The Bureau of Labor Statistics reports that – tax prep services’ employment peaks in February. With it, hiring help remains a problem. There will be a spike in the employment rate this season. Given the unemployment rate is pretty low, the newbies are hard to come by.
Hiring seasonal help is a good option when you can’t come by profiles that fit your job description. Most of the time they are unavailable.
Several law firms and employers keep looking for high standards in an employee. Many employers shared that they need employees to have 10 years experience in a high-volume, fast-paced environment, as well as the ability to make decisions and work with little supervision.
Remote working for accounting is also becoming a trend. According to Arizona-based remote-job firm Virtual Vocations, there has been a year to year 11% increase in remote accounting jobs posted to its database in 2019. Most of the online jobs entail positions like preparer, virtual accounting services manager, bilingual (Spanish-speaking) tax support associate, and telecommute tax research specialist.
One of the employees at Robert Hall & Associates, the Los Angeles tax preparer, shared that new hired help are mostly a drain on the company in the start. It is the time when they are learning the ropes, so their productivity is at lowest.
Robert Hall & Associates give some tips to hiring a seasonal help. First and foremost is do not waste your time hiring a seasonal help yourself. You can ask a recruiter to do that for you. Secondly, decide on the amount you are willing to pay the help and make an offer. Thirdly, be clear about your job description. Whatever you want in your employee mention it clearly.
Amigo Loans’ James Benamor Banks £3 Million Pay Day
James Benamor, the founder of highly criticized sub-prime lender Amigo Loans has enjoyed a very wealthy start to 2020. The self-confessed former petty criminal who was born Rachid James Benamor, the son of Tunisian immigrants, has banked for himself a £2.9m dividend payout despite being a difficult year a difficult year for Amigo Loans and James Benamor.
Having previously left the board, Benamor, who owns 61% of the company through his vehicle Richmond Group, made a spectacular comeback at the end of the year, returning to the board, and prompting Chief Hamish Paton, chairman Stephan Wilcke and pay committee chairperson Clare Salmon to depart from the troubled lender.
This is a year which saw the Amigo Loans share price more than half, profit warnings, a massive spike in customer complaints and heightened fears of a regulatory crackdown. Yet, despite all this, profits at his holding company inched higher to £70.8m in the year to the end of last March, from £66.9m the year before. The dividend payout was a result of those figures, although 2020 results will most likely tell a different story.
Customer complaints have soared throughout the last 12 months, with more and more disgruntled clients winning cases against Amigo Loans and receiving an Amigo Loans refund. By the end of November 2019, Amigo Loans there were 222,800 borrowers, up 34,000 from the same time last year. However, complaints about Amigo Loans more than doubled in the same period with the to the Financial Ombudsman Service ruling in favour for 59% of the complaints, forcing the Bournemouth based loans company to set aside £10.4m to cover refunds, compensation claims and customer payouts.
The company has also come under heavy criticism from members of parliament. Wes Streeting, a former member of the Treasury select committee and Labour MP for Ilford North, said: “I think it’s worrying that people are turning to short-term, high-interest lenders in greater numbers, but also that the number of complaints is rising. These complaints suggest the problem is not going away. It’s something that needs looking at urgently by the committee.” Meanwhile, Stella Creasy, the Labour MP for Walthamstow said: “These legal loan sharks are trapping people in debt and need to be cracked down on.”
As the complaints and regulatory headwinds around the sub-prime lender gather momentum, the £2.9m dividend payout enjoyed by Benamor may will be his last. Despite Amigo’s loan book standing at £730.7m in December, up 8.8 per cent on the year, approximately £54m of Amigo’s loans were at least 31 days overdue at the end of Q3 in 2019, up from £33m a year ago, which means further complications for the UK’s largest sub-prime lender. Watch this space.
- Tax Preparers Advise Hiring Seasonal Help this Coming Tax Season January 14, 2020
- Amigo Loans’ James Benamor Banks £3 Million Pay Day January 14, 2020
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