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New Year Resolutions for the Workplace


The New Year means new beginnings - a great time to set both personal and workplace goals. Here are some ways to help you ring in the New Year with resolutions specific to the workplace.



I resolve to do the best job I can each day. Do you understand what's expected of you at work? Employees who recognize what is expected of them not only perform best but enjoy their jobs more. Schedule a meeting with your boss in the New Year to understand what your boss wants from you, and be on your way to a more satisfying work year.
I resolve to make the best of my commute to work. While you may not have the luxury of reducing your commute to work, there are ways to make it more enjoyable. For instance, if you drive to the office, perhaps it's a good time to catch up on all the reading you've been meaning to do by listening to books on tape. You can turn this "wasted" time into "me time" with simple tactics like these, and begin to make improvements to your work-life.
I resolve to make a commitment to improve my team work. Creating ways to work better with co-workers is a great way to not only increase your chances for advancement but can make your work-day more enjoyable and productive. Improve your work-relationships by fostering team work, encouraging open discussions and other strategies such as these that build team spirit.
I resolve to build up my career network. Building your network with mentors is a great way to connect with people who will share their experience and knowledge, and can assist you in shaping your current role or uncover future opportunities. Mentors can be available to share ideas and guide you through daily workplace issues - and open you up to other opportunities to help build your career.
I resolve to enjoy my current job or find the career I love. Can I find satisfaction in my current career or do I need to change paths altogether? As you enter the New Year, this is good time to assess where you are in your career. Do you need to make the long-term commitment to change careers, or perhaps if you're not ready to make this type of investment, it's a time to learn to love the job you're in. This can be as simple as making some small adjustments, from focusing on the projects you enjoy or asking to branch out into another division of the company.

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Top 9 Most Common Income Tax Errors


Tax time can be one of the most stressful times of the year. Ideally the taxes you pay out in your paycheck would be enough, but that is not always the case and sometimes there are credits or additional deductions you can take. That’s why it’s important that you don’t make any mistakes that could cost you more money. Here are 9 common mistakes taxpayers make:


  1. Not keeping receipts. If you plan to itemize your deduction, instead of taking the standard deduction, make sure you have receipts to back up your claims. Even if you don’t itemize, some other credits and deductions require receipts to prove your claim, so make sure you keep them. If you’re audited by the IRS, you will need to provide them.
  2. Missing the deadline. There really is no excuse for missing the tax filing deadline anymore, unless you’re otherwise incapacitated. If you know you can’t make the April 15th deadline, you can file for an extension. But since the advent of electronic filing, it is simple to file your taxes well in advance of the deadline. Failing to file a return will results in fines, so it’s best to file as soon as you have all of the necessary documentation.
  3. Improperly claiming a home office deduction. There are very specific IRS guidelines as to what qualifies as a home office and how much of that home office is deductible, including the costs associated with it. The home office deduction is also a trigger for an IRS audit, since so many taxpayers apply it improperly.
  4. Making miscalculations. If you’re filing your own taxes, make sure you get quality tax preparation software. Not only will they walk you through the entire process, but they’ll also ensure your calculations are correct. There is nothing worse than a simple math error on your return to result in a required payment instead of a deserved refund.
  5. Not filing a change of address. If you move after you file your taxes, you will need to inform the IRS using Form 8822. Otherwise you could get notifications from the IRS at your old address, which could include an audit notification. Not getting the notice do to an old address is not an excuse when it comes to the IRS.
  6. Paying by credit card. If you owe money when you file your return, paying by credit card will end up costing you more. Merchants typically pay a percentage fee of each credit card transaction to the processing company, plus a per transaction charge. The IRS, however, does not pay this. Instead, the taxpayer has to cover the charge. So you’ll end up paying about 2.5 percent more if you pay your taxes via credit card.
  7. Not paying payroll taxes for employees. If you have a housekeeper, nanny, gardener or someone else that you employ, make sure their payroll taxes are paid. Failing to do so will land you in the hot seat with the IRS.
  8. Forgetting your charitable donations. If you itemize your tax return you can claim your charitable contributions. Just make sure you have receipts to back up the donation.
  9. Not hiring a CPA. You’re biggest mistake of all could be not hiring a CPA to do your taxes. CPAs are skilled in taxation, are highly qualified and have to take CPE to ensure they know the latest tax rules. They’ll easily catch common mistakes you might make and may even be able to find some deductions and credits you missed on your own.
Filing your taxes doesn’t need to be hard or stressful. Just make sure you file on time and follow these tips to ensure you’re not leaving any money on the table or triggering an audit from the IRS.

