When Is The Right Time For Companies To Hire Accountants?

When Is The Right Time For Companies To Hire Accountants?


Accountants can help grow your business at various phases. They can handle more than just paying taxes and employee salaries . You will need input from an accountant when making business plans, the company's legal structure, and of course to help deal with the financial aspects of the company . This doesn't mean you have to hire accountants full-time. For small business people who are pressing expenditure figures, this is certainly not an option. Then, when do you have to recruit accountants at the company?

Ready to Delegate

As a business owner, you have complete control over the company, from working hours, business strategy, to handling the financial aspects yourself. There is satisfaction in itself when you do everything successfully. However, doing so can make you overworked and stressed. This is where you should start considering delegating and entrusting someone else to work on some aspects of your business. Delegating the financial sector to an accountant is a good first step. Once you leave your company finances to your accountant, you can focus on other aspects of your business.

Dealing with the Government

Managing a pile of government paperwork can be overwhelming when you are running your own business. That's why many small business owners decide to hire an accountant when the time for their first tax payment draws near. Even so, accountants can also handle other things besides paying taxes, such as completing various legal documents needed by the company, keeping the company up-to-date with the latest tax information, preparing annual reports, checking company status in government databases , ensuring every code employee tax is recorded correctly, and so on.

Companies to Be Audited

If your company is being audited, this is a good time to hire accountants for the company. The accountant will provide input on how to work during the audit process and help ensure that you do not violate any tax regulations. Even so, it doesn't hurt to hire an accountant before the audit process takes place, especially if you can find an accountant who offers audit insurance. The insurance will cover the costs you have to pay if your business has to do something about the results of an audit conducted by the tax department. An accountant who offers audit insurance will not ask for additional fees during the audit process.

Applying for a Fund Loan

Applying for a loan from a bank is a reasonable step for any business to take. When you apply for a loan, the bank wants to know if they will get the funds loaned back. They will analyze whether you deserve the loan. An accountant can help increase these opportunities. Withgood accountingsoftwaresuch as Sleekr Accounting ,your company's accountants can provide various data that can support loan application applications. Accountants are also the ones who will answer questions from banks regarding financial issues.
Business Starts to Grow The business world is always dynamic. A big project that comes up can be an opportunity for your company to grow rapidly. An accountant will help you deal with this transition, such as hiring employees or finding a larger office. In addition, accountants also pay attention to details such as tax management, employee payments, and so on. This will enable you to focus on other aspects of growing your business. Through accounting data, accountants are also able to provide insights to help you grow your business through financial analysis.

As can be concluded, accountants are able to assist you at various phases of the company's development. You don't have to hire an accountant right away, but you need to consider that an accountant will make your life easier because you can concentrate on other things that also need your attention.
3 Main Roles of HR in Startup Scalability

3 Main Roles of HR in Startup Scalability

Startup scalability is always associated with the growth and development of the startup business. Startup businesses are often late in understanding the meaning of the word "agility" and incorporating it into the development of their company. In fact, agility is the character most big businesses want. In this case, agility is the ability to use the smallest amount of funds, answer all challenges satisfactorily, or solve problems before they even arise.

In other words, the level of startup scalability must be continuously improved in their business. Many steps can be taken to achieve the startup's scalability, one of which is quite important is to involve the role of HR. However, the future of startups lies in the hands of its human resources, where HR has the expertise to "find" the best HR for a startup. So, the following 3 things are the role of HR in startup scalability.

Optimize Employee Recruitment Process

Basically, startups also have the same strategic problem as large companies, namely having the right number of the right type of people at the right place at the right time. Coupled with the right performance and at a redeemable cost. The point is how to use employees as effectively as possible at a cost that is also reasonable and affordable so that the company can develop quickly and accurately.

This is where the role of HR in startup company scalability comes in. HR must be able to choose which employees the company can use to move agile in accordance with business developments at that time. With employees who have skills like this, startups will move stably and predictably. When all conditions are comfortable, your business plan will run perfectly. As such, the business forecast graph will be flatter.

Preparation for Business Growth

The business forecast later determines the needs in a linear and easy to fill manner. When the business grows, the business forecasting mechanism will adjust accordingly. But if the business is moving slowly, of course this will bring startups to slow down.

Business growth requires HR scalability. In the scalability mechanism, transitions and timing are key points. While conventional hiring aims to keep the business on top, scalable hiring tends to anticipate how future opportunities will affect the needs of team members.

