Home sales: How to determine your “basis”
The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine your “basis.” How it works You can claim an itemized deduction on your tax return for real estate taxes and home mortgage interest. Most other home ownership costs can’t […]
Simple retirement savings options for your small business
Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the administrative burdens involved in providing a traditional pension plan? Two relatively easy options are a SEP or a SIMPLE plan. When you set up a SEP for yourself and your employees, you’ll make deductible contributions to each employee’s SEP-IRA. The maximum amount of deductible contributions that you can make to an employee’s SEP-IRA, and that he or she can exclude from income, is the lesser of 25% of compensation and $58,000 for 2021. For 2021, SIMPLE deferrals are up to $13,500 plus an additional $3,000 catch-up contributions for employees age 50 and older.
5 Leasing and Maintenance Services to Streamline Property Management
Leasing a unit can be cumbersome, often entailing many tedious steps from start to signing. The same can occur with maintenance requests, in response to which residents have come to expect on-demand service. The following new and noteworthy software platforms, dashboards, and mobile apps are designed to give residents instant and seamless communication with community […]
Property Investment Strategies To Consider In 2021
As 2021 kicks off, there are still various unknowns going on in the world. You might be wondering what rental investing, and specifically your rental investing strategy, is going to look like this year. Since last year took many unexpected turns, it can be frustrating to reflect on all of the things you were unable […]
Using Technology to Create a Contactless Self-Storage Customer Experience
In the wake of the coronavirus pandemic, self-storage operators have been forced to rethink their business strategies. Technology, which was already becoming a core industry asset and market differentiator, is rapidly becoming an essential component of any resilient business. It’s more important than ever for facility operators to ensure they’re providing a safe, sustainable experience […]
Analytics Cut Maintenance Costs
The cost associated with unplanned downtime is a problem faced by companies across multiple sectors. According to market-data specialist Statista, New York, NY (statista.com), in 2020, 25% of respondents globally reported the average hourly downtime cost of their servers was between $301,000 and $400,000. This is a large price to pay for inefficiency, especially when there […]
2021 Manufacturing Industry Trends: The Future is Here with Industry 5.0
We all agree, 2020 was unlike any other year in recent history, with US manufacturing feeling the impact. The pandemic forced shutdowns, supply chain shortages and in many cases decreased demand due to economic uncertainty. But the pandemic has also increased collaboration between humans and smart systems and sped up the move from Industry 4.0 […]
State Income Tax and PPP Loans: Don’t Assume Conformity
In the wake of the pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 have provided immediate assistance to the American workforce. While these bills have delivered direct economic assistance to small businesses nationwide, some business owners have been left perplexed regarding the […]
Recruiting During the Pandemic
When candidates ask us how potential employers responded to the pandemic, safety and leadership practices seem to be the main drivers for these inquiries. Manufacturers were among the first to have their employees return to work and have successfully focused on safety and collaboration, as well as regulators. GNS North America, a leading Tier One […]
Automating ‘high level’ healthcare tasks can create high value savings
With the recent influx of data across the healthcare industry, the time to fully implement artificial intelligence and machine learning is now, according to Brandon Sim, the chief technology officer and chief operating officer at ApolloMed, a tech-powered healthcare management company. “Especially because recent CMS regulations are going to force electronic health record companies to […]
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