High Achievers are expecting Gains in the coming year. US corporations seem to be sitting on great stores of cash and inventories have been managed well these past few years, This means that acquisitions are likely causing shuffling, more competition and reallocation of assets and opportunities.
"I'm from the Government and I'm here to help you!"
The US lawmakers approved a two month extension of a reduced payroll tax rate that had been in effect for most of last year. the IRS says that nearly 160 million workers will benefit from this extension. For more information on this reduction of 2% of your Social Security withholding reduction (from 6.2% to 4.2%) go to the IRS website at www.IRS.gov, a news release dated DEC 23, 2011 gives details and other resources. there is nothing special you need to do to take advantage of this tax cut, your employer and payroll service companies should handle it automatically in your paycheck. If you are self employed be sure younger working with your tax advisor to maximize the return to you on your business deductions.
Please put this small savings to work in your local economy. Besides saving for cash short months, and building up a reserve, your investing and supporting in local businesses can help create jobs. Your neighborhood small businesses created almost all of the net new jobs in 2011 according to the US Department of Labor.
JUMP into SOMETHING GREAT in 2012.....
Don't just escape the bad economy of 2011, dive into your ambitious projects for this coming year! Join a mastermind group, enroll in some added classes on line or at your local community college. MIT is now offering free on line classes for completion credit! You can learn more by googling MIT Game Changer.
Dr. Adele Scheele advises in her best seller. Skills For Success, to "act like a host, not like a guest." This is my wish for all of us this year....we are the hosts of our community, or environment and our economic prosperity. Let's put Dr. Scheele's time tested advice into action and become the greatest hosts of the next generation!
Launch yourself, take initiative and start something big in 2012.
Patty DeDominic
Coach to High Achievers
Santa Barbara, California
Www.DeDominic.com.
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