Posted By : JobGuarantee Blogger

Posted On : 07-Dec-16

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Tax accountants are specialized to prepare taxes for public or private companies, individuals, government entities as well as non-profit institutions. They are also responsible for making appropriate strategies to reduce the burden of taxes for their clients while remaining compliant with the ongoing law and generally accepted principles of accounting. A good tax accountant has to understand and interpret tax related laws thoroughly and should be able to occasionally explain its implications to their clients. Tax accountants have the common responsibilities of preparing and filing taxes, participating and attending strategy meetings with prospective clients and others, making financial planning, preparing reports and presentations related to current tax situations, reviewing and researching past tax filings, getting aware of the current tax laws and reporting. If you are planning to be an accountant with specialization in taxation, your work purview will cover handling taxes for either corporations or individuals and also to keep financial records and audits. Duties of Tax Accountants (For Individual Clients) You can either work with companies (as an independent contractor running their own business or as a direct employee) or with individuals. When you are working with individuals, you might be responsible for helping your client in tax preparation during tax filing. You will also aid your client to properly fill out their tax forms, give them the right advice regarding future financial moves which may affect their taxes, and help them in the electronic documentation of tax filing so that they receive the tax refunds as early as possible. In case an individual is audited, you might need to handle this audit on behalf of them so that they get through the procedures without any problem. Individual tax accountants should work professionally enough to balance their clients. You should take and return the client’s calls, give them a market idea on a regular basis. The life of tax accountants can be very stressful during tax season. Duties of Tax Accountants (For Businesses) You may also opt to be a corporate tax accountant working for companies. You may be the supervisor of the accounting department or a member of the accounting team. Whatever the position, to be successful in your role, you must know the government regulations regarding accounting thoroughly and have a clear understanding of the generally accepted principles of accounting. As corporate tax filings are usually more complicated than the individual ones, it is better to enter this field after having adequate experience in tax accounting. Short Term Professional Courses and Get Hike in Salary The common work of corporate tax accountants includes reviewing the financial records and tax files of the company; fill out tax forms, preparing ledgers, maintaining regular contact with tax agencies, and hold meeting linked to taxation strategies. Working internally for an institution is better if you are looking to work in a corporate environment. However, becoming a forensic accountant is another option where you have to look into the internal audits of the institution to avoid penalties associated with errors in filing taxes. Becoming a Successful Tax Accountant A Bachelors degree in accounting, particularly with a concentration in tax laws and taxes is a must for a tax accountant. Pursuing a Master degree in Auditing or Taxation is also found to be helpful for many tax accountant professionals. There are many widely acknowledged certifications that may help you become a successful tax accountant and be competitive in the job market. They include Enrolled Agent, Certified Financial Planner, and Certified Public Accountant. Many companies, however, look for tax accountants having experience in tax compliance in addition to holding the minimum accounting certification or degree. This is because tax accountant position is a highly responsible one and has a huge impact on the finances of the business. Career Opportunities and Possible Employers Tax accountants have numerous work opportunities as they can opt to work directly for any organization or business, work through any public accounting firm as tax advisor or consultant or even continue working as a self-employed tax accountant. Both small and large firms require tax accountants in preparing, auditing and planning their tax filings. Government agencies also need tax accountants and offer competitive salaries to gain work experience (such as Internal Revenue Service), which are a great way to advance as a tax accountant. Job Outlook and Salary of a Tax Accountant Tax accountants earn a handsome salary and overall the salary depends on seniority or experience. A good tax accountant with ample experience earns around Rs 40,000 to 50,000 per month. If you are having a specialized accounting career such as tax accountancy, you could enjoy even higher salary packages. The initial salary of a tax accountant starts in the range of Rs 15,000 to 25,000. With the continuing globalization of marketplaces, it is expected that the demand of knowledgeable tax accountants will continue to grow, particularly for those having professional designations and expertise.



