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Wednesday, March 16, 2011

The Work Buzz's Latest News: Companies hiring this week



The Work Buzz's Latest News: Companies hiring this week


Posted: 15 Mar 2011 10:13 AM PDT
If you’re superstitious, you’re probably bewaring the Ides of March today. As a result, you’re likely trapped inside your home today, not answering calls from your pals who just want to take out you for a nice dinner.
So, while you have time to spare, why not spend the day job hunting? We’ve made it simple for you. Here are 10 companies hiring this week:

1.Morgan Stanley
Industry:Information technology
Sample job titles: .Net (C# / SQL Server) senior distributed developer, senior database developer
2.American Senior Communities
Industry: Nursing
Sample job titles: Assistant director of nursing, certified nursing assistant
3.Dr. Pepper Snapple Group
Industry:Sales
Sample job titles: Merchandiser, account manager
4. EarthLink Business
Industry:
Telecommunications
Sample job titles: Technical support analyst, warehouse technician
5.Iron Mountain
Industry: Transportation
Sample job titles: Courier, transportation coordinator
6.Pharmerica
Industry: Pharmaceutical
Sample job titles: Pharmacy technician, consultant pharmacist
7. Adidas
Industry: Retail
Sample job titles: eCommerce product analyst, sales associate
8.Netflix
Industry: Manufacturing
Sample job titles: Operations supervisor, machine operator
9. Guaranty Bank
Industry:Banking
Sample job titles: Branch manager, personal banker
10. Hyatt
Industry:
Marketing
Sample job titles: Corporate manager of digital media, manager of international digital media and strategy

Tuesday, March 15, 2011

The Work Buzz's Latest News: How to find a mentor and increase your odds of career success



The Work Buzz's Latest News: How to find a mentor and increase your odds of career success


Posted: 14 Mar 2011 12:36 PM PDT
There's a simple secret to the success of some of history's most accomplished people. They've had incredible mentors.
Bill Gates has one in Warren Buffet. Oprah Winfrey has one in Maya Angelou.  Yves Saint Laurent had one in Christian Dior. Aristotle had one in Plato, who had one in Socrates — and the list goes on.
Yet mentorship, while consistently cited by leaders as one of the most beneficial "get ahead" tools for the working world, also seems to be one of the most under-utilized, both by individuals and the companies they work for. According to a recent survey by consulting firm Accenture, fewer than one-third of those polled (32 percent of women and 31 percent of men) reported having a formal or informal mentor, and only one-in-five respondents said that their company had a formal mentoring program in place.
Additionally, when asked what tactics they'd previously used to move their careers forward, only 19 percent of workers said they'd used mentoring as an advancement strategy. In comparison, 59 percent had sought additional training or education, 55 percent had taken on additional responsibility at work, 37 percent had asked for a raise or promotion, and 30 percent had used networking to get ahead.
The relatively small number of workers with mentors is especially surprising considering the list of benefits to be gained from these relationships. According to the survey results, the following were the most common perks cited by those in a mentorship:
  • Mentor provided guidance and advice — 81 percent
  • Mentor helped plan career moves — 45 percent
  • Mentor acted as a sounding board — 43 percent
  • Mentor publicly supported/endorsed mentee for a promotion — 32 percent
Think you could use a business mentor, but not sure how to find one? Here are a few things to keep in mind as you set out on your search:
1. "Mentors" and "role models" are different:  It's great to have people that you can look up to in your career, but these role models are different than formal mentors. "Professionally, there is room for formal mentoring relationships and role models," says Dave Sanford, an executive vice president at staffing firm Winter, Wyman. "[But] I think mentoring is more of an active process — there is open communication, you can share personal information and not feel judged or fearful of jeopardizing your career. With a role model, it's more that a person is leading by example. They demonstrate ways to do things and ways to behave. A role model might not even know they are being viewed as such; it's more of passive process."
2. Don't choose your boss: Your boss can serve as an excellent role model in your career, but be wary of entering into a "formal" mentoring relationship with your direct supervisor. "It may feel like your boss is too close professionally to serve as a supportive mentor," Sanford says. "For example, if your boss had to press you for performance improvement; sometimes it can get muddy and that may create reluctance. While a mentor needs to understand who you are and what you do professionally, chances are, they are a few steps removed from your day-to-day work, enabling their feedback and advice to be clean and unbiased. Mentors can come at things from a unique and very helpful vantage point."
Additionally, you should be able to be candid with your mentor about your desired career path and your goals. Doing so with your boss could create a direct conflict of interest when you're ready to move on from your current position.
3.  Look for someone in your field: A great mentor will be able to provide you with advice and guidance when it comes to your career. A really great mentor will also be able to introduce you to other valuable connections in your industry. Choosing someone who is not just a great leader, but a great leader in your industry will provide these extra networking benefits. 
4. Test the waters: Have someone in mind but not sure if they're interested in being a mentor? Test the waters by telling the person that you value his or her opinion, and ask if they’d mind giving you advice about a career predicament you’re having. If the person is eager to help, he or she will likely be open to the idea of becoming a mentor.
5. Don't be afraid to ask: "With the demands of the workplace, you will likely need to ask someone to serve as a mentor as they may not have the time or inclination to suggest it themselves," Sanford says.
While the fear of rejection might make your nervous, chances are, your risk will be worth it.  "Professionals are usually very open to mentoring — it's a great compliment as it shows that you respect the person and value his or her opinion and way of doing things. More than likely, they will accept and feel pleased to have been asked," he says.
If they do happen to decline, don't take it personally. "The reasons are most likely due to not having the time to properly devote to the mentoring role," Sanford says. Keep searching until you find someone who does.

