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Kozi Checks & Balances TaxTactics News

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February 01.2025

2 Minutes Read

Detroit Pistons and Comerica Bank Launch Initiative to Empower Local Entrepreneurs with SHOP313

Detroit Pistons Join Forces with Comerica Bank to Empower Local Entrepreneurs

The Detroit Pistons, in collaboration with Comerica Bank, have unveiled the exciting SHOP313 Pop-Up Shops initiative, aimed at bolstering Metro Detroit’s small business ecosystem. Kicking off on January 31, 2025, this program showcases 28 Michigan-based businesses over the course of the 2024-25 NBA season.

Highlighting Small Businesses at Every Game

As part of an ongoing commitment to support local entrepreneurs, seven small businesses will be spotlighted during each designated Pistons game, drawing thousands of potential customers. Six companies will have the chance to connect directly with fans in a designated area within Little Caesars Arena, while one business will enjoy suite access for exclusive networking opportunities. This exposure promises to create significant brand awareness and customer engagement for the participating enterprises.

Digital Marketing Boost for Emerging Businesses

Alongside the physical presence at games, participating businesses will receive valuable support through digital marketing. The Pistons’ robust online presence ensures that each featured business gains visibility, not only through in-arena advertisements but also through extensive promotions on social media platforms and the team’s website.

A Look at the Launching Businesses

Among the first wave of businesses to be featured are: Dynamic Roofing from Carleton, renowned for their expertise in asphalt roofing; Happy Deals LLC, a family-owned home goods store from Detroit; and SkinbarVII, a high-end facial spa dedicated to luxurious skincare. Each business brings unique services and products to the community, reflecting the vibrant diversity that makes Metro Detroit thrive.

Long-term Commitment to Community Growth

Meghan Storey, Comerica Bank’s Senior VP, emphasized the firm’s dedication to helping local businesses thrive. The partnership with the Pistons represents an innovative approach to increasing these businesses' visibility and overall viability within their communities, ultimately contributing to the economic growth of the region.

In an era where small businesses face unprecedented challenges, initiatives like SHOP313 pave the way for resilience and success, showcasing the power of community collaboration.

Industry Insights

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01.17.2026

Unlocking Chile's Economic Growth: The Critical Need for Capital Allowance Reforms

Update Capital Allowances: A Barrier to Growth In fewer than four months, Chile will usher in its new president, José Antonio Kast, as part of ongoing economic reforms. Both he and his opponent, Evelyn Matthei, have called for a reduction of the corporate tax rate from 27% to 23%, aiming to stimulate growth. But merely lowering the headline rate will not address more profound issues embedded in Chile's tax system. A critical examination reveals that Chilean companies grapple with the harshest capital allowances in developed countries, alongside a worldwide tax system that puts them at a competitive disadvantage on the global stage. The Impact of Weak Depreciation Allowances Chilean firms are burdened by restrictions that limit their ability to recover investment costs through depreciation deductions. Currently, businesses can only claim a fraction of their costs; for example, they may deduct a mere 70.6% of machinery investments. This compares unfavorably to the OECD average of 85.7%, revealing a structural weakness that discourages robust capital investment crucial for long-term economic health. Worldwide Taxation: A Systemic Challenge Additionally, the persistence of a worldwide tax system is another barrier. Unlike most OECD countries, which have shifted toward territorial tax systems that exclude foreign income from domestic taxation, Chilean firms must navigate a complex tax landscape that includes foreign-earned income. This outdated model forces Chilean companies to contend with higher taxes than their international counterparts, further stunting their competitiveness abroad. Reforms for a Competitive Tomorrow To truly enhance economic growth, Chile must consider radical reform—returning to full capital expensing and adopting a territorial tax system. Full expensing would grant companies the ability to immediately deduct investments, thereby relieving capital cost burdens that inhibit growth. Meanwhile, transitioning to a territorial system would help level the playing field for Chilean companies competing in foreign markets. Predictable Pathways to Progress The transition to a modernized tax system is a critical opportunity for Chile’s incoming administration. By enacting reforms that prioritize efficient capital cost recovery and competitiveness, the government could transform an outdated system into a springboard for economic revitalization. As the world watches, Chile's pending reforms could steer the nation toward a more prosperous future, one where innovation and investment are not stifled, but inspired.