Posted By : JobGuarantee Blogger

Posted On : 06-Dec-16

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Breaking the traditional outlooks, computer hardware and networking are becoming a lucrative career option for the young generation. In recent years more and more candidates are opting for courses related to computer hardware and networking. The IT realm is the main reason behind this shift in paradigm. With ever increasing use of computers (both desktops and laptops), mobile phones, tablets, and widespread use of the internet in both government and private sectors have generated a huge demand for professionals having sound knowledge of computer hardware and networking. The Key Hardware Components Hardware and networking professionals usually have to deal with various components of computer and network systems such as the motherboard, modems, chips, RAM, printers, processor, external hard drives, keyboards and circuit boards. Candidates looking for such career must have a strong inclination towards technical and analytical knowledge to be successful in this field. The common job profile of hardware and networking professionals include looking after installation of various software and operating systems as well as to make sure the efficient and fast running on the computers. They are key members of any organization as professionals with good knowledge of hardware and networking add great value to the company. With the ever-increasing use of the internet and different types of computers/tablets/laptops or mobile devices in the work premises the scope of hardware and networking professionals is continually expanding. As per Department of Electronics & Information Technology annual report published in 2015-2016 from the Ministry of Communication and Information Technology, tremendous growth was observed in the field of Information Technology over the last ten years. According to their estimation, India will observe a demand of US$ 400 billion worth of electronic products and systems by 2020. NASSCOM confirmed that the IT sector will see direct employment to reach 3.5 million with indirect job reaching a new height at 10 million. Hardware and Networking Courses Considering the vastness and the presence of the sector in almost every organization in the modern world, various levels of hardware and networking courses are offered. These include degree level courses, diploma in hardware and networking, and international and national certification. Aspirants looking for hardware and networking career can opt for any levels of these courses. The duration of the courses, however, vary according to their levels. Generally, hardware courses aim to provide the candidates some good practical knowledge of this domain and try to give an extra edge to the students through real-life circumstances. Overall in India, there are widespread opportunities waiting for hardware and networking professionals. Major Hardware and Networking Programs Windows Server (MCS): It is one of the most popular hardware and networking programs. It is a prerequisite to qualify for the expert-level certifications from MCSE. The certifications offered are: Cloud Platforms; Web Applications; Universal Windows Platform; Windows Server 2016/2012/2008; Windows 10/8; SQL 2016/2012/2014; Office 365; Linux on Azure Cisco Certifications: Cisco Certification is another very popular Hardware and Networking certification course available among aspirants of the IT sector. Some of the prevalent certifications from CISCO are CCNA. CISCO certification is an essential credential for IT professionals looking for a networking career. This certification has five levels starting from Entry, Associate, Professional, Expert, and Architect. The courses are: CCENT or Cisco Certified Entry Networking Technician CCAP or Cisco Certified Architect Certification Process CCAR or Cisco Certified Architect Responsibilities CCDA or Cisco Certified Design Associate CCDE or Cisco Certified Design Expert CCDP or Cisco Certified Design Professional CCIE or Cisco Certified Internetwork Expert CCIP or Cisco Certified Internetwork Professional CCNA or Cisco Certified Network Associate CCNP or Cisco Certified Network Professional Job opportunities Hardware and networking professionals have good job prospects and after completing the necessary courses they would become eligible to apply for various job roles including: Administrator Computer Hardware Engineer Field service technician Help desk technician Intranet Specialist IT administrator IT technician Network administrator Network Engineer Network support technician Security Database developer System Administrator System Engineer Technical Engineer Technical support Salary package Traditionally, hardware and networking professionals enjoy initial salary package mostly starting from Rs 8000 to Rs 12000 per month. But, professionals working in private sectors can get relatively higher salary packages. Private employees also get additional perks besides basic salary. Experienced Hardware and networking professionals having sound expertise can enjoy salary as high as 50,000 to Rs 60,000 per month depending on the experience and qualification. Professionals looking to excel in this field will have plenty of opportunities particularly in India, which is experiencing a boom in this sector as far as generation of employment is concerned. The only thing to concern is choosing the course precisely suiting to your career goal. This is crucial for the proper growth of your career and earlier you realize this is better.



