$Account.OrganizationName
The Accounting Educator from Your Financial Success Advisors
September 16, 2008
in this issue
  • Avoid Budget Blowout!
  • How to Be Sure Your Deposits are FDIC Insured
  • Business Growth Strategy Seminar October 30th
  • The Rest of the News

  • How to Be Sure Your Deposits are FDIC Insured

    Federal government regulators say that only a very small percentage of the country's banks are in trouble. But, we recommend that you don't bet your financial well being on the health of your bank! Take action right now to make sure you don't lose money in a bank failure.

    1. Find out if your bank is covered by the Federal Deposit Insurance Corporation (FDIC) insurance.

      FDIC guarantee Call toll-free 877-ASK-FDIC to make sure your bank or savings association is insured by the FDIC. Or check online.

      The FDIC insures deposits in most, but not all, banks and savings associations. We recommend that you put your non-investment cash only in an institution covered by the FDIC or by other Federal government agencies who insure deposits of credit unions and other types of financial institutions.

    2. Make sure your account balances are under the FDIC insurance limits.

    3. The FDIC generally covers $100,000 per person. There are higher limits for certain retirement accounts. (Click on the links below for more details.)

      If you have more than that covered amount in a failed bank, you may lose the over the amount insured maximum.

    The government typically seizes and closes failed banks Fridays after the end of the day, but failures can occur at any time. So, spend a couple minutes today so that your money remains safe.


    Business Growth Strategy Seminar October 30th

    The popular Business Growth Strategy Seminar's next session has just been scheduled for 5 pm Thursday, October 30th at Sterck Kulik O'Neill's downtown San Francisco office.

    Business owners and key team members are invited to sign up now for this two-hour interactive discussion. The session is free, but advanced registration is required.


    The Rest of the News

    Don't forget to visit our news page for regularly updated articles for your financial success.

    Today the news page talks about:

    • vehicle tax credits for non-hybrids
    • calculating self-employment taxes
    • the IRS eases rules for divorced/separated parents to claim tax-favored medical or fringe benefits for their children
    • new instructions for redesigned form 990
    ... and more stories to help you and your business.


    Avoid Budget Blowout!
    Charles Sterck, CPA

    What you can measure, you can manage.

    And, a budget is an important management tool. It's a projection of your income against your expenses which you can check at any time to see how well or how poorly your business is doing.

    Of course, the value of a budget is in direct proportion to the accuracy of the figures you use to create it.

    In the article below we share five general tips to help you make a realistic budget that will help your business grow. And, please talk to Sterck Kulik O'Neill for help with your specific budgeting questions.

    Charles R. Sterck, CPA
    Director

    5 Requirements for a Good Budget
    Quick Links...

    About Us

    Contact Us

    Financial Calculators

    News and Tips

    Newsletter Archives

    Recommended Reading

    Tax and Financial Planning Guide – Free!



    Join our mailing list!
    phone: 415 433-4500

    Send this Newsletter to a Friend