End of Unlimited Protection on Non-Interest Bearing Accounts Reduces Insurance on Bank Funds
Hanover, PA -- (SBWIRE) -- 01/18/2013 -- In response to the credit crisis of 2008, the Federal Deposit Insurance Corporation (FDIC) extended a program that was designed to extend and enhance insuring programs for deposits into financial institutions in the United States. The FDIC’s Transaction (TAG) Account Program carried a built-in expiration date, expiring on December 31, 2012. For businesses and non-profits, this means that every dollar over $250,000 held in a financial institution in a depository account is not insured and they are at greater risk of loss. If your finances could be affected by the expiration of the TAG program, it’s the right time to turn to Rager, Lehman & Houck for experienced financial planning services to ensure you are properly protected.
Without taking the proper precautions, your depository situations could be at risk in the event of bank failure. The Certified Public Accountants at Rager, Lehman & Houck, P.C has the experience and understanding of how finances work and can determine what steps you need to take in order to adapt to this change in the way financial institutions are required to protect your deposits. Beginning at the first of 2013, any money that you have deposited in a non-interest bearing account is no longer protected if a similar even like the 2008 credit crisis should happen again. The experts at Rager, Lehman & Houck, P.C are prepared to investigate your depository situations and determine what action you need to take in order to reduce or eliminate your financial risk.
Rager, Lehman & Houck, P.C offers a wide range of financial services including auditing services, tax preparation services, bookkeeping services and more. Their variety of services and expertise in many areas of financing makes them the first choice for handling your important financial matters. When laws and regulations change, you need the Certified Public Accountants on your side who keep up with the changes and have a history of success with their clients. The services offered by Rager, Lehman & Houck, P.C are the right choice for any business or non-profit that may be at risk due to the expiration of the TAG Program.
About Rager, Lehman & Houck, P.C,
At Rager, Lehman & Houck, P.C, we offer a wide variety of financial planning services for businesses and individual clients. In response to the expiration of the TAG Program, we can review your depository situations to ensure you are properly protected as you move forward into 2013. We have been in operation since 1943 and have an exemplary record of providing first quality financial services to our clients. Our Certified Accounting firm has offices in Hanover, Pennsylvania, Westminster, Maryland, and Frederick, Maryland for your convenience. For more detail please visit, http://www.rlhcpa.com.