Spring Forward into 2nd Quarter!

So, did you remember to turn your clocks ahead today? Besides entering daylight savings time (well, those of us in the US whose states follow this protocol) we've just "sprung" into a new quarter.

How will you stay on track and leverage your Competent AdvantageTM in the second quarter?

Last April (in preparation for tax filing), we talked about federal education tax credits and company tuition reimbursement programs -- two great options to help you receive training and keep your skills current.

• As you think about your upcoming projects and responsibilities, what new skills would be helpful to learn in this quarter?

In February, we talked about how a change of scenery can help us to stay motivated. It's important to take breaks and "unplug" so that you can retain the right level of energy to fulfill your goals and commitments.

• As you think about the next few months, how will you recharge and get re-energized?

With warmer weather often comes the desire to get out of the house and socialize! Professional associations and volunteer opportunities are superb options to network and meet people in/outside your industry.

• As you think ahead, what events or activities would be relevant for you to attend?

These are just a few suggestions that come to mind. What do YOU have in mind?

It's Tax Time: Did you get an education tax credit?

Hopefully, you have prepared or filed your taxes as April 15th is a few days away.

Tax time is typically a retrospective time. You gather all of your receipts, W-2's, 1099's, etc. and head off to your tax professional to find out how much money you'll be receiving from (or paying to) Uncle Sam.

Tax time can also be a forward-thinking time -- to set financial and professional goals for the next year.

Are you aware of the education tax credits that are available?

The Hope Credit applies only for the first two years of post-secondary education, such as college or vocational school (not graduate or professional school), while the Lifetime Learning Credit applies to undergraduate, graduate and professional degree courses, including instruction to acquire or improve job skills.

To qualify for either credit, you must pay post-secondary tuition and fees for yourself. The Hope Credit and the Lifetime Learning Credit are education credits you may be able to subtract in full from your federal income tax, not just deduct from your taxable income.

In addition to these federal tax programs, look into whether or not your company sponsors a tuition reimbursement program. This might enable you to continue your education with financial assistance from your employer. Your company may include some guidelines around types of courses they will pay for, however, it can be a great way to further your education and improve your competent advantage.TM