You can change the time to your individual time zone by going to your user cp>> edit options>> scroll down to the date and time box and there is a drop down for setting time zones. As to the time being off here is a quote from Batleth..
Quote:
Ever since the US gov decided to change when day light savings time was in the US, the forum software has been slowly going off more and more from the actual time. Even if we reset it, it just continues to get off from the real time. This is yet another reason why we're looking to upgrade to the newest version of vB so that the time will finally stay where it should be.
Nick is looking into alternative ways to keep resetting the server's time to keep it accurrate.
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Hope that helps..