November 2010 CPA eNewsletter

E-CPA – November 2010

BROUGHT TO YOU BY WARHAFTIG & ASSOCIATES, CPA

INSIDE THIS ISSUE:

1. WARHAFTIG & ASSOCIATES, CPA Update

2. Important Dates – Mark Your Calendar

3. 2011 Financial Fitness Calendar Now Available

4. Tips for Cutting Commuting Costs

5. Converting to a Roth IRA: Is It Right for You?

6. Choosing Between an FSA and an HAS

7. Lowering Your Tax Bill with Home Office Deductions

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1. WARHAFTIG & ASSOCIATES, CPA UPDATE

Please remember, if you are in need of any financial and/or tax advice during the course
of the year, feel free to call to make an appointment.
Just because it is not tax season, it doesn’t mean that you shouldn’t be thinking of your
2010 taxes…if you owed money in 2009, there is a good chance you will owe again
this year. If you are concerned, make an appointment for a tax forecast to be done.

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2. IMPORTANT DATES – MARK YOUR CALENDAR
Remember, if you received the $7,500 tax “Loan” in 2008 for first time homebuyers, you
will have to begin paying this back starting in 2010. My advice is to locate your local
Congressman and start a letter writing campaign to have them overturn this.

Moving from one job to another, do you want to move your 401k but need some
advice on how to move it, or even where to move it to, call for a consultation.

Please call if you have any questions or concerns.

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3. 2011 Financial Fitness Calendar Now Available

The New Jersey Society of CPAs will be releasing its 2011 Financial Fitness Calendar

later this month. This FREE calendar is an easy-to-follow resource guide, complete

with handy tips and tools for improving your financial health. Request your free copy today!

http://www.moneymattersnj.com/resources/calendar.cfm

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4. Tips for Cutting Commuting Costs

Commuting can be an expensive proposition. Follow these tips to minimize the cost

of getting to and from work.
http://www.moneymattersnj.com/story.cfm?SID=15084

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5. Converting to a Roth IRA: Is It Right for You?

Roth IRA conversions have been a hot topic this year. New rules have made 2010

the first year that there is no income limit for Roth IRA conversion eligibility. As such,

many taxpayers have access to a Roth for the first time. How do you know if converting

your traditional IRA to a Roth IRA is right for you?

http://www.moneymattersnj.com/story.cfm?sid=15087

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6. Choosing Between an FSA and an HSA

Health care expenses take a big bite out of many family budgets. There are tax-advantaged

options to help pay for medical or prescription costs, so it’s important to understand your

options for lowering those costs.

http://www.moneymattersnj.com/story.cfm?sid=15085

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7. Lowering Your Tax Bill with Home Office Deductions

The country’s economic downturn has created a new legion of entrepreneurs who are

working from home after losing a job. Many will consider using their home office as a

tax deduction for the first time, but caution is essential.

http://www.moneymattersnj.com/story.cfm?sid=15086

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