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Working Capital for Large Scale Projects


Launching a large scale project requires the right financial advisers and proper planning. It’s important that your financial adviser is someone who has chosen to become a CPA. All CPAs are well–versed in financial planning and advising various clients on securing working capital and monitoring expenses. Every industry uses a CPA to ensure their accounting is sound and is operating efficiently. Even industries that have been operating for years need a CPA to ensure financial stability, especially when launching a large–scale project. One of the largest scale projects anyone can undertake is to produce a Hollywood blockbuster, like The Hunger Games.

If you’re not familiar with The Hunger Games, it is the first book in a trilogy written by Suzanne Collins which was made into a movie and released on March 23, 2012. The book follows Katniss Everdeen, a teenage girl from District 12. Panem is made up of 12 districts and the Capitol. Every year the Capitol hosts The Hunger Games in which two teenagers are selected from each district to compete to the death to become champion. The Hunger Games serve as a reminder to the citizens of the 12 districts of the rebellion of their ancestors against the Capitol years earlier. The Hunger Games dominated the box office for weeks and cost $75 million to make.

There are a lot of factors to consider when making a movie like The Hunger Games: paying the talent, paying the crew, distribution costs, editing costs, legal fees, marketing costs, tax implications and so forth. Not to mention managing the investments from producers appropriately. This is why most all movie studios have a CPA on staff to manage their accounts and track expenses. Just as a movie director blocks a scene and brings all aspects of a movie together, so does a CPA with finances.

Chances are if you’re making a movie, you want it to be successful. Who wouldn’t? But as the movie becomes more and more successful, the financials behind that movie typically become more complex. Investors need to be paid their share of the profit, which depending on the agreement, only increases with the movie’s success. There may also be contracts with actors in which they get a percentage of the overall profit as well.

Then there are tax implications to consider. As the movie makes more money, more of it will be taxed. How much of that profit should be reinvested into the studio to mitigate the tax implications? A CPA knows the answer and can manage the majority of your financial concerns. Choosing the right CPA is also important. While all CPAs that are licensed and have passed the CPA Exam are qualified and trusted financial advisers, not all of them may have experience in your industry. Picking a CPA with industry experience will only further ensure your financials are properly managed. Overall, it is vital to choose the right CPA for your industry and situation, especially for large scale projects.

No matter the project you’re working on, a CPA has the experience and skills to ensure your business plan and project have taken into account the full range of financial considerations. Hiring a CPA on contract or on staff is an important step and can give your business and project plan greater respect and assurance to investors. Ultimately, a CPA can make a great addition to your project’s management team and should be seriously considered for larger ventures.

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How to Obtain Your Dream Teaching Job


If you are passionate about helping children succeed in school and have ever considered being a teacher, now is a good time to set out a plan of action to make your dream job a reality.

Taking some time to get a strategy in place first can help you make solid, informed decisions leading to professional success. Consider the following:

Narrow Down Your Interests

Volunteering at local schools can help you narrow down your interests. Teachers in elementary schools typically teach many subjects, while in middle and high schools, teachers are more confined to a subject area like English or science. If you already hold a degree in English for instance, it would take less time for you to earn your teaching certificate and master’s degree in reading than it would in another area like science.

If you enjoy working with younger children, then a master’s degree in elementary education might be a good career path. In either event, volunteering and substitute teaching can help you gain experience while pursuing your degree online through a regionally accredited college or university.

