinkly little ornaments sprucing it up. All are equal parts casual and elegant, like your very favorite basket flipped over and turned into a ceiling light.

Which, come to think of it, is probably a DIY you could actually pull off. First you’ll need a woven basket, though any sort of natural fiber container could work. Chris Bletzer, the designer whose retro NYC townhouse had us all in a tizzy this spring, made a pendant from an antique bowl he found at a flea market. Then you’ll need a few hours and just two more supplies. Here’s how to fashion a woven pendant light yourself, for way less than you’d spend buying it new.

First things first, get the basket. This will be the most complicated task you face in your basket lamp DIY: shopping for a container to turn into a pendant lamp. Thankfully, an easy task—if you’ve been inside literally any store recently, you know there’s more cute baskets in the world these days than one could ever hope to find a use for. We recommend something lightweight and permeable, a shallow woven bamboo construction or even a belly basket made of sea grass. The less weight on the bulb kit, the better. Basically, anything you’d like to see hanging from cord in your living (dining, etc.) room.

Make a hole in the base. Seeing as your basket will be uniquely constructed, this might require drilling or it might just require snipping with sharp shears. Do what needs to be done to make a small hole in the base of the basket, taking care to center it so the thing hangs straight.

Products From Jute Textile Waste

Global Home Textile Market Innovation to Boost Growth

Technavio has published a new market research report on the global home textile retail market from 2018-2022. (Graphic: Business Wire)

A key factor driving the market’s growth is the innovation and portfolio extension leading to premiumization. In the global home textile retail market, the home textile products with innovative features, utility, and designs are relatively high-priced than other types of regular home textile products. The superior-quality, comfortable, and innovative home textiles are in high demand among the customers around the world.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the distribution channel expansion strategy by vendors as one of the key emerging trends in the global home textile retail market:

Global home textile retail market: Distribution channel expansion strategy by vendors

The vendors in the global home textile retail market are adopting different strategies to broaden their customer base. One of the popular strategies adopted by vendors nowadays is the distribution channel expansion. The omni-channel strategy is trending these days among the home textile manufacturers as they are entering the retail space to gain more customer base and improve brand recognition.

This market research report segments the global home textile retail market into the following products (bed linen, bedspreads, and other bedroom textiles, bath linen, carpets and rugs, upholstery, and kitchen linen) and key regions (the Americas, APAC, and EMEA).

The bed linen, bedspreads, and other bedroom textiles segment held the largest market share in 2017, accounting for more than 40% of the market. This product segment is expected to dominate the global market throughout the forecast period.

Link: Textile B2B Market

EMEA held the highest share of the global home textile retail market in 2017, accounting for a market share of approximately 38%. The market share occupied by this region is anticipated to decrease to some extent by 2022. However, this region will dominate the global market throughout the forecast period.

BEAT Could Eat into Income Tax Savings

Tax legislation generally includes promises to simplify the process of computing taxes. But in the process of transforming legislation into law, those good intentions often are overshadowed by new complexities.

The Tax Cuts and Jobs Act of 2017 is no exception, especially for U.S. multinational corporations. Although most corporations herald their much lower 21% tax rate under the TCJA, it comes with a price.

The law’s Base Erosion Anti-Abuse Tax (BEAT) is designed to discourage companies from steering revenue to lower-tax countries overseas by reducing the incentive to shift profits to foreign-related parties.

Previously, corporations shipped $300 billion of profits annually to lower-tax countries. The Congressional Budget Office estimates that BEAT and other measures will instead add $65 million annually to the federal government’s coffers.

BEAT’s intricacies, of which there are many, haven’t been sorted out entirely, because the IRS has yet to issue final guidelines. But corporations with more than $500 million in U.S.-sourced revenue who make deductible payments to foreign-related entities are vulnerable. It amounts to an alternative minimum tax (AMT).

