Important Oct. 15 Tax Deadline Looms

Staten Island business bank offers a prompting about extensions for IRS filing


 

STATEN ISLAND, N.Y. -- Requests for tax-filing extensions are due to expire shortly, and in issuing a reminder, the IRS says more than 3 million taxpayers who asked for an extension haven't yet filed.

Victory State Bank, Staten Island's only community-based commercial bank, advises taxpayers who fall into this group to be mindful of the rapidly approaching date.


The Internal Revenue Service has just urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax benefits and then file their returns electronically using IRS electronic filing e-file or the Free File system.

More than a quarter of the nearly 13 million taxpayers who requested an automatic six-month extension this year have yet to file. Although Oct. 15 is the last day for most people, some still have more time, including members of the military and others serving in Afghanistan or other combat zones who typically have until at least 180 days after they leave the combat area to both file returns and pay any taxes due.

Before filing, the IRS encourages taxpayers to see if they qualify for these and other often-overlooked credits and deductions:

§  Benefits for low-and moderate-income workers and families, especially the Earned Income Tax Credit. The special EITC Assistant can help taxpayers see if they’re eligible.

§  Savers credit, claimed on Form 8880, for low-and moderate-income workers who contributed to a retirement plan, such as an IRA or 401(k).

§  American Opportunity Tax Credit, claimed on Form 8863, and other education tax benefits for parents and college students.

§  Same-sex couples, legally married in jurisdictions that recognize their marriages, are now treated as married, regardless of where they live. This means that they generally must file their returns using either the married filing jointly or married filing separately filing status. Further details are on IRS.gov.

Details on all filing and payment options are available online at IRS.gov.


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 atwww.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.

 

How to Get a Patent

 

Staten Island commercial bank says there's help for next smart idea

  

STATEN ISLAND, N.Y. -- Staten Island has had its share of inventors over the years, and it's reasonable to surmise that more fertile minds are at work locally on the next breakthroughs.

Victory State Bank, Staten Island's only community-based business bank, finds that the U.S. Patent and Trademark Office (USPTO) is a trove of helpful information.

The agency has guidelines on applying for a patent, for example, and the basics are as follows:

A U.S. patent for an invention is the grant of a property right to the inventor(s), issued by the U.S. Patent and Trademark Office. The right conferred by the patent grant is, in the language of the statute and of the grant itself, "the right to exclude others from making, using, offering for sale, or selling" the invention in the United States or "importing" the invention into the United States.

To get a U.S. patent, an application must be filed in the U.S. Patent and Trademark Office.

Utility patents may be granted to anyone who invents or discovers any new and useful process, machine, article of manufacture, or compositions of matters, or any new useful improvement thereof.

Design patents may be granted to anyone who invents a new, original, and ornamental design for an article of manufacture.

Plant patents may be granted to anyone who invents or discovers and asexually reproduces any distinct and new variety of plant.

EFS-Web  is the United States Patent and Trademark Office’s (USPTO’s) Web-based patent application and document-submission solution. The site may be visited at: http://www.uspto.gov/patents/process/file/efs/index.jsp

Much more information for inventors is available from the agency's website at www.uspto.gov.

 

 

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 atwww.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.

 

How To Protect Your Computer

Staten Island business bank cites growing number of hacking attempts

 

STATEN ISLAND, N.Y. -- Businesses of all sizes are being targeted by hackers, and when these attempts succeed, there are many kinds of problems. Often they are financial.

Victory State Bank, Staten Island's only community-based commercial bank, frequently is alerted to computer-borne efforts seeking to cause havoc with a firm's finances.

The FBI has what Victory considers a checklist of worthwhile basics for protecting computers from unwanted intrusion. Here are the key steps:

Keep your firewall turned on: A firewall helps protect your computer from hackers who might try to gain access to crash it, delete information, or even steal passwords or other sensitive information. Software firewalls are widely recommended for single computers.

The software is prepackaged on some operating systems or can be purchased for individual computers. For multiple networked computers, hardware routers typically provide firewall protection.

Install or update your antivirus software: Antivirus software is designed to prevent malicious software programs from embedding on your computer. If it detects malicious code, like a virus or a worm, it works to disarm or remove it. Viruses can infect computers without users' knowledge. Most types of antivirus software can be set up to update automatically.

Install or update your antispyware technology: Spyware is just what it sounds like — software that is surreptitiously installed on your computer to let others peer into your activities on the computer. Some spyware collects information about you without your consent or produces unwanted pop-up ads on your web browser.

