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Tag: employment

Some self-employment jobs booming during recession

Some self-employment jobs booming during recession

Business
The self-employed, like everyone else, are feeling the weight of the recession on their shoulders -- at least, some of them are. A few self-employment industries are booming while others are struggling to make ends meet. Maybe now is the right time for some work at home professionals to branch out into new (read: money-making) career fields? Professionals who are already thinking of making a change may want to gravitate toward the few self-employment jobs that are growing in spite of the financial crisis. Struggling for Self-Employment Many industries are declining as more people struggle to meet their financial burdens and strive to find new ways to make money. Many self-employment jobs attached to the housing industry, for example, are markedly down. Real estate agents, constru...
Is there retirement after self employment

Is there retirement after self employment

Finance
Isn’t everyone aiming toward some form of retirement? For the self-employed, the future might feel a little bit more uncertain. Does having no employer mean having no security? Not necessarily- but independent contractors have to plan (more) for the future. The economy is uncertain right now, and the future always is. Self-employed professionals who independently find their own jobs will not necessarily be provided a retirement plan by any employer or government. Is there retirement after self-employment? Yes- but the professionals, as was the case with their careers, must create this plan for themselves. Self Employment and Social Security The U.S. government provides, at least at present, social security for senior citizens (persons aged sixty-five or older). This is put in ...
How to calculate taxes withheld from a paycheck

How to calculate taxes withheld from a paycheck

Business
The law requires employers to withhold income taxes from employees’ paychecks. The tax withheld depends on the type of tax. The employee can generally control federal income tax withholding because it is largely based on his filing status, income and number of allowances. However, the government sets the Social Security and Medicare tax amounts. Figuring payroll taxes can be confusing, but once the process is understood, the withholding can be determined. Federal Income Taxes on a Paycheck Use Form W-4 and the IRS withholding tax tables to determine federal income tax withholding. The filing status and number of allowances from are on the W-4. Then, use the withholding tax tables (Circular E) for the appropriate tax year to perform the calculation. If the employee has 10 or fewer...
When is right time for voluntary early retirement

When is right time for voluntary early retirement

Career
Taking early retirement is easier said than done and needs careful planning. A typical semi-retirement or working retirement plan involves: determining of the length of semi-retirement, accumulating savings to fund mandatory and discretionary spending during semi-retirement, budgeting for expenses and spending during the time off; and, developing a back up plan if ventures do not succeed Once the savings target is reached and before the resignation letter is tendered, semi-retirement activities should be planned out carefully to ensure that the temporary time off from work is well spent, efforts are worthwhile and goals are achieved. Spending Time With Family The best time spent by most people is probably with their parents, spouses, children and pets. Although the time ...
Temporary government loan modification for unemployed

Temporary government loan modification for unemployed

Career
For homeowners, an unexpected job loss can be a unpleasant obstacle in the way of obtaining a home loan modification due to the fact that lenders require homeowners to possess an income sufficient enough to comfortably repay a modified mortgage loan. Through the Making Home Affordable program, the federal government offers temporary loan modification to unemployed individuals to help them avoid foreclosure while seeking new employment. Home Loan Modification for the Unemployed Unemployed homeowners can apply for a forbearance plan through Making Home Affordable. The goal of the forbearance plan is to give the homeowner manageable mortgage payments until he can find employment. Restructured mortgage payments can continue for a minimum of three months and maximum of six months. ...
How to write professional resume and avoid mistakes

How to write professional resume and avoid mistakes

Career
"How to write a resume?" That seems to be the big question these days with so many people looking for a new job. Well, in order to get that next great job, one must have a great resume. The resume is the foot in the door for almost every employer these days. Most employers are going to make a first judgment on a prospective employee by the information contained in the resume. Most folks have been in the same job or working for the same company for a while and it may have been some time since a resume has been prepared. Well, these days with an average of six or seven applicants for every job, one has to be able to prepare the best possible resume. Here are some resume tips to get the right information together before preparing a final resume. Resume Should Communicate Marketable ...