Question: Do I have to collect sales tax for out-of-state sales? It depends, and it’s complicated. State governments would like to collect as much sales tax as possible and, with declining revenues over the last several years, are looking to every possible source.
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This year is going to be one of strength and growth for the promotional products industry, and I have four (completely unscientific) reasons why.
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What you can do to help out victims of the disastrous storms that hit the U.S. South this week.
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News of the serious economic challenges of many states across the country is not just hearsay any longer. From the East to the West Coast, the nightly news is dominated by reports chronicling state and local governments struggles in dealing with significant budget shortfalls.
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I didn’t actually check out the demographics to see how many of our readers were mired in this East Coast rain-a-thon. But, for those who are, here are a couple of feel-good items for a rainy day (at least on the East Coast).
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Love them or hate them, there is apparently no denying (or perhaps even slowing) the clothing juggernaut that is American Apparel. In a tight credit market, in a state that may be bankrupt in two months, Dov Charney finds a way to move forward:
From American Apparel:
Dov Charney, chairman and chief executive officer, commented, “We are pleased to have secured these extensions to our loan maturities given the current difficulties in the credit markets. We have also had discussions with our lenders about the possibility of lengthening the maturity of our debt into 2010, and we will continue these discussions while we