Ask the Accountant

Question: I am starting out as an ad specialty distributor. Is it better to set up my books on a cash or accrual basis for tax purposes?

That is a question to be answered by your CPA. As is the case with all tax laws, the answer is not cut and dry, or simple. It is contingent on many factors, such as how your business is structured, the amount of gross annual sales, and whether or not you inventory items.

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Colliding Worlds: Does This Scare You?

In building our PPAI-award winning FreePromoTips.com program into a valuable resource for the industry, we have always made a conscious effort to keep it out of the radar of the non-industry online community. This is a program with content that specifically is focused on the promotional marketing industry.

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Next Products and Indiana Metal Craft Announce Joint Product

Promotional products industry suppliers Next Products, Shelbyville, Ind.; and Indiana Metal Craft, Bloomington, Ind., recently announced a joint product venture. Utilizing the creativity and U.S.-made manufacturing expertise of each company, they have created a lifetime-guaranteed line of double-walled tumblers, with a pewter medallion protectively placed between the inner and outer walls of the Tritan-constructed tumblers.

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Save the Date

According to Anita Jalbert, vice president of sales and marketing for SunGraphix, Auburn, Maine, a planner or calendar is used an average of eight to 10 times a day over the course of a year or more. That opens the door for a lot of promotional opportunities. We spoke to Jalbert; Dan Finn, owner of Finn Graphics Inc., Cincinnati; and Phil Martin, national sales manager of Warwick Publishing Co., St. Charles, Ill. to find out what distributors should keep in mind when selling calendars and planners.

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3M Announces Second-quarter Sales and Earnings

3M, St. Paul, Minn., reported second-quarter earnings of $2.02 per share, an increase of 5.8 percent versus the second quarter of 2014. Sales declined 5.5 percent year-on-year to $7.7 billion. Organic local-currency sales grew 1.8 percent and foreign currency translation reduced sales by 7.3 percent year-on-year.

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