Helping Business Model Transitions

HR scalability will also be important when there is a transition from one business model to another. This makes the old model easy to forget so that the new model can be done easily.

In the early days of growing business, business people will benefit from the flexibility of their business. Employees are easy to move actively and their tasks can still follow the direction of the business. It is also what will disappear when businesses start forming their respective organizations. When a startup assigns ranks, sets job descriptions, and starts showing organizational schemes, it limits an employee's agility and adaptability.

The traditional concept of the organizational structure of a business must be thrown away to keep up with business developments and replaced with something that is not limited, something that is adaptable and of course fresh. This will make employees ready and willing to improvise, motivate themselves, and work independently.

Current HR must be able to develop by itself. Today's business development demands the role of HR who can work in a multitasking manner to be able to survive in the midst of increasingly fierce business competition. The role of HR, which is required to be able to do multitasking work, creates an interest in using a system that helps HR work. Systems like HRIS Cloud  today are very helpful and simplify HR work. HRD personnel management can be completed easily and quickly, with accurate results. Sleekr, as the mainstay HR software that employees love , can be a solution for you for this. Register your company for free now .

Cloud Accounting, Solutions for Small and Medium Enterprises

Cloud Accounting, Solutions for Small and Medium Enterprises

 

Basically, cloud based accounting  software is  not that different from conventional accounting systems or accounting software that you are used to. It's just that, the performance of cloud accounting applies the Software as a Service (SaaS) business model . All accounting data that you enter in cloud accounting is  sent to "the cloud", where it will be processed and returned to the user. In cloud computing, you as a user can access software applications via the internet by using certain cloud application service providers .

Using cloud-based accounting software  as a business accounting system makes you no longer need to install and manage software on each employee's computer individually. Cloud accounting software  enables employees in various departments and even other branch offices to access the same accounting data through a uniform version of the software . Not only that, cloud accounting also makes it easy for you to get real-time accounting reports with collaboration capabilities.

What is the difference between cloud accounting and conventional accounting software?


Of course there are several things that differentiate cloud accounting from conventional accounting software . Cloud  -based accounting software  tends to be more flexible because it can be accessed from anywhere via any device as long as there is an adequate internet connection. Then, unlike conventional accounting software , cloud based accounting software regularly updates financial information automatically. This means that the data in it will always be accurate and errors can be minimized.

In addition, cloud based accounting software  also does not require complicated handling when compared to conventional accounting software . Provider of cloud accounting, such as goalkeeper, will supplement the data with backups and updates are done automatically. You also don't need to download or install certain software on your computer or device.

How is Accounting Data Security in Cloud Accounting?


No need to worry about the security of your accounting data. Cloud based accounting software  provides a level of security that is at least equivalent to data storage in conventional software . For example, your computer or laptop that contains important accounting information could be lost or stolen. This can create a risk of data leakage. Meanwhile, cloud based accounting software  will not leave a trail of these important data on your computer or device. Access to cloud accounting data has also been protected using a password and encryption system.

Data sharing also tends to be safer. Through cloud based accounting software, you and other employees can access the same data only by using certain passwords . This is certainly different from conventional methods which often require you to use flash drives when you want to transfer data, which has the risk of being lost or stolen.

In addition, most cloud accounting providers have backup servers in two or more specific locations. If something goes wrong so that one of the server networks goes down, you can still access your accounting data through another server . Compare it with data in conventional software that can be lost because the device is damaged or other bad things happen.

Interestingly, cloud accounting can save on company expenses because you don't need too much server infrastructure to store data. You also don't have to hire IT employees to manage or update a cloud accounting system . So, for business continuity, make sure your accounting system is well integrated through cloud accounting. Sleekr Accounting  can be a solution for your cloud accounting needs . Register for Sleekr for free now and get an accounting software that makes bookkeeping and financial management easy in your company.

The 10 Key Skills of a Startup CEO

The 10 Key Skills of a Startup CEO


Startup? You are the CEO of a startup company? If so, you need some key key skills so that your company can work effectively and efficiently. We've listed the top 10 skills a startup CEO should have. Take some of your time to develop and refine the following skills: 

 

Mission Clear

A CEO, a leader in a company, must have a target in running his business. If you don't have this target, your employees will work without any clear direction. You are the leader, you are the one who directs them to work together to achieve the targets of the company.
This target must be a clear and understandable mission statement, you don't have to ask all employees to memorize word for word of this mission, but what you have to do is make them understand and can go hand in hand in order to achieve the company's goals. 

