E-CPA – September 2008

INSIDE THIS ISSUE:
1. Warhaftig & Associates, CPA Update
2. Important Dates – Mark Your Calendar
3. Saving Green by Going Green
4. Five Credit Card Pitfalls
5. Freshman Finance 101: Money Management Skills for College Students
6. Check IRS Rules Before Donating a Used Car to Charity
7. Writing a Successful Business Plan
8. Additional Headlines

1. WARHAFTIG & ASSOCIATES, CPA UPDATE

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

Estimated Taxes: 3rd quarter estimated payments are due on September 15, 2008. If you would like to learn more about making estimated payments, please give us a call.

New Jersey Homestead Rebates have been sent out to seniors and disabled taxpayers based on applications received. All others that qualify should get them later in the fall.

3. SAVING GREEN BY GOING GREEN

Rising energy costs combined with concerns about global warming have spotlighted “green” issues. Whether you’re preparing for summer’s heat or winter’s frost – or looking
to lower your gasoline expenses – there are many practical ways to cut down on costs. Hear tips from a member of the New Jersey Society of CPAs that will help you save both
money and the planet.
http://www.moneymattersnj.com/story.cfm?sid=13431

4. FIVE CREDIT CARD PITFALLS

Thanks to the credit crunch and a growing number of defaults, card issuers are clamping down on borrowers. Now, even those with a stellar credit score and a solid history of paying their balances in full each month aren’t safe. Here are five credit card pitfalls and how to fight them.
http://www.accountingweb.com/cgi-bin/item.cgi?id=105714&d=883&h=884&f=882&dateformat=%o%20%B%20%Y

5. FRESHMAN FINANCE 101: MONEY MANAGEMENT SKILLS FOR COLLEGE STUDENTS

Parents should prepare their children for the rigors of managing a college budget by openly discussing monetary issues and teaching them personal finance basics.
http://www.360financialliteracy.org/Life+Stages/College/Articles/Budgeting+Basics/Freshman+Finance+101+Money+Management+Skills+for+College+students.htm

6. CHECK IRS RULES BEFORE DONATING A USED CAR TO CHARITY

High gas prices are causing many Americans to think about buying a more fuel efficient vehicle. But if you think you can donate your old car to charity and then take a hefty tax
deduction, you should brush up on the rules because they may be different from what you think.
http://www.moneymattersnj.com/story.cfm?sid=13421

7. WRITING A SUCCESSFUL BUSINESS PLAN

Many thriving businesses begin with someone’s great idea for a product or service. While that first inspiration is critical to any successful company, you also need a solid roadmap for the future. That’s why every company – whether start-up or long-standing – should have a business plan, a document that charts where your business stands today and
where you want it to go.
http://www.moneymattersnj.com/story.cfm?sid=13425

8. ADDITIONAL HEADLINES

Don’t Get Taken to the Divorce Tax Cleaners
http://www.bizactions.com/index.cfm/ba/e100/fa/90978861G1644J1835367P9P241T1/

Last-Minute Student Aid
http://www.bankrate.com/brm/news/college/20080722-financial-aid-a1.asp?caret=2

Common Challenges for Family Businesses
http://www.moneymattersnj.com/story.cfm?sid=13426

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