July 2009 E-CPA Newsletter

E-CPA – July 2009

BROUGHT TO YOU BY WARHAFTIG & ASSOCIATES, CPA

INSIDE THIS ISSUE:

1. WARHAFTIG & ASSOCIATES, CPA Update

2. Important Dates – Mark Your Calendar

3. Is a Reverse Mortgage Right for You?
4. Avoid Investment Scams
5. Choosing an Eldercare Facility
6. Five Tips for Shopping at Liquidation Sales
7. This Month’s Podcast: Business Etiquette
8. Additional Headlines

===========================================================

1. WARHAFTIG & ASSOCIATES, CPA UPDATE

Even though tax season is done, it is never to early to discuss next year’s taxes…
Don’t be caught off guard and an unexpected tax return. Remember, a return
does not equal a refund.

Past e-Newsletters can be seen on our blog via our website at
www.warhaftigassociates.com

===========================================================

2. IMPORTANT DATES – MARK YOUR CALENDAR
If you are looking to take advantage of the “first time home buyer” tax credit, remember
that you need to purchase the home before December 1, 2009.
Please call if you have any questions or concerns.

===========================================================

3. IS A REVERSE MORTGAGE RIGHT FOR YOU?
A reverse mortgage has become a popular option for seniors
who would like to reap some of the benefits of the equity
they have accumulated in their homes. However, it’s
important to be aware of both the advantages and drawbacks
of this type of loan.
http://www.moneymattersnj.com/story.cfm?sid=14003

============================================================

4. AVOID INVESTMENT SCAMS
There are many con artists out there trying to take
advantage of people eager to offset their market losses in
the current economy. Here are some tips on how to avoid
being scammed.
http://www.moneymattersnj.com/story.cfm?SID=14005

============================================================

5. CHOOSING AN ELDERCARE FACILITY
As people grow older, many choose to continue living on
their own or move in with family. However, some prefer to
reside with people closer to their own age or need to live
in a facility that can cater to their changing medical
needs. What should you keep in mind if you must choose an
eldercare facility for yourself or a loved one?
http://www.moneymattersnj.com/story.cfm?sid=14006

============================================================

6. FIVE TIPS FOR SHOPPING AT LIQUIDATION SALES
One of the unfortunate consequences of a bad economy is a
stream of liquidation sales, where retailers slash prices to
unload merchandise before going out of business. Consumers
can find some great bargains at these sales, but there are
pitfalls to avoid in order to get a good deal.
http://www.moneymattersnj.com/story.cfm?sid=14007

============================================================

7. THIS MONTH’S PODCAST: BUSINESS ETIQUETTE
Business etiquette and office protocol can be tricky.
Executed properly, business etiquette may give you a
positive edge in the workplace. But display improper
business etiquette and you may be branded as obnoxious, rude
or worse. Find out how to make a good first impression and
sustain that impression to enhance your career.
http://www.njscpa.org/story.cfm?sid=13947

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8. ADDITIONAL HEADLINES

* Explaining Money Problems to Your Preschooler –
http://accounting.smartpros.com/x66675.xml

* 10 Things Home Insurance Won’t Cover –
http://www.lex18.com/Global/story.asp?S=3599705

* When a Business Loan Affects Your Personal Credit –
http://www.kswt.com/Global/story.asp?S=10533376&nav=menu613_8_5_3

* The Tax Implications of Foreclosures –
http://www.smartmoney.com/personal-finance/taxes/the-tax-implications-of-foreclosures/

=============================================================

E-CPA is a monthly email publication provided by

WARHAFTIG & ASSOCIATES, CPA

64 Hickory Court

Jamesburg, NJ 08831

(732) 521-3694

If you would prefer not to receive this newsletter, send an

email message to ira@warhaftigassociates.com with the words

“Unsubscribe E-CPA” in the subject line.

June 2009 E-CPA Newsletter

E-CPA – June 2009

BROUGHT TO YOU BY WARHAFTIG & ASSOCIATES, CPA

INSIDE THIS ISSUE:

1. WARHAFTIG & ASSOCIATES, CPA Update

2. Important Dates – Mark Your Calendar

3. Is Bankruptcy the Right Choice?
4. Is Now a Good Time to Refinance?
5. Great Gifts for the Graduate
6. Cutting Wedding Costs
7. Additional Headlines

===========================================================

1. WARHAFTIG & ASSOCIATES, CPA UPDATE

Even though tax season is done, it is never to early to discuss next year’s taxes…
Don’t be caught off guard and an unexpected tax return. Remember, a return
does not equal a refund.

Past e-Newsletters can be seen on our blog via our website at
www.warhaftigassociates.com

===========================================================

2. IMPORTANT DATES – MARK YOUR CALENDAR
If you are making estimated payments, June 15th is the next scheduled date.
Please call if you have any questions or concerns.

