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| Attend a Financial Fitness Workshop! |
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To
recognize Virginia Certified
Public Accountants Week,
September 19–25, 2010,
the Virginia
Society of Certified Public
Accountants (VSCPA)
is pleased to offer a series
of free Financial Fitness
Workshops! Autumn is a great
time to enjoy cooler temperatures
and colorful leaves —
just don’t fall behind
on your financial education!
To
reserve your spot, please
RSVP using the links below
or contact the VSCPA Education
Team at (800) 341-8189 or
cpe@vscpa.com.
Understanding
Nonprofit Finances: Effective
Accounting & Business
Practices for Organizations
Date: Friday, September
17
Time: 9 a.m. –
12 p.m.
Location: University
of Fairfax
Discussion leader:
James Cole, CPA, Masonic
Home of Virginia
Register
online now!
This
seminar examines basic
accounting and financial
issues for nonprofits,
including Internal Revenue
Service (IRS) concerns,
fundraising, budget practices,
financial reporting, enhancing
management, improving
the effectiveness of boards
of directors and more.
It is designed for nonprofit
managers, staff and boards
of directors.
Highlights:
•
Better manage scarce resources
• Responsibly accept
gifts
• Avoid scaring away
donors
• Keep the IRS happy
• Avoid legal/regulatory
problems
Exercise
Your Financial Future
Virtual workshop:
This workshop will take
place via Internet and
conference call. You will
receive dial-in/login
instructions in your confirmation
e-mail a few days before
the workshop.
Date: Wednesday,
September 22
Time: Noon –
1 p.m.
Location: Online
Discussion leader:
Phil Umansky, CPA, Ph.D.,
Virginia Union University
Register
online now!
Get
your finances into shape!
Designed for all members
of the general public,
this workshop explores
such topics as budgeting,
saving, insurance strategies,
retirement planning, money
management, financial
planning and more. Find
out what you need to be
doing today to secure
your finances tomorrow.
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| Over Half of Workforce Hit by Recession, Survey
Finds |
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More than half (55 percent)
of all adults in the labor
force say that since the
Great Recession began 30
months ago, they have suffered
a spell of unemployment,
a cut in pay, a reduction
in hours or have become
involuntary part-time workers,
according to a new survey
by the Pew
Research Center.
The
work-related impact of the
recession extends far beyond
the 9.7 percent who are
unemployed or the 16.6 percent
who are either out of work
or underemployed. The Pew
Research survey
(PDF) finds that about a
third (32 percent) of adults
in the labor force have
been unemployed for a period
of time during the recession.
Read
more
information on the
survey results.
Source:
WebCPA
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| Student Loan Program Changes Affect Rates, Repayment |
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In just a few weeks, thousands of recent high
school graduates will pack up the minivans and head
off to college. For many students, though, the thrill
of embarking on a new adventure is tempered by the sobering
reality of student debt. More than 60 percent of students
borrow money to pay for college. If you're one of them
— or you're the parent of a college student —
it's important to understand some of the student
loan program changes that took effect on July
1, 2010.
Source: USA
TODAY
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| Homebuyer
Tax Credit Closing Deadline Extended |
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Eligible taxpayers who contracted to buy a
home, qualifying for the First-Time Homebuyer Credit
before the end of April, now have until September
30, 2010, to close the deal, according to the Internal
Revenue Service (IRS).
The Homebuyer Assistance and Improvement Act of 2010,
signed by President Obama in June 2010, extended the
closing deadline from June 30, 2010, to September
30, 2010, for any eligible homebuyer who entered into
a binding purchase contract on or before April 30,
2010, to close on the purchase of the home on or before
June 30, 2010. The new law addresses concerns that
many homebuyers might be unable to meet the original
June 30, 2010, closing deadline. Read more
information on the deadline extension.
Source: WebCPA
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| Consumer
Articles |
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The VSCPA
develops financial articles through a joint effort
with the American
Institute of CPAs (AICPA), as part of the
profession’s nationwide 360
Degrees of Financial Literacy program. These
articles 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 may use these articles
in publications, employee newsletters, websites and
more. Here are this month's topics:
Procrastination
and Your Finances
There is a natural tendency to procrastinate in doing
stressful financial activities that you don’t
enjoy. Combined with a busy, hurried lifestyle and
competing demands, procrastination can create its
own problems, such as stress, guilt and panic. Because
procrastination can actually cost money, CPAs offer
a few helpful
tips on how to keep from procrastinating on
financial issues.
Understanding
Your Credit Score
Do you know what’s in your credit file? The Fair
Credit Reporting Act allows all Americans the right
to receive free copies of their credit files annually
from credit reporting agencies. If you want to manage
your credit effectively, CPAs suggest you go right
to the source and review the data that all
the credit reporting agencies use.
Why
You Need a Home Inventory
Would you be able to list all the contents of your
home if you had to? Most people could not, which is
why it’s a good idea to put together a written
home inventory. A home inventory can help you determine
what needs to be replaced if you are the victim of
a burglary, fire or other disaster. Read several key
reasons the inventory will come in handy.
Get
Healthy, Save Money!
There are many reasons to maintain your good health,
but did you know there are some great financial reasons
to do so, as well? With some planning and a little
time, there are ways to watch your budget and still
create a healthy lifestyle. Virginia CPAs explain
what
you need to know.
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| Financial
Quiz & Budgeting Template |
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How healthy are your finances? Take this Financial
Fitness check-up
quiz to test your financial know-how. If your
personal financial plan needs a diet, use this simple
budgeting
template to create your own monthly spending
plan.
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| Air Conditioner Savings
Tips |
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Can't get by without your trusty air conditioner? This
feeling is understandable, especially as temperatures
skyrocket on the east coast and summer kicks into full
gear. But be sure to use your air conditioner in smart
ways in order to keep your electric bill under
control.
Source: American
Institute of Certified Public Accountants
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