Sunday, March 13, 2011

Moola Days



Moola Days


Posted: 11 Mar 2011 10:03 PM PST
Getting your kids to save money can seem like a challenging proposition. Let’s face it: kids are being brought up in a very materialistic, “keeping up with the Joneses” type of society. They see all kinds of cool toys and gadgets on TV, and they think they have to have them too. The unfortunate fact is that most kids are not being taught how to save that all. For this reason, it’s going to be completely up to the parents to teach their kids how to save for the future and why it’s so important. Here are 10 quick tips for teaching your kids how to save money.
1. Show them the bills: It’s very important for parents to be realistic with their kids. This means sitting down with them when they’re at a reasonable age and showing them how bills work. If you have to write it down on a dry erase board and explain to them income and outgoing bills.
2. Splitting up their cash: When a child receives money for their birthday or by way of allowance, get them into the habit of taking a certain portion of that to save. Explain to them that the money is off limits and will be put into a savings account or piggy bank.
3. Set up an account: When a child hits the age of about six or seven, it’s important for the parents to take them down to the bank and have them set up a savings account. This is something that they can be proud of. Make a game so that they’re very excited about filling out their deposit slips to put money into the bank on a regular basis.
4. Get a digital savings bank: They’re all kinds of digital savings bank’s available that will count the child’s money and keep track of how much they are saving. Different than your traditional piggy bank, this will be something that a child can regularly look at and see how much money they are accumulating.
5. Help them set goals: If a child wants to purchase something on the expensive side, help them set a goal of how much money they need to earn in order to buy the item. Maybe they can cut out a picture or even draw one that they can hang on the wall to remind them of what they’re working towards.
6. Matching: Some parents opt to match their child’s savings as a way of keeping them motivated. Similar to how an employer will match a 401(k) contribution, offer to match a child’s savings dollars for dollar. This is a great way to work with a teenager who wants to buy a car!
7. Modeling: By far, the best way to show your child how important saving money is would be to model it in your own behavior. If a child grows up in a home where money is never discussed or the idea of savings is never brought up, they will have no idea how to handle their own financial affairs.
8. Talk about how to spend money: When your child wants to spend their money on something, have an open and honest talk with them about whether or not the item is really worth the money. For instance, if a child gets $50 from their grandparents for Christmas and wants to immediately spend it, work with them on deciding whether or not the item they want to purchase is worth the investment.
9. Talk about the future: As a child gets older, it might be worth it to sit down with them and show them how money grows using compound interest. Kids are often amazed to see how much money grows over time if you just leave it alone!
9 Quick Tips for Teaching Your Kids to Save Money is a post from: Moola Days


Moola Days



Moola Days


Posted: 13 Mar 2011 12:08 PM PDT
Your credit score is more than an arbitrary number. It is used to work out your eligibility for finance, which means it will have a direct impact on the quality of your life in that you may or may not be able to get finance for a home or take out a credit card. So if you have a low credit score and would like to raise it, here are five surefire ways to help you get started.
1.) Track Your Credit Score
Out of sight out of mind is not a mantra that applies to improving your credit score. While some may choose to remain blissfully ignorant when it comes to their credit score they are not doing themselves any favors. For those who are worried that their credit score may not be the best simply ignoring the problem will not make it go away. You should be fully aware of your current credit score so you aren't caught by surprise. There are many online services that allow you to view and track your credit score, often for free. Keeping up with your credit score is the first step to managing your credit score as it keeps you informed of any problems that may come up and sets you on a path to fixing those problems.
2.) Use Your Credit Care Sparingly
Racking up large amounts of debt on your credit card can severely cripple your credit score. The less you charge to your card, the better. A good rule of thumb is to keep your monthly expenses at or below 30% of your card's credit limit. Many credit care companies allow you to set a monthly limit and will send you e-mail alerts when you are approaching that limit. Keeping your monthly balance well below your credit limit will help improve you credit score. Maxing out your credit card will severely impact your credit score in a very negative way so make sure you stay as far from your credit limit as you possibly can. Otherwise you're just asking for trouble with your credit score.
3.) Pay More Than Just the Minimum
While it may be tempting to charge to your credit card more than you know you can pay and then simply pay the monthly minimum payment that is one of the easiest ways to rack up a debt that you are incapable of paying on in a timely manner. The best way to avoid a mountain of future debt is to pay off your entire credit card bill every month. Of course, to do this you'll need to make sure that you're spending only as much as you can afford to pay but in these trying times you should be trying as best as you can to live within your means. Paying off your monthly bill in full is a great way to build credit and improve your score if you've had problems with it in the past.
4.) Stick With One Card
An ongoing balance with multiple cards will not reflect well on your credit score. A good way to keep your credit score at a desirable level is to keep as few cards as possible active. Also, your credit score will improve the longer you keep a card active so long as you're paying off the balance in full each month. Instead of moving on to another card that you feel might work better for you stick with the one you have. The longer you use a card the more good credit you're building. Also, it will help you stay within your budget as it's very easy to get behind on your payments when you have your finances spread across multiple accounts. Keeping just one card active and sticking with it for an extended period of time will help you build trust with that company and improve your credit score.
5.) Keep an Eye On Your Credit Limit
Being mindful of your credit limit can keep your credit score from being artificially low. If you notice that your credit score seems lower than you feel it should be call your lender and verify your limit. Many times if your issuer doesn't report your credit limit to credit bureaus the bureaus will simply use your highest balance as a proxy for your credit limit, making it appear as though you are regularly maxing out your cards. Making sure that your credit limit is being accurately reported to credit bureaus is another way to improve your credit score.
5 Easy Ways to Improve Your Credit Score is a post from: Moola Days