===========================================================

3. IS BANKRUPTCY THE RIGHT CHOICE?
During the current economic recession, many have lost their
jobs, seen their credit lines cut or experienced other
serious financial misfortunes. When the bills pile up and
times become desperate, many people begin to question
whether declaring bankruptcy is a viable option for them.
There are many issues to consider before taking this drastic
step. http://www.moneymattersnj.com/story.cfm?sid=13971

> SEE ALSO: Answers to Your Bankruptcy Questions –
http://www.bizactions.com/index.cfm/ba/e105/fa/108572706G1644J1835367P0P10109625T0/

============================================================

4. IS NOW A GOOD TIME TO REFINANCE?
Interest rates often fall during tough economic times.
That’s good news for homeowners who would like to shave a
few dollars off their monthly mortgage payments. However,
refinancing is only a good idea under the right
circumstances. Here’s some advice on deciding whether the
time is right for you.
http://www.moneymattersnj.com/story.cfm?SID=13970

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5. GREAT GIFTS FOR THE GRADUATE
One-third of all Americans typically give at least one
graduation gift at this time of year, and sometimes it can
be difficult to find just the right one to mark the occasion.
Here are several money-wise steps to make sure recent grads
start off on sound financial footing.
http://www.moneymattersnj.com/story.cfm?sid=13968

============================================================

6. CUTTING WEDDING COSTS
Congratulations, you’re getting married! Here are some tips
for having a memorable day while sticking to a realistic
budget. http://www.moneymattersnj.com/story.cfm?sid=13967

============================================================

7. ADDITIONAL HEADLINES
* Five Places to Find Summer Travel Deals –
http://www.smartmoney.com/spending/travel/5-places-to-find-summer-travel-deals/

* Smart Steps for Renting a First Apartment –
http://www.moneymattersnj.com/story.cfm?sid=13969

* New Jersey Extends Filing Deadlines for 2008 Homestead Rebate
and Senior Freeze Applications –
http://www.moneymattersnj.com/story.cfm?SID=13975
=============================================================

E-CPA is a monthly email publication provided by

WARHAFTIG & ASSOCIATES, CPA

64 Hickory Court

Jamesburg, NJ 08831

(732) 521-3694

If you would prefer not to receive this newsletter, send an

email message to ira@warhaftigassociates.com with the words

“Unsubscribe E-CPA” in the subject line.

May 2009 E-CPA Newsletter

E-CPA – May 2009

BROUGHT TO YOU BY WARHAFTIG & ASSOCIATES, CPA

INSIDE THIS ISSUE:

1. WARHAFTIG & ASSOCIATES, CPA Update

2. Important Dates – Mark Your Calendar

3. This Month’s Podcast: What to Do with Your Tax Refund
4. Protecting Your Retirement Savings
5. Borrowing from a Company Retirement Plan
6. New Jersey Tax Amnesty Program: May 4 – June 15
7. How to Lower Your Prescription Drug Costs
8. Additional Headlines

===========================================================

1. WARHAFTIG & ASSOCIATES, CPA UPDATE

Even though tax season is done, it is never to early to discuss next year’s taxes…
Don’t be caught off guard and an unexpected tax return. Remember, a return
does not equal a refund.

Past e-Newsletters can be seen on our blog via our website at
www.warhaftigassociates.com

===========================================================

2. IMPORTANT DATES – MARK YOUR CALENDAR
If you are making estimated payments, June 15th is the next scheduled date.
Please call if you have any questions or concerns.

===========================================================

3. THIS MONTH’S PODCAST: WHAT TO DO WITH YOUR TAX REFUND
You’ve finally settled up with Uncle Sam and got a refund.
So what should you do with the extra cash? A member of the
New Jersey Society of CPAs has some suggestions in this
month’s podcast.
http://www.moneymattersnj.com/story.cfm?sid=13907

============================================================

4. PROTECTING YOUR RETIREMENT SAVINGS
Problems in the stock market have affected virtually every
sector of the economy, but the impact on retirement accounts
has been the most worrisome for many people. Here are some
steps you can take now to protect your remaining savings.

http://www.moneymattersnj.com/story.cfm?sid=13850

============================================================

5. BORROWING FROM YOUR COMPANY RETIREMENT PLAN
Tapping into your retirement plan during a financial
emergency can be an acceptable step in the absence of other
borrowing options. Here’s how to make the most of this
borrowing option and avoid common mistakes.

http://www.moneymattersnj.com/story.cfm?sid=13851

============================================================

6. NEW JERSEY TAX AMNESTY PROGRAM: MAY 4 – JUNE 15
The New Jersey Division of Taxation has initiated a
limited-time Tax Amnesty program for individuals and
businesses that, due to tough economic times, owe taxes and
are confronted with accumulating interest payments and
penalties. From Monday, May 4, until June 15, 2009, the
Division will waive all penalties and forgive half of the
interest owed.

http://www.moneymattersnj.com/story.cfm?SID=13894

============================================================

7. HOW TO LOWER YOUR PRESCRIPTION DRUG COSTS
Many people struggle to meet the steep price of medications
for their families, particularly in a tough economy. Here
are some tips to make this necessary expense more affordable.
http://www.moneymattersnj.com/story.cfm?SID=13852

