Tags:#automotive#Autonomous#cars#Delivery#driverless#Ford#ride-hailing#ride-sharing#Self-Driving#taxi#vans IT Trends of the Future That Are Worth Paying A… For Self-Driving Systems, Infrastructure and In… Related Posts 5 Ways IoT can Help to Reduce Automatic Vehicle… Break the Mold with Real-World Logistics AI and… Gozde Gorce Car ownership is predicted to decline as self-driving cars hit the roads, with more people, especially in cities, opting for a taxi or shuttle. When that happens, Ford wants to be the company supplying taxi operators with vehicles.In a blog post, Ford vice president of autonomous vehicles, Sherif Marakby, said the company is aiming to build a self-driving car that maximizes ‘utilization time’, while also evolving to the new needs of taxi operators and delivery services.See Also: Ford patents removable wheel for self-driving vehiclesFord makes a point that the new customer is not the individual, but a company. Instead of selling a car to a consumer, it is sold to Uber or Lyft and then used by hundreds of commuters every day.We’re developing self-driving technology because the world is changing rapidly. For many people who live in large cities, owning a car is no longer a viable choice,” said Marakby.“Ride sharing and hailing is on the rise, and shopping at malls is giving way to buying online, which is increasing package delivery services. Therefore, we’re building a business to capitalize on both of these trends. We plan to develop and manufacture self-driving vehicles at scale, deployed in cooperation with multiple partners, and with a customer experience based on human-centered design principles.”Decades of experience gives an edgeThe automaker has spent decades working with partners in the taxi and delivery industry, which it said gives it the edge on the competition. In the post, Marakby said the first self-driving cars to come out of Ford’s factories will be hybrids, due to their range advantages compared to electric.Ford is also putting heavy emphasis on a “human centered design approach”, which is currently being researched at the company’s team in Palo Alto. It said it will work with partners to ensure that its self-driving cars are a force for good on the roads, instead of a disruptor.The current goal is for a self-driving Ford by 2021, though the company’s head of research said it may be 2026 before customers can buy one of those vehicles.
Make tax season a little less painful with these tax deductions for filmmakers and videographers. It will likely save you money!Before we begin: We’re not Certified Public Accountants, so be sure to consult a CPA to find out exactly what tax write-offs work best for you. Let’s kick this off with two pieces of very important advice…Keep Immaculate RecordsKeep your records in order and set aside a percentage of every dollar you earn for self-employment tax. I’ve found that utilizing assets such as Square to send invoices and run credit cards really helps me keep my records tight. Then I tie Quickbooks to my bank account to consolidate all of my records into one place. At the end of the year, all I have to do it send the Quickbooks documentation to my CPA so she can prepare my taxes for filing. Speaking of CPAs…Hire a Certified Public AccountantYou’re going to need help navigating the ins and outs of what can be deducted and what can’t. Hiring a CPA will help you save some money in the long run.Image from ShutterstockDeductions for Filmmakers and VideographersAs we explore these possible tax deductions for filmmakers and videographers, keep in mind that you could end up audited. Be sure that you can justify your deductions. That point is going to come up a lot as we move forward. Now let’s look at some easy ways that deductions can save you some money.1. Small ItemsAny small item that you spend money on for daily production tasks is something you can deduct. Tool kits, dry erase boards and markers, gaffer tape, etc. These are all things you can deduct. You just have to be able to justify the purchase and its use in your daily business.2. All Computer Related ItemsIf you purchased a new computer this year, it’s deductible – with some conditions. If you use that new computer solely for work, then you can claim the entire purchase price, but only by using a Section 179 Deduction. If you’re using the computer for business and personal, that changes how much of the purchase price you can deduct. Your CPA will be able to give you a more concrete idea of what those numbers are.It’s not just hardware that can be deducted; software is eligible too. Your Adobe Creative Cloud subscription is a great example of software that’s deductible. Just make sure you give your transaction invoices to your CPA in Quickbooks or physical form.Image from Scott Prokop / Shutterstock.com3. Film & Video Production EquipmentEvery piece of equipment that you purchase for your work is a deduction during tax season. Did you purchase a new camera this year? That’s a deduction. Did you go to B&H Photo and purchase new lenses for that camera? Maybe a penguin case? ND filters? Those are deductions. Or maybe you purchased new sound equipment from Sweetwater? Deduction. Even batteries, memory cards, tripods, sliders, and stabilizers are deductible as long as they are being justifiably used for your business.4. Digital and Print ResearchAs filmmakers and videographers, we are constantly consuming content in order to stay on top of what is going on in our industry. Because of this you might be justified in deducting the whole cost or a portion of the cost of Netflix, Hulu Plus, Amazon Prime, cable service, movie tickets, industry books, periodicals, and smart phone apps. Again, you have to be able to justify these expenses as something you need for your work. Your CPA will be able to give you a concrete answer on whether you can apply these expenses as deductions.Image from Shutterstock5. Dining and EntertainmentTo deduct dining and entertainment expenses, you need to be able to justify how they relate to your business. More than likely you wont be able to claim the entire amount. When dining with clients or colleagues, I usually claim around 50% of the cost. I’ll also deduct the cost of a wrap party for my crew after filming has concluded. Screenings and premiere costs are also deductible. All of these things can be seen as the cost of doing business. Here’s what the IRS has to say on the matter.6. Online PresenceAll of us need some sort of online presence in order to build our business. Because building this online presence is so crucial to earning a living, you should look at deducting the cost of this presence. Things that could apply here are cloud storage costs (Onedrive, Google Drive, Dropbox), yearly website domain and hosting costs, and online membership costs such as IMDB Pro. Even the costs of website design and development are deductible.Image from Shutterstock 7. Travel Expenses and ConferencesExpenses you incur while doing business outside of your home might fall into the travel expenses category. Whether you’re driving for five hours or your taking a flight across the country for a film shoot, these are all deductible expenses. Be sure and keep records of everything including rental cars, taxi rides, and hotels. If you paid for the travel of your crew, add that cost as well. Additionally, if you’re attending a conference like NAB or SXSW, you can deduct the attendance costs, as they directly pertain to your work. For more information on travel expense and conference deductions head over to the IRS Website.8. Business Startup ExpensesKeep track of all the costs that you pay out to start your business such as incorporation fees, lawyer fees, and copyright/trademark filing fees. You can even deduct the payments made to your CPA or financial advisor. Also check out Caron Beesley‘s Startup Cost Tax Deductions article on the SBA.gov blog.Image from Shutterstock9. Printed Self MarketingIn addition to your online marketing, you’ll likely want to purchase printed media like business cards, flyers, or brochures. These costs are deductible as well. In fact, business cards were #4 on the Bloomberg Business list of 25 Unsung Tax Deductions.10. Home Office ExpensesHome offices and editing rooms are loaded with potential deductions, including the actual space you use. Other likely deductions: desks, chairs, lamps, pens, printers, printer paper, ink cartridges, staples, etc. You get the idea. These may seem like small insignificant purchases, but they add up quickly. The IRS has an entire page dedicated to the ins and outs of home office deductions.Image from ShutterstockWhat We’ve Learned About Tax DeductionsDeductions aren’t too hard to decipher, as long as they are legal and pertain to your business. With that in mind, the most important take-aways are: Keep immaculate records and hire a CPA. Talk to other filmmakers that you know – chances are one of them has a CPA that they can recommend.Are you a seasoned filmmaker or videographer? Do you know of additional deduction options not listed in our roundup? Let us know in the comments below.
A man has been arrested on charge of spreading a false rumour on social media about braid cutting incidents, police said on Monday.The development comes amid a string of complaints of braid chopping, which has led to panic and fear in some areas of Uttar Pradesh and other neighbouring states.The message allegedly sent by a person identified as Jahir Khan, husband of Gardaha village head, claimed that a braid cutting gang was reported to be targeting a few villages of the area, Gola kotwali inspector Deepak Shukla said, adding it was “a baseless rumour”. The officer said that the message was forwarded to him on his Whatsapp number.“I called up the sender of the message and after ascertaining his location, the man (Khan) was arrested. He could not explain the authenticity of the message. A case under IT Act has been lodged against Jahir (Khan), and he has been sent to jail.,” Mr. Shukla said.