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Client Update Newsletter: August 2024

Scammers are always scheming up new ways to steal your money. At the same time, the altruistic IRS is trying to protect you by staying one step ahead of the fraudsters. In this month’s newsletter, read about the latest scams flagged by the IRS that you should be on the lookout for this summer.

Also in this edition, find out how to avoid the back-to-school shopping trap, tips to increase the worth of your most valuable asset, and a list of buzzwords that can help expand your professional vocabulary.

As always, feel free to pass this information on to anyone that may find it useful and please call if you have any questions or concerns.

Contents

Beware of Scammers Targeting Your Tax Info, Warns IRS

Social media is an easy way for scammers and others to try encouraging people to pursue some really bad ideas, and that includes ways to magically increase your tax refund.

Beware of Scammers Targeting Your Tax Info Warns IRS image– IRS Commissioner Danny Werfel

Tax scammers continue to become more sophisticated, which means it’s more important than ever to pay attention to any person or message asking you to provide confidential information. Here are several of the more prevalent scams to be on the lookout for, according to the IRS.

It's easy to fall victim to tax scams. So stay vigilant and if you see a scam, let everyone know. It's with increased awareness that we can decrease the number of scam victims.


Ideas to Lower Back-to-School Shopping Costs

Ideas to Lower BacktoSchool Shopping Costs imageWith inflation hiking the prices of everything over the past 4 years, and schools asking families to fork over larger and larger sums of money every year to help with shared supplies, the cost of your back-to-school shopping trip can quickly spiral out of control.

Consider these ideas to lower your back-to-school shopping costs.

Back-to-school shopping can be expensive. Use these tips to cost-effectively get your kids ready for the new school year.


Increasing the Worth of Your Most Valuable Asset

If someone asks what your most valuable asset is, your answer might be your house, vehicle, or investment portfolio. But there's another answer to this question that's worth considering – yourself.

As you seek out opportunities to increase the value you bring to the table both in your personal and professional life, here are some ideas.


Expand Your Professional Vocabulary

Expand Your Professional Vocabulary imageIn our fast-moving world, using concise yet descriptive words and phrases can be very powerful when communicating important thoughts and ideas.

While the term can incite eye-rolls if overused, certain words and associated phrases can be helpful as a communication tool when you don’t have the time for an in-depth conversation. Here are some of the latest business buzzwords to help you expand your professional vocabulary or better understand them when thrown at you.

While the business buzzwords presented here are general in nature, the ones you use may be industry- or tool-specific. So be aware of the buzzwords you use on a regular basis and make sure your audience also fully understands their meaning.



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