============================================================

8. ADDITIONAL HEADLINES

* Smart Steps for Funeral Planning –
http://www.moneymattersnj.com/story.cfm?sid=13853

* Beware of the 2009 “Dirty Dozen” Tax Scams –
http://www.moneymattersnj.com/story.cfm?sid=13842

* Nest Egg 2009: Five Ways to Stretch Your Savings –
http://www.smartmoney.com/Personal-Finance/Retirement/Nest-Egg-2009-5-Ways-to-Stretch-Your-Savings/

=============================================================

E-CPA is a monthly email publication provided by

WARHAFTIG & ASSOCIATES, CPA

64 Hickory Court

Jamesburg, NJ 08831

(732) 521-3694

If you would prefer not to receive this newsletter, send an

email message to ira@warhaftigassociates.com with the words

“Unsubscribe E-CPA” in the subject line.

April 2009 E-CPA Newsletter

E-CPA – April 2009

BROUGHT TO YOU BY WARHAFTIG & ASSOCIATES, CPA

INSIDE THIS ISSUE:

1. WARHAFTIG & ASSOCIATES, CPA Update

2. Important Dates – Mark Your Calendar
3. Dealing with Debt Collectors
4. This Month’s Podcast: HSAs Versus FSAs
5. Helping Aging Relatives in Tough Economic Times
6. Financial Advice for New Parents
7. Three Scams to Avoid in Tough Times
8. How to Blow Your Credit Limit – Without Spending

===========================================================

1. WARHAFTIG & ASSOCIATES, CPA UPDATE

On behalf of Deanna and myself, we would like to thank all of our clients
that used our services during this season.
We hope to see you all next season, but also if you need financial services
during the year, please do not hesitate to give us a call or drop us an e-mail.

Past e-Newsletters can be seen on our blog via our website at
www.warhaftigassociates.com

Also, as the mortgage crisis continues, I have heard a number of people say
that they are having trouble with their current mortgage. To help with this, I am
happy to refer you to Dione LeBlanc who is helping a lot of homeowners “modify”
their mortgages into a better situation.
You can call her at (732) 773-9330 or e-mail her at
dionneleblanc@certifiedmod.com

===========================================================

2. IMPORTANT DATES – MARK YOUR CALENDAR
April 15th is pretty much here…if you have filed an extension and would like us
to prepare your return, please drop us a line.

===========================================================

3. DEALING WITH DEBT COLLECTORS
It’s not uncommon to fall behind on debt payments,
particularly in a troubled economy. If you have missed
payments on your mortgage, credit card or other outstanding
debt, you may hear from a debt collector. Here’s some advice
on how to deal with collection agencies if you find yourself
in this situation.
http://www.moneymattersnj.com/story.cfm?SID=13795

============================================================

4. THIS MONTH’S PODCAST: HSAs VERSUS FSAs
Health Savings Accounts (HSAs) share some similarities with
Flexible Spending Accounts (FSAs) and other medical spending
accounts, but there are important differences. Hear from an
expert about how ownership, savings, spending and claims
differ across these accounts and learn the best option for
your situation.
http://www.moneymattersnj.com/story.cfm?sid=13803

============================================================

5. HELPING AGING RELATIVES IN TOUGH ECONOMIC TIMES
The downturn in the economy has taken a toll on everyone,
but senior citizens are often hardest hit. Here’s some
advice on how to help your parents or other aging relatives
weather a recession.
http://www.moneymattersnj.com/story.cfm?sid=13796

============================================================

6. FINANCIAL ADVICE FOR NEW PARENTS
A new baby is a joyous addition to any family. But children
also bring added financial responsibilities for new parents.
Here’s some advice on making the right financial choices for
your growing family.
http://www.moneymattersnj.com/story.cfm?sid=13797

============================================================

7. THREE SCAMS TO AVOID IN TOUGH TIMES
Many people have lost their jobs in the last few months as
the economy falters. Scam artists are still fully employed,
however, in good times and bad. Learn the tell-tale signs of
three common financial scams.
http://www.moneymattersnj.com/story.cfm?SID=13798

============================================================

8. HOW TO BLOW YOUR CREDIT LIMIT – WITHOUT SPENDING
If you haven’t had the credit limit cut on your credit card
recently, consider yourself lucky. Risk-averse card issuers
are increasingly cutting cardholder’s limits – sometimes to
amounts below what the cardholder currently owes.
http://www.smartmoney.com/spending/deals/card-issuers-will-not-hesitate-to-slash-your-credit-line/

=============================================================

E-CPA is a monthly email publication provided by

Warhaftig & Associates, CPA

64 Hickory Court

Jamesburg, NJ 08831

(732) 521-3694

If you would prefer not to receive this newsletter, send an

email message to ira@warhaftigassociates.com with the words

“Unsubscribe E-CPA” in the subject line.

