Keep Important Records Safe

Staten Island business bank echoes IRS suggestions

 

Because fires and other catastrophes can strike any time, it’s a good idea to plan what to do in case of a disaster.

Victory State Bank, Staten Island's only community-based commercial bank, says IRS tips contain some useful guidance.

A recovery becomes easier when tax and financial records are safe.

Here are some basic steps from the IRS to prepare:

  

 

  1. Backup Records Electronically.  Many people receive bank statements by email. This is a good way to secure your records. You can also scan tax records and insurance policies onto an electronic format. You can use an external hard drive, CD or DVD to store important records. Be sure you back up your files and keep them in a safe place. If a disaster strikes your home, it may also affect a wide area. If that happens you may not be able to retrieve your records.
  2. Document Valuables.  Take photos or videos of the contents of your home or business. These visual records can help you prove the value of your lost items. They may help with insurance claims or casualty loss deductions on your tax return. You should store them with a friend or relative who lives out of the area.
  3. Update Emergency Plans.  Review your emergency plans every year. Update them when your situation changes. Make sure you have a way to get severe weather information. Have a plan for what to do if threatening weather approaches.
  4. Get Copies of Tax Returns or Transcripts.  Visit IRS.gov to get Form 4506 (Request for Copy of Tax Return) to replace lost or destroyed tax returns. If you just need information from your return, you can order a free transcript online or by calling 800-908-9946. You can also file Form 4506T-EZ (Short Form Request for Individual Tax Return Transcript) or Form 4506-T (Request for Transcript of Tax Return).
  5. IRS Hotline.  If you fall victim to a disaster, you can call the IRS disaster hotline at 866-562-5227 for special help with disaster-related tax issues.

 

 

About Victory State Bank

VSB Bancorp, Inc. (OTCQB: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank.  For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Contact: 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

Staten Island Business Bank Points To FBI Tips

 For Thwarting Terrorist Acts

 

STATEN ISLAND, N.Y.  – Victory State Bank, Staten Island’s only community-based commercial bank, encourages everyone to take part in the stand against terrorism.

With this in mind, the bank is sharing the following message from the FBI, a message that bears repeating, no matter where you live in the world: Your assistance is needed in preventing terrorist acts.

The FBI instructs us of the fact that certain kinds of activities can indicate terrorist plans that are in the works, especially when they occur at or near high profile sites or places where large numbers of people gather – like government buildings, military facilities, utilities, bus or train stations, major public events.

If you see or know about suspicious activities, like the ones listed below, please report them immediately to the proper authorities.

 In the United States, that means your closest Joint Terrorist Task Force, located in an FBI Field Office. In other countries, that means your closest law enforcement/counterterrorism agency.

Surveillance: Are you aware of anyone video recording or monitoring activities, taking notes, using cameras, maps, binoculars, etc., near key facilities/events?

Suspicious Questioning: Are you aware of anyone attempting to gain information in person, by phone, mail, email, etc., regarding a key facility or people who work there?

Tests of Security: Are you aware of any attempts to penetrate or test physical security or procedures at a key facility/event?

Acquiring Supplies: Are you aware of anyone attempting to improperly acquire explosives, weapons, ammunition, dangerous chemicals, uniforms, badges, flight manuals, access cards or identification for a key facility/event or to legally obtain items under suspicious circumstances that could be used in a terrorist attack?

Suspicious Persons: Are you aware of anyone who does not appear to belong in the workplace, neighborhood, business establishment or near a key facility/event?

“Dry Runs”: Have you observed any behavior that appears to be preparation for a terrorist act, such as mapping out routes, playing out scenarios with other people, monitoring key facilities/events, timing traffic lights or traffic flow, or other suspicious activities?

Deploying Assets: Have you observed abandoned vehicles, stockpiling of suspicious materials, or persons being deployed near a key facility/event?

If you answered yes to any of the above...if you have observed any suspicious activity that may relate to terrorism...again, please contact the Joint Terrorist Task Force or law enforcement/counterterrorism agency closest to you immediately. 

Your tip could save the lives of innocent people, just like you and yours.

The FBI’s New York City Field Office is located at  26 Federal Plaza, 23rd Floor, New York, NY 10278-0004. The office may be reached at 212-384-1000.

 

 

About Victory State Bank

VSB Bancorp, Inc. (OTCQB: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank.  For additional information, Victory State Bank may be reached at 718-979-1100 or visited online at www.victorystatebank.com.