Posted By : JobGuarantee Blogger

Posted On : 28-Nov-16

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In the past one decade, several economic reforms have been introduced by the Government which has led to a surge in the employment opportunities in India. Improvements in technology, rapid penetration of Internet, better communication facilities, advanced healthcare facilities, positive change in the social demographics of the country has led to the diverse workforce employed in the Indian corporate houses. Moreover, government initiatives have also encouraged entrepreneurship and small scale industries where people have become more self-dependent and have contributed significantly to the GDP of the nation. Whether being employed, salaried or being an entrepreneur, growth and development is vital. If a person finds himself at the same level even after years of hard work, then a self analysis and introspection is a must that would guide him, for the reasons for which stagnancy has become a fact for his life. In the corporate culture too, we may find many people working at the same level continuously for years. The same position, the same work, the same salary! It is an irony that people get complacent and forget the zeal of moving ahead, doing something which is beyond their comfort zone, something that actually stretches their potential and capabilities. Learning should be a constant feature that everyone should embrace at any time of life. Once a person stops learning, the essence of living gets forbidden. It is very important to consider that learning is not only to earn higher but to provide a meaning to your life. It has been observed that people who get contended or retire very soon, get into the habit of complaining and criticizing a lot. The obvious reason is that they do not accept that people can make mistakes and its only better to learn how to avoid them in future. Learning for professional growth is directly proportional to the effort and reward relationship. More the efforts, higher will be the rewards. There are myriad fields across which people work and pursue their career. Earlier specialization was given utmost importance. Professionals that used to marvel at one subject were considered to be the laying foundations of any enterprise. With the passage of time, work dynamism changed and the need of multi-tasking emerged. Functional experts are still required, but along with being expert in one core function or domain, the companies now expect their employees to be equally effective in the other peripheral functional of their core work at which they can give their valuable inputs if not be completely accountable for them. The concept of complete compartmentalization is now being mitigated. The entire organization now functions in a seamless way and thus people are expected to work in any corner of the organization. This need has necessitated training in those areas that are new to you, or you would like to get more knowledge so that you can become more valuable for your company. We would discuss few short-term courses that will support in increasing your salary Website designing and development Every company now has a website and an interactive social platform where it attempts to attract its customers or clients and share relevant and useful information. A short-term course in website designing and management would surely help you in understanding the technical details of how to upload an image or a video on your company’s website that can increase the flow of traffic. Being a department head or a functional head you always need to coordinate with the IT team to manage the online posts and the information that has to be shared at social platforms. A short-term course in this field will truly support you to give your valuable inputs on managing the company’s website for which you can get a decent hike too. Tally or Accounting Software Accounts and office management software is very important for every organization. A hands-on Tally will not only give you adequate knowledge and experience of day to day accounting it will also help you in judging the stock, prices and other transaction details with your customers. A course in Tally can help you know your debtors and their track record so that you can take important decisions for further dealing with them. A short-term course in Tally will definitely give you a decent salary hike if you are working in finance or accounting department. Even if you are in sales or production a short-term course in Accounts will always be beneficial. Finance is the life blood of any organization and a course in Accounts will always help you to know how to manage this resource carefully. Event Management Work place has become very dynamic. Corporate meetings have taken the shape of corporate events where apart from meetings, employees look forward to entertainment evenings, celebrity guests, sumptuous dinner and exciting venues. The monotony of the work place gets challenged by the in-house corporate events that keep the employees groovy and motivated. If you have a passion for music, hospitality, food and entertainment a short-term course in event management will be very apt for you. Managing corporate events being employed in the same company will give you lots of benefits. You may also be a permanent member of the hospitality committee and earn a hike in your salary. Content Writing Although writing is not everyone’s cup of tea, yet you can try your hand by taking up a short term course that enables you to write. You can take up courses that help you write letters, presentation notes or other such things that help you in your office. The aim of taking up short courses is to enhance your skill as per the changing times and work arena. If you do not update yourself as the ongoing trend, you will be left behind and those that come behind you might be given a preference for their upper hand knowledge and skill. Sales Training Sales are an important part of any business. With better communication and interpersonal skills, you can enhance the sales of your company. Taking up a short term sales-training program can help you develop your selling skills. Therefore, choose to upgrade yourself and get a hike in salary.



