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 – 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