News & Announcements
Archives: 2010
April 25, 2013 Housing on the Rebound: Is it Better to Rent or Buy? (Source: Yahoo! Finance)- Unlike the stock market, which is setting at record highs, the housing market has yet to recover from the depths of the last recession. While real estate sales and prices are trending higher and are clearly better off than they were a few years...
April 25, 2013 5 Reasons 6 Figures Won't Make You Rich (Source: Yahoo! Finance)- Only about 20 percent of American households even break the six-figure mark, according to Census Bureau data, but while many Americans still see that number as a prized income, it doesn't necessarily roll out the red carpet anymore. Due to the...
April 01, 2013 McDonnell Declares April Virginia Financial Literacy Month- For Immediate Release
Contact: David Bass
(804) 612-9440
dbass@vscpa.com Governor McDonnell Declares April Virginia Financial Literacy Month Richmond (April 1, 2013) — To remind Virginia citizens about the importance of financial...
October 30, 2012 Virginia CPAs Offer Tips to Prepare Financially for Hurricanes and Disaster- The arrival of Hurricane Sandy this week reminded everyone of the importance of preparing for a natural disaster. In addition to taking precautions to secure your property, it is equally important to prepare financially for a disaster. The...
Rating: 5 (by 1 users)
October 10, 2012 Virginia Ranked 27th in State Business Tax Climate Index- Virginia came in at No. 27 in the Tax Foundation's State Business Tax Climate Index, which compares states in five areas of taxation: Corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes and property taxes.
August 16, 2012 Sign Up for Free Financial Fitness Workshop: “What’s the Plan?”- The Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer a free Financial Fitness Workshop titled "What’s the Plan?" on Monday, Sept. 17 at the Richmond CPA Center . It will be led by an experienced CPA and will...
August 08, 2012 Yearly Tuition Increases at Virginia Colleges Fall to Decade Low- As students prepare to return to campus for another year, Virginia Gov. Bob McDonnell and other higher education leaders announced Wednesday that in-state undergraduates at public colleges and universities in the Commonwealth this fall will...
August 07, 2012 Governor McDonnell Unveils Economics and Personal Finance iBooks Textbooks- Governor Bob McDonnell today announced the development and availability of two interactive digital textbooks to help high school students earn a now-required diploma credit in economics and personal finance. The iBooks textbooks,...
July 25, 2012 Get More Bang for Your Buck as Students Head Back to Class - Children across the Commonwealth will head back to class in just a few weeks, and that means it is time to plan your back-to-school shopping budget. From the latest athletic shoes, clothing and supplies, the price tags can really add up. The...
July 02, 2012 Summer Storms Tear Across the Commonwealth, Virginia CPAs Offer Tips- At least six people are dead and more than two million in the dark after deadly storms ripped through Virginia over the past week. While temperatures rise and Virginians wait for power to be restored, the Virginia Society of Certified Public...
June 20, 2012 U.S. Chamber Ranks Virginia as ‘Most Livable State’- The U.S. Chamber of Commerce cited Virginia as the country’s “Most Livable State” in its annual “Enterprising States: Policies That Produce” ranking (PDF). The report stated that the Commonwealth ranks No. 1...
June 15, 2012 McDonnell Continues to Phase Out Accelerated Sales Tax Program- As part of the “Caboose Budget Bill” signed May 25, Virginia Gov. Bob McDonnell has sped up the phasing out of the Accelerated Sales Tax Program. Under the program, nearly 9,000 businesses with at least $1 million in taxable sales...
June 13, 2012 Virginia Posts 8.3 Percent Revenue Growth in May- According to Governor Bob McDonnell, the total general fund revenue collections rose 8.3 percent in May. May is a significant month for revenue collections. In addition to regular collections of withholding and sales taxes, estimated and final...
June 13, 2012 Virginia CPAs Offer Financial Advice for New College Grads- Millions of students walked across a stage last month, leaving college behind them. Now that the excitement may be wearing off and the real world beckons, it’s time for those students to make some big decisions. The Virginia Society of...
