This article explains why hyper-automation is the solution for companies attempting to automate simple routine procedures. Hyper-automation is defined as ” end-to-end automation that combines complementary technologies such as deep learning, advanced analytics, machine vision, natural language processing, RPA, and artificial intelligence to augment business processes.” To discover if end-to-end automation can deliver substantial …
This article explains the new inflation adjustments that are being made by the IRS issued through Rev. Proc. 2021-45. The IRS also cautioned that “with legislation pending in Congress that might affect 2022 tax returns, taxpayers should consult future IRS guidance to determine if the adjusted amounts in Rev. Proc. 2021-45 remain applicable in …
Valeria Alterman and Ariane Froidevaux delve into research on various retirement options for small business owners. They look into their custom model of retirement decision options for small business owners to separate from their business, all based on “the ‘proximity’ of the business to the individual once the decision has been made.” The four …
This article discusses a variety of trends that are expected to have a significant impact in the coming year on the agricultural and food industry according to Whole Foods. For example, indoor farming and greenhouses, the use of Yuzu, and the popularity of non-alcoholic beverages among millennials and Gen Z members are not expected …
This article explains why manufacturers should steer away from old traditions and embrace digital technologies. Manufacturing companies are under pressure for finding new ways to cut costs, boost productivity, improve profitability and optimize consumer experiences. Some manufacturing companies are gaining a competitive advantage over other companies because they have implemented “Internet of Things technology …
Too often CEOs of a company will procrastinate the succession of their company to the next generation. This may happen since the idea of retiring from a business can be too difficult to embrace. Another reason is if the CEO decides to hand off the reigns to the family, there could be a dispute …
This article explains why and how keeping money within the hands of the people you trust will help you in the future. Heirs could be responsible for “paying federal income taxes on either assets or retirement accounts, and if you plan poorly, your money could end up in the hands of an ex-spouse or …
David has dedicated the entirety of his professional accounting career to serving on the De Boer Baumann & Company team. He initially joined the firm as an intern in January of 2019 then was welcomed to the team fulltime in July of that same year. David currently serves as a staff accountant and recently …
As farm owners incorporate more and more technology into their operations, the risk of falling victim to cybercriminals grows. From phishing attacks to ransomware and more, farmers should be aware that they are being targeted and that they are vulnerable, writes Mitch Galloway in a recent article for Michigan Farm News. Awareness and diligence …
Farm owners seeking to make big-ticket purchases should be sure to plan carefully before doing so. Creating a capital expenditure budget is the first step to take before making a big purchase, writes Sara Schafer in a recent article for AgWeb. Crafting this type of budget requires accounting for your past activity, your cash …