March 2009 E-CPA Newsletter

E-CPA – March 2009

BROUGHT TO YOU BY WARHAFTIG & ASSOCIATES, CPA

INSIDE THIS ISSUE:

1. WARHAFTIG & ASSOCIATES, CPA Update

2. Important Dates – Mark Your Calendar
3. Six Ways to Stretch Your Dollar
4. This Month’s Podcast: How to Survive Losing Your Job
5. Avoiding a Tax Audit
6. Five Mistakes That Can Bust Your Budget
7. Handling Debt in a Divorce

===========================================================

1. WARHAFTIG & ASSOCIATES, CPA UPDATE

The 2009 Tax season is well under way…appointments can be made at any time by
calling 732-521-3694.
We offer both weeknights and weekend appointments and work around your
schedule. Also, tax returns can be prepared at your home or office if that is
preferred.
Past e-Newsletters can be seen on our blog via our website at
www.warhaftigassociates.com

Also, as the mortgage crisis continues, I have heard a number of people say
that they are having trouble with their current mortgage. To help with this, I am
happy to refer you to Dione LeBlanc who is helping a lot of homeowners “modify”
their mortgages into a better situation.
You can call her at (732) 773-9330 or e-mail her at
dionneleblanc@certifiedmod.com

Your Piece of the Stimulus Package
Ok, here are the details as I can see it:
1) If you are working and getting a paycheck from your employer, you will be receiving $400 over the course of 9 months (April 1st through December 31st) via less money coming out of your paycheck for Federal Withholding.
2) But if you make more than $95,000 as a single person, or $190,000 as a couple, you might still see this in your check, but might get this added back into your taxes come next tax season.
3) Folks on Social Security will receive a $250 check sometime prior to June 17th.
4) If you haven’t bought a home and are thinking about it, NOW IS THE TIME. There is a first time home buyers credit of $8,000 which you will get back once you buy the home and process your taxes next year. This is not an interest free loan like the one that they put out last year…the money is all yours.
5) Tuition credits got nicer as well…you can get up to $2,500 in tax credits for going to college (remember, it is you, not your dependant going to college).
6) Buying a new car this year, you are able to deduct the sales tax paid on that car (yes, you could have deducted it before, but it is complicated and I am not going into that here, if you want more information, let me know), this time, it is an additional deduction.
Most of the other items in the bill are for businesses or probably don’t relate to your individual needs. If you hear of something and would like more information on it, please let me know.

===========================================================

2. IMPORTANT DATES – MARK YOUR CALENDAR
April 15th will come up fast…don’t delay in getting your taxes done. Filers who
wait until the last minute usually miss something important that could save
themselves money.

===========================================================

3. SIX WAYS TO STRETCH YOUR DOLLAR
It’s always a good idea to spend your money wisely, but
during tough economic times these smart steps are even more
important. Here are some tips for getting the most out of
every dollar that you spend.
http://www.moneymattersnj.com/story.cfm?SID=13749

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4. THIS MONTH’S PODCAST: HOW TO SURVIVE LOSING YOUR JOB
In a troubled economy, many companies are cutting back. But
if you are laid off, stay positive and don’t panic. Hear
from a member of the New Jersey Society of CPAs about
strategies for evaluating your finances and finding that
next job. http://www.moneymattersnj.com/story.cfm?sid=13752

============================================================

5. AVOIDING A TAX AUDIT
All taxpayers dread the prospect of facing an Internal
Revenue Service audit. But there are steps you can take to
minimize the likelihood that you’ll be audited or at least
ensure a more positive experience if you are.
http://www.moneymattersnj.com/story.cfm?sid=13747

============================================================

6. FIVE MISTAKES THAT CAN BUST YOUR BUDGET
Making – and sticking to – a household budget can help you
conserve cash and limit your credit needs in tough economic
times. There are some traps, however, that can bust your
budget quickly, despite your best intentions.
http://www.moneymattersnj.com/story.cfm?SID=13748

============================================================

7. HANDLING DEBT IN A DIVORCE
Divorce is usually a very emotional and difficult time in
life, and it can also raise troubling financial questions.
Here’s some advice on how to smooth out problems and avoid
unnecessary friction when finances become an issue.
http://www.moneymattersnj.com/story.cfm?SID=13751

=============================================================

E-CPA is a monthly email publication provided by

Warhaftig & Associates, CPA

64 Hickory Court

Jamesburg, NJ 08831

(732) 521-3694

If you would prefer not to receive this newsletter, send an

email message to ira@warhaftigassociates.com with the words

“Unsubscribe E-CPA” in the subject line.

