Victory State Bank Points to Tips for Buying a New Car

 

STATEN ISLAND, N.Y. – Buying or leasing a car can be an overwhelming process for first time or inexperienced shoppers. To help you make your purchase as efficient as possible, Victory State Bank recommends the following tips provided by the Federal Trade Commission:

  • Check out different vehicles. Do your research first and compare vehicles. You can go to the website of every car manufacturer and review every model of car available. In fact, most manufacturer sites will even let you use drop down menus to “build” an electronic version of your dream car. Then, when you decide which model, colors, and accessories you want, you can hit the locate dealer button and find the closest showroom that has your car.
  • Research the dealer’s price for the car and options. It’s easier to get the best price when you know what the dealer paid for a vehicle. The dealer invoice price is available at a number of websites and in printed pricing guides. Consumer Reportsprovides the wholesale price; this figure factors in dealer incentives from a manufacturer and is a more accurate estimate of what a dealer is paying for a vehicle.
  • Special Discounts. Determine if you qualify for special discounts or rebates for military personnel, students or other qualifying groups.
  • Negotiate. Negotiate up from the invoice price instead of down from the inflated price to get a good deal.
  • Find out if the manufacturer is offering rebates that will lower the cost. Two websites that offer this information are Carsdirect.comAutopedia.com.
  • Get price quotes from several dealers. Find out if the amounts quoted are the prices before or after rebates are deducted.
  • Avoid low-value extrasextended warranties, rust proofing and upholstery finishes. You do not have to purchase credit insurance in order to get a loan.
  • Hybrid-electric carsfuel economy, increased power, or additional auxiliary power.

 

About Victory State Bank: 

VSB Bancorp, Inc. (NASDAQ: 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 Inquiries: 

Relevant Public Relations, LLC

Headquarters: 718 682 1509

www.RelevantPR.com

Mobile: 917 715 8761

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

 


How is a Corporation Taxed in New York State?


STATEN ISLAND. N.Y. -- Victory State Bank serves various types and sizes of corporations. Despite their differences, all the corporations have one thing in common: They pay taxes.

The New York State Tax Law requires a corporation to file franchise tax reports and pay franchise taxes annually even if the corporation does not conduct business or loses money.

Franchise tax requirements begin the date the corporate existence begins. Tax responsibilities continue until the corporation is legally dissolved by the Secretary of State.

The corporation will need a taxpayer identification number, obtainable from the federal Internal Revenue Service.

The IRS can answer questions about paying or withholding federal income tax, social security taxes and other federal taxes.

Questions concerning New York State taxes should be directed to the New York State Department of Taxation and Finance, Taxpayer Assistance Bureau, W.A. Harriman Campus, Albany, NY 12227.

You may contact the Business Tax Information Center at 518-457-5342 begin_of_the_skype_highlighting .


About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: 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 Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

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



Victory State Bank: With Proper Strategy,

Debt Can Be Overcome

 

STATEN ISLAND, N.Y. --While coping with debt can often leave you feeling hopeless, Victory State Bank ensures that you are not alone.

Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. Your financial situation doesn’t have to go from bad to worse.

Victory State Bank points to the Federal Trade Commission, which invites you to consider these options: 

  • Self-help using realistic budgeting and other techniques
  • Debt relief services, like credit counseling or debt settlement from a reputable organization
  • Debt consolidation
  • Bankruptcy

 

Your course of action will depend upon your level of debt, your level of discipline, and your prospects for the future.

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: 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 Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

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


VVictory State Bank Points to Resources from Department of Veterans Affairs

 

STATEN ISLAND, N.Y. – Victory State Bank wishes to help all of our patrons gain access to the resources they deserve. If you or a family member have served or are actively serving our country, the following information from The Department of Veterans Affairs (VA) may be of interest.

 

The VA offers a variety of home loan programs for active duty servicemembers, veterans, and National Guard and Reserve members: 

  • Purchase Loans help purchase a home at a competitive interest rate often without requiring a downpayment or private mortgage insurance.
  • Cash Out Refinance Loans take cash out of your home equity to pay off debt, fund school, or make home improvements.
  • Interest Rate Reduction Refinance Loan can help you obtain a lower interest rate by refinancing an existing VA loan.
  • Native American Direct Loans help eligible Native American veterans finance the purchase, construction, or improvement of homes on Federal Trust Land, or reduce the interest rate on a VA loan.
  • Adapted Housing Grants help veterans with a permanent and total service-connected disability purchase or build an adapted home or to modify an existing home to account for their disability.


About Victory State Bank: 

VSB Bancorp, Inc. (NASDAQ: 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 Inquiries: 

Relevant Public Relations, LLC

Headquarters: 718 682 1509

www.RelevantPR.com

Mobile: 917 715 8761

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

 


Victory State Bank Shares Information on Declaring Bankruptcy


STATEN ISLAND, N.Y. – Occasionally, some people will fall behind on bills due to unforeseeable circumstances. In extreme cases, bankruptcy may be a viable option. Victory State Bank would like to provide you with information from the United States Government on how the process works.

 U.S. federal courts have exclusive jurisdiction over bankruptcy cases. This means that you cannot file a bankruptcy case in a state court. More on bankruptcy cases.

Bankruptcy laws help you get a fresh start when you can no longer pay your creditors. The laws allow you to liquidate your assets to pay your debts or create a payment plan.

Most cases are filed under the three main chapters of the Bankruptcy Code:

  1. Chapter 7: Liquidation under the Bankruptcy Code - Providing for "liquidation," ( i.e., the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors).
  2. Chapter 11: Reorganization of Business - Providing (generally) for reorganization, usually involving a corporation or partnership. A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in Chapter 11.
  3. Chapter 13: Individual Debt Adjustments - Adjustment of debts of an individual with regular income. Chapter 13 allows you to keep property and pay debts over time, usually three to five years.

The fees for filing bankruptcy depend on the chapter of the bankruptcy code under which you file.

Although not required, a licensed attorney may be able to answer your questions and help you file the necessary bankruptcy forms.

You can obtain the required bankruptcy forms online if you choose to file a bankruptcy petition without the assistance of an attorney.


About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: 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 Inquiries: 

Relevant Public Relations, LLC

Headquarters: 718 682 1509

www.RelevantPR.com

Mobile: 917 715 8761

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