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3 Ways Staffing Firms Can Use Technology to Increase ROI

In today’s technology-driven world, successful businesses across all industries must constantly be adapting to and utilizing new solutions and technologies to stay ahead of the curve. In the staffing industry, agencies are using internet-based solutions to boost the reach of their job postings and meet with candidates wherever they are online. Never has this been more obvious or important than in 2020, when virtual interviews have become the norm.

For busy real estate agents, keeping track of every business expense, and figuring out which expenses are deductible, is probably last on your list of priorities. And it can be especially complicated for independent real estate agents, whose taxes are generally not withheld from commission checks, and who have additional tax liabilities as self-employed individuals.

Are your financial planner and CPA working together as a team on your behalf? For many people, this isn’t the case—but it should be. By incorporating tax planning into your investment strategy, you can make better informed decisions to maximize your dividends while maintaining tax efficiency.

New Hampshire Governor Chris Sununu has authorized the allocation of $100 million from the CARES Act Coronavirus Relief Fund for MSRF 2.0—a second round of funding for the Main Street Relief Fund (MSRF), a program providing economic support to New Hampshire small businesses suffering from business interruptions as a result of COVID-19.

The IRS recently announced per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2020. Employers using these rates to set per diem allowances can treat the amount of certain categories of travel expenses as substantiated without requiring that employees prove the actual amount spent. However, employees must still substantiate the time, place and business purposes of their travel expenses.

You’d be hard-pressed to find a business that doesn’t value its customers, but tough times put many things into perspective. As companies have adjusted to operating during the COVID-19 pandemic and the resulting economic fallout, prioritizing customer service has become more important than ever.

Many employers have been forced to implement some form of workforce reduction in order to continue operating during the COVID-19 pandemic. While furloughs and layoffs have a significant and immediate impact on a company’s operations, plan sponsors also need to understand the longer-term effects that workforce reductions may have on participants’ benefits and retirement accounts.

Although many businesses have had to reduce their workforces because of the COVID-19 pandemic, others are still hiring, or may start bringing on new employees in the weeks or months ahead. A thoughtful onboarding program has become more important than ever in today’s anxious environment of safety concerns and compliance challenges.

As the COVID-19 pandemic continues to impact businesses across all industries, business owners are being forced to reevaluate all aspects of their operations and are relying on technology now more than ever before.

With the extended PPP loan application deadline behind us, many borrowers are anxious to start their loan forgiveness application to ensure that their loan funds are forgiven. Currently, borrowers have until 10 months after the end of the loan’s covered period to apply for forgiveness. At that point, if forgiveness forms have not been submitted, any borrowed funds officially become a loan that needs to be repaid.