State of the Industry Report

Mar 20, 2024

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Business Economics

Related Content

Court Rules Federal Overtime Rule Invalid Setting Aside National Implementation

In a highly anticipated decision, a federal district court in Texas ruled on Friday, November 15, 2024 that the soon-to-be effective federal Fair Labor Standards Act (FLSA) Overtime Rule cannot be implemented. The district court held that the Department of Labor (DOL) exceeded its authority by raising the “threshold” salary that employees must be paid before they qualify as being exempt from receiving overtime wages.

PRINTING United Alliance Urges Congress to Make Tax Relief for Small Businesses Permanent

The introduction of Section 199A under the Tax Cuts and Jobs Act (TCJA) of 2017 provided a pivotal tax benefit to small businesses structured as pass-through entities. By allowing these businesses to deduct up to 20% of their qualified business income (QBI) from individual tax bills, the deduction has fostered economic growth and supported businesses like S-corporations, LLCs, sole proprietorships, and partnerships. However, with the provision set to expire on December 31, 2025, small businesses are bracing for a significant tax hike that threatens their stability and growth.

Proforma Printhouse Acquires Fourth Business in Four Years

Tampa, Fla. – Proforma, the $650 million technology and business success leader, is pleased to announce a strategic partnership between two of its distributor companies. Proforma Printhouse and Proforma Marketplace, an established leader within the print and promotional products industry and within the Proforma network, will be joining forces as of November 1, 2024.

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