New Online Retirement Estimator!
Social Security has unveiled a new online financial and retirement planning tool, the Retirement Estimator, which allows individuals to get an immediate and personalized estimate of their potential Social Security retirement benefits.
Based partly on Social Security records and partly on user-entered information, e.g., last year's earnings, the Retirement Estimator provides real time estimates of retirement benefits at specific points in time - age 62, full retirement age, and age 70. "What if" scenarios can also be run by varying the information provided.
The Retirement Estimator is secure; only the benefit estimates are provided online and no personal information is revealed. Some identifying information is required to access the Estimator.
Click here for more informationThe 2009 ASV Annual Conference date is set!
  
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LIVE STREAMING VIDEO ASV now offers you Live Streaming Seminars via Jennings Seminars and Bob Jennings! AND you SAVE 10% off the Seminar cost by registering through ASV's site! |
The Step Two Increase in Federal Minimum Wage
Takes Place in July
The Fair Minimum Wage Act of 2007 first raised the federal minimum wage to $5.85 per hour on July 24, 2007, for those covered by the Fair Labor Standards Act. That was step one.
On July 24, 2008, the federal minimum increases to $6.55 per hour.
Next year, watch for step three, which will take us up to $7.25 per hour (on July 24, 2009).
If you haven't already updated your federal minimum wage poster, you can download a copy for free from the Department of Labor. It covers all three steps.
In cases where an employee is subject to both state and federal minimum wage laws, the employee is entitled to the higher minimum wage.
The IRS Announces New Mileage Rates
Effective July 1, 2008 through December 31, 2008, the new mileage rate is 58.5 cents a mile for business miles driven, and 27 cents a mile for medical and moving miles. Charitable mileage rate remains unchanged at 14 cents a mile.
Anyone tracking their mileage should begin to collect two sets of mileage records – one for miles driven before July 1 and one for miles from July 1 to the end of the year.
For the full text of the news, go to: http://www.irs.gov/newsroom/article/0,,id=184163,00.html
It's ASV’s 60th Anniversary!
But YOU get the presents!
In honor of the 60th Anniversary of the Accountants Society of Virginia, you may take $30 off the registration price for each of the upcoming Jennings Seminars.
ASV MEMBERSHIP!!
ASV's 2008/2009 Membership Renewal is underway!
We thank you for you patience in working with us! Membership Renewals have been mailed out. If there are any questions, please contact us!
For more information and a note from our President...
2008/2009 CPE Classes set!
| Sept. 30 - Oct 1, 2008 |
16 CPE |
Jennings 1120 In-Depth | Fairfax |
| Oct. 2-3, 2008 |
16 CPE |
Jennings 1120 In-Depth | Williamsburg |
| Oct. 27-28, 2008 |
16 CPE |
Jennings 1040 In-Depth | Fairfax |
| Dec. 8-9, 2008 |
16 CPE |
Jennings 1040 In-Depth | Williamsburg |
| Jan. 8-9, 2009 |
16 CPE |
Jennings 1040 In-Depth | VA Beach |
ASV Creates THE EXCHANGE!
ASV has created a forum in which tax professionals may share ideas, ask questions and stay abreast of Industry News!
Click here to go to the exchange!