Anyone interested in IRS publication 17 and small businesses will be interested in the Intuit study that demonstrates how the cloud will change small businesses. Many more businesses are moving to cloud computing in some way, for efficiency and success in the long term. Cloud technology offers numerous opportunities for small and large businesses alike. Read more about the Impact Of The Cloud On Small Businesses.
Specialized services present one opportunity for small businesses, particularly in their seamless integration into back-office functions. Cloud services represent an efficient, tailored solution for small businesses, allowing them to concentrate their efforts on their specialties. They need not spend time and resources on tasks that are not critical to their area of expertise. Personnel who understand the scope of IRS publication 17 are not otherwise required to understand all sections or be completely versed in the finer details of taxes and finance.
Virtual office configurations, sometimes called hives, offer further opportunities for small businesses. Smaller organizations can recruit talent from anywhere, and these employees can collaborate effectively using cloud technology. Highly flexible staffing creates broad opportunities for small companies.
The opportunities inherent in cloud technology allow smaller outfits to compete in a real way with much larger organizations. When small businesses need not be concerned with staffing an entire accounting department, for example, they are free to focus on what they do best. This allows them to put their best foot forward in areas in which it counts when competing for business.
In a similar way, freelancers may come together using cloud technology to accomplish things as a collective, each bringing their specific skills and ideals to the group. Cloud infrastructure and its myriad possibilities and services allow entrepreneurs to put away IRS publication 17 and focus on their business interests. Payroll services delivered via the cloud, for instance, can take an unnecessary burden from professionals, allowing them to concentrate on their industry goals.