Professionals careers not only have high salaries, but socialization, an overlooked part of the jobs and wages market

Two of the most monitored measures of economic health are jobs and wages. While a growing or shrinking economy is easy for economists to measure, the impact on the job market is where most people feel the impacts. A tighter employment market drives up wages, while a slower market leads to wage stagnation. While professional salaries are less impacted in the short run, long term economic changes affect their careers as well.

Every economic policy and tax policy change is framed in the media for its impact on the job market. Some changes have a direct impact, unemployment payments, while others are more indirect, changes in the tax code. While economic growth does impact the job market, it isn’t linear, as smaller and newer firms account for most of the job growth, while older established firms rarely increase employment growth. Industrial policy tends to have more of an impact on established firms, making the ability to influence the job market much smaller.

Our primarily focus is on our client needs, which includes business owners and high net worth individuals. Our high net worth individuals include highly compensated professionals whose careers and salaries result in tax planning needs around retirement planning, real estate investment, and foreign investment opportunities.

We also covers shifts in the 1099 / Independent Contractor market, which is often ignored by the media, but has a major impact on small businesses who often rely more on contract labor than full time staffing. Companies tend to be slower to hire full-time employees and quicker to terminate contractors, so the contractor market is often a leading indicator for economic shifts that will impacts jobs and wages.

Bobby Bonilla Day

By |2021-06-30T22:47:58-04:00June 30th, 2021|Categories: Quickies with Bette|Tags: , , , , |

Tomorrow is Bobby Bonilla Day. Bobby Bonilla is a former player in Major League Baseball who played in the major leagues from 1986 to 2001. This day is celebrated by the sports and financial world! Why? Because the Mets pay Bonilla $1,193,248.20 every July 1 from 2011 until 2035.

#DearIntern & Twitter

By |2021-06-25T12:48:48-04:00June 25th, 2021|Categories: Other Perspectives|Tags: , , , , |

Dear Intern is trending on Twitter, and for those who don't know, people are using it as an opportunity to share the embarrassing mistakes they've made while at work. Concerning the sheer amount of business books we've read at book club that emphasizes the importance of creating and learning from mistakes, I figured I'd share some of these tweets with you all. So let's take a look at this Social Media Round-Up.

Barking Up The Wrong Tree – Video

By |2021-06-17T17:01:55-04:00June 17th, 2021|Categories: Business Book Club|Tags: , , , , , , |

"Barking Up The Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) Wrong" by Eric Barker was June's Business Book. Join me and my fellow book club members as we discuss our key takeaways from "Barking Up The Wrong Tree," and let us know what you think in the comments. We concluded that this is one of our favorite book club books and that if you were going to read only one of our business books, Barking Up The Wrong Tree is the one you should read.

Work-Life Balance & Twitter

By |2021-06-11T20:46:32-04:00June 11th, 2021|Categories: Other Perspectives|Tags: , , , , , |

Work-Life Balance has generated quite a bit of buzz. It seems that the younger generation is throwing away the capitalistic mantra of “No Days Off!” and recycling it into "PLEASE, take days off for your health. As a member of Gen-Z, I agree that self-care should come first, not your job. However, I also recognize that self-care should not be an excuse for underdelivering at said job. I figured I would look at what Twitter is saying about Work-Life Balance and share it with you for this week's social media round-up.

Being a Woman in Finance

By |2021-06-08T13:49:26-04:00June 7th, 2021|Categories: Quickies with Bette|Tags: , , , |

Hi, I'm Bette Hochberger, CPA, CGMA. And on today's Business Quickie, I'm going to talk about my experience as a woman in finance. If you watch one of my other videos, I talk about my educational background. I went to engineering school, and there are more men in engineering than women. That's just kind of how it goes. I've always liked math. So that's always pointed me in a direction that would be in a more male-dominated field.

Retirement Planning – Seth Bassoff

By |2021-05-14T11:57:21-04:00May 14th, 2021|Categories: #FinanceFriday|Tags: , , , , , , |

Retirement planning can seem boring, but when you have our #FinanceFriday guest Seth Bassoff CEPA®, APMA®, CRPS®, CRPC®, RFC® on your side, you can do some very cool things. Come check us out on this #FinanceFriday video.

Biden’s $1.8 Trillion Plan & The IRS

By |2021-05-03T22:02:54-04:00April 30th, 2021|Categories: Other Perspectives|Tags: , , , |

President Biden has proposed a new  $1.8 trillion American Families Plan due to the devastating effect that the Covid-19 pandemic has had on American families. To most, this seems to be an excellent thing.

Why Are People Moving to Florida?

By |2021-05-03T22:02:35-04:00April 1st, 2021|Categories: Other Perspectives|Tags: , , , , , , , , |

Why are people moving to Florida? Spoiler Alert: It's not just the weather. With nearly 1,000 people moving to Florida every day, it seems like everyone on Twitter has an opinion about it.

Stimulus Check Was Never Received?

By |2021-05-03T22:02:02-04:00February 25th, 2021|Categories: Quickies with Bette|Tags: , , , , , , |

If you're one of the unfortunate souls who were qualified for a stimulus check but did not receive one or received less than you should've; worry no more! When you file your taxes this year, there will be a section just for you called the recovery rebate credit.

Contractors vs. Employees

By |2021-05-12T23:31:37-04:00July 29th, 2014|Categories: #TaxTipTuesday|Tags: , , , |

When companies are hiring there is often a question of whether they are bringing on contractors or employees. Sometimes it is easy to figure out, like when you use an outsourcing company or a subcontractor. Other times it can be more difficult to determine, such as hiring a remote employee or a sales representative.

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