The COVID-related Tax Relief Act of 2020 was enacted as part of the Consolidated Appropriations Act of 2021. The COVID-related Tax Relief Act of 2020 amended the CARES Act to specify that no deduction would be denied, no tax attribute would be reduced, and no basis increase would be denied by reason of the exclusion from gross income of the forgiveness of an eligible recipient’s covered loan. The change applies for tax years ending after March 27, 2020.
Both the Treasury Department and IRS have provided guidance towards allowing deductions for payments of eligible expenses. These payments are expected to result in the forgiveness of a loan that is under the Paycheck Protection Program (PPP).
Optima Tax Relief provides guidance on the Revenue Ruling 2021-02 which dictates that eligible taxpayers may not deduct certain expenses to the extent that the payment of the expense in question is expected to result in the forgiveness of a loan guaranteed under the Paycheck Protection Program. This new guidance reflects changes to the COVID-related Tax Relief Act of 2020 which was signed into law on December 27, 2020.
Revenue Ruling 2021-02 obsoletes Notice 2020-32 and Revenue Ruling 2020-27. This obsoleted guidance disallowed deductions for the payment of eligible expenses when the payments resulted (or could be expected to result) in the forgiveness of a covered loan.
The new COVID-related Tax Relief Act of 2020 has amended the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and details that any amount that would otherwise would be included in an eligible recipient’s gross income by reason of such forgiveness would be excluded from gross income.
For more information about this, the COVID-related Tax Relief Act of 2020, and other tax changes, visit IRS.gov.
Optima Tax Relief investigates Eligible Expenses that are now Deductible through the Paycheck Protection Program was last modified: February 1st, 2021 by Addison Yes
Building Information Modelling (BIM) has given architects greater control of the surveying and modeling of projects. It has also further enabled greater collaboration between architects, engineers, contractors, and stakeholders helping make better decisions on projects. As more of what was perceived to be the traditional workspace is being moved to remote work ideals, that is to say in employees’ homes, BIM will play a greater part in architects’ lives. This article is dedicated to seeing how architects will further benefit from the technology in the coming year.
When Autodesk published their paper titled “Building Information Modeling” only the very optimistic would have predicted that the technology would be a foundation stone in a market expected to top over 16 billion USD by 2025, but that is the current trajectory for the industry. Initially, for architects, in particular, the technology didn’t promise much in revolutionizing how architects went about their business. Over 18 years later the same view can no longer be supported.
In general, the technology has improved workflow by streamlining processes. Collaboration has always been one of the great advantages of BIM but for architects, an improved ability to de-risk projects and deliver a higher standard of outcome has seen the technology adopted steadily by the profession.
Being able to host 3D structures will always have a use. BIM furthered this ability by being able to test structures using comprehensive physics engines which can be used to test the more mundane aspects of the design. Increasingly, these tools can be used to test how the building would respond in the advent of a natural disaster like an earthquake.
Before even the thought of ground being broken for a foundation, BIM can help pitch ideas to clients. This ability is being further advanced through the incorporation of virtual reality technology. This can allow potential clients or property investors to “walk” through the designs in the virtual design. Another technology that can further help when the construction process begins is augmented reality which can be used on-site to address needs or update clients on how the final project is completed.
Greater collaborative ability can foreseeably improve creativity amongst teams. This is a hard parameter to measure; however, one that is not hard to quantify is cost. Those employing BIM architecture principles have been able to reduce costs and be more competitive in the marketplace. Much of the reduced cost is a result of the design process taking far less time, resulting in cost saving. Cost reductions have also been noticed when mistakes are detected early and can easily be rectified before a contractor has even laid cement.
In the coming years, the BIM uses in architecture are expected to be further improved with the incorporation of AI and machine learning technologies. These are expected to further reduce error and promote higher levels of information transfer without the need for human intervention.
How Architects Can Benefit from BIM in 2021 was last modified: January 12th, 2021 by Edward Roesch
Black Friday is an exciting time of year because of all the amazing savings you can find. This is a time when you are able to score those amazing gifts for yourself or your friends and family at significantly reduced prices than you would find on normal shopping days.
With all of that in mind, Black Friday can still be hard to navigate for the less savvy buyer. There are a few tips and tricks that you need to keep in mind to make sure you actually get the deals you want on those special gadgets. Check out this short guide on getting the gadgets you need this Black Friday.
1. Compare Your Options
You really need to be a more savvy tech shopper by focusing on the comparisons between offers. Not every retailer is going to give you the same savings on the same product. A pair of headphones could be $200 on one site, and $230 on the other. While $30 isn’t a huge amount, it adds up when you start buying more and buying gifts, either for yourself or others. Shop around as much as possible to double-check if the deals are even, and look for things like free shipping or extras thrown in.
