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Why It Is Important To Consider Technology In Designing Office Spaces

Why It Is Important To Consider Technology In Designing Office Spaces

In some instances, it can be daunting for companies to purchase commercial office furniture because they have to justify the cost to the stakeholders. Choosing the right furniture for an office or the corporate boardroom also requires a certain creativity to ensure higher productivity, comfort and aesthetic appeal.

The way that office furniture is designed depends on the technology present in the office space. Some of the functions of a filing cabinet have been absorbed by software like CRM. However the biggest changes are the introduction of desktop computers, network and emails. Furniture has to be changed to create an efficient office design while making way for technology.

Even the telephone has ceased from becoming an office fixture. From the desktop computers, offices have also shifted to laptops and convertibles. Employees are provided with productivity tools, communication and information options when working off-site. Because of further developments in office technology, more processing power is being required by the office environment. Some businesses have also become reliant upon other technologies like facial recognition, voice or speech recognition. Offices are rethinking the type of furniture that will complement with the technology being used.

In the future, businesses can use IoT to track how employees are using the building so that opportunities can be created for engagement with other colleagues other than their immediate team. Traditionally, the only places where employees meet are dedicated meeting rooms and boardrooms for serious discussions. There are also informal spaces like the kitchen or cafeteria.

Offices today are blurring the line between formal and informal spaces by designating spaces for informal discussions or teamwork areas. In the future, businesses can expect more ad-hoc social spaces that are designed to enhance interaction as well as the use IoT devices so that employees can work remotely.

Meanwhile, there is commercial office furniture that is focused on the well-being of employees. There are sofas in a range of designs, colours and materials and cupboards for informal spaces. A modern corporate boardroom can also be created with chrome and luxury leather materials. Furniture with multiple functionalities is the best choice particularly when it can increase the aesthetic appeal of the office.

The Growing Threat Of Cyber Attacks To Governments And Businesses

The Growing Threat Of Cyber Attacks To Governments And Businesses

Businesses nowadays are highly dependent on the internet not only for brand awareness and exposure but to attract more customers. For example, the customer base of Suzuki motorcycle dealers in the UK is no longer limited to the people near their area because the website manages to reach customers from other regions.

However, more and more businesses are being threatened by cyber attacks. Because of the pressure from cyber attacks, the growth of economic protectionism and the government’s desire for censorship, “walled gardens” may be created that can disrupt commerce and damage society.

One of the key subjects that were discussed by business leaders, politicians, academics and non-government organizations in Davos, Switzerland last January 23 to 26, 2018 was the increasing reliance of governments, institutions and people to the internet. According to the study made by WEF the growing reliance on technology is one of the major risks that global economies will face this year.

Cyber attacks are increasing. It is now listed as the third most likely threat while cyber dependency is ranked second as the significant driver that will shape global risk in the next 10 years. WEF also said that the prospects of strong economic growth for 2018 provide the opportunity for world leaders to address the different weaknesses of complex systems that are underpinning economies including international relationships and the environment.

According to John Drzik, president of Global Risk and Digital at Marsh, geopolitical friction is the largest contributor to the surge and the growing sophistication of cyber attacks. As businesses become more dependent on technology; the more that they are exposed to cyber attacks.

There are improvements made on cyber risk management but both businesses and the government have to invest more for resiliency efforts. The internet of things where devices and sensors are connected to the internet is expected to grow globally but it will increase the risks of exposure to cyber attacks.

People have become more comfortable with online shopping. When they need a motorcycle, they can simply go online and access the website of Suzuki motorcycle dealers in the UK for new or used motorcycles. There is no salesperson because the customer deals directly with the dealer.

Recordkeeping Important In Tax Audit

Recordkeeping Important In Tax Audit

Restaurant owners should know that recordkeeping is very important not just for the daily operation of the restaurant but also for the sales taxes. The business will be negatively affected if does not adhere to the law. Mishandled sales as well as taxes can be the end for the business. Recordkeeping coupled with audit insurance such as audit shield will ensure that your business is protected.

Sales taxes are unavoidable for people who have their own restaurant or if they are investing in one. Restaurant sales come with tax and according to the law, all transactions including purchases and sales, should be well documented. In addition, sales tax such as payroll taxes are considered to be trust fund taxes and the owner or investor of the restaurant has the liability for tax debts incurred by the trust fund.

For restaurant owners, the most important records such as sales transactions and purchase transactions. Sales transactions include sales, amount for every sale, the tax charged for every sale, the tax collected for every sale and documents concerning tax exemptions. Recordkeeping of the receipts, cash register tape, sales slip, guest check and invoice should be well organized.

For purchase transactions, records such as cost of goods, janitorial services, supplies and other purchase records should be kept. Each of the purchase record must indicate if sales taxes have already been paid or if there are taxes due. These expenses will also show if the sales you have in record is a match.

For POS systems, make sure that it is setup correctly and all transactions are properly recorded. The records from the POS must match the receipts of the business included in the record. Therefore, you are the owner or investor, must have control with the POS system to make sure that it is accurate and all transaction records are complete.

If the recordkeeping is not accurate and you get audited, you might be facing some trouble ahead. This is where audit insurance such as audit shield comes in because in case of any errors on your part, you will be covered and your restaurant might be able to recover.