 

Work with people who inspire, challenge, and make you better

Indeed, hiring or working with people who obey all orders and agree to whatever your opinion is is a plus for you. But have you ever thought about stepping out of your comfort zone and trying to work with people who are different from you? People who can provide challenges and new ideas when you hold a meeting, for example. Believe it or not, it can provide better benefits for your company, you can work with partners who have expertise that is far different from yours, or hire people from different backgrounds and experiences. 


Show it, don't just say it

If there is a new project or thing that needs to be done at your company, the best way to tell employees is to show the reasons why it should be done and invite your employees to work together so that it can be resolved.
Give them the freedom to use their respective skills, so they will feel that the job is really theirs. Do you know? There is nothing worse than working slackly, waiting to be told what to do and when to finish it. Productive employees reflect the employee's comfort at work, and the end results of them will be very good if they feel comfortable. 


Find solutions for a more effective and efficient process

Daily administrative activities can slow down the company's performance, and a startup business that is not big shouldn't waste time, energy, and money on paperwork. Startup companies must be aware of technological advances, and you should be able to find out what systems can help you streamline the work process in your company .
Don't let your company have ineffective and efficient processes, and find solutions so that the company can continue to develop its business processes. 


Continue to Watch Company Progress

A CEO is obliged to know how his company's business processes are, how the work of his employees, and where the development of your company has been. Provide data about the time and effort that has been given to the company's development process to your employees and provide good enthusiasm and maintain employee performance in order to keep track of the company's goals. 


Clothes must be neat and tie? Certainly not

Neat business clothes are not a measure of employee performance, it will be good, don't ever force employees to wear clothes that make them uncomfortable.
A comfortable office is also a productive office, providing freedom (at a reasonable level) for employees to wear clothes that make them comfortable and can increase creativity and productivity at work. 


Develop Your Work Relationships

The economy is becoming increasingly competitive, surely you want to continue to be the leader in your industry right? Building relationships with other businesses, freelancers, or other startups from both inside and outside your business industry can be valuable. Being able to draw on external expertise, gain greater industry insights, and work with other companies will help your small startup company grow more. 


Inspiration and Motivation

What employees need, not just a monthly payslip, so that they can continue to be comfortable in their work. As a leader, you must be able to inspire and motivate them. Supporting them, listening to their aspirations, and letting them take part in making decisions can give them more aspirations which make them very happy and feel appreciated. 


Be a listener

As CEO, listening is an important thing to do. If you don't listen to the aspirations of your employees, then don't be surprised if your employees suddenly decide to work elsewhere. Let them voice their opinions, and be an open leader and you will learn a lot and get valuable ideas or insights that you never even expected. 


Be part of your team

It would be wrong to say that the CEO should not be part of your teamwork. Collaborating directly and paying attention to every detail of your team's work can help the company develop well. If you want your startup to grow from small to large company, you have to be part of your smallest team and get the end result of the job done.
So, the things above are the 10 main skills that you must have as a CEO of a startup company
It Turns Out That Mixing Personal Money and Business Money Is Not Good!

It Turns Out That Mixing Personal Money and Business Money Is Not Good!

One of the best practices in managing a business is to separate finances between business money and personal money. This is so that business money is not used for personal needs or vice versa, personal money is not used for business purposes. If it is mixed, it will be difficult to measure whether the business being carried out is growing (increasing in wealth) or decreasing.

The easiest way is to separate the storage. For example, business money is stored in a special money box and stored at the business location. Meanwhile personal money remains in the wallet. Quite simple actually the solution. Simple but that doesn't mean it's easy to be consistent.

There will be a condition where personal money is forced to be used for business purposes. The most frequent example is when there is a transaction that requires change but there are no small denominations in the business. Usually the money in the wallet is "borrowed" temporarily to give change. Or vice versa, the son of the business owner will pay school fees, and easily take the money from the cashier.

The conditions above are very likely to occur, especially in micro and small scale businesses . However, it does not mean that financial separation cannot be done consistently. The trick is to always record / book business transactions, whether using business money or borrowing from personal money.

What we do:
1. Keep money separately as much as possible.
2. For cash disbursements for business purposes, either using business money or personal money are always recorded as business cash expenses. Not the source of the wallet that is seen, but see its use. Regarding business or not
3. Routinely check the company's cash balance recorded in Sleekr Accounting . Make sure there is really that much money. If it is not enough, it must be added with personal money because it means that it was used for personal use. Likewise, if the physical money is greater, it means that there are business expenses that use personal money. Do not let physical money be smaller because this means business money is borrowed. Must return it immediately. But still try to be number 1 consistent.