2. Find Coupon Offers
Coupons are a lifesaver for Black Friday deals and shopping in general, but for gadgets and tech products, that percentage of savings could really help you out. Even NordVPN coupon codes can help you save, so it’s not just on physical products. These coupons can help you save on software bundles, tech gadgets, and just about anything so you have to channel your inner saver and search far and wide for in-store coupon offers and online coupons. Adding up these savings can help you cut down the final sale price enough that you can spend on other deals.
3. Wait For More Deals
Black Friday is usually about a week-long for most retailers or at least the American Thanksgiving weekend, but the deals don’t start and end in this week. There is another special day called Cyber Monday where tech deals become much more prominent. Being patient can help you score better deals with a little special know-how. There could be some eye-popping savings, but that doesn’t mean you need to jump on them right away. If you take a little time to compare prices, as mentioned earlier, and wait for more retailers to offer savings then you can be sure to keep your budget in-tact on any tech you want.
4. Check For Used Products
Not all used products are a good deal, which is a fair disclaimer for you heading into Black Friday shopping. Still, it can be fruitful for you to be a little more frugal and find deals on tech products that are in-store certified used. There are usually two types, open box and refurbished. Open-box is a product that could have been quickly returned with no problems, or refurbished, which is a little more used but still very much operational. These gently used or returned items could be your ticket to saving money on gadgets.
5. Find Price Matched Gadgets
Another trick is to find price matching tech products. A lot of retailers will use price matching to allow you to compete with other shop prices. If a laptop is $1200 on another site and the retailer you are buying from has it for $1500, sometimes they can match the price to keep you as a customer. This doesn’t work all the time, but many places do it to ensure that you spend your money with them.
6. Wait Until Next Year
The last piece of advice is not what everyone wants to hear but could be useful if you don’t want to get buyer’s remorse. Sometimes it could be simply better to not buy that new gadget and save your money until next year when a new version comes out. Technology is improving at rapid rates so by next year, it could be even better and you can spend your money on other gifts for yourself. If it is for a family member or friend, then by all means go for it, but if it’s for yourself, then think if you can wait until next Black Friday for a good deal.
Black Friday is once again here and for all your gadget needs, you should use these tips and tricks to help score those amazing deals and come away happy with your shopping experience.
A Black Friday Sale Guide To Help You Get All the Gadgets You Need was last modified: November 29th, 2020 by Charlene Brown
Playtech, the world’s leading entertainment software development company, has announced a new partnership with Novibet, an online sports betting powerhouse in Greece. By expanding their worldwide presence, Novibet will attract wider audiences and will benefit from a significant increase in website engagement and traffic. This partnership opens new doors to both companies to expand their product offerings.
Playtech was founded in Estonia in 1999 by Teddy Sagi and operates from its headquarters in the Isle of Man. In 2019 revenue reached 1.5 billion EUR and the company employs 5,900 people across 19 different countries. Playtech specializes in producing software for online entertainment. They also have Playtech One, an integrated CRM platform technology that delivers marketing data and single wallet functionality for its users and clients.
Their innovative technology has had a significant impact on the gaming industry, helping top online businesses to function seamlessly and enable great customer experience for their online users.
Playtech is well known for the highly popular Clover Rollover. This online app is the most popular game of its type in online history. The sequel to this game, Clover Rollover 2, has new vibrant graphics but stays true to the play style of the original app. The sequel offers more opportunities to win with a three tier award.
Playtech partnership with Novibet
Novibet has been offering online resources for a number of markets, including the UK and Greece for the last decade. They now have a selection of over 3,500 games, including online table games and live action experiences. These games are available across mobile, tablet and PC devices.
A deal made between Playtech and Novibet means Novibet in Greece will include a dedicated area for the live Playtech Play Space. A tab on their website will provide direct access to Playtech live content, which includes localized branded table games.
Plan to expand to other countries
It isn’t just players in Greece who will benefit from this deal, plans have been made to expand the live website engagement to other destinations in Europe. Shortly after its release in Greece, the online app will open to the UK market and then also to players in Italy.
From there, there could be the possibility of exploring live gaming apps to countries across the European continent. Together, Playtech and Novibet can continue to be industry leaders providing European players top quality content. In such a competitive industry, it is imperative that these companies continue to find new ways of maximizing the amount of diverse entertainment they can offer audiences. Consumer expectations are high but with partnerships such as these, meeting them is much more achievable.
Beyond the European continent?
There could perhaps be the potential for this kind of deal to be made in locations such as the United States and Canada in the near future. In most parts of the western world, attitudes towards land based games are becoming increasingly positive, with more players now signing up and playing games online.
The US government leaves it to individual states to decide the laws and regulations for their area. States that now allow online gaming include New Jersey, Pennsylvania, West Virginia and Delaware, with other states being likely to follow suit in the near future. The technology powered by Playtech has already been well tried and tested in Europe, so when more of the United States opens up to this industry, we can expect it to be adopted pretty quickly in the Western world. It is only a matter of time before live offerings are readily available to online players across the globe by Playtech and their partnership with Novibet.
Leading CRM App Vendor Playtech Expands Market with Novibet Partnership was last modified: December 15th, 2020 by David Z