Employers Can Defer Payroll Taxes
One of the benefits included in the COVID-19 epidemic stimulus package is the ability of an employer to defer payment of the employer’s share of certain federal payroll taxes. The deferral applies to the employer’s 6.2% share of the Social Security (OASDI) payroll tax. The deferral does not apply to the employer’s 1.45% share of […]
Q&A: Understanding SBA Disaster Loans and What They Mean for You
If you’re a small business owner struggling financially due to the COVID-19 outbreak, there is help available. The SBA is offering Economic Injury Disaster Loans of up to $2 million – here are answers to the FAQs. Q: How much funding can I get? Small businesses that need support through the disaster recovery period can […]
Businesses Score Big Tax Benefits with the CARES Act
As part of the stimulus package to help offset the financial damage inflicted on businesses as a result of the COVID-19 crisis, Congress restored the ability of businesses that suffer a loss to carry those losses back and recover taxes paid in prior years. The limitation on business interest deductions has also been relaxed, as […]
Manufacturing Technology In the New Year
Technological innovations are having an explosive impact in the manufacturing sector. A recent article from Industry Week makes some predictions for the direction of manufacturing technology in 2020. Additive Manufacturing (AM) – This refers to technology such as 3D printing, where materials are joined together, usually layer by layer, to create new objects. Advances in […]
Industry 4.0: What You Need to Know
The value of the Industry 4.0 market is predicted to exceed $150 billion within the next five years—so what do you need to know about it? A recent article from Industrial Machinery Digest offers an overview of the technologies it includes. 5G Connectivity – This is the fastest and most reliable wireless network to date. […]
What Manufacturing Will Look Like In 2020
What does this year hold for the manufacturing industry? A recent article from Manufacturing Business Technology makes three key predictions about what will impact the industry most in 2020. 5G-Connected Manufacturing Devices – The incidence of 5G connectivity between manufacturing devices is predicted to skyrocket in 2020. This type of connection is lightning fast and […]