Luxury Cars Are Becoming the Go-To for Gen Z Buyers
This article explains that Gen Z is more likely to buy a luxury vehicle partially both because of social media and their upbringing. Almost 1 in 6 Gen Zers drove a BMW as their first car, and 1 in 12 said they have an Audi for their first ever vehicle. Out of the current Gen […]
Luxury Cars Are Becoming the Go-To for Gen Z Buyers
This article explains that Gen Z is more likely to buy a luxury vehicle partially both because of social media and their upbringing. Almost 1 in 6 Gen Zers drove a BMW as their first car, and 1 in 12 said they have an Audi for their first ever vehicle. Out of the current Gen […]
How Busy Factories are Utilizing More Robotics
This article explains that more and more robots are being used on factory floors and assembly lines because there are not enough human workers. Orders for workplace robots increased 40% in the first quarter of 2022 compared to 2021. Worker shortages and rising wages are changing the minds of some manufacturers’ attitudes toward robotics. Manufacturers […]
Pitfalls of Using an Automated Online Platform for Submitting R&D Tax Credits
This article discusses the various pitfalls of using an online service to submit your research and development tax credits. For example, these online platforms cannot replace services such as the funded research rule. Further, accuracy is significantly important when filing this type of tax credit, and having a specialist look over your submission instead of […]
Sharpening Your Knowledge of R&D Tax Credits Could Help Your Business
This article discusses the resource that is the research and development tax credit program. Through this program, various businesses can receive credit from the federal government in order to continue innovating and research efforts. Specifically, to this link, the machining industry should be looking at this program in detail. In order to qualify, the IRS […]
Technology Transforming Businesses Including Manufacturing
This article discusses how although technological advancements were put on pause during the coronavirus pandemic, the industry has seen a boom since then. Specifically, trends such as 5G technology, autonomous driving, and edge computing are not only going to impact the way businesses operate, but are also going to impact our daily lives. Technological advancements […]
Getting a Cost Segregation Study Before Time Runs Out
This article discusses a unique tool that many CPAs do not utilize or even know about. The cost segregation study is a way to recognize the fact that a building depreciates over time due to everyday wear and tear. Specifically, “a property’s elements are divided into two categories: real property, which includes permanent and immobile […]
Electric Vehicle Start-up Begins Production on Electric Semitruck
This article explains that the electric heavy-truck start-up, Nikola, has begun production for its battery-powered version of its electric Tre semi-truck. Production for the electric semi-truck is located at Nikola’s factory in Coolidge, Arizona. The electric version of the Tre is “intended for shorter routes, with an estimated range of about 350 miles.” Nikola plans […]