February 2009 E-CPA Newsletter

E-CPA – February 2009

BROUGHT TO YOU BY WARHAFTIG & ASSOCIATES, CPA

INSIDE THIS ISSUE:

1. WARHAFTIG & ASSOCIATES, CPA Update

2. Important Dates – Mark Your Calendar
3. This Month’s Podcast: Buying or Selling a Home in a Recession
4. Qualifying for a Mortgage in a Tough Economy
5. IRS Offers Tips to Avoid Recovery Rebate Credit Confusion
6. Retirement Savings Steps to Take Now
7. Tips for Renegotiating Your Mortgage

===========================================================

1. WARHAFTIG & ASSOCIATES, CPA UPDATE

The 2009 Tax season is well under way…appointments can be made at any time by
calling 732-521-3694.
We offer both weeknights and weekend appointments and work around your
schedule. Also, tax returns can be prepared at your home or office if that is
preferred.
Past e-Newsletters can be seen on our blog via our website at
www.warhaftigassociates.com

Also, as the mortgage crisis continues, I have heard a number of people say
that they are having trouble with their current mortgage. To help with this, I am
happy to refer you to Dione LeBlanc who is helping a lot of homeowners “modify”
their mortgages into a better situation.
You can call her at (732) 773-9330 or e-mail her at
dionneleblanc@certifiedmod.com

===========================================================

2. IMPORTANT DATES – MARK YOUR CALENDAR
April 15th will come up fast…don’t delay in getting your taxes done. Filers who
wait until the last minute usually miss something important that could save
themselves money.

===========================================================

3. THIS MONTH’S PODCAST: BUYING OR SELLING A HOME IN A
RECESSION

If you’re shopping for a mortgage or trying to sell your
home these days, it’s a whole new world out there. The
days of easy credit and skyrocketing home values are long
gone. So what do you do? Hear from a New Jersey CPA and a
real estate expert about how to buy or sell a home during
a recession.
http://www.moneymattersnj.com/story.cfm?sid=13691

* SEE ALSO: Preparing Your Home for Sale –
http://www.moneymattersnj.com/story.cfm?SID=13677

============================================================

4. QUALIFYING FOR A MORTGAGE IN A TOUGH ECONOMY
Although banks currently have stricter lending rules, it is
still possible to qualify for a mortgage in this difficult
economy. Here are a few steps that may make it easier.
http://www.moneymattersnj.com/story.cfm?sid=13678

============================================================

5. IRS OFFERS TIPS TO AVOID RECOVERY REBATE CREDIT CONFUSION
In response to errors showing up on early tax filings, the
Internal Revenue Service is urging taxpayers to make sure
they properly determine eligibility for the recovery rebate
credit before they file their 2008 federal tax returns.
http://www.moneymattersnj.com/story.cfm?SID=13681

============================================================

6. RETIREMENT SAVINGS STEPS TO TAKE NOW
The recent turmoil in the financial markets has touched
virtually every sector of the economy. One huge source of
anxiety for many people is the state of their retirement
savings. The market will always be volatile, but there are
steps you can take to better protect yourself for the
future. http://www.moneymattersnj.com/story.cfm?SID=13679

============================================================

7. THREE TIPS FOR RENEGOTIATING YOUR MORTGAGE
Banks are more willing than ever to help homeowners avoid
foreclosure, and terms may improve further if Congress
includes additional incentives for banks to help homeowners
as part of the economic stimulus package under
consideration. Here’s what you need to know.

http://www.smartmoney.com/Personal-Finance/Real-Estate/3-Tips-for-Renegotiating-Your-Mortgage/

=============================================================

E-CPA is a monthly email publication provided by

WARHAFTIG & ASSOCIATES, CPA

64 Hickory Court

Jamesburg, NJ 08831

(732) 521-3694

If you would prefer not to receive this newsletter, send an

email message to ira@warhaftigassociates.com with the words

“Unsubscribe E-CPA” in the subject line.

E-CPA January 2009 Newsletter

INSIDE 1. WARHAFTIG & ASSOCIATES, CPA Update

2. Important Dates – Mark Your Calendar

3. Conference to Feature Tracy Byrnes of Fox Business News
4. This Month’s Podcast: Keeping Financial Records Organized
5. How to Save on Gasoline Costs
6. Smart Steps to Take If You Are Laid Off
7. What to Do If Your Wallet Is Stolen
8. How to Choose the Best Bank for You
9. Additional Headlines

===========================================================

1. WARHAFTIG & ASSOCIATES, CPA UPDATE

Welcome to the 2009 Tax Season…appointments can be made at any time by
calling 732-521-3694.
We offer both weeknights and weekend appointments and work around your
schedule. Also, tax returns can be prepared at your home or office if that is
preferred.
Past e-Newsletters can be seen on our blog via our website at
www.warhaftigassociates.com

Also, as the mortgage crisis continues, I have heard a number of people say
that they are having trouble with their current mortgage. To help with this, I am
happy to refer you to Dione LeBlanc who is helping a lot of homeowners “modify”
their mortgages into a better situation.
You can call her at (732) 773-9330 or e-mail her at
dionneleblanc@certifiedmod.com

===========================================================

2. IMPORTANT DATES – MARK YOUR CALENDAR
April 15th will come up fast…don’t delay in getting your taxes done. Filers who
wait until the last minute usually miss something important that could save
themselves money.