The BEAT calculation itself is fairly straightforward. It’s computed from Modified Taxable Income (MTI), which equals the corporation’s regular taxable income, with certain foreign-related payments added back.

The BEAT is the excess of 10% of MTI over the company’s regular liability, minus certain tax credits. (There will be an initial 5% phase-in rate for the 2018 tax year, then the 10% will apply through 2025, after which it will rise to 12.5%.) Like-kind payments may be aggregated in the calculation.

As befits tax legislation, details related to the BEAT calculation are more complex.

To begin, corporations must have U.S.-generated revenue of $500 million for the prior three years, subject to some deductions. Unlike the repealed AMT regime, there is no future credit for any BEAT that the taxpayer incurs. Thus, it is a lost cost.

BEAT affects both U.S. and non-U.S. corporations (controlled and consolidated groups), except for regulated investment company (RIC), REIT, and S corporations. The “foreign” entity criterion is satisfied by determining ownership of at least 25% of the taxpayer’s stock and/or other tests to determine relationship or control.

Banks will not receive the benefits of the historic rehabilitation tax credit and the new markets tax credits, and their rate is 1% higher; rates for registered securities dealers and affiliates can be 2% to 3%. BEAT may be considered an additional tax in determining a bank’s effective tax rate, which could reduce regulatory capital. And there is no netting of BEAT payments.

But calculating payments is more involved. Accruals of interest, rents, royalties, trademarks, and certain fees for services are included (though it’s unclear whether deemed/allocated interest expense for foreign banks under Treasury regulations Section 1.882-5 will be considered a BEAT payment).

Payments made in the ordinary conduct of business are excluded, such as cost of goods sold (COGS) and labor, plus qualifying derivative instruments, and other eligible service payments. (This should be addressed specifically in the proposed regulations due out for comment later this year; check IRS website for schedule dates.)

Although BEAT applies to foreign corporations with effectively connected income (ECI), it does not appear to exempt payments to foreign-related entities that treat such payments as ECI. Also, low taxable income due to net operating losses or large credits against regular tax may trigger BEAT.

B2B Lead Generation and Business Marketing Success

To be successful with your b2b trading plan, you need to begin with getting answers to questions about just how you will define your small business marketing success. Thinking about your company and committing your marketing strategy, goals and budget to paper is the first meaningful step towards a successful plan. Planning your marketing will also eliminate knee-jerk spending that usually results in wasting financial resources that do not produce a return on investment.

B2B sales organizations are struggling on three fronts. First, they need to develop flexible multichannel models that can seamlessly handle each type of transaction cost effectively. One major transport and logistics provider, for instance, is investing heavily in its online transaction capabilities to provide more responsive service for simple sales at lower cost while freeing up time for account managers to focus on high-value sales.

Second, contracts for high-value transactions are becoming increasingly complex, often including risk-sharing and service-level agreements as customers ask product supplier or vendors to “put more skin in the game” to ensure that they stay committed to providing real value. An offshore oil-and-gas-equipment business, for example, recently shifted from a standard daily-rate fee structure to one based on run times, or market indexes. In addition to posing challenges for the back office, this approach required sales to develop new skills to create deal structures that maximize the company’s upside while minimizing its risk exposure.

Finally, gone are the days when the same sales representative could offer all products to all buyers. Salespeople are being required to sell more and more products and solutions as a result of industry consolidation, proliferating products, and more sophisticated buyers. Customers are pressuring their suppliers to bring the full depth of expertise to every sale. As a result, B2B companies must decide between having a number of sales forces to sell different products or adding layers of sales specialists who can assist colleagues on the front line.

It’s easy math. The more leads or suitable b2b trade offers you get the more sales possibilities you’ve got and the greater sales possibilities you have got the better are your probabilities of sales growth. The significance of leads to a advertising and income department is similar to the significance of some thing like gasoline to an car—it’s what drives them.

