21st Century business is nothing like 20th Century business. It is as easy as comparing the cell phone you owned in 1999 with your smartphone now.
The tax planning on the internet is that 1999 style tax planning. You know, that year-end meeting where you are told the same stuff year after year. But you will never achieve the 14% tax rate paid by Big Business if you think like a small business (more on the 14% tax rate here).
The business news headline “Bank Of America Opens Branches Without Employees” got my attention. B of A also has one of the better smartphone apps for online banking. The important tax planning and business trend are “no people”. Instead, machines that work 24/7 with no sick pay, employee suites, or family leave.
Next, Ford Motor Car announced it is using 3-D printing in manufacturing instead of robots, to produce much of their cars. Ford is not the only big business moving beyond Robots. Redbox (the DVD rental kiosk franchise) is closing thousands of kiosk and is streaming the videos.