How to Decide if You Need Help on Your Taxes

How to Decide if You Need Help on Your TaxesCredit Devrim Pinar/Shutterstock There is a world of difference between geschftliches miteinander and personal taxes. When it comes to personal taxes, filing manually or using online software can be a viable option for individuals with some financial background. For small business taxes, however, this is leid always the case.Like any software program, garbage in is garbage out, said Scott Berger, a principaltax expert at Kaufman Rossins tax and entrepreneurial services practice.While there are several tax software options for small business, the only way to get personal, valuable insight is by working with a professional, according to Berger. You could quickly find yourself in a garbage in is garbage out scenario if you lack knowledge on basic tax concepts and rely on tax software.If youve never done it before, you probably shouldnt start, Berger said. As with any problem, if Im Googling it, I really should find a professional. Time is always better served doing what you do and doing it right.Editors note Seeking atax debt relief service? Fill out the below questionnaire to have our vendor partners contact you with free information.Tax law can be immensely complicated, and business structure, personal filings and changes in the law can create major headaches for small business owners trying to manually complete taxes.The short answer Get professional tax helpThere are a few reasons why its important to seek out professional help when it comes to taxes. The first is that a tax professional can make sure youre paying the exact amount of taxes youre supposed to. Berger said it can be easy for inexperienced small business owners to accidentally overpay on their taxes. By not taking advantage of all the available deductions and incentives, business owners can end up overpaying simply due to a lack of knowledge.If you make an error or omit deductions that youre entitled to, its costing you money out of your pocket, Berger said. Looking for tax software to do your taxes yourself? Check out our reviews and best picks.The second reason to work with a professional is mora obvious to avoid errors. By making a mistake on your taxes, you expose yourself to penalties from the IRS. There are underpayment penalties, late filing penalties and various other penalties you could owe to the IRS if you dont file properly, according to Berger. By making an error on your taxes, you are exposing your business to financial risk.Berger also stressed how business owners should stay focused on running their business as opposed to dealing with operational tasks like filing taxes. A business is successful in the first place because its members are focused on growing the business and doing what they love.Most of these business owners should be spending more time working on their business, not in their business, Berger said. They should do what it is they do best. Are you in need of tax debt relief services? Check out our reviews and best picks from our sister site Business.com.Healthy tax practicesWorking with a tax professional also means establishing healthy tax practices so youre prepared to file. Tax season shouldnt be a looming time period to gather financial infoit should be a simple time period where there are no surprises, Berger said. By working with a professional, you can establish quarterly check-ins and recordkeeping habits so little work is required come springtime.The biggest healthy habit, however, is keeping consistent and maintaining current financial records.In a perfect world, theyre keeping contemporaneous books and records, so as transactions are occurring, theyre recording them so theyre not trying to figure out three months later or six months later whats going on, Berger said.Proper planning also provides you with the opportunity to cash in on deductions and other tax-saving incentives. Berger said it may be too late if youre just starting to look int o these ideas now.In February and March, its generally too late to do anything to reduce your tax liability for the prior year, he said. There are some things that can be done, but its too late.Why it mattersEstablishing healthy tax habits and working with a professional are two ways to ensure youre running your business correctly. It can also allow you to spend more time focused on your business and less time worrying about keeping up with tax law.In 2017, Congress passed the Tax Law and Jobs Act, which made significant changes to the U.S. business tax code. Professionals like Berger have been studying these new laws on a full-time basis, so theyre in the best position to help small businesses file for the right amount and maximize deductions. If youre running a small business, its important to play to your strengths and allow other professionals who have the time and background to help your business. fahl DAngelo Matt DAngelo is a Tech Staff Writer based in New York City. After graduating from James Madison University with a degree in Journalism, Matt gained experience as a copy editor and writer for newspapers and various online publications. 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How Companies Like Fidelity Investments and Qualtrics Hire More Diverse Talent