On the quit of the day the quality way to judge your advertising’s fulfillment is with the aid of measuring its increase in sales revenue. Fair warning—to do this you must have a robust stomach. When you start measuring your advertising’s impact on income increase, it’ll to begin with take some adjusting to weed out the advertising that does pressure income. Measuring your sales boom is, however, critical to the long-term fitness of your employer. Not simplest does it serve as an awesome indicator in relation to strategic planning, but it also lets in for identity of growth tendencies.

Effective B2B lead generation strategies begin with drilling down into exactly the types of leads that are most likely to convert into paying customers. Like .. you need b2b trade leads from Indian companies. That means filtering out prospects based on your resources and goals, and narrowing your source.

Don’t be shy in sharing your sales revenue with your employees as well. This often instills a level of ownership with your workforce and reinforces that everyone is in the same boat navigating toward the same end goals.

Why Inventory Management So Important

Holding inventory ties up a lot of cash. That’s why good inventory management is crucial for growing a company. Just like cash flow, it can make or break your business.

Inventory Management Saves You Money

Good inventory management saves you money in a few critical ways:

Avoid Spoilage

If you’re selling a product that has an expiry date (like food or makeup), there’s a very real chance it will go bad if you don’t sell it in time. Solid inventory management helps you avoid unnecessary spoilage.

Avoid Dead Stock

Dead stock is stock that can no longer be sold, but not necessarily because it expired. It could have gone out of season, out of style, or otherwise become irrelevant. By managing your inventory better, you can avoid dead stock.

Save on Storage Costs

Warehousing is often a variable cost, meaning it fluctuates based on how much product you’re storing. When you store too much product at once or end up with a product that’s difficult to sell, your storage costs will go up. Avoiding this will save you money.

A lot of inventory errors can happen at receiving if your inventory management personnel don’t have enough space to work. Avoid giving them a small office at the end of the room. Eliminating receiving errors will relieve you from all kinds of ugly issues later in the selling cycle, like losing time, money, and credibility.

Stock management devices such as bar-code scanners and stock management software can help drastically improve your efficiency and productivity. These tools will help eliminate manual processes so your employees can focus on other, more important areas of the business.

By effectively managing your inventory, you can ensure that you have the right products in the right quantity and avoid products being sold out or funds being tied up in excess stock. Be sure that your perishable products are sold in time to avoid spoilage and prevent your business spending too much money on stock that’s taking up space in a warehouse or stockroom. So how do you avoid the traps of having too much or too little inventory? With inventory management software, of course.

Good inventory management software should:

Reduce costs, improve cash flow and boost your business’s bottom line
Track your inventory in real time
Help you forecast demand
Prevent product and production shortages
Prevent excess stock and too many raw materials
Allow for easy inventory analysis on any device
Be accessible right from your retail point-of-sale (POS) system
Optimise warehouse organisation and precious employee time
Offer quick and painless bar code scanning to speed up intake
Allow for multi location management, tracking inventory across several locations or warehouses

Inventory management is the part of supply chain management that aims to always have the right products in the right quantity for sale, at the right time. In doing this effectively, businesses reduce the costs of carrying excess inventory while maximizing sales. Good inventory management can help you track your inventory in real time to streamline this process.

Tax-filing with Free File – Pros and Cons

If you’re doing your own business taxes, you need a good tax software program. Whether you want to maximize your credits and deductions, or avoid penalties and audits, you need to be sure you’re partnering with a great company. Incomplete forms and inaccuracies are unforgivable when it comes to taxation, so it’s important to select software that’s going to do the job right the first time.

IRS Free File Software

Might be good for you: If you want a variety of options to choose from. IRS Free File Software allows you to prepare and e-file your taxes for free through certain brand-name software.

May not be the best: If your adjusted gross income in 2017 was more than $66,000, you cannot use IRS Free File Software to file your 2017 taxes.

Pros

Works with multiple free brand-name software programs. The IRS website lists a dozen free-file software providers.