===========================================================

3. CONFERENCE TO FEATURE TRACY BYRNES OF FOX BUSINESS NEWS
Tracy Byrnes, reporter and financial commentator with FOX
Business News, will be the featured speaker at “Do It
Herself: A Journey to Financial Freedom,” a conference just
for women being held on Saturday, January 24. Conference
topics include Retirement Planning, Home Buying and Mortgage
Tips, Finances of Divorce, Advanced Investing, Tax Tips,
Starting a Business, Setting Up a Budget, and more.
http://www.moneymattersnj.com/resources/event.cfm?eventid=45

============================================================

4. THIS MONTH’S PODCAST: KEEPING FINANCIAL RECORDS ORGANIZED
It never seems important to keep financial papers
organized – that is, until you need them! Save yourself the
panic by getting the job done now.
http://www.moneymattersnj.com/story.cfm?SID=13622

============================================================

5. HOW TO SAVE ON GASOLINE COSTS
The cost of fuel may have dropped since its surge last year,
but saving money on gasoline is always a top priority for
consumers. While you may have no control over prices at the
pump, there are steps you can take to be a smarter gas
consumer.
http://www.moneymattersnj.com/story.cfm?sid=13608

============================================================

6. SMART STEPS TO TAKE IF YOU ARE LAID OFF
In a troubled economy, many companies are cutting jobs. Here
are some strategies for keeping your finances in order even
if you lose your job.
http://www.moneymattersnj.com/story.cfm?SID=13609

============================================================

7. WHAT TO DO IF YOU WALLET IS STOLEN
You check your purse or pocket and discover the worst has
happened – your wallet has been stolen. What should you do
first? Your wallet contains not only your money but also
credit cards, your driver’s license and other
identification. Here’s some advice for if you find yourself
in this situation.
http://www.moneymattersnj.com/story.cfm?SID=13610

============================================================

8. HOW TO CHOOSE THE BEST BANK FOR YOU
When opening a checking or savings account, security and
convenience top the list of must-haves. But how do you know
which bank, savings and loan or other choice is the right
one for you?
http://www.moneymattersnj.com/story.cfm?sid=13607

============================================================

9. ADDITIONAL HEADLINES

* Seven Ways to Save in 2009 –
http://www.smartmoney.com/Spending/Deals/7-Ways-to-Save-in-2009/

* Retirement Resolutions for the New Year –
http://money.cnn.com/2009/01/05/pf/expert/retirement_resolutions.moneymag/index.htm

* Five Ways to Boost a Financial Aid Package –
http://www.smartmoney.com/Personal-Finance/College-Planning/5-Ways-to-Boost-A-Financial-Aid-Package

E-CPA is a monthly email publication provided by:
Warhaftig & Associates, CPA
64 Hickory Court
Jamesburg, NJ 08831
(732) 521-3694
www.WarhaftigAssociates.com

E-CPA – December – 2008

INSIDE THIS ISSUE:
1. WARHAFTIG & ASSOCIATES, CPA Update
2. Important Dates – Mark Your Calendar
3. Savvy Holiday Shopping
4. How to Set – and Keep – Your Financial Goals
5. Reminder: 2009 Financial Fitness Calendar Available
6. Can You Find Credit Relief with Debt Consolidation?
7. Additional Headlines

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1. WARHAFTIG & ASSOCIATES, CPA UPDATE
Past e-Newsletters can be seen on our blog via our website at
www.warhaftigassociates.com

The website is still currently under construction and we hope to roll it out in time
for the new year.

Also, we will have a new e-mail as well, ira@warhaftigassociates.com will be used
going forward, so please add us to your address book so that your “spam” filter
will allow you to continue to receive these newsletters.

Appointments are now being taken for tax planning (get a jump
on next year and don’t be surprised), financial planning (investing, retirement,
debt and credit card assistance) or anything else that we can be of assistance.
Please do not hesitate to call or e-mail us.

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2. IMPORTANT DATES – MARK YOUR CALENDAR
If you make estimated tax payments to the state and federal government, consider
sending in your state estimate before 12/31 so that you can deduct that payment on
your federal return. Please see me if you have any questions or concersns.

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3. SAVVY HOLIDAY SHOPPING
The holidays are a fun and exciting time of year, but they
can also cost you more than you expected. You don’t have to
bust your budget to show how much you care. Here are some
tips for reining in spending while partaking in the spirit
of the season.

> Listen to the Podcast –
http://www.moneymattersnj.com/story.cfm?sid=13565

> Inexpensive Holiday Gift Ideas –
http://www.moneymattersnj.com/story.cfm?sid=13553

> Smart Tips About Gift Cards –
http://www.moneymattersnj.com/story.cfm?sid=13554

> Five Ways to Save on Online Shipping Fees –
http://www.smartmoney.com/spending/deals/5-Ways-to-Save-on-Online-Shipping-Fees-23480/

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4. HOW TO SET – AND KEEP – YOUR FINANCIAL GOALS
What’s on your wish list for the future? Do you dream about
taking a special vacation, buying a home or retiring to a
seaside location? With the proper planning, it’s possible
to reach many or all of your goals.
http://www.moneymattersnj.com/story.cfm?SID=13557

