May 2009 Accounting Newsletter

1. 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

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2. 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

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3. 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

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4. 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

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5. 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

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6. 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