The Importance of an Accounting Intern Resume

The Importance of an Accounting Intern ResumeIf you are contemplating on a career in accounting, consider taking an accounting internship at a company that offers accounting intern programs. One of the benefits of an internship is that you are able to gain experience in the field before you ever begin your actual accounting career. The company will offer you with paid job as an accounting intern and you can apply for the internship positions.There are many companies that offer internships especially for college students and those in between jobs. Most of these companies require you to be willing to work long hours and so they need people to come in on a regular basis. As well, some companies have internship programs that can last several months.An internship should be related to the job of the candidate's resume and of course the employer must see fit to have him or her on the applicant's resume. You must give enough information about your skills and experience, which should include how you can help the company. You must have relevant experience and you must be reliable and patient while applying for the internship positions.If you are interested in getting an internship position, it is vital that you familiarize yourself with the company's requirements and its application process. The company's history and present status will be mentioned on your resume. Make sure you focus on these points since this will have a bearing on your internship.It will also be good if you can give an indication of the organization's location, size, and reputation. The employer will not necessarily want to hire people from around the country. So, the experience you will get from the internship will have an impact on the way you present yourself to them when the time comes to interview.Some companies offer intern programs to those who have some college credits. It is possible that you will not get paid for the internship but they may provide you with some support which will be importa nt to your career.If you are planning to go into the financial industry, you can go ahead and ask for an internship at a financial company. Be sure that you will have enough understanding of the company's policies and culture in order to determine whether you are suitable for the internship or not. If you do not have any other internship program, an internship at a financial company is certainly a good choice.

Catch-up Contributions Wont Save Your 401(k)

Catch-up Contributions Won't Save Your 401(k) As someone who should have saved more for retirement when I was younger, I’ve often taken solace in the existence of “catch-up contributions” â€" the additional amount above the usual limit that the IRS lets people 50 and older sock away in a 401(k) or other employer retirement fund to shield the funds from pre-tax earnings. (For 2015, 50+ savers can stash $6,000 above the $18,000 limit.) Catch-up contributions were enacted by Congress in 2002 to encourage more saving by older workers, many of whom had just seen their portfolios deflate following the dotcom bubble. The theory, notes a report by the Investment Company Institute, was that older people would be able to defer more because they would no longer have the expenses of children or buying a first home. In practice, however, catch-ups don’t seem to have provided anything like a catch-all solution. According to Matthew Rutledge of the Center for Retirement Research, who analyzed data from 1999 to 2005, the people most likely to use catch-ups were the tiny fraction of workers â€" only 9% of the total group â€" who were already contributing close to the maximum. One might hope that, over time, participants would try increase their contributions, eventually maxing out and thus becoming more likely to use catch-ups. But the nominal deferral limits have also continued to increase, so employees may have been struggling just to keep up. Video Player is loading.Play VideoPlayMuteCurrent Time  0:00/Duration  0:00Loaded: 0%Stream Type  LIVESeek to live, currently playing liveLIVERemaining Time  -0:00  Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions and subtitles off, selectedAudio TrackFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.PlayMuteCurrent Time  0:00/Duration  0:00Loaded: 0%Stream Type  LIVESeek to live, currently playing liveLIVERemaining Time  -0:00  Playback Rate1xFullscreen Tax Policy Failure? One problem, identified by researchers at the 2015 Retirement Research Consortium last month, centers around the tax advantages of catch-ups. Tax incentives rise in value with income â€" along with one’s marginal tax rate â€" so they wind up encouraging the wealthiest, who already have more to save, to use catch-ups. By contrast, lower-income households are less sensitive to tax incentives to begin with as they have lower tax rates and may have no tax liability after deductions and exemptions. Another limitation to catch-ups: Since they are only available to people over 50, they apply to a demographic that already saves more on average. As Patrick Purcell of the Social Security Administration pointed out at the Retirement Research Consortium, “From the perspective of younger, lower-earning workers, the catch-up provision might appear to be both upside down and backward.” Following this reasoning, it would more sense to try to incentivize people who are under 35 and earning less â€" as, for example, Roth IRAs do. Read Next: How to Become a 401(k) Millionaire The ‘Crowd-Out Effect’ Finally, researchers have also discovered something called a crowd-out effect, in which an increase to one savings vehicle causes a decrease to another. In other words, an individual’s saving strategies compete with each other â€" and so employees who use catch-ups may be simply shifting assets across savings plans, reallocating contributions from, say, a post-tax IRA into their pre-tax 401(k). It’s still unclear whether the enactment of catch-ups have led to a total increase in retirement savings overall. The crowd-out effect illustrates how hard it is to change savings rates once they are fixed in one’s mind (and in one’s 401(k) selection form â€" a phenomenon I have experienced first-hand). In order to take full advantage of catch-ups, we savers will have to make sure that they represent real, incremental savings â€" however painful â€" instead of mere mental accounting. Konigsberg is the author of The Truth About Grief, a contributor to the anthology Money Changes Everything, and a director at Arden Asset Management. The views expressed are solely her own. Read Next: The Big Mistake That 401(k) Savers Are Making