Posted By : JobGuarantee Blogger

Posted On : 23-Nov-16

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The Research and Development (R&D) tax credit is available to selective taxpayers who carry out a qualified research. And the primary feature to qualify is that they need to be consistent with principle of incentives in order to promote innovations managing good job opportunities in US. This R&D tax credit is also available to certain companies of various sizes especially due to new legislation activated since December 2015. The claim get involves in several types of industries making notable improvement as well as enhancement in their products and other services. Such industries include software, wine, manufacturing, construction, boat building, biotech and aerospace subcontracting. Companies having engineers, scientists and product development personnel are eligible to get the R&D tax credit. History of R&D Tax Credit This R&D tax credit has a nice history. It was generated in 1981 and that time it was only a temporary credit option. Since the past 35 years, the credit expired on a periodic basis and it would remain terminated up to 1 year. Next, the Protecting Americans comes out with a better option from Tax Hikes Act in 2015 extending the limit. This then expired in 2014 up to January 1, 2015 and the law made these credits a permanent one that is going forward. On the other hand, Congress brought two noteworthy changes to the R&D tax credit and thus more benefits get accessible to SMEs and the start up enterprises. Real Time Situation Nowadays, eligible small businesses (ESB) along with owners can make the claim for R&D against the minimum liability they possess. Now, an ESB may come up with an individual partnership, partnerships or a privately owned corporation. And make sure the receipts of average annual gross amount applicable for a 3-year tax period ensuring the credit amount remains within $50 million that would be useful to get access to feasible solutions. R&D credits, which are determined for a particular partnership of S Corporation won’t be applicable for R&D credits of ESB by other partnership agencies or shareholders. Ensure they meet the test for gross receipts applicable for the present tax year when the tax credits are claimed. Now, if you begin with the tax year of 2016 a suitable small business can opt for the R&D’s credit that’s applicable against the age of the employer, disability insurance or survivors and this election can cover a time period up to 5 years in real time. Next, during the start phase some amount is spent with a hope to develop new stuffs and other processes generating a good revenue along with an income which becomes taxable in future. Although these companies are not able to pay federal income taxes they should pay a suitable amount in form of payroll taxes. Consulting with an Expert Still, if you cannot get familiar with the R&D tax benefits, you are required to visit a Tax consultant that would help you to find the right solution and you can get rid of all your worries. In this way, you can handle your finances in the right way ensuring that you are able to manage a good monetary condition. And you should be aware that the person carries valid license and thus you can completely trust on him/her knowing you are at the right place. It would help you to understand how to claim for R&D tax credit getting the amount in your account. Hence, you can give your business a better status and now you can easily start your business knowing you are on the safe hands. You can now handle your business condition efficiently coming out with all effective results. First, you can make sure that you can get rid of all the worries regarding the finances and you are able to set up a better business set up accompanied with all smarter approaches. It may include website design cost and software development costs ensuring that you turn out with all notable solutions. And the bustles, which are associated with IUS come out with a higher threshold limiting their application in real time. Once, you understand the software activities can get a good credit you can find all feasible options featuring all good things, which are important features of your business. Conclusion After 35 years, this R&D tax credit becomes permanent coming out with improved results. Alongside, there are a number of court cases along with certain regulatory changes providing a guidance for R&D claim. So, if you are planning to claim the credit now you should take into consideration of all these facts and thus you can get familiar with all feasible options. And also you need to opt for the benefits reducing your federal taxes and thus you can manage the finances in the right way. Explore the opportunities and you can opt for all suitable things that would improve your overall business condition.

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