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33 Essential Year-End Financial Tasks
The end of the year is a traditional time of celebration, excitement, reflection and planning – not withstanding the hectic holiday shopping of course. However, the end of the year also holds another, lesser-known but more significant,...
Control Health Care Costs and Save Taxes?
One of the most prominent issues being discussed in the media is the rising cost of health insurance. Employees are being asked to contribute an ever increasing amount of their pay to group insurance premiums. Employers face double digit increases...
Home Business Legalities And Tax Advantages
Even if you work out of your home, most cities and/or counties require you to have a business license and/or permit. Check with your local government municipalities to find out what the requirements are for where you live. Depending on where you...
Protecting the Tax Advantage of Your Deferred Compensation
The American Jobs Creation Act of 2004 imposed strict new rules on non-qualified deferred compensation plans. Beginning in 2005, deferred compensation programs that are not in compliance with the new rules may be taxed as wages, slapped with a...
Working With Your Real Estate Attorney
Purchasing or selling a home will probably be one of your largest and most important financial transactions. Before signing a contract to purchase or sell a home, both buyer and seller should consult an attorney to assure that the real estate...
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New trends create an alternative to hiring employees
Current trends in business are conspiring to create a revolution in the way that small and medium sized companies do business. These forces have created an environment in which growing companies can make maximum use of their labor dollars, while accessing a talent base previously unreachable due to the costs involved with hiring top talent.
The first trend is towards self-employment. Entrepreneurship is at an all time high. According to a study by Register.com Inc, 47% of U.S. adults have taken initial steps toward starting their own business or supplementing their income. However, once out of the corporate world, many small business owners find that they have budgets too small to access the level of talent that they took for granted in the corporate environment. A small business owner will typically have to choose which skill set is needed most when deciding to hire. In other words, the decision to hire is driven by a need for human resource, administrative, financial, marketing, sales, legal, skills etc. The problem, of course is that the budget of a small growing company will often require a choice as to which specialty is needed most, to the exclusion of the others, while also limiting the level of professional one can hire.
A second trend is the emergence of Virtual Assistants. Virtual Assistants are typically some of the professional level people mentioned above, who have left the confines of corporate America to start their own businesses. Virtual Assistants are independent contractors who work from home providing a variety of services to businesses. This trend allows these highly skilled professionals to bring their knowledge to bear for a whole range of companies that would otherwise not have access. While VA's were once limited to more administrative tasks, they now encompass the entire spectrum of professional skills. If it can be done from home, there is a VA doing it.
This leads to the inevitable question- how do VA's find employers, and how do employers find VA's?
Enter a Virtual Staffing Service. With a virtual staffing service, the VA's have already been interviewed and
screened and are ready to hit the ground running. The benefits of using a staffing service include a backup VA when your individual VA is on vacation or sick, you may discover that you need assistance with marketing which your particular VA does not offer but rather than start the search process again, all it will take is a quick call to your staffing service and they will have a VA ready for you the next day. One of the main advantages of utilizing the services of a staffing service is that you can choose the VA from a variety of resumes and if there is a problem you will be able to switch VA's easily.
What companies are starting to appreciate is that Virtual Assistants cost companies a fraction of the cost of actual hires. A company employing Virtual Assistants can utilize the services of a whole range of professionals instead of having to choose which specialty is needed most as the company grows. For the cost of one salaried Administrative Assistant, a business owner could utilize approximately 1400 hours of assistance divided among any number of top professionals. Utilizing Virtual Assistants allows businesses access to the exact services that they need, it also allows businesses to shift gears more quickly and efficiently by investing in growth rather than payroll because they are paying only for the time spent on their project. There is no longer a reason to worry about taxes, benefits, vacation pay, and time wasted by the water cooler.
More and more businesses are coming round to the idea of Virtual Assistance; it's a win-win for everyone involved. It gives businesses the help that they need without the hassle of hiring a full-time employee.
