Category: Business

Distributed Workforce Businesses Are Facing Challenges as They Adapt to Remote Employees

According to one recent study, nearly half of all employees switched to working remotely in 2020 during the onset of the COVID-19 pandemic. Almost overnight, local and state lockdowns went into effect on all services deemed non-essential — meaning that people suddenly had to adapt to a working situation that couldn’t be more foreign to […]

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Entrepreneur Success Stories: How R. J. Scaringe and Rivian Built an Electric Truck Company From the Ground Up

Based in California, Rivian is an American automotive manufacturer that specializes in electric vehicles. Originally founded back in 2009, the company now has manufacturing plants in Illinois, Michigan, California, Vancouver, and England. Designing cars intended for both on and off-road driving, the organization currently employs more than 7,000 people as of 2021.You may have heard […]

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Employers Hiring New Employees May Be Able to Claim a Work Opportunity Tax Credit

Article Highlights:Potential CreditEligible EmployeesCredit DeterminationCertification ProcessOther IssuesThe Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and workers’ and customers’ fears of contracting the illness resulted in businesses closing or temporarily cutting back and laying off or furloughing millions of employees. In April 2020, the unemployment rate reached 14.8%, […]

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The Obscure Research Credit

Article Highlights:Credit PurposeCredit AmountSimplified Credit CalculationFailure to Take Advantage of the CreditSmall Business FeaturesQualified Research ExpensesBusiness QualificationsAn obscure tax credit—generally referred to as the R&D (research and development) credit—was originally added to the tax code in 1981 as a two-year incentive for businesses and has been extended every year since, until it was recently made […]

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