Do Your Homework When Comparing Schools

When comparing schools or school systems in which to work, it is sometimes helpful to get a holistic view of the community. Schools often have events like plays, sporting events and musical performances which are open to the public. These events are great opportunities to get to know the school and to get a general "feel" of the community. With the flexibility of online learning, professionals can spend evenings and weekends taking classes. This frees up their time to volunteer or substitute teach at a variety of schools to compare communities before narrowing down the job search.

Gathering all the Details

Preparing the best résumé possible means you need to organize your experience and education in the way that best fits the job description. Also, take the time to prepare a unique cover letter for each position or school you are applying for. If you have done volunteer work at a school where you are applying, send a set of application materials directly to the principal at the school, as well as to the human resources department. Use the cover letter to explicitly detail your experience and career goals if you are still in the process of earning a degree, or are applying for a teacher’s aide position, but want to achieve certification.

Remember to use strong details on your résumé and in your cover letter. If you tutored a child for instance, don’t just say "his grades improved," use a more detailed approach, such as, "his grades went up from a D to a B+ in four subject areas." Using details in your résumé can demonstrate your competence to a potential employer.

Ace the Interview

Know the job description inside out and tailor your answers to meet the needs of the job. While it is hard to feel relaxed during an interview, it is important, especially for a teacher’s interview, to let your personality shine through. Be sure to prepare questions you have about the position ahead of time and ask them during the interview. Keep your answers relatively short and on topic. Remember to breath and focus on your goal. If possible, practice with a friend ahead of time.

After the Interview

When an employer is required to make a choice between candidates, small details can make a big difference. Within one week of the interview, send a detailed thank you letter indicating how much you appreciated the opportunity to learn more about the school and the job opening. In your letter, reiterate specific ways your skills match the job description. This piece of business etiquette is important to help seal the deal, and could be the factor that makes you stand out above the other candidates.

If you’ve been relishing the thought of becoming a teacher, your dream job may be closer than you think. With a solid plan of action and a little groundwork, you will realize that you can turn your dream into a rewarding and satisfying reality.

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The History of the Equal Pay Act and Its Impact on Women


Women have been facing pay discrimination for decades – and unfortunately, continue to do so today. In fact, women earn 79 cents for every dollar earned by men, even though they make up almost 50 percent of today’s workforce. [i]

When President Kennedy enacted the Equal Pay Act (EPA) in 1963, visit here http://www.eeoc.gov/, women were actually earning even less – or 59 cents for every dollar earned by men, according to the National Equal Enforcement Task Force. The EPA was enacted for this very reason; so that men and women are given equal pay for equal work. The following year, Title VII of the Civil Rights Act of 1964 further strengthened laws against discrimination by making it illegal to discriminate on the basis of sex for pay benefits, as well as race, color, religion, national origin, age, or disability.

Pay disparities as they relate to women is a much discussed and reviewed topic in the past century. According to the National Committee on Pay Equity (visit here http://www.pay–equity.org/info–history.html) , in 1942, because of the large number of women taking jobs during World War II, the War Labor Board urged that employers make adjustments to salary rates so that females were paid equally to men. Although pay equality was addressed, it was never enacted by employers at the time.

Following this, in the 1950s several bills were introduced by members of Congress to no avail. Enter 1963, and the Equal Pay Bill was introduced, followed closely thereafter by the Civil Rights Bill.

And decades still after the passage of the EPA, pay disparities between men and women continue to spawn the enactment of additional laws. Most recently, in 2009, President Obama signed into law the Lilly Ledbetter Fair Pay Act to further equal pay for women. And in 2010 the National Equal Enforcement Task Force was created, bringing together various government agencies, including the Equal Employment Opportunity Commission ("EEOC"), the Department of Justice ("DOJ"), the Department of Labor ("DOL") including the Office of Contract Compliance Programs (OFCCP), and the Office of Personnel Management ("OPM"). The mission of which is to further combat violations of equal pay laws.

In 2013 and beyond, it will be interesting to see if, when, and how, pay rates for women improve. Considering women’s make–up in the workforce, contribution to family finances, and in some case the sole bread winner, gender should not be a determining factor as it relates to pay.