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5. REMINDER: 2009 FINANCIAL FITNESS CALENDAR AVAILABLE
The New Jersey Society of CPAs just released its 2009
Financial Fitness Calendar. This FREE calendar serves as an
easy-to-follow resource guide, with handy tips and tools
for improving your financial health. Get your free copy
today!
http://www.moneymattersnj.com/resources/calendar.cfm

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6. CAN YOU FIND CREDIT RELIEF WITH DEBT CONSOLIDATION?
When your credit becomes difficult to manage, it can be
tempting to simply declare bankruptcy and hope that
everything works out down the road; however, this is the
exact wrong thing to do.
http://www.moneymattersnj.com/story.cfm?sid=13524

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7. ADDITIONAL HEADLINES

* Making Gifts to Family Members Can Save Taxes –
http://accounting.smartpros.com/x63736.xml

* Questions to Ask About Service Contracts –
http://www.moneymattersnj.com/story.cfm?sid=13555

E-CPA is a monthly email publication provided by:
Warhaftig & Associates, CPA
64 Hickory Court
Jamesburg, NJ 08831
(732) 521-3694
www.WarhaftigAssociates.com

E-CPA – November 2008

INSIDE THIS ISSUE:
1. WARHAFTIG & ASSOCIATES, CPA Update
2. Important Dates – Mark Your Calendar
3. 2009 Financial Fitness Calendar Now Available
4. This Month’s Podcast: 401(k) Plans
5. Five Steps to Help Keep More Money in Your Pocket
6. Take Advantage of College Tax Breaks
7. Making the Most of Student Loans
8. Legal Documents You Need to Have
9. Additional Headlines

1. Warhaftig & Associates, CPA UPDATE

We are working to get our website and e-mail up and running over the next few months. This site will give you access to financial calculators, helpful and websites as well as other important information. It will also contain an archive of all the previous newsletters for your review.

Appointments are now being taken for tax planning (get a jump on next year and don’t be surprised), financial planning (investing, retirement, debt and credit card assistance) or anything else that we can be of assistance. Please do not hesitate to call or e-mail us.

2. IMPORTANT DATES – MARK YOUR CALENDAR

Please call if you are required to submit “estimated taxes” for the year. Remember that if you need to submit state estimated taxes, they should be submitted prior to December 31, 2008 so that they can be used on your federal return.

3. 2009 FINANCIAL FITNESS CALENDAR NOW AVAILABLE

The New Jersey Society of CPAs just released its 2009 Financial Fitness Calendar. This FREE calendar serves as an easy-to-follow resource guide, with handy tips and tools for improving your financial health. Get your free copy today!
http://www.moneymattersnj.com/resources/calendar.cfm

4. THIS MONTH’S PODCAST: 401(K) PLANS

In the current economy, as employees’ 401(k) balances go on a rollercoaster ride, hear from a New Jersey Society of CPAs financial planning expert on 401(k) plan basics: why it’s a useful investment vehicle, the different plan options and more. In part two of this informative podcast, our expert talks about investing in a plan and withdrawing funds: how risk and time impact a portfolio, accessing funds and tax penalties for early withdrawal.
http://www.moneymattersnj.com/story.cfm?SID=13517

5. FIVE STEPS TO HELP KEEP MORE MONEY IN YOUR POCKET

Skyrocketing gas prices have gotten a lot of media attention this year, but most consumers have noticed that the costs of many basic goods have also crept higher, taking a toll on their monthly budgets. Here are suggestions on the best ways to boost the cash in your pocket.
http://www.moneymattersnj.com/story.cfm?sid=13523

6. TAKE ADVANTAGE OF COLLEGE TAX BREAKS

Some parents spend years saving for their children’s college education, while others scramble to find last-minute scholarships and loans. No matter which approach you’ve taken, there are a number of tax breaks available for qualifying taxpayers paying education bills.
http://www.moneymattersnj.com/story.cfm?sid=13521

7. MAKING THE MOST OF STUDENT LOANS

This is the time of year many high school seniors are finalizing their decisions about which colleges they will apply to. That means it’s time for their parents to give serious consideration to how they are going to pay for that college education. Here are some smart financing ideas.
http://www.moneymattersnj.com/story.cfm?sid=13519

8. LEGAL DOCUMENTS YOU NEED TO HAVE

It’s a good idea for everyone to take steps to ensure that their wishes are carried out in case of their illness or death. There are a number of legal documents that can communicate your wishes and make life easier for your loved ones.
http://www.moneymattersnj.com/story.cfm?sid=13522

9. ADDITIONAL HEADLINES

Consumers Feel the Next Crisis: It’s Credit Cards
http://www.nytimes.com/2008/10/29/business/29credit.html?_r=1&ei=5070&emc=eta1&oref=slogin

Three Insurance Policies You Don’t Need to Buy
http://www.smartmoney.com/Spending/Rip-offs/3-Insurance-Policies-Worth-Skipping/

Six Ways to Save on Homeowners Insurance
http://www.smartmoney.com/Spending/Deals/6-Ways-to-Save-on-Homeowners-Insurance/

