Finance

Innovation is a tricky subject for tech companies. On one hand, they can surge ahead of the competition by making technological breakthroughs. On the other, it can be difficult to justify the costs of research and development when less disruptive products can still sustain a business. Tax incentives seek to make things easier.

The government offers several promising tax cuts and similar programs that can spur innovation. Here’s a closer look at how.

As entry barriers to cybercriminality have lowered, the severity of phishing attacks has increased. The financial sector remains among the leading targets for bad actors, indicating that information technology (IT) teams will soon face a surge of threats. How can they protect themselves?

Taking your business public is a significant milestone that can open new opportunities for growth and expansion. Going public can provide access to substantial capital, increase your company’s visibility and enhance its credibility. However, the transition of an initial public offering (IPO) also brings new challenges.

To achieve success, careful preparation and thoughtful planning are essential. There are numerous considerations to have in mind, and knowing each of them will be critical to ensuring public ownership is a good decision.

AI has proved invaluable to the business and financial technology sectors as an accurate, reliable tool. Naturally, it has made its way into tax preparation and auditing — and is reshaping long-held standards. Will it permanently transform business tax planning?

Financial technology (fintech) products can help people associated with small and medium-sized businesses (SMBs) streamline many daily processes. However, adopting new technologies can cause uncertainties, even in highly motivated individuals. 

Change Resistance

Most humans naturally hesitate to make significant changes despite recognizing the associated benefits. That’s primarily because they prefer the familiarity of current processes since doing things differently almost always requires an adjustment period. 

Most small business owners know how important technology is to their business. It allows them to compete with further-established organizations and achieve more growth. Yet, budget constraints often keep business owners from investing in the latest tech. 

Instead of investing in every innovation, consider optimizing your budget by focusing on your business's most important tech upgrades.