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What are some tips for organizing financial records?

Organizing your financial records is a cyclical process rather than a one-time event. You'll need to set up a system that helps you organize incoming documents and maintain existing files so that you can easily find what you need. Here are a few tips.

Create your system: Where you should keep your records and documents depends on how quickly you want to be able to access them, how long you plan to keep them, and the number and type of records you have. A simple set of labeled folders in a file cabinet may be fine, but electronic storage is another option for certain records if space is tight or if you generally choose to receive and view records online. No matter which storage option(s) you choose, try to keep your records in a central location.

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Explore Buffalo Lists a Wide Variety of June Tours and Experiences

Explore Buffalo Lists a Wide Variety of June Tours and Experiences

Unique and exciting tours highlighting Buffalo’s history, art and architecture are being offered through Explore Buffalo throughout the month of June. 

Riverfront Renaissance
June 1, 4, 5, 8, 11, 12, 15, 18, 19, 22, 25, 26, 29 • 10 a.m.
Meet: Courtyard by Marriott Hotel, 125 Main St., Buffalo
General Admission $15, Student Admission $5, Explorer Pass Holders Free

Dalia’s Bridal to Hold Month-long Benefit for Food Bank of WNY

Dalia’s Bridal to Hold Month-long Benefit for Food Bank of WNY

Dalia’s Bridal, located at 4558 Main St. in Snyder, will hold a month-long sales event in June to benefit the Food Bank of WNY.

Throughout the month of June, visitors are asked to bring a nonperishable food item to the store that will be donated to the Food Bank. During this time, Dalia’s will also host its first annual “Spring Into Summer Clearance Sale” with 30 to 85 percent off select bridal wear, and select bridal gowns starting at just $99.

“A portion of all sales during the month of June will also be donated to the Food Bank of WNY,” said the store’s owner, Dalia Nowak. “The Food Bank plays a vital role in our community, and we consider it an honor to help them continue their service and outreach.”

What is the federal funds rate?

In December 2015, the Federal Open Market Committee (FOMC) raised the federal funds target rate to a range of 0.25% to 0.50%, the first shift from the rock-bottom 0% to 0.25% level where it had remained since December 2008.

The federal funds rate is the interest rate at which banks lend funds to each other from their deposits at the Federal Reserve, usually overnight, in order to meet reserve requirements. The Fed also raised a number of other rates related to funds moving between Federal Reserve banks and other banks. The Fed does not directly control consumer savings or credit rates, but the federal funds rate serves as a benchmark for many short-term rates, such as savings accounts, money market accounts, and short-term bonds.

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When Disaster Strikes: Deducting Casualty Losses

Wildfires, tornadoes, storms, landslides, and flooding.... It's almost as if you can't turn on the news without seeing images of a disaster striking somewhere. If you've suffered property loss as the result of these events or other circumstances, you may be able to claim a casualty loss deduction on your federal income tax return.

What's a casualty loss?

A casualty is the destruction, damage, or loss of property caused by an unusual, sudden, or unexpected event. You can experience a casualty loss as the result of something as sweeping as a natural disaster, or as limited in scope as an act of vandalism. You probably don't have a deductible casualty loss, however, if your property is damaged as the result of gradual deterioration (e.g., a long-term termite infestation).

Annual No Frills Buffalo Golf Tournament to Benefit Hospice Foundation

Annual No Frills Buffalo Golf Tournament to Benefit Hospice Foundation

No Frills Buffalo publishing company’s eighth annual golf outing to benefit the Hospice Foundation will take place on Friday, July 8, at Chestnut Hill Country Club, 1330 Broadway, Darien Center.

Individual golfers, foursomes and sponsors are still being sought for the annual “Come Get Some” golf tournament. Registration and lunch begin at 12:30 p.m., followed by a 1:30 p.m. shotgun start.

Registration for the event is just $80 per golfer and includes lunch, a steak dinner, beverages and 18 holes of scramble-format golf. Tickets for dinner only are available for $40. Golfers of all skill levels are welcomed to participate in the event, which has now raised approximately $19,000 for Hospice since 2009.

KIA, Ford and GM Issue Technical Service Bulletins

KIA, Ford and GM Issue Technical Service Bulletins

By Tom Torbjornsen

Some major service bulletins have crossed my desk recently ...

KIA Technical Service Bulletin

The problem: The UVO telematics system in affected vehicles exhibit a condition where the incoming ring volume of incoming calls is too loud. Additionally, the Bluetooth connectivity and voice recognition is shaky.

Vehicles affected by this service campaign: