In this article, Silicon Valley looks to persuade smaller companies with rent-a-robot, so that companies can allow paying higher wages to their employees. With the rise in better technology and the need to pay higher wages, venture capitalists are “backing a new financial model: lease robots, install and maintain them, charge factories by the …
This article discusses guidance on the Tax Cuts and Jobs Act pertaining to the general deduction of business entertainment expenses. Because of the guidance put out in 2020, “Taxpayers…must carefully follow the rules set out in the final regulations for substantiating business food and beverage expenses to ensure a deduction is allowed for the …
This article discusses groundbreaking news out of the Cincinnati/Northern Kentucky International Airport that Amazon Air launched an air cargo hub at the location. The $1.5 billion investment will create thousands of jobs that include management, robotics technology, and load planning. This effort is designed to more efficiently “meet the needs of its growing customer …
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 will be a dispute …
This article discusses the industry that might have been disrupted the most by the coronavirus pandemic, the agricultural industry. Although the industry has been slipping since 2015, the pandemic has only highlighted the difficulties the industry is facing. For example, an increase in total delinquency on farm loans has been observed. However, improved trading …
This article discusses a problem that has been witnessed for many years now within the manufacturing industry, filling open positions. Even though entry-level manufacturing jobs offer higher average pay than most, people are still reluctant to work within the industry. Specifically, the article states that “There’s that image of manufacturing beings dark, dirty and …
This article discusses how the coronavirus pandemic has impacted the way people are purchasing businesses and how business owners are selling. In fact, there’s been a rise in investment activity, and it is expected to continue for the remainder of this year. In order to capitalize on these investments, taking advantage of tips such …
This article is designed for business owners that are considering switching from traditional payment to performance-based salaries within their company. The advantages of this structure are the improvements to the recruitment process, increased employee retention and productivity, and sets clear expectations. However, the cons are that it is risky, can create a negative work …
This article discusses the sad reality of how fewer than 1/3 of family businesses are successively handed down to the second generation. However, utilizing the tips outlined in this article such as starting your succession planning early, including family members in discussions, training, and sticking to the facts can all set your family business …
This article discusses how the coronavirus pandemic hit the food services, restaurant, and agricultural industries very hard. However, by utilizing and gaining an understanding of emerging trends, these industries can make a huge leap forward this year. For example, foods that classify as immune system boosters, adventurous ingredients, organic and local food, and meat …
