“There are lots of buzzwords around the IIoT, MES and brilliant factories,” said Bill Metz in the opening of his Smart Industry 2017 presentation on shop-floor visibility, using a tone that implied he was about to discredit those buzzwords. And that’s exactly what the Richards Industries vice president of operations proceeded to
Richards“Digital transformation is all about real-time information enabling operators to run their parts properly and enabling management to determine what is the best strategy for the company, keeping the business case in mind.” Richards Industries’ Bill Metz discussed the industrial valve manufacturer’s campaign to improve plant-floor visibility.
do, stressing to his audience that clinging to buzzwords and bright shiny IoT objects will not yield results in the modern era of manufacturing. A strategic approach will.
The Tax Cuts and Jobs Act (TCJA) curtails business deductions for meals, entertainment and transportation. Under the TCJA, deductions for business-related entertainment expenses, once 50% deductible, are disallowed. Meal expenses related to business travel are still 50% deductible, but the 50% rule now also applies to meals provided on an employer’s premises for its convenience. The TCJA also eliminates employer deductions for providing employee transportation fringe benefits, such as parking allowances and mass transit passes. Contact us for more details.
On December 20, Congress completed passage of the Tax Cuts and Jobs Act. The new law means substantial changes for individual taxpayers. For example, it reduces tax rates for most brackets, nearly doubles the standard deduction and expands the child tax credit. And it provides alternative minimum tax (AMT) and estate tax relief. But it also reduces or eliminates many tax breaks. Most changes affecting individuals are only temporary, generally applying for 2018 through 2025. If you have questions or would like to discuss how you might be affected, contact us.
The recently passed Tax Cuts and Jobs Act includes a multitude of provisions that will have a major impact on businesses. For example, it creates a flat corporate rate of 21% and temporarily provides a new 20% qualified business income deduction for owners of flow-through entities (such as partnerships and S corporations) and sole proprietorships. It also enhances some breaks, but it limits or eliminates many others. The changes generally apply to tax years beginning after December 31, 2017. Contact us for more details and to discuss the impact on your business.
Attracting a new customer is five times more expensive than retaining an existing one. This underlines the importance of delivering a five-star experience that leads to a stronger community and connects with residents on a new level.
Dan Doyle, senior vice president of development at The Beach Co., offers his take on the key areas shaping the industry in the coming year, including renter segmentation, community engagement and customer service.
With multifamily development slowing, it is the perfect time for developers to invest in other real estate sectors.
The new Proqis BTOES Insights report on operational excellence is out, and by a landslide margin (55% to 37%), the most critical challenge for respondents is “improving the company culture.”
Manufacturers’ optimism has risen to unprecedented heights amid the legislative progress made on tax reform, according to the results of the Manufactures’ Outlook Survey for the fourth quarter of 2017.
The global economy is showing renewed strength, with Europe, Japan and many developing nations growing in tandem for the first time in a decade. The brightening international picture is encouraging more hiring in the United States — even among manufacturers, which have been hurt in the past by global competition.