01.16.2026

5 Effective Upselling Techniques to Boost Sales and Loyalty

Update Unlocking Sales Potential: The Art of Upselling In today's competitive business landscape, mastering upselling techniques can significantly impact revenue growth and customer satisfaction. Upselling isn't merely about encouraging customers to spend more; rather, it's about offering added value that enhances their buying experience. When executed correctly, upselling transforms transactions into relationships, bolstering both profits and loyalty. Understanding Upselling: A Customer-Centric Approach Upselling is different from cross-selling. While upselling involves persuading customers to purchase a higher-end version of the same product, cross-selling suggests related items. This distinction is essential for business owners and sales teams aiming to implement effective strategies. Upselling focuses on highlighting the increased value and benefits provided by superior products or services, thereby meeting customers' needs more effectively. Five Effective Upselling Techniques to Enhance Sales To efficiently leverage upselling in your business, consider these proven techniques: Utilize Social Proof: Customers often rely on reviews and ratings when making purchasing decisions. By showcasing higher-rated alternatives during the upselling process, you can enhance customer confidence. For example, if a customer shows interest in a product, present them with a similar item that has better ratings, emphasizing its additional features and customer satisfaction. Implement Contextual Prompts: Timing is everything in upselling. Instead of bombarding customers with offers at random times, consider using contextual prompts based on their activities. For example, if a user reaches the limits of their current plan, trigger an upgrade prompt that directly addresses their needs. Create Bundled Offers: Combining complementary products into a package deal can entice customers to purchase more. By presenting a collection of items at a reduced price, businesses can increase the average transaction value while making customers feel like they're receiving exceptional value. Leverage Limited-Time Offers: Applying urgency through limited-time discounts or offers can drive customers to consider upselling as a more immediate choice. By creating a time-bound incentive, customers are more likely to feel compelled to take advantage of the offer before it disappears. Enhance Product Comparisons: Presenting a side-by-side comparison of the desired product versus a higher-end version can clarify the added value of opting for a premium item. This technique allows customers to visualize the benefits they could receive, making it easier for them to justify the additional expense. The Emotional Aspect of Upselling Effective upselling goes beyond just presenting features; it taps into the emotional aspects of shopping. Customers appreciate feeling understood. By offering products that resonate with their needs or preferences, businesses can contribute to an enjoyable shopping experience. Upselling should enhance this relationship, indicating to customers that their satisfaction is a priority. Future Trends in Upselling: What to Expect As technology continues to evolve, so too will upselling strategies. The integration of artificial intelligence and personalized marketing will play a pivotal role in tailoring upselling offers to individual customer behaviors and preferences. Businesses that adapt to these emerging technologies will be positioned to seize greater revenue opportunities while simultaneously amplifying customer satisfaction. In conclusion, effective upselling is about understanding customers' needs and providing them with options that enhance their experience. Utilizing proven techniques can lead to increased sales, higher customer lifetime value, and stronger brand loyalty. As businesses navigate the upselling landscape, focusing on value rather than pressure will ensure sustained success.

01.15.2026

Unlocking Consumer Behavior: The Surprising Ways Taxes Affect Choices

Update The Unseen Forces: How Taxes Shape Our Choices Taxes fundamentally serve the purpose of funding government activities, but they also weave an intricate web of influence over consumer behavior in surprising and sometimes unintended ways. The effects of taxation are visible not only in economic indicators but also in our daily choices, from the architecture we dwell in to the vehicles we prefer. Historical Insights: Taxes and Their Quirky Outcomes Take, for instance, the infamous Beard Tax of 1698 instituted by Peter the Great of Russia. His attempt to Westernize Russia led him to tax facial hair, compelling men to either shave or pay to keep their beards. While this was an explicit means to change behavior, more subtle tax incentives shape our surroundings in profound ways. In 18th and 19th century England, a property tax based on the number of windows resulted in the unusual practice of bricking over windows to lower tax liabilities. Similarly, in Paris, taxes levied per floor of a building led architects to innovate the Mansard roof, allowing space to flourish while avoiding tax burdens. Modern Impacts: The Chicken Tax and Consumer Behavior Consider the Chicken Tax of the 1960s. When European tariffs were slapped on US poultry, President Lyndon B. Johnson retaliated with tariffs on European light trucks. This resulted in clever manufacturing practices where companies disassembled vehicles to sidestep taxes. Today, those very tariffs still influence which vehicles are available on the market. Tax Policy Evolution: The Broader Economic Spectrum The implications of taxation extend beyond quirky historical anecdotes. Taxes influence purchasing behaviors as well. Research highlights that consumers are less likely to buy products when they see sales taxes included in the displayed price, proving how taxes can significantly sway market trends. For instance, laws that exempt children's clothing from value-added taxes in the UK encourage budget-savvy adults to purchase from 'teen' sections. Furthermore, the dynamics of capital gains taxes substantially alter investment behaviors: when tax rates are raised, the frequency of selling assets drastically declines, exemplifying how intent and response diverge within tax policy. Takeaway: Understanding the Behavioral Impact of Taxes While taxes are often seen merely as obligatory contributions, comprehending their power over our decisions—from what we wear to how we invest—can lead to more informed decisions both on personal and legislative levels. Awareness of these influences can empower consumers to leverage tax laws to their advantage. Understanding the odd but powerful ways taxes impact our lives reminds us to anticipate and analyze the incentives behind tax policy design. As history has shown us, the consequences can be anything but trivial.

Detroit Pistons and Comerica Bank Launch Initiative to Empower Local Entrepreneurs with SHOP313

Detroit Pistons Join Forces with Comerica Bank to Empower Local Entrepreneurs

Highlighting Small Businesses at Every Game

Digital Marketing Boost for Emerging Businesses

A Look at the Launching Businesses

Long-term Commitment to Community Growth

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