|
A. R. Kakhsaz Company
an accountancy corporation
Member
American Institute of
Certified Public Accountants
International associates:
Tavana
& Co.
Chartered Accountants
Toronto, Canada
Tel.416-229-2221
|
SCRAP HTTP, WWW, DOT-COM, DOT-GOV,
dot-edu: As the number of registered dot-com addresses has reached an astonishing 4.5
million. As businesses routinely pay thousands and some tens of thousands of dollars to secure
prime dot-com names. And while dot-com has become the Internet's indispensable suffix - a
readily recognizable signal of existence on the World Wide Web. It's time to do away with all
those common fixations in Internet addresses. Here's what I mean: Our address, for instance, is
http://www.arkcpa.com, with the only unique part being "arkcpa." All the rest are common and
repeating in all other addresses. So, why use or even see them? Why not fix and hide them
somehow? Perhaps with the ISPs. A company that claims "dot-com is dumb," is about to issue
its IPO, for they want to overhaul the way people get around on the Web without a need to see
such common fixations!
THE TOP 5% OF ALL INDIVIDUAL U.S. taxpayers, based on income, paid about 52% of
total federal individual income taxes in 1997. Up from 43% a decade ago.
ELIMINATING ESTATE AND GIFT TAXES would have "a negative impact on the overall
progressivity of the tax system" and result in a "significant loss" of revenue to the U.S. Treasury,
says a treasury official.
IRS STANDARD MILEAGE-RATE FOR THE YEAR 2000 rose to 32.5 cents from 31 cents since April
1999. The rate is used to calculate tax deduction for business use of an automobile.
MEDICAL MISTAKES KILL 44,000 TO 98,000 people a year in U.S. hospitals. That's more than
car accidents, breast cancer or AIDS. The reasons are said to range from the fast pace of
change in medicine to confusingly similar drug
names.
IN A REMARKABLE DEVELOPMENT, JAPAN'S financial market was finally deregulated on
October 1, 1999, following removal of restrictions on overseas capital flows and granting
independence to its central bank, the Bank of Japan. These changes are aimed at making
Japanese markets independently competitive in international arena.
IN 1998, 44.3 MILLION AMERICANS DID NOT have health-insurance coverage, shows a U.S.
census report. That's one million more than 1997.
|
- WONDERING WHY? Every person and business of financial responsibility and accountability to
others, prepares and publishes at least a balance sheet and an income statement once-a-year.
Why shouldn't the national, state and local governments?
THE FEDERAL RESERVE BOARD VOTED unanimously in favor of a plan to allow banks to
send customers their bank statements electronically via the Internet.
U.S. FOOD AND DRUG ADMINISTRATION approved a urine test for pneumonia for a
diagnosis in 15 minutes as compared with two days for the quickest current test. The new
test has proved to be 93% accurate, says the FDA.
SOME 100,000 U.S. MEDICAL INTERNS, residents and fellows at private hospitals can
now unionize and negotiate wages and hours, according to a new ruling by the National Labor
Relations Board which overturns a 1976 precedent.
UNIVERSAL HEALTH COVERAGE IS "AN American birthright," declares former U.S. Senator
Bill Bradley who's running for President.
4.9 MILLION INDIVIDUAL TAXPAYERS reported tax-exempt interest income on their
1997 returns.
EMPLOYEE ABSENTEEISM DROPPED IN 1999 by 7% from 1998's all time high. But stress
as a cause has tripled since 1995.
LABOR PRODUCTIVITY IN U.S. manufacturing rose 4.1% in 1998, the same as in 1997 - second
only to Germany's.
WARREN BUFFETT AUCTIONED HIS 20-YEAR- old, battered, black, hip-pocket wallet to raise
funds for a charity. Bidding started at $5,000. I have left "the name of a stock in it for
whoever buys it," said Mr. Buffett. Let's see: Berkshire Hathaway's hasn't done that well lately!
Anyway, the wallet was bought by John Morgan of Minnesota for $210,000 who says he will share
the stock's name with individuals who give at least $1,000 to the same charity.
-
WE SEE
MORE IN NUMBERS than just numbers… We see opportunities for you.
WE SEE
MORE IN NUMBERS than just numbers… We see opportunities for you.
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
|