Help choosing a provider. By answering some basic life questions such as your income, age and state of residence, the Free File Software Lookup Tool can help you choose a Free File Software provider for your tax situation.

Cons

There’s an income limit. You can’t use IRS Free File to file your 2017 tax return if your AGI exceeded $66,000 in 2017.

You may not qualify for all the business automation software available. Each software provider may have its own eligibility requirements, and you may be restricted based on your age, state of residence and/or military status.

You may have to pay to file your state taxes. Some companies will allow you to also file a state return for free, while others will charge. You’ll need to review each company’s offering to find out if a state return is included in the free e-filing service.

So, What is unique about Free File?

Completely free taxation platform. Free File allows taxpayers to choose their preferred company to prepare and efile tax returns for free. It is also combined with direct deposits to enable users to obtain refunds in a shorter period of time.

Free fillable forms. The Free File Fillable Forms offers taxpayers a convenient way to fill IRS forms electronically. It is an excellent option for taxpayers used to preparing and filing income taxes on their own.

Tax breaks. Free File features a question-and-answer format which is instrumental in helping eligible taxpayers to find tax breaks. Some of the possible tax breaks reserved for taxpayers could consist of credits like the earned income tax credit and more.

Easy online extensions. If for any reason you fail to finish your tax return by the deadline, you can request a six-month extension using the Free File. However, the extension to file your returns will not mean an extension of the time to pay.

IRS partnership. This service is, in fact, a result of the partnership between the International Revenue Service (IRS) and the Free File Alliance, a union of the leading private sector tax preparation institutions.

Business Profit Versus Cash Flow

Cash flow and profit are two different financial parameters, but when you’re running a business you need to keep track of both. Here’s how they’re different, why they’re both important and how they intersect with other corporate issues, especially when a company grows rapidly.

A business can be profitable and still not have adequate cash flow. In the worst case, insufficient cashflow in a profitable business can send it into bankruptcy. For example, you’re making products and selling them at a profit. But your product goes through a long sales chain and some of your biggest and most important wholesale customers don’t pay on invoices for 120 days.

Cash flow is the amount and timing of the payments you receive and the expenses that you pay. Specifically, when the money is actually deposited into your bank account or given to you as cash it can be counted as an inflow in your cash flow. When you pay for an expense and the money leaves your bank account or you pay an expense in the form of cash you have on hand, that money is counted as an outflow in your cash flow on that specific day.

Cash flow refers to the inflow and outflow of money from a business. Managing cash flow effectively is necessary for running daily operations, paying taxes, purchasing inventory, and paying employees and other costs. Unlike profit, cash flow is an indicator of how much actual cash is available to a business at any given time.

Your sales may be growing and the money keeps pouring in, but that doesn’t mean you’re making a profit. If you borrow money to solve the cashflow problem, for instance, the rising debt costs that result can raise your costs above the breakeven point. If so, eventually your cash flow will dry up and eventually your business will fail.

A positive cash flow is actually needed to generate profits. You need enough cash to pay your employees and suppliers so that you can make goods. It’s the sale of those goods that helps generate a profit. But if you don’t have the money to make the goods, you don’t end up with the profit. So you really need to structure your business to have a positive cash flow if you want your business to grow and increase profits.

Profit, also called net income, is what remains from sales revenue after all the firm’s expenses are subtracted. It’s obvious in principle that a business cannot long survive unless it is profitable, but sometimes, as with cash flow, the very success of a product can raise expenses.

It may not be immediately apparent that this is a problem. In other cases, you may be aware of the problem, but believe that by reducing production costs you can restore profitability in time to avoid a crisis. Unfortunately, unless you have a clear understanding of all the relevant cost data, you may not act effectively or promptly enough to make the firm profitable again before it runs out of money.

Profit is typically the best indicator of a business’s success as it reflects its ability to actually generate value. No business can truly last long-term without generating a profit.