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Sustainable Business Practices Through Technology

As environmental concerns become more pressing, businesses of all sizes are recognizing the importance of adopting sustainable practices. For companies in California, integrating sustainability into business operations not only helps protect the planet but also appeals to an increasingly eco-conscious consumer base. Technology offers a wealth of solutions to help businesses achieve their sustainability goals. Here are several ways technology can drive sustainable business practices:

1. Energy Management Systems

One of the most effective ways to reduce a company’s carbon footprint is through energy management systems (EMS). These systems use smart sensors and software to monitor and optimize energy usage in real-time. By identifying areas where energy is wasted, businesses can implement changes that lead to significant reductions in energy consumption and costs.

2. Smart Lighting and HVAC Controls

Upgrading to smart lighting and HVAC systems can drastically cut energy usage. Smart lighting systems, such as LED bulbs combined with motion sensors and timers, ensure that lights are only on when needed. Similarly, smart thermostats and HVAC controls can adjust temperatures based on occupancy and usage patterns, reducing energy waste.

3. Cloud Computing

Moving business operations to the cloud can significantly reduce the environmental impact associated with maintaining […]

By |2024-07-02T16:30:12+00:00July 2nd, 2024|Tech, tips|0 Comments

Tax Tip Credit for Restaurant Owners

Many restaurant owners are missing out on a significant tax savings opportunity (free money!) by failing to claim the FICA tip credit when they file their tax returns.  The “Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips”, otherwise known as the “FICA tip credit”, is a nonrefundable credit that is available to taxpayers whose employees are receiving tips from customers for providing, delivering, or serving food or beverages for consumption. If you as the employer paid social security and Medicare on these tips as they were reported to you by the employee throughout the year, you are likely entitled to this tax credit.

The credit is limited if you are not paying your employees minimum wage, but as long as you are paying minimum wage, you should be entitled to a credit for the entire portion of FICA taxes paid on these tips.  In order to estimate the tax benefit of your FICA tip credit, you can multiply the “social security tips”, box 7 of your Form W-3, Transmittal of Wage and Tax Statements, by 7.65%.  This credit is a nonrefundable credit, meaning that you […]

By |2020-09-03T20:05:35+00:00December 30th, 2014|tax credit, tips|0 Comments
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