Thursday, November 14, 2013

"Tax Topics to Consider While in Transition"

Hello Everyone,
The agenda for this Friday's Hopkinton NetworkersGroup (HNG) meeting will be a talk led by Ed Yee. The facilitator for this week will be Ed Haddad. We will devote the first hour, from 10 to 11 AM to the following agenda: Welcome, Landings, Announcements, New Member Intros, and Needs & Leads. Important Note: We are going to start the meeting on time at 10:00 AM. In the second hour, Ed will give a presentation on "Tax Topics to Consider While in Transition."


Tax Topics to Consider While in Transition

- W2 vs 1099 EMPLOYMENT, benefits and implications
  a.  Estimated tax payments
  b.  Self-Employment tax
  c.  Benefits of Schedule C income
  d.  Trade-offs, employment (W2) v. project work (1099)
  e.  Record-keeping
  f.   401K loans

- Tax things to consider while in transition
  a.  Not withholding from unemployment payments
  b.  Raiding retirement accounts
  c.  Job hunting expenses and education (what's deductible)

- Tax things to consider before the end of the tax year for 2013
  a.  Roth conversions
  b.  Planning capital gains
  c.  Timing income when possible
  d.  Estimate tax due to avoid penalties and interest
  e.  Key IRS filing dates for 2013 tax returns

- IRS penalties

- Tax questions on your mind


Ed Yee

Ed Yee, a seasonal tax advisor for H&R Block, manages a tax office in the Boston metro west district and specializes in self employment taxes and practices.  He served in various management roles in Engineering, Marketing and Product Management roles at Digital, Compaq and HP.  He currently serves as a board member/officer on a number of local nonprofit/professional associations.  Ed has been a long time supporter of the Acton Networkers group.



Recap of HNG Meeting of November 1, 2013:

Our 110th meeting of HNG had 33 people,  this is 13 less than the previous meeting; 5 signed the New Member list. Gil Krispien was our facilitator. There were 4 introduction speeches.

We had speakers Larry Corbin and Brian Levitre who talked about "Federal Job search." They covered the following items:
   - Today's Government
   - Federal Hiring Process
   - Veteran Friendly
   - Office of Personnel Management
   - Application Process
   - Federal Application
   - Forms
   - Helpful Resources
   - Federal Resume
   - Work Experience Tips


This was an incredible talk, and it was an enlightening experience.  I hope to have both back again in about six months.


Schedule for HNG Meetings:

December 6, 2013    Kevin Kopec                                 TBD

General Information

The networking group meets in Hopkinton, at St. John the Evangelist Church parish hall. The meeting occurs, from 10 to 12 noon, and will meet the first and third Friday of the month. The parish hall has a capacity for 250 people and there is plenty of parking spaces in the parking lot and on the street. Around the perimeter of the parish hall are rooms to allow us to have focused network groups or for any other purpose we need. We chose the first and third Friday to allow everyone to attend the Acton Networking Group or any other networking group, if they wanted, on the Friday we do not meet.

We will maintain our close affiliation with Acton Networkers by using the same list-server to share information between the groups. Any e-mails specific to the Hopkinton Networking Group (HNG) will be indicated in the subject line either by "Hopkinton Networking Group" or "HNG"; this way anyone attending these meetings will know the e-mail is intended for them.


We will follow the following agenda items:
* Welcome
* Landings (with doughnuts)
* Announcements
* New member introductions
* Needs and Leads
* Speaker(s), Workshop, or Focus Group
* Cleanup


For those new members who give their introductions, this is what we would like to know:
* Name
* Skills and Value Statement
* Where have you been?
* Where are you going?
* Your title
* Your target companies
* Geography of search
* Name and e-mail address

If anyone wants to join our team, please let one of us know; we could always use the extra help and input for ideas.

Directions:
Take Rt. 495 North/South and get off Exit 21A. Go through three traffic lights. Colella's Supermarket is on the right at the third traffic light. The first street after the third traffic light is Church Street, take a right turn. The church is on the right. Go around to the left of the parking lot and go into the side entrance of the parish hall.


Depending upon where you live, perhaps you may want to use Mapquest for a more direct route. The address of the church is:
St. John the Evangelist
20 Church Street
Hopkinton, MA 01748


Regards,
Hopkinton Networkers Group (HNG) Coordinators:
MaryLou Fish           marylouisefish@gmail.com   
Ed Haddad               ehaddadjr@verizon.net 
Gil Krispien              g.krispien@verizon.net 
William Lam             wmlam508@yahoo.com 
Salpi Sarafian           ssarafian@rcn.com 
Laura Startzenbach   laura.startzenbach@gmail.com 

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