Remove 2022 Remove Equipment Remove Expenses
article thumbnail

Unveiling the Hidden Potentials of Remote Work Productivity

Allwork

By spring 2022, this figure rose to 9%. Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally. By spring 2022, this figure rose to 9%, as businesses became adept at remote work practices and invested in supporting technology.

article thumbnail

What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

From Colliers’ 2022 Innovation Summit , we gather that 60% of companies will only need 50% to 70% of their existing office space in the coming three years. After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. Are your meeting rooms well-equipped for the future?

Equipment 299
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

For 2022, freelancers will pay 15.3% Generally, the expenses involved in operating your business or side hustle can be tax-deductible. So you can’t just go on vacation or buy a new car and claim it as a deductible business expense. in FICA taxes , which contribute to Social Security and Medicare.

Filing 279
article thumbnail

Leaders Turn To Real Estate To Offset Expenses, Refocus The Office’s Purpose

Allwork

According to the 2022 Refocus and Rationalize the Workplace study from FM:Systems, leaders are increasingly focusing on slashing their real estate costs over the next few years. . Access to fully-equipped offices (32%) . Rightsizing office space is the name of the game as companies prepare for an economic downturn. .

Expenses 130
article thumbnail

Lessons From Past Recessions

Success

As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. brokerage accounts, selling a second car or hobby equipment, potentially downsizing, etc.)? How much cash can I quickly access if needed (i.e.,

article thumbnail

Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

Allwork

businesses approximately $40 billion in lost productivity in 2022 alone. Recognizing that a primary source of financial stress is concern over the ability to retire comfortably, these workshops aim to equip employees with the knowledge and skills needed to make informed decisions about saving and investing for retirement.

article thumbnail

Why Addressing Alcohol Misuse Is Key to Long-Term Organizational Success

Allwork

When challenges in alcohol and substance use are addressed proactively, employers can build more resilient teams better equipped for long-term success. In 2022, 29.5 The majority of people with AUD (71.8%) reported being employed either full time (57.3%) or part time (14.5%) ( NSDUH, 2022 ).” million people (10.5%

Medical 290