Rating: 4 (by 2 users)
June 12, 2012 McDonnell Signs State Budget, Vetoes Transportation Provision- Virginia Gov. Bob McDonnell signed the Commonwealth’s two-year, $85 billion budget Monday, covering state appropriations from July 1, 2012, to June 30, 2014. The enacting of the budget ends a lengthy process that was resolved in a special...
June 06, 2012 Governor McDonnell Signs Legislation to Encourage Investment in Small Businesses- Governor McDonnell signed Senate Bill 344 and House Bill 585 to encourage investment in Virginia’s small businesses. The legislation creates the Small Business Investment Grant Fund to incentivize eligible small business investors. The...
May 23, 2012 Virginia's Hurricane Preparedness Sales Tax Holiday to be Held This Weekend- Over the past year, Mother Nature wreaked havoc across the Commonwealth. Virginia was hit by tornadoes, an earthquake and its aftershocks and Hurricane Irene. While many are still cleaning up from those natural disasters, the 2012 hurricane...
May 21, 2012 Governor McDonnell Announces Sales Tax Holiday to Help Citizens Prepare for Upcoming Hurricane Season- Wherever you live in Virginia, chances are you were affected by severe weather during the last year as the Commonwealth was hit by tornadoes, an earthquake and its aftershocks, and Hurricane Irene. The 2012 hurricane season begins June 1 and...
May 21, 2012 Virginia Posts 10.6 Percent Revenue Growth in April- Virginia Gov. Bob McDonnell announced last week that the Commonwealth’s April revenue collections were up 10.6 percent over April 2011. On a year-to-date basis, total revenue collections have risen 5.9 percent, higher than the revised...
May 21, 2012 Mobile Workforce Act Passes House- On Tuesday, the U.S. House of Representatives passed HR 1864, the Mobile Workforce State Income Tax Simplification Act of 2011 , which would create a uniform national standard and limit state or local taxation of compensation for workers...
May 03, 2012 Virginia Wins Site Selection’s 2011 Competitiveness Award- Site Selection magazine has named Virginia the winner of its 2011 Competitiveness Award for excellence in economic development success. The award was given based on points earned in a 10-factor index based largely on Site Selection publisher...
May 02, 2012 VSCPA Member Stosch Honored as Virginia Chamber of Commerce’s Legislator of the Year- Last month, the Virginia Chamber of Commerce released its 2012 Legislative Report Card (PDF), ranking Virginia’s lawmakers based on their voting records on bills of interest to the state’s business community. VSCPA member Sen. Walter...
May 01, 2012 VIDEO: Virginia CPAs React to Virginia Retirement System (VRS) Changes- VIDEO: Virginia CPAs React to Virginia Retirement System (VRS) Changes
VSCPA Vice Chair James Shepherd, CPA, sounds off on the changes to the Virginia Retirement System that were approved by Gov. Bob McDonnell last month.
McDonnell signed...
April 27, 2012 Video Available of Retirement Planning Workshop - The Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer video from the free Financial Fitness Workshop titled "Planning for the Golden Years" that was held Thursday, April 26 in conjunction with Governor-proclaimed...
April 17, 2012 Virginia Society of CPAs Recognizes Extraordinary Accounting Students in Virginia High Schools and Colleges- The Virginia Society of Certified Public Accountants (VSCPA) announces the winners of its 2012 Award of Achievement for academic excellence in accounting studies. Each year, the VSCPA recognizes top graduating accounting seniors from Virginia...
Rating: 5 (by 1 users)
April 13, 2012 Tax Extension Announced for Individuals Affected by Virginia Beach Plane Crash - Governor McDonnell announced that the Virginia Department of Taxation will provide a 30-day filing and payment extension to certain individuals affected by the crash of an F-18 in the Mayfair Mews apartment complex in Virginia Beach. The...
April 11, 2012 McDonnell Approves VRS Changes- Gov. Bob McDonnell has signed into law HB 1130 , which makes sweeping changes to the Virginia Retirement System (VRS) and proposed several technical amendments to counterpart bills SB 497 and SB 498 . The changes include reduced pension...
April 10, 2012 Ten Last-Minute Tips for Individuals Still Working on Their Tax Returns- The tax-filing deadline is just around the corner. The Internal Revenue Service (IRS) offers the following ten tips to help taxpayers still working on their tax returns. File electronically. Most taxpayers file electronically. The IRS has...
