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A shortage of truck drivers is one of the long-term supply-chain problems impacting the furniture industry. And it’s why the Home Furnishings Association supports a proposed pilot program aimed at bringing younger drivers into the profession. The Federal Motor Carriers Safety Administration recently announced plans to study the feasibility of
HFA members should use the recent rioting and looting across the country to take a second look at their property insurance coverage, says a consultant for Solution Partner Arthur J Gallagher. Nik Levin says retailers sometimes underestimate the value on their property — either unknowingly or to save money on
The Home Furnishings Association and industry allies have written to key lawmakers in Washington, D.C., to thank them for their work in enacting an important tax break. Furniture retailers can utilize the new provision to help them upgrade interior portions of their stores and warehouses. “On behalf of the undersigned
The Coronavirus Aid, Relief and Economic Security Act delivers strong tax benefits to furniture retail businesses. [HFA webinar: What the $2.2 trillion relief bill means to your business] Employee Retention Tax Credit One benefit is the Employee Retention Tax Credit. This is a credit against applicable employment taxes (Social Security,
Hundreds of lenders — from national institutions to small-town banks — are preparing for a deluge from small businesses this month seeking financial help from the coronavirus economic fallout. The $2 trillion CARES Act signed into law last month by President Trump includes $349 billion for a federal small business
“The Home Furnishings Association and its 1,400 retail members across the country welcome the $2 trillion relief package from Washington,” President Jesús Capó and CEO Sharron Bradley said in a statement. “The small and larger businesses in our association want to protect their employees, serve their customers and support their
When California Gov. Gavin Newsom ordered most businesses in the state to close, Kevin and Jennifer Large didn’t take that as the last word. After all, Beautiwood Unfinished Furniture in Fresno had customers waiting. “We are still working for you!” Jennifer wrote on the business Facebook page. “We are lucky
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