E-CPA is a monthly email publication provided by:
Warhaftig & Associates, CPA
64 Hickory Court
Jamesburg, NJ 08831
(732) 521-3694
www.WarhaftigAssociates.com

E-CPA – October 2008

INSIDE THIS ISSUE:
1. Warhaftig & Associates, CPA Update
2. Important Dates – Mark Your Calendar
3. Is My Money Safe?
4. Ideas for Cutting Your Heating Bills
5. Don’t Be a Victim of Consumer Fraud
6. New Tax Credit Available for First-Time Homebuyers
7. Being Prepared Financially After a Death in the Family
8. Preparation Can Make the Difference Between Inconvenience and Disaster
9. Additional Headlines

1. Warhaftig & Associates, CPA UPDATE

First and foremost, the market situation. A lot of people have come up and asked me
my opinion on this whole market problems. Allow me to give you a few things to
think about when it comes to your money:

1. If you “need” the money that you have currently invested in the market, your 401k, IRAs, mutual funds, etc within the next 5 years, then take it out now and put it into something safe like savings, treasury bills, CD’s, etc.
2. If you do not need the money during the next 5 years, and can “ride out the storm”, then leave your money alone, and if possible, contribute more. I know that sounds like the last thing you want to do, but markets are always cyclical and will come back on average every 3 – 5 years. Now is not the time to panic even though everyone else is. Always make sure you have enough cash on hand in case of an emergency, usually 3 – 6 months worth of bills, and your retirement accounts are fully funded.

Appointments are now being taken for tax planning (get a jump on next year and don’t be surprised), financial planning (investing, retirement, debt and credit card assistance) or anything else that we can be of assistance. Please do not hesitate to call or e-mail us.

2. IMPORTANT DATES – MARK YOUR CALENDAR

Homestead rebates have been mailed out. If you believe you should have received one and did not receive it, you can call the State of New Jersey at 877-658-2972,
or go online at www.state.nj.us to check the status online.

3. IS MY MONEY SAFE?

In the wake of Wall Street’s recent turbulence, CPA financial planners advise a calm approach to investors concerned about the safety of their assets. But if you are worried about your money – in banks, brokerages, or insurance companies – this month’s Financially Fit podcast from the New Jersey Society of CPAs provides answers to some pressing questions.
http://www.moneymattersnj.com/story.cfm?SID=13463

SEE ALSO:

Is My Money Really Safe? (Yahoo! Finance)
http://finance.yahoo.com/banking-budgeting/article/105777/Is-My-Money-Really-Safe

Tips on Safeguarding Savings and Investments
http://www.moneymattersnj.com/story.cfm?SID=13444

4. IDEAS FOR CUTTING YOUR HEATING BILLS

Home heating prices have skyrocketed in recent years, leaving people scrambling to find ways to cut their energy expenses. Given the soaring cost of fuel in recent months, there’s reason to believe that this year will be another expensive one. However, there are ways to conserve energy and lower your heating bills, without sacrificing your comfort. http://www.moneymattersnj.com/story.cfm?sid=13467

5. DON’T BE A VICTIM OF CONSUMER FRAUD

Consumer fraud is big business, and there are many different types of crimes involved, including tax refund scams, fraudulent weight-loss programs, phony lottery or prize schemes and bogus work-at-home scams. Here are steps you can take to avoid becoming a victim.
http://www.moneymattersnj.com/story.cfm?sid=13466

6. NEW TAX CREDIT AVAILABLE FOR FIRST-TIME HOMEBUYERS

First-time homebuyers should begin planning now to take advantage of a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008.
http://www.moneymattersnj.com/story.cfm?sid=13442

7. BEING PREPARED FINANCIALLY AFTER A DEATH IN THE FAMILY

What would happen to your family’s finances if you or your spouse were to die unexpectedly? Would it be easy for your loved ones to get back on their feet financially? Here are some tips to ensure that your family is financially prepared to cope with a death in the family.
http://www.moneymattersnj.com/story.cfm?sid=13465

8. PREPARATION CAN MAKE THE DIFFERENCE BETWEEN INCONVENIENCE
AND DISASTER

Natural or manmade disasters can strike at any time, and protecting your family’s health and security are the most urgent considerations. However, the steps you take before disaster strikes may make the difference between dealing with an inconvenience or trying to survive a nightmare.
http://www.moneymattersnj.com/story.cfm?sid=13468

9. ADDITIONAL HEADLINES

Five Last-Minute Retirement Tips
http://www.smartmoney.com/consumer/index.cfm?story=5-Last-Minute-Retirement-Tips

Is Your Hobby a For-Profit Endeavor?
http://www.irs.gov/irs/article/0,,id=186056,00.html

Cheap Ways to Boost Your Home’s Value
http://www.smartmoney.com/consumer/index.cfm?story=top5-home-values

E-CPA is a monthly email publication provided by:
Warhaftig & Associates, CPA
64 Hickory Court
Jamesburg, NJ 08831
(732) 521-3694
www.WarhaftigAssociates.com

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