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EMPLOYMENT BRIEFS; A collection of workplace trends and career tips

Source: Tribune Media Services

Nevada prime for new business

Nevada ranks higher than California in several categories, ranging from its friendlier tax climate to its strong entrepreneurial stance, making it a premier choice for businesses and workers, according to a recent report released by Michigan-based economic research firm Whittaker Associates, Inc. “This study was a large undertaking that ultimately illustrated some pertinent points in comparing California to Nevada,” said Dean Whittaker, founder of Whittaker Associates. “It really showed us that Nevada is a great place to start and run a business. This information can be used to help recruit businesses and ultimately improve the unemployment rate.”

Avoiding an audit

With historic federal deficits, government bailouts and pressure close a $350 billion tax gap, government is looking to capture outstanding monies owed from one of its biggest sources of uncollected taxes — small businesses. According to The Alloy Silverstein Group, a New Jersey-based accounting firm, knowing and understanding what the IRS looks for can help you to decrease your chances of an audit. The biggest red flag businesses can wave is disguising funds spent for personal purposes rather than payment for legitimate business items. Along these same lines, avoid the “Miscellaneous Expense” category. Itemize exactly. If a miscellaneous category is necessary, document it.

Small business not booming

As small business decision-makers closed the books on 2009, nearly half (46 percent) said it would require more than 12 months for their businesses to return to pre-recession levels in terms of annual sales, according to the Small Business Opinion Poll commissioned by Employers, a small business insurance specialist. The latest findings from the Small Business Opinion Poll indicate small business decision-makers will remain cautious as they try to find ways to grow this year.

Resource for teens

Junior Achievement, DeVry University and Career Corner Digital have partnered to create a career exploration resource for students. Located on the new Junior Achievement Student Center at http://studentcenter.ja.org/, fast-paced, first-person videos take students behind the scenes at some of the world’s top companies, providing them with an inside look at life on the job. The unique content is comprised of over 100 comprehensive career profiles and leverages technology to deliver an innovative job shadowing tool that helps students make informed decisions about their future.

© 2010, Tribune Media Services