Media Contact:  

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Fake ID A Really Bad Idea

Staten Island business bank warns that trouble readily may follow

 

STATEN ISLAND, N.Y. -- Buying a phony ID online may be one of the worst mistakes a young adult can make.

Victory State Bank, Staten Island's only community-based commercial bank, advises that a tempting offer to obtain a driver's license with a falsified age can open the door to a host of problems for the purchaser.

A description of the process and its woeful consequences at credit.com clearly should be an eye-opener for young adults who are not yet old enough to drink.

The fake ID has been a popular purchase for decades among Americans younger than the drinking age, credit.com says.

Many entrepreneurs have stories of creating a fake-ID business on college campuses (it’s illegal, but it’s lucrative), because as long as there have been rules, there have been people looking to break them, the Website explains.

To no one’s surprise, the industry has moved online, with young Americans ordering fake IDs much the same way they would buy, say, red plastic cups in bulk: fill out a form and click to buy — done.

Read more …

 

About Victory State Bank

VSB Bancorp, Inc. (OTCQB: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank.  For additional information, Victory State Bank may be reached at 718-979-1100 or visited online at www.Victory StateBank.com.

Media Contact:

Relevant Public Relations, LLC

Headquarters: 7186821509

Mobile: 9177158761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Staying Alert to Wire-Transfer Scams

Staten Island business bank extols virtues of vigilance

STATEN ISLAND, N.Y. – Whereas scammers have been keeping federal watchdogs busy, Victory State Bank, Staten Island's only community-based commercial bank, advises that Islanders be no less vigilant.

Everyone wants to please the boss, and this became the basis for a scam that was expensive for its victims.

In one of its frequently posted scam alerts, the Federal Trade Commission (FTC) tells of a wire-transfer request to a new vendor, as seemingly sought by a workplace boss.

It's bogus, however, because a hacker posed as the senior executive in a scheme called masquerading.

Such schemes often go undetected, the FTC says, until a company's fraud department questions it or executives talk about it. 

In some instances, a deliberate typo slightly changes a real email address to a fake one, or hackers invade the email system and post requests from genuine accounts.

Ways to prevent being victimized include a multi-person approval process, purchase orders needing a manager's approval, and confirmation that a request is from an authorized source.

Also, suspicion about the need for urgency or secrecy should be red flags, the FTC warns.

 

About Victory State Bank

VSB Bancorp, Inc. (OTCQB: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank.  For additional information, Victory State Bank may be reached at 718-979-1100 or visited online at www.VictoryStateBank.com.

Media Contact: 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.



 

Beware Internet Business Pipe Dream

Staten Island business bank cites cautions against 'sure thing'



STATEN ISLAND, N.Y. -- While many serendipitous attributes might be extolled in promoting an Internet business opportunity, the Federal Trade Commission (FTC) advises that it pays to be wary.

Victory State Bank, Staten Island's only community-based commercial bank, sides with business owners needing to begin a new enterprise smartly.

Starting an Internet business can sound like a dream: Work from home, set your own hours, be your own boss. But the FTC points out that most Internet startups require significant investments of time and money, and many of them fail.

       

If you’re considering buying an Internet business opportunity, the FTC reminds that the promise of big earnings and ideal work conditions is a pipe dream for most. Regardless of the handful of stories you’ve read about college-age entrepreneurs turning into Internet gazillionaires, the FTC stresses that there’s no such thing as a sure thing.

                    
As a cautionary note, the FTC says many solicitations are scams that promise more than they can possibly deliver: Often, bogus Internet opportunity sales pitches are short on details and long on high-pressure tactics to persuade you to buy before you’ve investigated the offer.

An Internet business is just like any business. It requires a solid business plan. Anyone who sells legitimate business opportunities should provide detailed information.

In releasing an advisory, the FTC says to be skeptical of a seller who offers vague descriptions of what the business is and how it will work. Sit down and ask yourself some critical questions, like:

More about protecting yourself from Internet business opportunities scams may be found on the FTC’s Website at http://www.consumer.ftc.gov/articles/0140-starting-internet-business.

If you suspect a business opportunity promotion is fraudulent, report it to the state attorney general's office and in the state where the business opportunity promoter is based. You would also report it to the FTC. Call toll free 1-877-FTC-HELP (1-877-382-4357).

 

 

About Victory State Bank

VSB Bancorp, Inc. (OTCQB: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank.  For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Contact: 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.