Let’s face it, nobody likes paying taxes. That’s why at tax time, many American taxpayers often obsess about ways to lower the amount they might owe or maximize their tax refund. In fact, many frequently pose a very popular and specific question: “Can I write that off?” Continue reading
It’s an annual passage and a sure sign that spring is approaching. It’s not longer days or warmer temperatures. It’s tax season and the all-important tax return filing deadline in mid April. And before you can even begin to think about the size of your return or the amount you owe, you’ve got to start by answering a simple question:
Who will file your taxes?
Will you do it yourself? Or hire someone to do it for you? There are some good arguments for both sides:
Doing It Yourself
The good news is that with the advent of technology, there are now a lot of helpful programs on the market to simplify tax filing and handle the calculations for you. For example, in their Super Bowl ad, Turbo Tax® demonstrated just how easy it is to answer tax questions and filing.
We’re joining institutions across the country that are observing America Saves Week, a national campaign that encourages individuals and families to save money, reduce debt and build personal wealth.
Here at Community Bank of the Chesapeake, we think that teaching youngsters to save is a great way to start them on their way to a lifelong habit of saving. That’s why we make it fun! Continue reading
Identity theft continues to be one of the fastest growing crimes in the United States. In the U.S., 12.6 million people – or 1 out of every 20 consumers – were victims of identity fraud last year. The American Bankers Association recommends following these tips to keep your information – and your money – safe. Continue reading
1. Place an initial fraud alert
Report that you are a victim to one of the three credit reporting companies. Ask them to put a fraud alert on your credit report. That company will tell the other companies, and the alert will be valid for 90 days. Keep track of the fraud alert ending date. Continue reading
Black Friday, Small Business Saturday and Cyber Monday have all come and gone. And your holiday shopping still isn’t finished? You’ve waited too long to rely on “overnight shipping,” and Amazon’s 30-minute drone delivery hasn’t “taken off” yet! Here are a few last-minute gift ideas to help ease the stress.
Think “homemade” and “handmade”
Check out Pinterest for the site’s featured pinners’ favorite recipes and hundreds of do-it-yourself and craft ideas. And the best part is, you don’t have to sign up to take advantage of these online pin boards — just click away. Continue reading
Your mobile device provides convenient access to your email, bank and social media accounts. Unfortunately, it can potentially provide the same convenient access for criminals. The American Bankers Association recommends following these tips to keep your information – and your money – safe. Continue reading
Corporate account takeover is a type of fraud where thieves gain access to a business’ finances to make unauthorized transactions, including transferring funds from the company, creating and adding new fake employees to payroll, and stealing sensitive customer information that may not be recoverable. The American Banker’s Association recommends following these tips to keep your small business safe. Continue reading
Shoppers all over will spend time scooting from store to store on Black Friday and scouring the internet on Cyber Monday hunting for the best holiday deals. However, sandwiched between the two deal-buster days is Small Business Saturday. Now entering its fourth year, Small Business Saturday has become a boon for both our local brick and mortar business and our communities alike. Continue reading
We’re proud to announce the start of our Third Annual Food and Toy Drive. Each year it brings us great pleasure to bring back this special seasonal event to help support the organizations and individuals in our communities.