Sleekr Accounting, helps produce sales and purchase reports for SMEs in a comprehensive and easy way. These SME sales and purchases reports are used to monitor SME business activities . Sleekr Accounting helps manage cash management better for SME businesses, both trading, service and manufacturing businesses. Register for Sleekr Accounting now and create sales and purchase reports for your UKM easily and quickly with Sleekr Accounting .

Social platform for athletes Strava bulks up on $110 million Series F round

Social platform for athletes Strava bulks up on $110 million Series F round

The leading online social platform for athletes is stepping up its game.

San Francisco-based Strava — an online sports community with more than 70 million members in 195 countries — said Monday it has raised $110 million in a Series F financing round, vaulting the company ever closer to unicorn status.

The company — which provides a platform that gives a user access to an athletic community anywhere they are — said the financing will help it develop more features for athletes, support its global community and expand to serve more athletes.

Strava grew rapidly amid the pandemic, adding about 2 million athletes per month to its community as it also rolled out more than 60 new features for athletes. The company also developed a free aggregate data system called Strava Metro, which the company now says is used by about 300 city governments and urban planners for pedestrian and cyclist safety.

The company was founded in 2009 by Mark Gainey and Michael Horvath and was last valued at $365 million, according to Bloomberg.

The Series F funding was led by Menlo Park firms TCV and Sequoia Capital, with participation by San Francisco-based Dragoneer Investment Group and Jackson Square Ventures as well as Menlo Park-based Madrone Capital Partners.

"TCV has been bullish on and an active investor in the connected fitness and health ecosystems over an extended duration. As the largest and most engaged community of athletes in the world, Strava is uniquely positioned and boasts a strong value proposition for athletes and partners alike," Neil Tolaney, TCV general partner, said in a statement.

Strava was No. 98 on our 2020 Largest San Francisco Tech Employers.

source :bizjournals.com

Toyota Innova Crysta facelift to launch soon; bookings open

Toyota Innova Crysta facelift to launch soon; bookings open

Japanese automotive manufacturer Toyota is likely to announce Innova Crysta's facelift in India soon. The company has already unveiled the facelift in Indonesia, where it is known as the Kijang Innova. Select dealerships in India have also started accepting bookings for the updated Innova Crysta unofficially.

This will be the first major update for the second-gen Innova Crysta since it was introduced in 2016.

Earlier this year, Toyota had updated the petrol and diesel engines of the Innova Crysta to the BS-6 emission standards. Therefore, the Innova Crysta's new updates will be restricted to the exterior, interior and technology updates only.

Global Rich Trigger 1,900% Sales Surge for U.K. Country Estates

Global Rich Trigger 1,900% Sales Surge for U.K. Country Estates


After a decade-long slump, Covid-19 has jumpstarted the market.

Last month, Savills listed the Bowden Park estate for £35 million ($46.4 million). The property includes a 15,900-square-foot, 18th century mansion set amid 22 acres of manicured gardens and 1,400 acres of farmland in Wiltshire, which is about a two-hour drive from central London.

In any other year, the property would likely have sat on the market.

“We [hadn’t] been able to launch a property and say to the owner confidently, ‘We can sell this in three months,’ ” says Crispin Holborow, country director of Savills’s Private Office. Last year, for instance, just one country estate sold for more than £15 million, according to Savills data. The previous year, only five sold.

But, thanks in large part to Covid-19-related lockdowns, a staggering 19 country estates in the U.K. have sold or are under offer for over £15 million in 2020, according to Savills.

The Bowden Park estate, in other words, has suddenly entered a seller’s market. “They’re coming in thick and fast,” says Holborow.

$25 million performing, visual arts center planned for Grosse Pointe Park-Detroit border

$25 million performing, visual arts center planned for Grosse Pointe Park-Detroit border

 A philanthropy-led effort to erect a $25 million visual and performing arts center on the border of Grosse Pointe Park and Detroit is set to break ground next summer.

With its plan to welcome residents, arts groups and artists from Detroit as well as from the Pointes, the project is a stark departure from the Kercheval Avenue barriers that created tension between the two communities for years.
Manoogian Art Gallery.
When it opens in the fall of 2022, the "Schaap Center" at the corner of Alter Road and Jefferson Avenue will be home to the A. Paul and Carol C. Schaap Center for the Performing Arts and the Richard and Jane Manoogian Art Gallery and an additional community art gallery.

