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Amazon’s Foray into Healthcare

KNOW | TWELVE, JANUARY 2019 

Translating the New Tax Bill for Small Businesses

Business owners have many questions since the passage of the massive new tax bill. This article outlines what’s in the new provision, who it affects, and why you likely don’t need to change a thing to benefit. The most important outcome of the new tax law (officially the Tax Cuts and Jobs Act, or TCJA) was to give a large, permanent tax cut to corporations. But most businesses in the US are small businesses, not large corporations.

 

So rightfully, Congress introduced a provision into the TCJA to create a little more parity, called the deduction for Qualified Business Income (QBI) (also known as Section 199A). This provision, unlike the corporate tax cuts, is strictly for businesses known as “pass-through entities.” In terms of taxation, there is only one corporate entity that actually pays taxes, the C-Corporation.

 

A C-Corporation is usually very large and is primarily structured in order to take on shareholders, as a public company or one that is traded on the stock market. Every other type of business, from a tax standpoint, is known as a pass-through entity. The new deduction for Qualified Business Income (QBI), allows you to deduct 20% of your “qualified business income” from your total business income. For example, if I made $100,000 in profit from selling paintings as an artist, I get to deduct 20% of that — ie, $20,000. This benefit is phased out for individuals making between $157,500 ($315,000 if married) and $207,500 ($415,000 if married) in a number of service-based fields. There are a ton of details and restrictions in this particular new provision, especially if your income falls within the phase-out window, so know that you need to do research or talk to your accountant before you apply it. - Hyperallergic.com  

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Facebook launches Workplace for Good

KNOW | TWELVE, JULY 2018

 

Facebook launches Workplace for Good, a free version of its enterprise product for non-profits

Workplace, an enterprise communications app from Facebook, is launching a new tier of the product called Workplace for Good, which will let non-profits use the product for free. Facebook has always allowed non-profits to use Workplace without fees but is now going to be making a bigger push toopen the product up to charities, educational institutions and non-governmental organizations, regardless of their size.

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Utilize Alexa For Business and Hangouts Chat to Increase Productivity

LOVE | TWELVE, APRIL 2018

Alexa For Business - Many of us are familiar with how we can use voice commands with Alexa at home, but Amazon Alexa is helping save time in the workplace by acting as an intelligent assistant. Alexa can handle tedious tasks like managing schedules, keeping track of to-do lists, setting reminders, ordering supplies or even dialing into conference calls, allowing people to stay focusedon more important tasks.

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Rumors Point to Lower Prices on Ipads & Macbooks This Year

KNOW | TWELVE, APRIL 2018

 

Rumors point to cheaper iPads and MacBooks this year

Rumor has it that Apple may lower prices on iPads and MacBooks this year. The MacBook Air is also rumored to be receiving a less-expensive refresh. The latest report comes from DigiTimes, which has reported that Apple will launch a new 13.3-inch “entry-level” MacBook late in Q2 this year, though its screen size suggests it may be an updated version of the Air, since the MacBook only comes with a 12-inch display. The timeline also matches with WWDC in June.

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Facebook Launches New Lists Feature

KNOW | TWELVE, MARCH 2018

 

Amazon, Berkshire Hathaway, and JPMorgan Chase to partner on US employee health care

A partnership has been announced between Amazon, Berkshire Hathaway, and JPMorgan Chase to cut health-care costs and improve services for their U.S. employees. Together these giant companies employ more than 1.1 million workers and will team up to target technology solutions to simplify the health-care system and remove profit-making incentives. Following the announcement shares of Berkshire and J.P. Morgan fell slightly, while Amazon edged higher. Principals of Amazon, Berkshire and J.P. Morgan noted that the way it will work remains to be seen but they're hoping that their sheer size will help bring the necessary scale and resources to tackle the issue.

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Google’s New Advanced Protection Program and the G Suite Team Released the Asana for Gmail Add On

KNOW | TWELVE, NOVEMBER 2017

Asana for Gmail: The Best of Both Worlds

Asana has been working with the G Suite team and just released the Asana for Gmail add on. With this add-on you can turn your emails into actionable tasks that are tracked in Asana without leaving your inbox. We all spend a significant part of our day in email and these emails often come in fast and furious. So you turn your attention to the new email and forget about the one you were working on. Emails fall through the cracks like this all the time and it can quickly derail work.

Email wasn’t built for tracking to-dos or managing projects and that’s where Asana comes in. Asana is built to help teams plan, manage, and track work and by combining the two in this new Asana for Gmail add-on, you’ll be able to send emails to Asana and get the best of both worlds. Directly within Gmail, you can now turn an email into a task, assign it to yourself or a teammate, set a due date, add it to a project, and include attachments. Once an email and a task are linked, any actions taken in either Gmail or Asana will automatically appear in the Asana sidebar in Gmail or the task in Asana. This add-on will help you turn any email communication into actionable work. https://blog.asana.com/2017/10/emails-tasks-gmail-asana-integration/ 

 

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Google Launches New Site

KNOW | TWELVE, OCTOBER 2017 

The $5 billion battle for Amazon's new HQ is getting even more heated

Amazon is planning a 50,000 person headquarters and bidding for the site is intensifying. While New York is doubling down on their bid on the estimated $5 billion dollar headquarters both Boston and Los Angeles are facing pushback from local residents who are concerned that overcrowding and an increase in the cost of living could affect them as it has Seattle.

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KNOW | TWELVE, JULY 2017

New analysis of GOP health-care bill says 13 million more would become uninsured, fewer than CBO estimate. 

A report issued by the Office of the Chief Actuary of the federal Centers for Medicare and Medicaid Services states that by 2026 there would be 13 million more Americans without health insurance with the House's Obamacare replacement bill, the AHCA.  This number is 10 million fewer people lacking health insurance in the next decade than had been estimated by the Congressional Budget Office. However, the report also projects higher premiums for many customers of individual health plans.

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