How Companies Like Fidelity Investments and Qualtrics Hire mora Diverse Talent With unemployment at a historic low, the fight for top talent has only heated up. In fact, 77% of CEOs landsee the limited availability of skilled candidates as the biggest barrier to their business,according to research by PwC. In this talent crisis, tapping into new talent pools and hiring the best and brightest is mora important than ever to the bottom line.But hiring this top talent doesnt just mean implementing an effective recruiting process on yur end It also means exceeding the expectations of the people yure hiring and showing them why they belong at your organization. Diverse vorstellungsgesprch panels allow your organization to do both make more effective hiring decisions and demonstrate that your company is a great fit for diverse talent. However, they are still largely under-utilized in organizations across the globe.We spoke to two professional women whove helped implement diverse bewerbungsi nterview panels at their organization Amy Philbrook, head of diversity inclusion at Fidelity Investments, and Megan Tidwell, recruiting manager, Americas sale at Qualtrics about how diverse hiring practices are the most effective way to recruit and retain diverse talent.The Argument for Diverse Interview PanelsResearch shows that diversity makes everyone, even hiring teams, better. A 2015 report by McKinsey Company found that organizations in the top quartile of ethnic and racial diversity in management had financial returns above their industry mean because of their ability to focus on what matters, process the facts more carefully and innovate.Our differences help us make better decisions and consider a broader range of options and solutions, Philbrook explained. Research supports, and our own experimentation at Fidelity has shown us, that a broader set of perspectives involved in hiring decisions leads to better outcomes, regardless of who ends up getting hired.Essentially, w hen tzu siche are a variety of opinions on an interview panel, every angle of a candidate and their potential is considered their strengths, their weaknesses, how they will contribute to the culture, and more. Both women argue this layer of thought is crucial in the hiring process, even if it means more work to establish the panel.The best decisions are made by a group of diverse people with different perspectives, Tidwell echoed. Clearly, its important to have a group of diverse perspectives to make one of the most important decisions at your company who you bring into the team.Additionally, as Tidwell mentioned in our conversation, interviews are a two-way street. Interview panels dont just mean more informed decisions for the organization they also allow the candidate to make a more informed decision about joining the team.Its just as important for the candidate to understand if your company is the right fit for them as it is for your company to vet the candidate. Candidates ca n do this better if they get varied viewpoints.Diverse candidates who see themselves represented on the interview panel are more likely to feel that they would fit in with the company culture and to understand their growth potential at the organization both important factors when weighing a job offer.Making Diverse Interview Panels HappenDiverse interview panels have obvious benefits, but they may require rethinking hiring practices and processes at an organizational level. This kind of change often requires winning champions with data and a clear plan what one senior leader did at Fidelity by making change within one business unit.We started in one business unit with a mandate from the senior leader, a simple execution guide for both our recruiters and our hiring managers, and a realistic process flow that accounted for the step of assembling the diverse interview panel, Philbrook said. We also incorporated an accountability check for our recruiters to log the interviewer panel i n our talent management system.She says now, there are several champions for the initiative across the organization. Our business leaders, our Head of Talent Management and our Employee Resource Groups all championed this change, Philbrook shared. And now that weve been at it for a while we have hiring managers who are extolling the benefits as well.Tidwell took the process into her own hands within her organization. She says she implemented diverse interview panels across her team with huge support from Qualtrics, who saw this initiative as naturally fitting in with their diversity hiring initiative. She has tried to get at least one woman on each mid-to-senior interview loop something thats gotten easier as her organization prioritizes hiring women leaders and also uses cross-departmental interviewers as part of her teams process to ensure diversity on panels.Sometimes its hard to make it happen, but we think its worth it, she said.Philbrook says Fidelity has seen huge success i n leveraging members of its different Employee Resource Groups (ERGs) in interviews.Your ERG members are fellow colleagues who have willingly identified with an aspect of difference that is usually under-represented in the office, and who have most often raised their hands to help a company advance on their mission of diversity and inclusion, she said. Therefore, it makes sense that they would welcome the opportunity to help make hiring decisions.She says there are real benefits for mobilizing ERGs beyond greater representation during hiring.This also helps all of us build relationships and extend our networks through meaningful interactions versus standard social and networking events, she shared. Our ERGs now offer interviewing skills training and manage lists of volunteer interviewers who can be on call to join hiring panels.Measuring SuccessTo ensure diverse interview panels become a mainstay in an organization, the data has to back them up. Tidwell says shes measured number of female hires since starting the initiative, and that data speaks for itself.We have been able to drastically increase our percentage of gender-diverse hires this year as weve implemented this process, she said. Compared to Q1 this year, we have doubled the raw number of female hires and have also increased the percentage of hires from 27% to 47% women in Q3. We are excited about the progress, but more excited about how we can continue to improve in the future.Similarly, Fidelity measures the percent of diverse hires and says the difference is satisfactory.This is just one of the many changes weve made to our hiring practices at Fidelity, and like all big corporations it takes time for new habits to become embedded as business as usual. But our efforts are paying off, and over the last two years the people weve hired new into the Firm represent 13% more diversity than our existing workforce.Diverse interview panels are just one way to effectively hire more diverse talent across your organization. To learn more, talk to a Fairygodboss Diversity Specialist Today.