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Gender Bias in Terms of Pay Continues – Women Still Earn Less than Men


Each year March heralds the celebration of women with National Women’s History month. This year, the National Women’s History project picked, "Women Inspiring Innovation through Imagination" as its theme (visit here to learn more http://www.nwhp.org/whm/index.php).With the subtext of celebrating "women in science, technology, engineering and mathematics," we thought this would be a good opportunity to explore how women fare in terms of pay as compared to men – and the news is not good Decades after the passage of the Equal Pay Act of 1963, and despite the Lilly Ledbetter Fair Pay Act of 2009 signed into law by President Barack Obama, the pay gap between men and women’s earnings continues.

While women make up nearly 50 percent of the labor force [ii], according to the U.S Bureau of Labor’s most recent Weekly Earnings Wage and Salary Workers report, released January, 2013, the median weekly earnings for men overall was $875. However, women held median weekly earnings of $692, or 79.1 percent of their male counterparts. [i] While disparities in pay scales decreased when looking at race, women still earn less than men regardless. African American women working at full–time jobs earned $594 weekly (compared to $680 for African American men – or 87% of male earnings), and Hispanic women earned $519 weekly, compared to $599 for Hispanic men, or 85% of male earnings. [i]

Why, in 2013, does the pay gap continue? Some studies suggest that women begin to earn less when exiting college [iii], while others state that women taking time off to raise families also has a material impact. Even if these factors do not impact you, disparities in pay practices are still at the heart of the matter.

Not to end on a totally negative note, there is some good news for women. Programs such as the Equal Pay Task Force set up by the President in 2010 (visit here), and legislation from government agencies, like the Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) to increase efforts to addressing pay discrimination, this matter is sure to be top of mind for women – and men – everywhere.

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The Employment Situation for Women – Their Unique Struggles on the Work Front


While those looking for work often struggle to find jobs, women, in particular, face numerous issues that compound the situation. From higher unemployment rates than their male counterparts, inequities in pay, and a higher reliance on minimum wage job, women must straddle numerous hurdles in the employment market.

Specific to unemployment, while adult women aged 20 and over saw their unemployment rate edge down in February to 7.0 percent (from 7.3 percent the previous month), according to the Bureau of Labor Statistic [i], race and ethnicity continue to determine whether rates of unemployment are higher. While white women in the 20 and over age bracket show an unemployment rate of 6.0 percent (an improvement year of year of 13 percent when unemployment was at 6.9 percent), African American and Hispanic women in the same age bracket continue to have an unemployment situation that is less positive.

In February, African American women held an unemployment rate of 12.5 percent, which is 6% percent higher than a year ago when the unemployment situation for this work bracket was 11.8 percent [ii]. Hispanics held unemployment at 10 percent. [iii], which is actually down from a high of 11 percent the previous year.

And compounding the issues on the work-front further, women also face pay disparities, earning 79.1 percent of every dollar earned by their male counterparts earn [iv]. Women are also straddled by further pay inequities as a result of their reliance on minimum wage jobs. In fact, according to the National Women's Law Center (visit here http://www.nwlc.org/), [v] and statistics from the Bureau of Labor, women represent nearly two–thirds of minimum wage workers. Some key facts:


  • Women made up about two–thirds of all workers who were paid minimum wage or less in 2012, and 61 percent of full–time minimum wage workers. Women were also nearly two–thirds of workers in tipped occupations in 2012. These workers provide care for children and frail elders, clean homes and offices, and wait tables. [v]
  • Women of color are disproportionately represented among female minimum wage workers. Black women were just under 13 percent and Hispanic women were just under 14 percent of all employed women in 2012,but more than 15 percent of women who made minimum wage were black and more than 18 percent were Hispanic.[v]
  • Most women making minimum wage do not have a spouse’s income to rely on, including more than three–quarters of women 16 and older and 59 percent of women over 25 earning the minimum wage.[v]


As with most of our reports, we like to end on a positive note. There are numerous legislations that have been enacted and continue to be updated to level the playing field, such as the Lilly Ledbetter Fair Pay Act of 2009 signed into law by President Barack Obama, passed decades after the Equal Pay Act of 1963. For more on the history of this, read our article here. 

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