Should You Go Back To College If You Hate Your Job - Work It Daily

Should You Go Back To College If You Hate Your Job - Work It Daily On almost a weekly basis, I receive an email from people of various ages and backgrounds who ask me if they should go back to college to obtain their bachelor's or master’s degree. The answer I tell people is, maybe. Related: Low Wages: 13 College Majors To Avoid Like The Plague Unfortunately, our current U.S. President as well as his predecessor convinced any and everybody to go to college and to continue going to college. It didn’t matter if you got a degree in basket weaving as long as you got a college degree of some kind. This is absurd, and thanks to this ridiculous one-size fits all advice, Millennials exploded the student loan deficit by over $1 trillion dollars in just five years. Keep in mind that prior to this, the federal student loan deficit was a ¼ of this amount, and that amount stood in place from the beginning of time up until 2010. It’s not Millennials who are to blame though, it’s their parents, teachers, professors, guidance counselors, and U.S. Presidents who sent them down a highway to hell. If you hate your job and your career, you shouldn’t be asking yourself if racking up tens of thousands of dollars of student loan debt sounds like a good idea. Instead, you should really look at yourself in the mirror and really figure out what drives you. Focus on your aptitude and think about some of your natural talents and gifts. If the new career you would like to pursue requires a college degree, then get a college degree, but if you are not absolutely certain that a degree or an additional degree is necessary, then don’t go back to college by default. Where most people go wrong in their careers is they choose careers that pay well or are in high-demand. On paper, that sounds like a good idea, but in practice it’s a terrible idea. Your chance of longevity in a career that’s solely based on income or so-called “job stability” isn’t going to sustain your ability to hang in there through the rough patches. The inconvenient truth that most people don’t want to deal with is that sometimes when you focus on the things that you should as it pertains to your career, such as your aptitude and your passion, it doesn’t always yield the income or lifestyle you desire. However, what’s the alternative? Wake up at 35, hate your life and go back to college with a bunch of 18 year old kids? Does that really sound like a good idea? When you think about your career you need to really figure out what drives you, and not just with your job but your life in general. If you’re driven by money than pursuing your passion may not be a good idea, as it may not lead to a high income. On the flip-side, if you care more about enjoying what you do for a living, then you must be willing to potentially live with less. In life and in your career, it’s important that you know who you are and who you aren’t. Allow this to guide your decisions. Related Posts 5 Tips For Recent Grads Entering The Workforce How Recent Grads Can Break Into Their Industry 5 Common Fears Of Recent Grads About the author Michael Price is the author of What Next? The Millennial's Guide to Surviving and Thriving in the Real World, endorsed by Barbara Corcoran of ABC's Shark Tank. He is also the founder of Conquer Career Course, where he teaches students how to increase their salary, build a career with longevity and become unemployment-proof. View the trailer below:     Disclosure: This post is sponsored by a CAREEREALISM-approved expert. You can learn more about expert posts here. Photo Credit: Shutterstock Have you joined our career growth club?Join Us Today!