From 2001 through 2022, the average monthly growth in the workforce slowed to 0.6% year over year, which has caused many manufactures to turn to artificial intelligence (AI) to enhance production and quality control on factory floors. “Machine learning, which falls under the umbrella of AI, will be the gateway to adopting AI at large …..
Today, geographic borders no longer constrain commerce. Companies operate on a global scale and increasingly deal with external forces across the footprint of their supply chain, digital networks, distribution channels and consumer markets. Read more at The Hartford
As a manufacturer, you’re always on the lookout for potential savings. Surely you have many cost-cutting measures in place — but do you really know where the money is going? Do you have a sense for your operational inefficiencies and materials waste? Is it possible there’s more you can be doing to optimize and save? …..
In the present scenario, the construction industry is going through a major shift. Be it economic uncertainty, innovations, construction workforce dearth, as well as other aspects, all have forced building companies to alter the way they work and deliver their respective projects. Let us take a look at how construction trends happen to shape the …..
The new year is a time for reflection. It’s a time to reassess business goals, staffing needs, processes and more. As you begin planning for the new year, it is important to review what is going well and the opportunities for improvement that can help optimize your business’s efficiency, reputation and profitability. Here are the …..
It looks like 2024—for good and for bad—might have some surprises in store. Steve Spaulding As we close out 2023, most of the major economic indicators look positive, with some surprisingly good. One key leading indicator, architectural billings, predicts a solid 2024 for the construction market, with a slower rate of growth than 2023. According …..
Why on earth, you may ask yourself, would I care about being a good client to my tax prep professional? I mean, you are a paying client and aside from treating them with the same decency and respect that you would show any other random person, who cares – right? Wrong! What’s in it for …..
It’s your time to shine Who is your favorite author? What is the best book you’ve read? Not a big reader, but The Great Gatsby What is your favorite movie and/or TV show? Movie – Saving Private Ryan or Cars, shows right now Reacher and Love Island What did you want to be when …..
According to the United States Department of Labor’s Consumer Credit Protection Act (CCPA), wage garnishments are a complex legal process for employers to account for when it comes to employment matters. This article specifically refers to Title III of the Consumer Credit Protection Act. Usually authorized through a court order, a wage garnishment directs an …..
Every year, the IRS announces annual inflation adjustments related to tax rate schedules, deductions, cost-of-living adjustments, etc. What many taxpayers do not realize is that they also adjust the cost of fines and penalties as well. This means that the penalties for late filings and missing tax forms are getting more expensive. In this article, …..
The emergence of digital currency is reshaping how businesses operate and account for financial transactions. As accounting professionals navigate this transformative wave, understanding the profound impact of digital currency on business accounting becomes not just relevant but imperative. What is digital currency? Digital currency is a form of currency that exists only in electronic or …..
Unless you’re near retirement, chances are you’re depositing a certain amount of cash each year in your IRA at tax time, not thinking much about it until the next year. This dynamic can cost you a lot of money – today and at retirement age. Here are a few ways to make all your hard-earned …..
The construction industry recognizes the increasing significance of intellectual property (IP) in its operations. As technology and innovation play a pivotal role, protecting ideas, designs, and proprietary processes has become crucial.
Bold Moves: Meet Jason Ballard, the young CEO revolutionizing construction with 3D printing! His company, Icon, aims to create faster, cheaper, and hurricane-resistant homes and is teaming up with NASA for lunar 3D printing.
Diving into Construction Procurement! Acquiring goods, services, and labor for your project? Explore the diverse methods at your disposal. Check out our breakdown of the four main procurement methods – each with its own set of pros and cons.
The $10 trillion construction industry is leveraging artificial intelligence (AI) to enhance efficiency and boost global economic contributions. AI-driven tools automate various construction stages, from design to maintenance, offering financial benefits such as improved visibility, faster payments, and collaboration. Learn more about how AI will integrate in the construction industry by reading the full text …..
As a construction business owner, the thought of an IRS audit can be nerve-wracking. Despite the low annual audit rate (1-2%), recent changes, like the Inflation Reduction Act of 2022, hint at a more vigilant IRS. This article provides a great guide to navigate potential pitfalls.
In light of our current economy, making sure your money works hard for you is one of the best things to do this year. Here are some ways you can navigate your financial situation, keep tabs on where you are and adjust if you need to. Shop for a higher return on savings. These days, …..
One of the most devious and often underestimated dangers in cybersecurity comes from within an organization. These dangers originate from individuals within the organization who have access to sensitive data and systems, making them potentially dangerous adversaries capable of causing significant harm. Understanding, identifying, mitigating and preventing these internal security risks are paramount for safeguarding …..
The Continuing Appropriations Act, enacted at the end of 2022, included several provisions that impact retirement plans going forward. Specifically, the legislation enacts SECURE 2.0, an updated version of the Setting Every Community Up for Retirement Enhancement Act of 2019. The following provisions are financial planning considerations that affect individuals. Increases Catch-up Contributions Beginning in …..
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