Professional Woodworkers Sharing Business Strategies

Year-end equipment buys fit the bill

Wednesday, 03 December 2008 13:53

The fourth quarter of the year is when many publicly traded companies prop up their performance records to show more favorable year-end results. The owners and operators of many woodshops and businesses also “cook the books” for their smaller, more closely held woodworking businesses, taking advantage of the tax rules for year-end equipment acquisitions.

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Cost of learning CNC is well worth it

Tuesday, 04 November 2008 16:20

If you are considering a CNC purchase, one of the thoughts that will pass through your mind is: Will this investment work for my business? While every situation is different, there are factors to consider before a potential purchase that can make the final decision somewhat easier.

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Gain cash, personal rewards as a teacher

Friday, 03 October 2008 20:14

Making a living at woodworking has always been a struggle for custom furniture makers. We’re all looking for a way to improve our cash flow, especially during times of economic downturn, and teaching is one such possibility.

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Tax man cometh with deductions for you

Monday, 29 September 2008 19:20

Imagine an enjoyable and educational vacation with Uncle Sam, in the form of our tax laws, picking up part of the tab. That’s right, every woodworking business, the owner and employees of that business (even someone who is a shareholder/employee), can legitimately claim an income tax deduction for the expenses paid or incurred in attending trade shows, conventions and meetings.

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Prepare in advance for IWF's offerings

Written by A.J. Hamler Wednesday, 27 August 2008 15:40

With so many exhibitors and so little time, mapping out your trip beforehand can help you cover the most ground in Atlanta

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