The Schaaps, who spurred the project with a property purchase in 2012, pledged a total of $15 million, and the Manoogians committed an additional $5.5 million. With other gifts that have come in, the nonprofit has raised $22.8 million of its $35 million campaign goal to cover capital costs and create a $10 million permanent endowment.

As envisioned, the nonprofit center will provide a home for the Grosse Pointe Theatre and the Grosse Pointe Symphony Orchestra and host rotating exhibits of works from private art collections around the region in its museum-quality art gallery. In addition to that, there will be community exhibit space for local and visiting artists and student artists, Jaime Rae Turnbull, interim executive director of the Schaap Center, said.

But the new center is not something that is just for the Pointes, said Lumigen Inc. founder A. Paul Schaap, who is chairing the nonprofit leading the project.

Other performing arts groups and artists from Detroit and the region will also be invited, he said. Organizers are also talking with several groups about performing at the center, including: Grosse Pointe Community Chorus, Mosaic Youth Theatre, Detroit Medical Orchestra, Detroit Concert Choir, Detroit Public Television and Michigan Opera Theatre.

Schaap said he and his wife love the theater and symphony and have supported various groups, including the Hilberry and Bonstelle theaters at Wayne State University where they both worked. The Grosse Pointe Theatre has been performing over last several years at local high schools and moving from place to place, he said.

"That's not very good for a group of that quality; they're going to have a wonderful home at the Schaap Center."

They see the new center "as a potential gem" for the broader Grosse Pointe-Detroit community, he said.
Jaime Rae Turnbull
Schaap envisions people coming not only from the Pointes but also from Detroit and around the region to see performances at the new center and spend time in the Manoogian Art Gallery.

"One of the things we're thinking about is dinner theater involving St. Ambrose," which is within walking distance of the new center he said.

But there are also small restaurants not far away on Kercheval Avenue and East Jefferson Avenue.

"I think we're going to see a real blossoming of those types of businesses," Schaap said.

"I'm really looking forward to seeing this East Jefferson area take off."

In 2012, the Schaaps, longtime supporters of the theater and symphony, bought a piece of property at the corner of Maryland Street and East Jefferson Avenue from the city of Grosse Pointe Park to protect it from development and preserve it for a future arts center.

I'm really looking forward to seeing this East Jefferson area take off."

In 2012, the Schaaps, longtime supporters of the theater and symphony, bought a piece of property at the corner of Maryland Street and East Jefferson Avenue from the city of Grosse Pointe Park to protect it from development and preserve it for a future arts center.

The couple formed the Royal Oak-based Urban Renewal Initiative Foundation the following year and through the nonprofit purchased additional properties near the first plot, giving it a total of 2.4 acres. The purchases totaled about $2 million, said A. Paul Schaap, who sold the company he founded, Southfield-based Lumigen, for more than $250 million in 2006. Lumigen produces a compound that produces luminescence used in medical diagnostics.

The Manoogians, neighbors and friends of the Schaaps, were co-supporters of the performing arts center, and "with their wonderful art collection, frankly, (they) were looking for a good home for some of that art," Schaap said.

While the Manoogians will certainly show artwork from their private collection at the gallery from time to time, "everyone's hope is that others will use that area to share some of their collecting as well," said Gene Gargaro, president of the Richard and Jane Manoogian Foundation.
Gene Gargaro
The hope is it will be a community resource and widely used by different performance arts groups and other community groups" and artists, he said.

The Schaaps and Manoogians live in Grosse Pointe, but they are Detroiters, Gargaro said. Carol and Paul Schaap have been big supporters on the Wayne State University campus, and they were among the first donors to the "Grand Bargain" that preserved the Detroit Institute of Arts' collection by shoring up the city's pension plans during the Detroit bankruptcy.

The Manoogians have also supported much in the community, including the DIA for decades, Gargaro said, noting they were also generous supporters of the Grand Bargain.

"The performing arts theater is just the latest example where two very philanthropic families have come together to support a project that will benefit so many," Gargaro said.
‘A Broadway-style theater'

The performing arts theater is just the latest example where two very philanthropic families have come together to support a project that will benefit so many," Gargaro said.
‘A Broadway-style theater'

Urban Renewal brought the plan for the project before the Grosse Pointe Park Planning Commission in August, after years of assembling property and discussion with the city about the project and the Schaaps' and Manoogians' financial commitments to it. An earlier idea to shift overflow parking to the surrounding neighborhood was abandoned following resident pushback, Turnbull said. The project gained city approval in August, and Urban Renewal launched the silent phase of a capital campaign to cover the rest of the costs.

