The Senate passed the “Small Business Paperwork Mandate Elimination Act,” repealing the onerous 1099 tax reporting requirement established in the health care overhaul passed last year. The 1099 provision would have required businesses to send a 1099 tax form and collect W9 information from every vendor it purchases more than $600 worth of goods or [...]

While the recreational boating industry is on the mend, expectations of a 10-percent increase in sales this year have been tempered by rising gas prices and economic unease following the Japan earthquake, according to a report from CNBC. The news outlet predicted it could take at least two years before powerboat sales return to 2007 [...]

YKK Corporation of America (YCA), a subsidiary of global fastener manufacturer YKK Corp., elected Alex Gregory chairman of the company’s board of directors. Gregory was named president and CEO of YCA in 2001, and will continue to serve in that role in addition to his duties as chairman of the board. “We develop hundreds of [...]

MarChem CFI appointed Cameron Weldon its upper Midwest regional sales representative. Weldon has 18 years of experience in the textile industry, primarily with Astrup and Tri Vantage. Based in Oakwood Hills, Ill., Weldon’s territory encompasses Minnesota, Iowa, Missouri, Illinois, Wisconsin, Michigan, Indiana, Ohio, Kentucky, West Virginia, and far western Pennsylvania.

The 2011 American Boating Congress, the recreational boating industry’s legislative conference, took to Capitol Hill in May to discuss with the country’s lawmakers key policy issues facing the recreational boating industry. More than 175 members from 26 states and Canada attended. Featured speakers at the two-day event addressed critical economic concerns and legislation, providing a [...]