Saturday, March 12, 2011

The Work Buzz's Latest News: Where are the jobs? We’ve got the answer



The Work Buzz's Latest News: Where are the jobs? We’ve got the answer


Posted: 11 Mar 2011 09:04 AM PST
If you're a job seeker, then you probably follow employment news pretty closely. You probably already know that the economy added 192,000 jobs in February, and you've likely read the surveys  that suggest hiring will pick up this year. What you might not know, though, is where the heck all these job openings are.
We know that you're wondering this because, here at TheWorkBuzz we get asked, "Where are the jobs?" almost every day.
In the past, we've answered this question by analyzing data from sources like the BLS, CareerBuilder job postings and third-party surveys. And, as phenomenal as we'd like to think our manual analysis has always been, a high-tech tool will now help us more easily and accurately tell you where the jobs are.  
CareerBuilder’s new Supply and Demand Portal will pull data from national employment resources such as CareerBuilder.com, Wanted Analytics and Economic Modeling Specialists, Inc., accessing more than 45 million jobs, 40 million résumés and 140 million worker profiles. Then, based on the number of available jobs and available candidates, the portal identifies occupations and corresponding markets with the greatest supply and under-supply of candidates. (We're good, but we're not that good.)
The following is sample data from the Supply and Demand Portal, from industries where there is a growing gap in the number of workers needed to fill job openings.
1. Nurse practitioner — .23 active job seekers for every position
Baby boomers begin to turn 65 this year, which will have twofold implications on the health care industry. First, it means that a large part of the population will begin to retire at a faster rate, leaving jobs to fill in health care. At the same time, the country's aging population will have a greater need for health care services.
2. Database administrator — .26 active job seekers for every position
Most companies long ago traded their file cabinets and paper trails for database systems, but the digital information just keeps piling up.  Demand is high for workers who can not only manage this flood of data, but who can extract necessary information from it.
3. IT security — .59 active job seekers for every position
In the last year alone, companies like Google, AT&T and Gawker Media have fallen victim to hackers. Employers aren't taking any chances with their network security.
4. E-mail marketer — .69 active job seekers for every position
Right now, your e-mail inbox is probably clogged with newsletters, coupons and promotions from every company you've ever shopped with. Because you're inundated with dozens of these e-mail messages each day, there's high demand for e-mail marketers who can create eye-catching, engaging messages that make recipients actually want to click "open" instead of "delete."  
5. Financial adviser — 1.2 active job seekers for every position
Post-recession, Americans have a new appreciation for the value of a dollar, and people are concerned with building their emergency funds and getting retirement accounts back on track. As baby boomers start to retire, the need for financial advisers will become that much more urgent.
6. Environmental engineer – 1.25 active job seekers for every position
You've heard of blue collar job and white collar jobs, but "green collar" jobs are currently one of the country's hottest employment areas. In addition to a national trend toward the environmentally and eco-friendly, a variety of government initiatives introduced last year — like the $2.3 billion clean energy program and the $2 billion in loans given to emerging solar power companies — have contributed to substantial job growth in the green jobs sector.
7. Sales engineer — 1.72 active job seekers for every position
Salespeople directly contribute to a company's bottom line, so is it any wonder that these roles are some of the first that rebounding companies are looking to fill? Sales engineers take the role one step further, managing more complex deals and partnerships, and providing customer service along the way.
8. Social media manager – 1.78 active job seekers for every position
According to a report by research firm eMarketer.com, 80 percent of U.S. businesses with more than 100 employees plan to make social media a part of their marketing campaigns this year. Social media managers monitor user engagement, create content and analyze metrics for platforms like corporate blogs, and Facebook and Twitter accounts.
9. Compliance analyst 2.52 active job seekers for every position
Post-recession, companies are being held under greater scrutiny and must meet with more stringent local, federal and state regulations. Organizations — in particular health care and financial firms – need people who can understand relevant laws and help in establishing policies and training programs for employees.
10. Writer (technical and other) – 3.31 active job seekers for every position
As technology gets more complex, someone has to explain its nuances to users. Technical writers clarify new products, upgrades and features in user manuals, brochures and online help centers.
Thoughts on this new tool? Let us know in the comments section, below.

Friday, March 11, 2011

The Work Buzz's Latest News: “How do working moms handle spring break?” plus 1 more



The Work Buzz's Latest News: “How do working moms handle spring break?” plus 1 more