April 09, 2012 Virginia CPAs Offer Last-Minute Tax-Filing Tips- The deadline to file your 2011 tax return is just one week away. While the time is running out, the Virginia Society of CPAs (VSCPA) reminds taxpayers there are still a few things you can do in 2012 and deduct on your 2011 tax return. Invest in...
March 30, 2012 Gov. McDonnell Declares April Virginia Financial Literacy Month- To remind Virginia citizens about the importance of financial literacy, Gov. Bob McDonnell signed a proclamation recognizing the month of April 2012 as Virginia Financial Literacy Month . The proclamation was introduced by the Virginia Society of...
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March 27, 2012 Virginia Society of CPAs Offers Free Financial Planning Workshop- The Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer a free Financial Fitness Workshop titled "Planning for the Golden Years" on Thursday, April 26 . This workshop will take place at the Richmond CPA Center. It will be...
March 22, 2012 Virginia Named Top State in Which to Make a Living in 2012- MoneyRates.com has ranked Virginia the "Best State to Make a Living" in its annual study. Virginia jumped up from fourth place in 2011 to take the top spot in 2012 based on measurements in the four categories considered by MoneyRates.com: Average...
March 15, 2012 Roanoke Certified Public Accountants Offer Free Tax Help- Got filing questions about your 2011 federal and Virginia state taxes? Need help determining tax implications of the recent economic crisis or a life change? The Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer a...
March 07, 2012 IRS Releases 2012 Automobile Depreciation Limits- On March 2, the U.S. Internal Revenue Service (IRS) released Revenue Procedure 2012-13 (PDF), which details the 2012 inflation adjustments to the depreciation limitations and lease inclusion amounts for certain automobiles. For passenger...
March 07, 2012 IRS Offers Advice for Avoiding Phony Tax Scheme (Accounting Today)- The Internal Revenue Service is providing tips to help taxpayers avoid a new tax scam involving bogus college tax credits. The IRS issued a warning about the new scheme on Friday (see IRS Warns of New Emerging Tax Scam ). Scammers have been...
March 05, 2012 Virginia Ranked Highly on Tax Friendliness for Mature Businesses- According to a new study on business tax rates, Virginia is among the best states for mature businesses, but is less friendly to newly-established operations. “Location Matters: A Comparative Analysis of State Tax Costs on Business,”...
February 08, 2012 Tax Season 2012: Certified Public Accountants Offer Free Tax Help to Virginians- Got filing questions about your 2011 federal and Virginia state taxes? Need help determining tax implications of the recent economic crisis or a life change? It’s tax time again, and the Virginia Society of Certified Public Accountants...
January 13, 2012 Health Care Concerns Shape Economic Outlook for Virginia CPAs, Survey Finds- Virginia Certified Public Accountants (CPA) are more pessimistic about the U.S. and Virginia economies than they were last year, according to the results of the Virginia Society of CPAs (VSCPA) 2012 Virginia Economic Outlook survey, conducted in...
December 27, 2011 Payroll Tax Cut Extended for Two Months- On the morning of Dec. 23, the U.S. House of Representatives and the U.S. Senate passedby unanimous consent a two-month extension of the payroll tax cut, unemployment benefits, and the “doc fix,” which preserves the current Medicare...
December 12, 2011 A Holiday Gift Idea from Virginia CPAs: Teach Your Kids to Save- The Virginia Society of Certified Public Accountants (VSCPA) recommends giving gifts that teach financial concepts this holiday season. Teaching children to use money, make change and accrue savings this holiday season will allow the lessons your...
Rating: 5 (by 1 users)
November 30, 2011 Virginia Remains Second on Forbes.com ‘Best States’ List- For the second consecutive year, Virginia was ranked second behind Utah on Forbes.com’s “Best States for Business” list . The accompanying article by Kurt Badenhausen noted that Virginia hasbenefited from military spending and...
November 28, 2011 Virginia Society of CPAs Offers Free 12-Month Financial Literacy Calendar- The Virginia Society of Certified Public Accountants’ (VSCPA) award-winning Financial Fitness Calendar is now available for the 2012 calendar year. This 12-month wall calendar is a free consumer resource as part of the VSCPA’s...
November 21, 2011 Time Running out for Home Energy Credits- Consumers still have time to make energy-saving home improvements and qualify for two home energy credits.
The Nonbusiness Energy Property Credit is aimed at homeowners who install energy efficient improvements such as insulation, new windows...
November 21, 2011 Holidays on a Budget: Virginia CPAs Offer Shopping Tips- The holiday season is notorious for causing people to get off track with their spending and forget about their financial goals, say personal financial planning experts at the Virginia Society of Certified Public Accountants (VSCPA). There’s...
November 10, 2011 Experts Discuss Fiscal Responsibility at VSCPA Town Hall Meeting- The Virginia Society of Certified Public Accountants (VSCPA) held a Fiscal Responsibility Town Hall Meeting on Wednesday at the CPA Center in Glen Allen. Approximately 80 people attended the event, including Del. Chris Peace (R-Hanover). Speakers...
November 03, 2011 Virginia Ranked as Fourth-Best Business Climate- Site Selection magazine ranked Virginia as the state with the fourth-best business climate in the United States, while North Carolina made a rare fall out of the top spot after finishing first in the survey for nine of the past 10 years. Texas...
October 12, 2011 Obama’s Jobs Bill Fails in Senate- Republicans in the U.S. Senate blocked President Barack Obama’s jobs bill , including many tax-related measures, on Tuesday evening. The American Jobs Act failed to overcome a filibuster and fell short of the 60 votes needed, garnering a...
October 12, 2011 Request Your Copy of the 2012 Financial Fitness Calendar- The Virginia Society of CPAs (VSCPA) is now accepting orders for the 2012 Financial Fitness Calendar. Request your FREE copy today to help stay on top of your financial fitness in this tough economy. Click here to order . The stylish , 12-month...
Rating: 5 (by 2 users)
October 05, 2011 More Than 700 Volunteered for CPA Day of Service, Video Now Available- The Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer video from the 3rd Annual CPA Day of Service that was held Friday, Sept. 23 in conjunction with Governor-proclaimed Virginia CPA Week. More than 700 volunteers...
October 05, 2011 Go Green to Save Some Green: Virginia CPAs Offer Tips- As the weather gets cooler, there are several easy steps you can take to reduce your energy costs. The Virginia Society of Certified Public Accountants (VSCPA) offers the following cost-cutting strategies to help consumers conserve energy and...
September 30, 2011 Airline Industry Protests Proposed Tax Increase- The Air Transport Association of America (ATA), the airline industry’s trade organization, is urging Congress to reject President Barack Obama’s plan to levy $3.5 billion a year in new taxes and fees for airlines and passengers,...
September 20, 2011 Video Available of Free Budgeting Workshop - The Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer video from the free Financial Fitness Workshop titled "Budgeting 101" that was held on Tuesday, Sept. 20 in conjunction with Governor-proclaimed Virginia CPA Week....
September 19, 2011 More than 700 to Volunteer for CPA Day of Service on Sept. 23- Hundreds of Certified Public Accountants (CPA) and volunteers will take the day off from work in service of others across the Commonwealth. It’s all part of CPA Day of Service on Friday, Sept. 23, 2011 . CPA firms and individual CPAs across...
September 16, 2011 Gov. McDonnell Declares September 18–24 Virginia Certified Public Accountants Week - Gov. Bob McDonnell signed a proclamation recognizing September 18–24, 2011 , as “Virginia Certified Public Accountants Week.” In celebration, the Virginia Society of Certified Public Accountants (VSCPA) is hosting a number of...
September 13, 2011 Obama Sends Jobs Bill to Congress- On Monday, President Barack Obama released the American Jobs Act (PDF) to Congress, including tax credits for new hires and an expansion of the payroll tax cut. Obama had revealed the basic framework of the bill during an address to a joint...
September 09, 2011 IRS Postponements Related to Hurricane Irene - The Internal Revenue Service (IRS) announced Sept. 1 that it would allow taxpayers who reside in, or have businesses in counties that were declared federal disaster areas to file certain returns late. Since Sept. 1, the IRS has added additional...
September 07, 2011 Virginia Society of CPAs Offers Free Budgeting Workshop- The Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer a free Financial Fitness Workshop titled "Budgeting 101" on Tuesday, Sept. 20 . This virtual workshop will take place via Internet and conference call. It will be...
September 06, 2011 Gov. McDonnell Authorizes Tax Relief for Irene Victims- On Tuesday, Gov. Bob McDonnell authorized Virginia Tax Commissioner Craig Burns to provide a one-week filing and payment extension to certain individuals and businesses affected by Hurricane Irene. The extension will apply to taxpayers located in...
September 06, 2011 Virginia Society of CPAs Offers Free Nonprofit Finance Seminar- The Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer a Nonprofit Finance Seminar , in celebration of governor-proclaimed Virginia Certified Public Accountants Week Sept. 18–24, 2011 . This FREE seminar is open...
September 02, 2011 Irene Victims Get Tax Relief from IRS- The U.S. Internal Revenue Service (IRS) is giving tax relief to individuals and businesses affected by Hurricane Irene. The hurricane, which hit the East Coast last weekend, caused extensive damage in Virginia and left hundreds of thousands of...
August 29, 2011 Freshman Finance 101- Boxes are unpacked, classes have started, and many first-year college students are on their own for the first time in their lives. Asking mom and dad for $20 is not as easy as it once was. So the Virginia Society of Certified Public Accountants...
August 25, 2011 Hurricane Irene: Virginia CPAs Offer Tips to Prepare Financially for Disaster- According to the United States Geological Survey (USGS) Tuesday’s 5.8 magnitude earthquake was the first significant quake to rock Virginia since 1897. And Hurricane Isabel caused more than $600,000 worth of damage and claimed more than 20...
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August 18, 2011 Governor McDonnell Announces $544.8 Million Surplus for Fiscal Year 2011- In his annual summer address to the Joint Money Committees of the General Assembly, Gov. Bob McDonnell announced that Virginia has posted a surplus of over half a billion dollars for Fiscal Year 2011 (FY). The $544.8 million surplus follows the...
August 16, 2011 Virginia Earns Top Spot in Pollina Top 10 Pro-Business Study- For the third year in a row, Virginia is the top state in the Pollina Top 10 Pro-Business Study , topping the list by the largest margin in the study’s history. The report from Pollina Corporate Real Estate , based in Park Ridge, Ill.,...
August 16, 2011 Buffett: Tax Code Is ‘Coddling the Super-Rich’- Warren Buffett, chairman and CEO of Berkshire Hathaway , said in a New York Times editorial Monday that those making over $1 million and $10 million per year should be taxed at higher rates. The editorial, “Stop Coddling the...
August 05, 2011 10 Tips for Taxpayers Who Owe Money to the IRS - If you are among the thousands of Americans who owe money to the government but cannot afford to pay it all at once the Internal Revenue Service (IRS) has announced an effort to help struggling taxpayers get a fresh start with their tax bills....
August 02, 2011 House Votes in Favor of Debt Ceiling Raise- The U.S. House of Representatives voted Monday evening to raise the debt ceiling, just one day before the Aug. 2 deadline for averting a default on the federal government’s debt obligations. The Budget Control Act of 2011 passed by a...
August 01, 2011 Budgeting for Back-to-School Shopping: Virginia CPAs Offer Tips- Children across the Commonwealth will head back to class in just a few weeks, and that means it is time to plan your back-to-school shopping budget. From the latest athletic shoes, clothing and supplies, the price tags can really add up. The...
Rating: 4 (by 1 users)
July 22, 2011 Local Nonprofits Host Webinar on Federal Budgeting- A webinar, hosted by The Partnership for Nonprofit Excellence , The United Way of Greater Richmond and Petersburg , Southside Community Partners , Institute on Philanthropy at The University of Richmond and The Community Foundation , was held...
July 21, 2011 New Credit Score Disclosure Rules Now in Place- The Virginia Society of Certified Public Accountants (VSCPA) would like to remind the public that on Thursday, July 21 , new credit score disclosure requirements contained in the Dodd-Frank Wall Street Reform and Consumer Protection Act (PDF)...
July 15, 2011 Congress Discusses Tax Treatment of Debt at Joint Hearing- The tax-writing committees in each house of the U.S. Congress held their first joint hearing since 1940 on Wednesday to consider whether the tax code is providing too many incentives for accumulating debt instead of equity. The Senate Finance...
July 13, 2011 Advisory Council Prepares Recommendations Regarding Financial Literacy- In 2010, President Barack Obama signed Executive Order 13530 , creating the President’s Advisory Council on Financial Capability (PACFC) to help people across the country understand financial matters and how to make educated financial...
July 11, 2011 Firms Anticipate Increased Hiring in 2011- The job prospects for recent accounting graduates are strong, with nearly 90 percent of accounting firms forecasting the same or increased hiring of graduates this year compared to 2010, according to results from the American Institute of...
July 01, 2011 National Opinion Poll Finds Teenagers Strongly Distrust Financial Service Providers - A recent poll released by the University of Arizona shows that the majority of high school students surveyed reported a “ significant amount of distrust toward banks, credit unions, credit card companies, businesses and investment...
June 30, 2011 Virginia Named CNBC’s ‘Top State for Business’- Virginia has been named the “Top State for Business” in the United States in a yearly study from CNBC , published Tuesday. The Commonwealth finished in the top half of every category and received the highest point total in the history...
June 23, 2011 Annual Report Ranks Virginia's Economy Among the Top in the Nation- Virginia now holds the highest “economic outlook” ranking east of the Mississippi River, according to The American Legislative Exchange Council’s (ALEC) fourth edition of “Rich States, Poor States.” The index,...
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June 23, 2011 IRS Increases Standard Mileage Rate to 55.5 Cents per Mile- In response to higher fuel prices, the Internal Revenue Service (IRS) has increased the optional standard mileage rates to 55.5 cents per mile for the final six months of 2011. Taxpayers may use the optional standard rates, detailed in...
June 22, 2011 CPAs Warn Taxpayers to Be on the Lookout for Tax Scams- During the months following tax season, many taxpayers ponder what to do with their recent income tax refunds. Meanwhile, many scammers ponder how to get their hands on th ose refunds. Virginia CPAs warn taxpayers to be vigilant, especially as...
June 21, 2011 Deadline Approaching for WLIFE Awards- Applicants have until July 1 to participate in the new program introduced by the American Institute of CPAs (AICPA) in conjunction with its 360 Degrees of Financial Literacy initiative.
The Workplace Leaders in Financial Education Awards...
June 13, 2011 IRS Says E-File Program Hits 1 Billion Mark- The Internal Revenue Service (IRS) said Friday that its electronic filing program passed the 1 billion mark for individual tax returns processed since 1986. The
e-file program started as a pilot project that year and became available
nationally...
June 09, 2011 Organizations Lose Tax-Exempt Status for Not Filing Reports- The Internal Revenue Service (IRS)
said Wednesday that approximately 275,000 organizations have
automatically lost their tax-exempt status because they did not file
legally mandated annual reports for three consecutive years. The IRS believes...
June 09, 2011 Virginia’s Economy Expanded in 2010- On Tuesday, the Bureau of Economic Analysis
reported that real gross domestic product in Virginia and the United
States rose 2.6 percent in 2010, but that neighboring states and
Washington, D.C., recorded greater growth than the Commonwealth....
June 03, 2011 Survey: Economic Optimism Down Among CPA Financial Executives- CPA financial executives are growing more pessimistic about U.S. economic prospects, according to results from the AICPA Business & Industry Economic Outlook Survey Q2 2011 , released Thursday by the American Institute of CPAs (AICPA)....
April 20, 2011 Taxpayers Affected by Storms will Get Extension on State Taxes- Gov. Bob McDonnell announced Wednesday that Virginia taxpayers affected by the severe storms of April 8 and April 16 will be granted a 30-day extension for filing returns and making payments on state taxes. The extension applies to taxpayers in...
April 01, 2011 Governor McDonnell Declares April Virginia Financial Literacy Month- To remind Virginia citizens about the importance of financial literacy, Gov. Bob McDonnell signed a proclamation recognizing the month of April 2011 as Virginia Financial Literacy Month . The proclamation was introduced by the Virginia Society of...
March 31, 2011 WLIFE Awards Honor Workplace Financial Literacy Programs- The American Institute of CPAs (AICPA) is launching a new program in conjunction with its 360 Degrees of Financial Literacy initiative. The Workplace Leaders in Financial Education Awards (WLIFE) are a joint effort between the AICPA and the...
March 30, 2011 VSCPA Celebrates Virginia Financial Literacy Month- April 2011 is Virginia Financial Literacy Month ! To remind Virginia citizens about the importance of financial literacy, Gov. Bob McDonnell signed a proclamation recognizing April 2011 as “ Virginia Financial Literacy Month ” in the...
March 30, 2011 Sales Tax Holidays Allow Consumers to Save- Savvy consumers can save money on necessities by taking advantage of Virginia sales tax holidays. The tax rate is generally 5 percent of the cost price and 2.5 percent on food for home consumption. Following legislation enacted by the General...
March 29, 2011 Governor Signs Legislation Protecting Financial Literacy Graduation Requirement- On March 23, 2011, Gov. Bob McDonnell signed legislation that protects Virginia’s economics and personal finance high school graduation requirement. Thanks to support from the Governor, policymakers and VSCPA members, this important...
March 15, 2011 Tax Season 2011: Certified Public Accountants Offer Free Tax Help to Virginians- Got filing questions about your 2010 federal and Virginia state taxes? Need help determining tax implications due to the economic climate or a life change? It’s tax time again, and the Virginia Society of Certified Public Accountants...
March 10, 2011 CPAs Optimistic About U.S. Economy- CPAs expressed their highest level of optimism on the U.S. economy since the third quarter of 2007, according to the most recent American Institute of CPAs (AICPA)/ University of North Carolina Quarterly Economic Outlook Survey , released...
March 09, 2011 Roanoke Certified Public Accountants Offer Free Tax Help- It’s tax season again! The Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer a special event to provide free tax help to Roanoke-area taxpayers this year. The WVTF Public Radio Tax Call-In Program will be held...
March 08, 2011 IRS Announces Major Changes to Lien Process- In its latest effort to help struggling taxpayers, the Internal Revenue Service (IRS) announced on February 24, 2011, a series of new steps to help people get a fresh start with their tax liabilities. The goal is to help individuals and small...
March 07, 2011 Two Virginia Cities Make Top 10 List of Cities with the Most Credit Card Debt (Richmond Times-Dispatch)- The Richmond region made a top 10 list of U.S. cities with the most bank card debt balances in December. The average debt balance here on credit cards with Visa or MasterCard logos was $4,771 in December, up 6 percent from the same month a year...
March 03, 2011 10 Places Not to Use Your Debit Card- Debit cards have different protections and uses. Sometimes they're not the best choice. Sometimes reaching for your wallet is like a multiple choice test: How do you really want to pay? While credit cards and debit cards may look almost...
March 01, 2011 March 1 Is National Pig Day!- Benjamin Bankes, your favorite grown-up piggy bank, wants you to take five minutes out of your day to revamp your savings. Reserving one day a month to examine your financial goals and your current spending habits can go a long way toward kicking...
February 24, 2011 Many Baby Boomers See Retirement Delayed at Least Four Years, Survey Finds- Half of Baby Boomer clients who have postponed retirement due to the economic downturn expect to work at least four years longer than they originally planned, according to CPA financial planners surveyed by the American Institute of Certified...
February 22, 2011 America Saves Week: February 20–27- Sunday marked the beginning of America Saves Week 2011, a nationwide campaign of America Saves. Throughout the week, a broad coalition of nonprofit, corporate and government groups will encourage and assist individuals to assess their savings and...
February 22, 2011 Governor McDonnell Announces Launch of Enhanced Small Business Resources Website- Governor Bob McDonnell announced earlier this month the launch of the enhanced Virginia Business One Stop (BOS) website , a streamlined tool to serve the needs of new, existing and small business entrepreneurs. This website for business owners...
February 17, 2011 Building Your Financial Bulge- Fruits, veggies, low-fat, low-sodium diet. We all know what we're supposed to eat to stay healthy, but that doesn't make a triple fudge brownie sundae any less enticing. Managing your calories is very similar to managing your investments; the...
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