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Leaders Turn To Real Estate To Offset Expenses, Refocus The Office’s Purpose

Allwork

According to the 2022 Refocus and Rationalize the Workplace study from FM:Systems, leaders are increasingly focusing on slashing their real estate costs over the next few years. . Access to fully-equipped offices (32%) . Rightsizing office space is the name of the game as companies prepare for an economic downturn. .

Expenses 130
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Unveiling the Hidden Potentials of Remote Work Productivity

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By spring 2022, this figure rose to 9%. Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally. By spring 2022, this figure rose to 9%, as businesses became adept at remote work practices and invested in supporting technology.

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

For 2022, freelancers will pay 15.3% Generally, the expenses involved in operating your business or side hustle can be tax-deductible. So you can’t just go on vacation or buy a new car and claim it as a deductible business expense. in FICA taxes , which contribute to Social Security and Medicare.

Filing 278
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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

From Colliers’ 2022 Innovation Summit , we gather that 60% of companies will only need 50% to 70% of their existing office space in the coming three years. After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. Are your meeting rooms well-equipped for the future?

Policies 300
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Lessons From Past Recessions

Success

As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. brokerage accounts, selling a second car or hobby equipment, potentially downsizing, etc.)? How much cash can I quickly access if needed (i.e.,

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The Post-Covid Economy Demands a Hybrid Office Concept | Virtual Offices and Remote Workers Drive Innovation and Productivity

Allwork

But flash forward to 2022, and flexible working has never been more relevant. . Companies that may have been on the come up have suddenly found themselves tied to an expensive long-term office lease that they are contractually bound to. Employees agree, too.? . enjoy the camaraderie of a managed office space.

Equipment 265
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Small business tax credits and deductions you should know about

BMT Office Administration

IRC § 179 deduction for depreciable business assets Normally, when you buy a piece of office equipment, you must depreciate it over the number of years of its useful life. million of the cost of qualified property—machinery, equipment, standardized computer software, and improvements to nonresidential buildings—placed into service in 2023.

Payroll 98