On March 14, over 100 members of the region’s technology, workforce, recruiting and education communities convened at CIT in Herndon for the NVTC Workforce and Education Committee and Fairfax County Economic Development Authority’s Best Practices in Talent Recruitment panel event and Talent Provider Showcase.

ABBTECH Professional Services President Threase Baker, Altamira Technologies Corporation Chief Human Capital Officer Ray Khuo and Deloitte Federal Talent Acquisition Leader Kendy Rusiewski headlined an engaging panel session which was moderated by Tonia Patt, Principal at My Talent Consultant. Panelists discussed their involvement in the NVTC Tech Talent Employer Collaborative which brings NVTC members together to explore the current and future talent needs of the region’s technology employers and instituting programs to positively affect the development of a workforce with the right skills and competencies.

Speakers shed light on some of the challenges they face in recruiting tech talent in the region. Some of these recruiting challenges include:

  • Long delays for secret clearance positions due to the lengthy security clearance process
  • Finding talent with the necessary certifications, especially in cybersecurity, and the difficulties candidates face with transitioning certifications from one position to another
  • Developing attractive benefit packages
  • Building a well-rounded recruiting team with passion and high-level communications skills

Panelists also highlighted their best practices for tech recruiting. Some of these include:

  • Referrals: the majority of panelists agreed referrals were a top pipeline for getting qualified candidates in the door
  • Utilizing innovative technologies like AI to find qualified talent and using technology to tap into the social and professional networks for high-performing current employees in order to “meet them where they live”
  • Engaging with the potential talent pool earlier through involvement in in high school STEM programs and college co-op and internship programs

The event also featured a Talent Provider Showcase where attendees connected with the region’s academic institutions and talent providers and learned about how their tech-focused programs producing graduates with the most in-demand skills.

March 14 panel v1

March 14 Showcase v1

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

2018 Capital Data Summit: AWS Keynote

March 15th, 2018 | Posted by Alexa Magdalenski in Capital Data Summit - (Comments Off)

The second annual NVTC Capital Data Summit took place on Feb. 28, 2018 at The Ritz-Carlton, Tysons Corner. The Summit’s second keynote was provided by Alan Halachmi, Senior Manager, Solutions Architecture, Amazon Web Services, and Ben Snively, Principal Solution Architect, Data and Analytics, Amazon Web Services.

Halamachi discussed the rapid growth of the big data ecosystem through connected devices, cloud computing and more, and shared how organizations must have strong metadata management and accessibility in order to fully leverage real-time data insights. Snively shared how Amazon Web Services’ analytics solutions in artificial intelligence and deep learning are being put into practice to serve a variety of customers and causes. Snively highlighted the radical shift today in how people are interacting directly with systems, creating more data than ever, and driving demand for rapid insights at the edge.

View full video from AWS’ keynote below!

Snively v1 Halachmi v1

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Is your organization a startup or in its early stages? In their new member blog, Alvarez & Marsal Taxand shares opportunities around the 2018 Qualified Small Business (QSB) R&D Tax Credit for your small business. Read on to learn more!


AM_Taxand_Logo_Wordmark_color (2)Last year, many early-stage companies significantly reduced payroll taxes thanks to a new federal tax credit including many of our startups in the tech industry. The Qualified Small Business (QSB) R&D Tax Credit, passed into law in 2015, allows qualified small businesses to offset OASDI (i.e. social security) taxes with R&D tax credits originally claimed on federal income tax returns. The 2018 calendar year presents yet another opportunity for companies to realize these savings. How are these credits achieved?

1. Assess Eligibility – Companies must have less than $5MM of revenues and no revenues prior to 2013. The credit is most applicable to companies with early and high expenditures in R&D before starting to generate revenue. Common examples include companies in deep technology, biotech & life sciences, and manufacturing. Further, companies with at least $300K in annual payroll are most-likely to realize a material benefit.

2. Plan Ahead – Companies seeking QSB R&D Credits this year must first claim the credit on 2017 federal income tax returns. Since a company may not amend an income tax return for the credit, it is important that companies interested in this credit NOT file federal income tax returns without first assessing whether or not they qualify for the credit. Remember, savings cannot be realized until one quarter AFTER the income tax return is filed. Thus, if you’re planning on taking advantage of the QSB Credit opportunity DO NOT WAIT! 2017 Returns must be filed before March 31st, 2018 if you want to bank these savings by the second quarter of 2018.

3. Seek Assistance – While QSB Credits often produce significant savings, they are not a “free lunch.” Not only do companies without experience in this area run the risk of leaving savings on the table, but they could also incur interest and/or penalties related to payroll tax mistakes. Reach out to an advisor for assistance in assessing if QSB Credits make sense for your business.

Our team at Alvarez & Marsal Taxand is ready to assist any company interested in these savings. For more information, please click here.

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS