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| Attend a Financial
Fitness Workshop! |
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Don't miss out! As a benefit to Virginians, the Virginia
Society of CPAs (VSCPA) is bringing free Financial Fitness
Workshops to you on Thursday, August 14 and Friday,
September 12 at the Richmond
CPA Center in Glen Allen, Va. Led by experienced CPAs,
these free seminars include a complimentary lunch. To reserve
your seat, please register as soon as possible! Use the links
below or call the VSCPA Education Team at (800) 341-8189.
Buy
Smart, Borrow Smart
Date: Thursday,
August 14
Time: 11 a.m. 1:30 p.m.
Location:
Richmond
CPA Center, 4309 Cox Road, Glen Allen, Va.
Discussion leader: Jamie Walker, CPA, Walker Consulting Group
Guest speaker: Michele Watson, Virginia Housing Development
Authority
Register
online now!
This fast-paced workshop is designed for all members of the
general public and will discuss topics such as renting versus
buying, mortgage basics, choosing the right home, tax implications,
home equity, and rental and vacation property. First-time home
buyers will really benefit from this information, as will current
homeowners considering purchasing a second home.
Identity
Theft: Whos Got Your Number?
Date: Friday,
September 12
Time: 11 a.m. 1:30 p.m.
Location:
Richmond
CPA Center, 4309 Cox Road, Glen Allen, Va.
Discussion leader: Ann Rankin, CPA, State Corporation Commission
Guest speaker: Jonathan Larcomb, Virginia Attorney General's
Office
Register
online now!
This valuable workshop will define identity theft and help
you assess your current risk of being a victim. Learn the steps
to protect yourself against identity theft, recognize the early
warnings signs and find out what steps to take if you are a
victim of identity theft.
Attention Virginia shoppers! Virginia will hold its second
sales tax holiday August 13, 2008. During this three-day
period, purchases of certain school supplies, clothing and footwear
will be exempt from the Virginia sales tax. Each eligible school
supply item must be priced at $20 or less, and each eligible article
of clothing and footwear must be priced at $100 or less. The VSCPA
recommends five
ways to prepare for and save money on back-to-school expenses.
The U.S.
Department of the Treasury's Financial Management Service
(FMS) has announced that a prepaid debit card for Social Security
payments and other federal benefits is now available. The Direct
Express® Debit MasterCard® card designed as a safe,
convenient alternative to paper checks that people without bank
accounts may choose was introduced in June 2008 in 10 states,
including Virginia, and will be rolled out nationwide this summer.
Read the full
article on the Financial
Fitness Web site.
The Internal
Revenue Service (IRS) reminds consumers of a tax break
for the busy summer. Many working parents must arrange for care
of their children under 13 years of age during the school vacation
period. A popular solution with a tax benefit is
a day camp program. Read more
information about the child care tax credit.
The VSCPA
develops monthly Money
Management articles to provide financial advice and information
for individuals and small businesses. Topics include personal
finance, retirement and estate planning, saving for college, investments,
running a small business, income taxes and more. Virginia organizations
are granted reprint permission and can use in publications, employee
newsletters, Web sites and more. Here are this month's topics:
How to Protect
Your Financial Privacy
What steps have you taken to keep your financial information
and personal records confidential? You may be surprised to learn
how many honest and dishonest people could have
access to the details of your financial life. If you want to
maintain better control over your privacy, read these helpful
tips on how to safeguard your information.
When
Should You Begin Taking Social Security Payments?
Choosing when to retire and start drawing
Social Security benefits is an important decision, and one that
is unique to each individual. You can begin taking payments
as early as age 62, based on Social Security regulations, but
when you retire will have an effect on the amount of the payment
you receive. Read this article
on how to make an informed choice.
Understanding
Mutual Funds
Are you overlooking the value of keeping your savings in a mutual
fund? Mutual funds allow you to buy into a diverse pool of investments,
including short-term securities, stocks and long-term bonds,
among other options. Read some advice
on choosing the best investment for you and understanding how
fees will affect your investment.
How Long Should You Retain Financial
Records?
Every year, taxpayers wade through piles of financial documents
to find the information they need to file their taxes. But what
happens to all that paperwork once you've mailed your return?
How long do you have to hold on to your records in case of a
tax audit or similar concern down the road? While there are
few hard and fast rules, there are some general
guidelines you can follow.
| Schedule a free CPA
speaker! |
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Looking for a dynamic speaker on a financial topic? Invite a
CPA! The VSCPA
connects CPA speakers with your organization or company as a free
community service. Complete the online
form to schedule a speaker today. If you have any questions
about this program, contact VSCPA Media & Public Relations
Specialist Shawnte
Reynolds at (800) 733-8272.
| Spotlight on the Virginia Bankers Association |
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The Virginia
Bankers Association (VBA) has created a special
website to educate consumers on what to look for
or lookout for
when shopping for a mortgage or a credit card, how to protect
yourself from financial fraud, and other financial tips. VBA has
also produced a series of informational flyers with similar information.
Find out more about VBA's programs and resources at www.financeinfocenter.com.
With summer temperatures getting higher, your energy bill is
feeling the heat! There are many practical ways to cut down on
energy usage and costs. And when you reduce your energy use, the
environment benefits from lower greenhouse gas emissions. The
VSCPA
offers ten
tips to help you conserve energy, save money and do the
earth a favor.
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