Posted: 10 Mar 2011 02:21 PM PST
For students, spring break is a week of freedom that makes the long stretch between winter break and summer vacation. If you're a student's parent, however, spring break can also be a week-long headache that forces you to overhaul your daily routine.
For a working parent, spring break can be burdensome because it involves finding some form of child care for the blissfully vacationing student. Unless your child is old enough to take care of himself or herself, you have a few options: Find a sitter, find a week-long camp, bring the children to work or take the week off. Therefore most of your options either cost you money or time.
If you're a working mother, your situation is probably even more difficult. According to the latest American Time Use Survey from the Bureau of Labor Statistics, women spend more time handling child care issues — and overall household responsibilities — than their spouses do. And single mothers shoulder all of the responsibility. (We're not discounting the contribution of fathers, especially single fathers who also carry the weight of their households, but statistics show that mothers remain the primary caretakers for their children, even when both parents work outside the home.)
That's why, for one week each spring, children are enjoying their freedom while moms are counting down the days until everything is back to normal.
The dilemma
"Spring Break is a challenge," says Jennifer James, a self-employed public relations practitioner in Oklahoma City. "I always want to be that family that plans three months ahead and takes a memorable trip, but more often than not I have to work through it. Most years, I put my kids in art camps at the local museum or art center."
Although these camps cost money, they allow James and other working mothers to fulfill their business obligations. This year she gets to enjoy the time off, as her mother will care for the children for half of the week and James will take the other days off. Still, that doesn't mean she doesn't wish they were all somewhere else for the week.
"I always wish we were on the beach, but it just seems so unrealistic, especially with summer vacation just around the corner."
James isn't alone in thinking about the full calendar year, either. Other working moms were quick to point out that this is a one-week dilemma they face every year, but summer vacation is a three-month ordeal requiring even more attention. Lisa Oakley, business owner and mother of two children, ages six and eight, faces the issue every year.
"It is definitely a source of constant stress for me. As a business owner I can’t simply walk away every time my kids are out of school. Yet, as a mom, it’s really agonizing not to be home with them. I try to mix up the time between camp, staying home and bringing them with me to work," Oakley says. "Even though this is not a new issue for me, I find that I am hit again with the accompanying emotions each time."
Oakley says that, while her husband is an involved father for their children, he earns more and therefore she is expected to take days off of cut back on hours when necessarily. She wonders what long-term affects these decisions have on her career, but she also admits that time with her children is worth the sacrifice.
Plan, plan, plan
The fun (read: chaos) of motherhood is that no matter how much you plan ahead, life will throw you off course. Working mother Ellen Huxtable never relies on a single plan for that reason. She first looks at the school calendar and works out her schedule in advance — at least as much as possible.
"When planning projects and meetings, I try to schedule things so they don’t fall during vacation periods," Huxtable says. "If there is a problem with my arranged childcare and I have no choice but to miss a day of work, at least I won’t be missing a major deadline or meeting."
Still, she has a backup plan in case a day off isn't possible.
"This is less critical if you have commercial outside childcare, but if you’re relying on friends and family, it’s good to have a plan B and plan C alternative on alert. These might be other moms you know and trust, who would not be able to take care of your children consistently, but could help out in an emergency."
