The time period Business Intelligence (BI) refers to technologies, functions and practices for the collection, integration, evaluation, and presentation of business information. While a few of these professions are comparatively straightforward to outline, the unique legislative textual content for Part 199A left much up to interpretation when figuring out whether or not sure companies could be handled as a specified service trade or business (SSTB), both with respect to certain edge cases within professions (e.g., does an accountant who solely does tax preparation but not business accounting and auditing still depend” as accounting providers, and does income from selling insurance coverage products depend as financial providers” or only offering investment advice?), and the comparatively broad catch-all at the finish of the SSTB list for any commerce or enterprise where the principal asset of such trade or enterprise is the repute or ability of 1 or extra of its workers” (elevating the question of whether a restaurant qualifies for the QBI deduction, however a restaurant with a star chef won’t?).
This method begins by specializing in the customer value proposition — what Christensen calls the client’s job-to-be-executed.” It then identifies those aspects of the profit formulation, the processes, and the assets … Read MoreRead more →