Some operating systems offer free spyware protection, and inexpensive software is readily available for download on the Internet or at your local computer store. Be wary of ads on the Internet offering downloadable antispyware — in some cases these products may be fake and may actually contain spyware or other malicious code. It's like buying groceries— shop where you trust.

Keep your operating system up to date: Computer operating systems are periodically updated to stay in tune with technology requirements and to fix security holes. Be sure to install the updates to ensure your computer has the latest protection.

Be careful what you download: Carelessly downloading e-mail attachments can circumvent even the most vigilant anti-virus software. Never open an e-mail attachment from someone you don't know, and be wary of forwarded attachments from people you do know. They may have unwittingly advanced malicious code.

Turn off your computer: With the growth of high-speed Internet connections, many opt to leave their computers on and ready for action. The downside is that being "always on" renders computers more susceptible. Beyond firewall protection, which is designed to fend off unwanted attacks, turning the computer off effectively severs an attacker's connection — be it spyware or a botnet that employs your computer's resources to reach out to other unwitting users.

 

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 atwww.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.

 

  

8 Ways to Avoid Health Care/Health Insurance Fraud

Commercial bank on Staten Island shares advice for averting scams

 

STATEN ISLAND, N.Y. – Victory State Bank, Staten Island’s only community-based business bank, is reminding consumer that fraud comes in all shapes and sizes. One such form may approach in the guise of health insurance.

To protect yourself from becoming a victim of health care fraud or health insurance fraud, Victory State Bank suggests you follow these tips from the FBI:

 

  • Never sign blank insurance claim forms.
  • Never give blanket authorization to a medical provider to bill for services rendered.
  • Ask your medical providers what they will charge and what you will be expected to pay out-of-pocket.
  • Carefully review your insurer’s explanation of the benefits statement. Call your insurer and provider if you have questions.
  • Do not do business with door-to-door or telephone salespeople who tell you that services of medical equipment are free.
  • Give your insurance/Medicare identification only to those who have provided you with medical services.
  • Keep accurate records of all health care appointments.
  • Know if your physician ordered equipment for you.

 

 

 

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.

 

 

 
10 Ways To Grow Your Business

Staten Island commercial bank espouses ideas for an owner looking to expand

 

STATEN ISLAND, N.Y. – When a business is ready for new growth, it can look to a variety of methods for reaching that next level.

Victory State Bank, Staten Island's only community-based commercial bank, recommends to owners a review of steps outlined by BusinessUSA.

There are many ways to grow, 10 of which are outlined here. Which to choose for your business will depend on the type of business you own, your available resources, and how much money, time and resources you're willing to invest all over again.

If you're ready to grow, take a look at these tips:

Open another location. This is often the first way business owners approach growth. If you feel confident that your current business location is under control, consider expanding by opening a new location.

Offer your business as a franchise or business opportunity. Franchising your business will allow for growth without requiring you to manage the new location. This will help to maximize the time you spend improving your business in other ways, too.

License your product. This can be an effective, low-cost growth medium, particularly if you have a service product or branded product. Licensing also minimizes your risk and is low cost in comparison to the price of starting your own company to produce and sell your brand or product. To find a licensing partner, start by researching companies that provide products or services similar to yours.

Form an alliance. Aligning yourself with a similar type of business can be a powerful way to expand quickly.

Diversify. Diversifying is an excellent strategy for growth, because it allows you to have multiple streams of income that can often fill seasonal voids and, of course, increase sales and profit margins. Here are a few of the most common ways to diversify:

§  Sell complementary products or services

§  Teach adult education or other types of classes

§  Import or export yours or others' products

§  Become a paid speaker or columnist

Target other markets. Your current market is serving you well. Are there others? Probably. Use your imagination to determine what other markets could use your product.

Win a government contract. One of the best ways to grow your business is to win business from the government. Work with your local SBA and Small Business Development Center to help you determine the types of contracts available to you.

Merge with or acquire another business. Two is always bigger than one. Investigate companies that are similar to yours, or that have offerings that are complementary to yours, and consider the benefits of combining forces or acquiring the company.

Expand globally. To do this, you'll need a foreign distributor who can carry your product and resell it in their domestic markets. You can locate foreign distributors by scouring city or state resources for a foreign company with a U.S. representative.

Expand to the Internet. Very often, customers discover a business through an online search engine. Be sure that your business has an online presence in order to maximize your exposure.

 

 

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.