Even friends and family who regularly watch your children aren't available seven days a week. For other moms, like Rebecca Heery, her children's vacations are a mix of resources.
"I have two children with two different spring break dates. My youngest is in the middle of hers at the moment and my oldest has hers in April. They have never had coinciding spring breaks so I put my parents on notice every year that they are responsible for their grandkids during spring break," says Heery, the director of marketing for Georgia Reproductive Specialists.
In her family, the grandparents don't visit for the traditional winter holiday season. Instead, her children visit their grandparents in Texas and South Carolina. These annual family vacations allow her and her husband to do their jobs, and she's grateful for them.
Meanwhile, Nichole Mann, who has several part-time jobs and two children, has too coordinate several schedules every year when spring break rolls around. Her husband works weekend but she doesn't, so that they only have to turn to family and friends on for any days that they aren't able to take the day off.
"I’m luckier than most moms in my area [Cincinnati]," Mann says. "Child care here is expensive and dominated by small home care operations that are hard to get into."
And for other mothers whose jobs and finances allow, a week off for students means a week off for moms.
"As a single mom with a professional development and training firm that employs several other single moms in the Atlanta area, I actually now schedule our classes and client appointments around those breaks," says Lisa T. Richardson of Academic & Technology Solutions. "It also forces me to take some time off when I otherwise might not. I look forward to spring break as much as the kids do."
Considering how much energy it takes just to plan for their children's spring break, all working moms could probably use a vacation once school is back in session.
Posted: 10 Mar 2011 10:08 AM PST
Nearly 20 percent of workers plan to participate in March Madness at the office this year, according to CareerBuilder’s annual survey on the celebrated spring pasttime.
Unsurprisingly, more men than women plan to participate in office pools, at 28 percent of men versus 11 percent of women.
When broken down by region, it appears that, at 27 percent, more workers in the Midwest have played March Madness brackets than any other region. They’re followed by 20 percent in the Northeast, 17 percent in the South and 16 percent in the West.
But the survey also revealed that you don't need college basketball to stir up that competitive co-worker spirit.
The search for a new pope will do just fine, thanks.
Office pools come in all shapes and sizes
According to the survey of more than 3,900 workers nationwide, employees are finding all sorts of ways to mix things up – none of which have anything to do with Notre Dame. When asked to reveal the most unusual office pools they've placed bets on, participants revealed the following:
  1. How long someone could keep binder clips attached to his body.
  2. What time during the day a co-worker would fall asleep at her desk.
  3. The number of words a manager would say in a meeting since he was very quiet. The winner was a co-worker who guessed 11 words.
  4. The measurement in inches around a pregnant co-worker's belly.
  5. What a co-worker would use as his next excuse to call off work.
  6. How many people would call in sick the day a new video game came out.
  7. How late a co-worker was going to be to a meeting.
  8. Who would be the next pope.
  9. Who would win the National Spelling Bee.
  10. Blood alcohol results on drunk patients.
  11. How long two co-workers would date.
  12. Who could grow the best mustache.
Can betting on other teams help you bond with your team?
While some of these pools may seem silly (and fall into a grey ethical area at times), the larger implication of a survey like this is that maybe you and your co-workers could use a little silliness right now. In fact, research has shown – and many experts agree– that a little friendly competition in the office can be a good for morale.
What are your thoughts? Do you find that your co-workers strengthen when you participate in workplace competitions? What's the most unusual office pool you've ever participated in?

Thursday, March 10, 2011

Moola Days



Moola Days


Posted: 09 Mar 2011 09:27 PM PST

Taxes are no doubt a huge topic of debate among people, especially among politics. However one thing is evident about taxes, and that is everyone is obligated to pay their taxes. Failure in paying or filing taxes can result consequently with harsh penalties. You don’t want to be the individual faced with such difficulties with the IRS. Did you know about 97% of citizens pay their taxes? The IRS mandates that every individual pay their taxes to ultimately help fund works from the Government. And the way the system is set up, it is better to come clean on “your own free will,” opposed to being caught by the IRS for tax evading. These are just some speculations you should take into consideration because tax evasion is sure not a fun issue, especially when being caught. At this point, you must be saying, “Okay, okay I get it. Just what can I do to legitimately reduce some of my taxes?”
If you didn’t know, the government has some leeway on some individuals. If you fall into any of these categories, you can find yourself saving extra dinero in your wallet for whatever you please, legitimately. But just be wary of the fact that tax policies do change overtime, and in no way do tax policies stay permanent forever. Politicians are probably still battling it out as we speak.
1. Volunteer work
If you didn’t know, the government recognizes those individuals who help volunteer on their own free time and enables them to be compensated for itemized sacrifices they have to make. For example, if you volunteer for driving people in the community to certain destinations, the government gives back $.14 for every mile you drive. Bottom line, keep good records of your charitable activities of certain financial sacrifices you have to make. Keep your receipts and if your contribution totals more than $250, realize you'll need an acknowledgement from the charity documenting the services you provided. Although it may not seem like you will be saving much, every bit counts.
2. Business trips
If your job includes business trips, the price for boarding on an airplane or traveling in general can add up to be a rather hefty price tag. Keep documents of traveling expenses. Don’t throw away your receipts, or leave them in your coat pockets never to be seen again. Keep them stashed away in a safe location so you can send them for evaluation when tax season comes.  The government enables you to write these off as part of your miscellaneous deductions when you decide to file your tax report. You are allowed to write-off for shipping and baggage costs as part of your miscellaneous deductions as well.
3. Independent contractor
If you are among one of the many unfortunate people who are currently unemployed, many seek freelance jobs on the web and file as being an independent contractor. Basically what this means is that the person is now filed as self-employed and it happens so that the government acknowledges the fact that these individuals do not have the same working station as those who are filed as dependent contractor. Thus, equipment necessary for your business can be considered tax deductible as long as it proves to be some use for your business. So to speak, it is the government’s way of encouraging individuals to start their own business.
4. Donate for a worthy cause
If you didn’t know, you can donate stuff that you no longer need to charitable organizations in return for a tax deduction. This can include clothes that you are now too small to fit, electronics, furniture, appliances, and many other items. The only thing that the government requires is that for big ticket items worth more than $500, be appraised from an authorized appraisal company. Of course, this service will be tax deductible.
5. Networking for Cash
The business of doing business as you travel means calls to connect with contacts, faxes to confirm orders and internet access to research information. When you pay a surcharge to stay connected, such as for hotel phone calls or coffee shop internet access, count that fee toward your miscellaneous deductions. Make sure to get itemized bills from your hotel and receipts of your networking transactions so you have solid records. You can even deduct 50% of the charge for the vanilla latte that kept you awake through your boss’s lengthy emails when traveling. You can deduct half of what you pay for business meals and entertainment not reimbursed by your company.
6. Hire a professional accountant
Although hiring a professional accountant isn’t considered a tax deduction, it may be a smart move on your part during times of uncertainty. Professional accountants study the ever changing tax policies and know things that you may not. Thus, if you are having difficulties and have reason to think you may be eligible for certain tax deductions, it may be the difference of saving hundreds from the IRS, legitimately. The service fee itself generally pays itself.
7. American Opportunity Credit
This tax credit, which has been extended through 2012, is available for up to $2,500 of college tuition and related expenses paid during the year. The full credit is available to individuals whose modified adjusted gross income is $80,000 or less ($160,000 or less for married couples filing a joint return). The credit is phased out for taxpayers with incomes above those levels. It also covers all four years of college, and if the credit exceeds your tax liability (regular and AMT), it is partially refundable.
8. Student loan interest paid by the parents
The government encourages parents to send their children off to college. And one of the many ways they are doing this is by easing their taxes if those parents decide they are in need of a student loan. Parents who are filed jointly and have a modified adjusted gross income of less than $100,000 annually, are eligible to deduct $2,500 without any liability whatsoever for either parties, off their student loan. Modified adjusted gross incomes between $105,000-$130,000 are still eligible to receive tax deductions, except they should expect less than the full $2,500.
9. Job-hunting costs
If you're among the millions of unemployed Americans who were looking for a job, keep track of your job-search expenses. If you're looking for a position in the same line of work, you can deduct job-hunting costs as miscellaneous expenses if you itemize, but only to the extent that the total of your total miscellaneous itemized deductions exceed 2% of your adjusted gross income.
10. Moving expenses for your first job
The government now compensates you $0.16/mile, and in addition, the price of tolls and parking fees if your first job is at least 50 miles from your original home. If you qualify, you can also deduct the cost of getting yourself and your household goods to the new area.
11. Credit for Child Care
Missing an opportunity to save on tax credit opposed to missing a tax deduction hurts much more because credit is looked upon dollar by dollar and can save you tremendous amounts of money. Whereas tax deductions, is always subject to evaluation to figure out the final calculation. Parents who have children who are filed as dependent under the age of 12 and cannot care for themselves, are eligble to receive funding from the government up to $6,000 in child care. For more information on the credit for child care, I definitely recommend reading this article from About.com.
12. Health insurance deduction for business owners
It has always been the case that business owners are able to receive a tax deduction on health insurance for themselves and their family. It just happens so that the place to write this off in the tax form in line 3 of Schedule SE, is pretty concealed. Hidden enough that a normal person would not figure out that line 3 may be where they would add their information for a deduction if they qualified because they do not provide an extra line.
Another word of advice is to not go through all the headache and try to “game” the system. Generally the IRS do not approve of any type of scheme that operates to bypass their tax system and eventually these schemes just ends up causing the individual more headaches, more hoops to jump through, and a greater risk of being audited by an IRS agent. Everybody has to contribute a fair share to ensure the government is able to facilitate to its fullest capabilities. That is how our current system works. The only real way to lower your taxes is to take advantage of these savings when given the opportunity.
12 Common Tax Deductions Most Individuals Overlook is a post from: Moola Days


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