CBRE Inc. is serving as the owner's representative on the project, managing the design and construction process for Urban Renewal. Raymond Cekauskas Architecture LLC is design architect, and Smith Group is architect of record.
Raymond Cekauskas Architecture LLC/Smith Group A rendering of the exterior of the Schaap Center.
Together, they came up with plans for the center that include a 424-seat theater with an orchestra pit on a hydraulic platform to lower it out of audience view of the stage or expand the stage area, a basement to accommodate a trap door and state-of-the-art lighting and acoustics.

The Schaaps "wanted to make sure there were all the amenities of a Broadway-style theater," Turnbull said.

The Manoogian Art Gallery will include the very best in climate control technology, providing space to display art work collected by the Manoogian family and others, as well as works from local and student artists. There will also be a pre-function gathering area with a wine bar and concession area in the 49,000-square-foot center. The design also includes energy efficiency elements, green stormwater infrastructure and 160 parking spaces.

A joint venture formed by Oak Park-based PCI One Source Contracting and The Dailey Co. in Lake Orion is serving as construction manager of the project.

The Manoogian Art Gallery will include the very best in climate control technology, providing space to display art work collected by the Manoogian family and others, as well as works from local and student artists. There will also be a pre-function gathering area with a wine bar and concession area in the 49,000-square-foot center. The design also includes energy efficiency elements, green stormwater infrastructure and 160 parking spaces.

A joint venture formed by Oak Park-based PCI One Source Contracting and The Dailey Co. in Lake Orion is serving as construction manager of the project.

As construction plans are finalized, Schaap is forming a new nonprofit to operate the center: the Grosse Pointe Park Council for the Arts.

"Everything is being outsourced until there is a team permanently in place," Turnbull said, noting the goal is to have the management team in place by the fall of 2022 when the center opens.

Plante Moran Trust is managing donations made to the campaign, and The Nonprofit Spot is developing an operating plan and budget, which is expected to be about $831,000 its first year, Turnbull said.

The center has a long-term lease agreement with the Grosse Pointe Theatre and is developing fee-based agreements for performance space usage with other arts groups, she said.

Its proximity to the city of Detroit "is pretty critical" in ensuring it has regional benefit and is accessible, Turnbull said.

"This will be an incredible regional asset for visual and performing arts. ... We think this is going to draw great interest from Southeast Michigan to have an intimate venue of this level with quality, community programming" at accessible ticket prices, she said.

The Argument to Tax Work-From-Home Benefits

The Argument to Tax Work-From-Home Benefits

Choosing to earn a living from home once the pandemic ends is a privilege that you should pay for, according to strategists from Deutsche Bank AG’s research arm.

“Working from home will be part of the ‘new normal’ well after the pandemic has passed,” the strategists led by Luke Templeman wrote in a note. “We argue that remote workers should pay a tax for the privilege.”

The team propose a 5% levy for those who work from home on a regular basis and not because of a government lockdown mandate. Such a measure could raise $48 billion a year in the U.S. and about 16 billion euros ($18.8 billion) in Germany, they say, to fund subsidies for low-income earners and essential workers who are unable to work remotely.

Deutsche Bank Research undertook a survey to examine the major global shift toward remote work that occurred as a result of the Covid-19 pandemic, which may endure as many professionals discover financial, personal and professional benefits of the change. According to the results, more than half of those working remotely want to continue doing so for between two and three days a week even after the health crisis ends. The survey of 800 people was conducted in September.

Working in the comfort of one’s own home saves money on travel, lunch and socializing, according to Deutsche Bank Research, and offers greater job security and flexibility, the strategists said. Yet people who are working remotely are also contributing less to the infrastructure of the economy, potentially extending the slump in national growth, they said.
“That is a big problem for the economy as it has taken decades and centuries to build up the wider business and economic infrastructure that supports face-to-face working,” Templeman said.

The proposed levy would be paid by the employer if they don’t provide their employee with a desk, whereas if the worker decides to stay home based on their own needs, they would be taxed for each day they work remotely, according to Deutsche Bank Research. In the U.S., the strategists calculate, such a tax could pay for a $1,500 grant to the 29 million workers making under $30,000 a year and unable to work from home.

“It does make sense to support the mass of people who have been suddenly displaced by forces outside their control,” Templeman said. “Those who are lucky enough to be in a position to ‘disconnect’ themselves from the face-to-face economy owe it to them.”