This article discusses a potential change that could be occurring for taxpayers that receive the research and development tax credits. Currently, immediate expensing is allowed for taxpayers who are granted R&D credits. However, the Tax Cuts and Jobs Act is set to eliminate immediate expensing starting in 2022. This Act operates under an amortization …
This article discusses how the coronavirus pandemic forced many employees to look towards their 401(k) plan in order to borrow cash for personal financial burdens. However. “About 47% of employees who took a retirement loan say they ended up taking more than they needed,” according to research from Voya Financial. Through the years, more …
This article discusses how farmers are looking at 2022 as a recovery year and are expecting new technology and taking advantage of climate conditions to be a vital piece in that process. For example, increased use in aerial imaging, efficient water management, indoor vertical farming, and data integration are all trends to be educated …
This article shows how manufacturers can implement AI and smart edge computing into their factories without having to ramp up infrastructure investment. Smart edge computing enables robots to continue to do their jobs with or without a strong internet connection. Edge computing also is cost-effective and has reliable security because edge systems are decentralized. …
This article explains why family businesses continue to generate 70-90% of global GDP annually. Ernst and Young reported that “the largest 500 family businesses constitute the third-largest economic contribution in the world by revenue and employ 24.1 million people worldwide.” Family businesses will thrive if they continue to follow four categories: the nature of …