For more information please contact:
Grainne Foley
A Job Well Done
www.ajwd.com
Charlotte, NC
P: 704.341.9542
Grainne Foley, a former Human Resources Manager is the owner of A Job Well Done, a virtual staffing service created to provide top level virtual professionals to businesses. Complete information on services offered can be found on her web site. Don't forget to subscribe to her FREE newsletter, "A Virtual Revolution".
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| Internal Revenue Service |
| The US government agency responsible for tax collection and tax law enforcement. Includes income tax forms, instructions, and agency publications. |
| www.irs.gov |
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| Tax Information for Individuals |
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| Tax Center - Yahoo! Finance - Tax forms, tips and calculators. |
| Yahoo! Finance: Tax - Find all the resources you need for tax season. Review recent tax law changes, estimate your taxes, find tax tips and expert answers ... |
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| Taxes: Tax Planning, Tools and Advice - MSN Money |
| Microsoft's Tax Preparation site, in association with Tax Server. |
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| Tax - Wikipedia, the free encyclopedia |
| Governments use different kinds of taxes and vary the tax rates: ... Taxes are most often levied as a percentage, called the tax rate, of a certain value, ... |
| en.wikipedia.org |
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| H&R Block | Taxes, Online Tax Preparation, Tax Software, Filing ... |
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| TaxCut Online | H&R Block | Online Taxes, File Taxes Online ... |
| File your Taxes online with TaxCut Online. Learn how to file taxes online here. |
| www.hrblock.com |
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| Income Taxes, Tax Returns, Refunds, Deductions and E-File Software ... |
| Popular tax preparation software by Intuit. Integrates with Quicken, spreadsheets and offers state by state electronic filing. |
| turbotax.intuit.com |
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| Taxes & Estates, Tax and Estate Planning Advice - Forbes.com |
| Personal Finance - Get tax and estate planning advice and information from Forbes.com. |
| www.forbes.com |
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| Essential Links to Taxes |
| TurboTax Premier For Federal Returns 2005 Win/Mac, TurboTax Total Tax Solution Deluxe 2005 with State Win/Mac, TurboTax Basic 2005 Win/Mac... ... |
| www.el.com |
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| Government > Taxes in the Yahoo! Directory |
| Yahoo! reviewed these sites and found them related to Government > Taxes. |
| dir.yahoo.com |
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| Taxes - Tax News for Home and Business from CNNMoney |
| The latest in tax law updates, news, forms & advice from CNNMoney.com. Includes a refund savings calculator, and interactive tax lessons. |
| money.cnn.com |
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| The Tax Foundation - Educating Taxpayers Since 1937 |
| Devoted to educating taxpayers about tax policy and the total tax burden borne by Americans at all levels of government. |
| www.taxfoundation.org |
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| Welcome to the Vermont Department of Taxes |
| Welcome to the Vermont Department of Taxes... ... Changes to Property Tax Adjustments in 2007 - updated 10/18. - Tax Expenditures Transition Report on ... |
| www.state.vt.us |
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| Franchise Tax Board Homepage |
| The department that collects state personal income taxes and bank and corporation taxes for the State of California. Access to forms and tax information. |
| www.ftb.ca.gov |
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| HM Revenue & Customs: Home Page |
| News and information on tax and national insurance, including downloadable leaflets and forms and the latest news on filing tax returns on-line. |
| www.hmrc.gov.uk |
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| State and Local Tax |
| Piper Resources; State Tax Rates and Structure ...Federation of Tax Administrators; State Payroll Taxes Information ...Symmetry Software ... |
| www.taxsites.com |
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| Quicken.com |
| www.quicken.com/taxes/ - 3k - Cached - Similar pages |
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| Tax news and advice from Bankrate.com |
| Information on all phases of tax planning and preparation. |
| www.bankrate.com |
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| Online Tax Advice - Tax Preparation Help - Income Tax Tips |
| Income Tax Tips - MarketWatch offers online tax advice and tips. ... IRS inflation adjustments mean tax break on next year's taxes. ... |
| www.marketwatch.com |
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