Top Advice on Writing the Perfect Executive Summary Resume

Top Advice on Writing the Perfect Executive Summary Resume Writing the Perfect Executive Summary Resume and Writing the Perfect Executive Summary Resume - The Perfect Combination Based on your degree of experience and the jobs youre applying for, what you decide to concentrate on in your resume summary might vary. On the flip side, the moment the work applicant has strong experience, there isnt any need to depend on the academic training any longer and it doesnt need to get mentioned. The best resumes are uniquely made for the job accessible. Everything in your resume must align with what theyll be searching for in candidates. You dont require experience to get achievements. Your resume focus ought to be consistent throughout. Your resume design ought to be clean, easy-to-read and ought to draw attention to key details. Too many resumes concentrate on job responsibilities, but describing achievements is a great deal mora powerful. Application objective has turned into th e fruchtwein critical aspect in the continue to create an impression the employer since its certainly the exact first note that catches the interest of the recruiter. Summary votums shouldnt be written in the very first individual. The objective statement has to be clever and have to say some thing you skill to help the potential employer. Whatever They Told You About Writing the Perfect Executive Summary Resume Is Dead Wrong...And Heres Why The resume sample has a strong ability to keep a readers interest over the span of the whole document. The reader is going to know that youre speaking about yourself. So in case you havent made up your mind about which format you want to use, nows the moment. The Fight Against Writing the Perfect Executive Summary Resume Write your executive resume one particular section at one time if youve got to. Professional experience is quite important, especially if youd like to be an executive assistant. So it is essential you put the absolute m ost important information they have to see up front in an executive summary. Managers and executives should revolve around business skills along with technical expertise even should they fall into a technical industry. If youre able to sell yourself, you may sell a businesss product. For instance, if you have experience in more than 1 function ( for instance, accounting and investment banking) or when you have strong understanding of over 1 industry, you should write distinctive resumes for each one. You comprehend the business. Youre going to find a terrific executive resue sample. An executive summary is a brief statement at the very top of your resume that quickly summarizes what makes you the appropriate candidate for the job. The candidates resume is a fantastic instance of clear and strategic formatting for the next reasons. You have to make sure your resume summary statement concisely demonstrates why youre a perfect candidate for the particular job and business. A strong summary statement at the peak of your resume can increase the possibilities of them noticing what youve got to offer from the beginning. A resume summary or career prole is a short statement at the peak of your resume. Its difficult to learn how to compose a career summary in case you dont regularly review resumes. The absolute most helpful summaries target one career objective. A summary statement is a brief expert introduction you may increase the peak of your resume. How you approach your executive summary is left up to you but take a peek at other examples to obtain an idea about what makes a strong executive summary. The resume objective is like the summary, as it is a quick paragraph giving your professional background. 1 A resume summary is a brief, snappy introduction paragraph that offers a summary of your very best work. To put it differently, your aim is to have a job. Old-fashioned objectives center on youyour requirements and wants for your new job. You should have five goal statements. A summary statement should include a couple of specific, work-related abilities, along with some relevant soft skills.