Voluntary Income Tax Assistance (VITA) Program
Through its Accounting Program. The School of Business has been participating in the Volunteer Income Tax Assistance (VITA) program of Internal Revenue Service for several years. The VITA program offers free tax help to people who generally make $53,000 or less, persons with disabilities, the elderly and limited English speaking taxpayers who need assistance in preparing their own tax returns. School of Business Accounting student volunteers provide free basic income tax return preparation with electronic filing to qualified individuals. Before participating in the VITA Program, Accounting students have to receive IRS-certification. The VITA services are currently offered with coordination with the City of Miami Gardens/Betty T. Ferguson Recreational Complex. Nine students are currently in training and the FMU/VITA kick-off starts January 13, 2015.
UNCF – BLOOMBERG TERMINALS
As part of UNCF-Bloomberg initiative, the School of Business received an eight thousand ($8,000) dollars grant from Bloomberg Financial Services in spring 2013. The University has received two (2) additional Bloomberg terminals (we had two from the past). Two of the terminals are located in the Library for general student use, and two are in the School of Business for Business students (MBA Room). The grant has provided training for one of the faculty who has trained other faculty. The faculty has also trained eight (8) students to tutor other students in the usage and application of the software. The software available on the Bloomberg terminal provide a comprehensive financial information for major financial companies and licensing of each terminal costs twenty thousand ($20,000) dollars. A Bloomberg virtual university is provided by the software. Students can go to the virtual university and after proper education and training, receive a Certificate from Bloomberg Financial Services. The Certificate could provide great opportunity for students to secure high paying employment with financial companies. The grant requires that the School provide monthly tracking of the Bloomberg usage. To date more than forty eight (48) students have received the Bloomberg Certificate (nine (9) MBA students and thirty nine (39) undergraduate students). More than one thousand (1000) students have been trained for the content and the application of the software.