This article dissects the new legislation from the IRS that requires more documentation for those filing research and development tax credits. The IRS gave a three-month warning, and these changes are expected to be forced on January 10. In addition to more substantive documentation, there is also a chance that taxpayers “will no longer …
This article discusses how operating in the agricultural industry can be rigorous and challenging. However, by taking advantage of emerging trends such as blockchain technology in order to have a transparent view of your supply chain, regenerative agriculture, electronic vehicles for your farm, and harvesting plant-based proteins, you will be set up for success …
This article explains how research and development teams sometimes find difficulties when working together. Some difficulties may include using various work styles, different time zones, and different experience levels. Hybrid manufacturing teams need to move fast now more than ever, so delays in communication through “phone tag, unread emails or missed messages significantly halt …
This article discusses how the Agritech industry not only made it through the pandemic but saw skyrocketing numbers and investments throughout the past two years. As the world continues to become highly digitalized, the agricultural industry is no exception. For example, Internet of things devices, next-generation Internet connections, and autonomous agricultural machinery are technological …
This article explains how research and development teams sometimes find difficulties when working together. Some difficulties may include using various work styles, different time zones, and different experience levels. Hybrid manufacturing teams need to move fast now more than ever, so delays in communication through “phone tag, unread emails or missed messages significantly halt …
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 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 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 …
