| 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
|
CHEVY INSPIRED SONGS:
More than 200 have been identified. The 91-year old Chevrolet
brand has been cited by such rock icons as the Beach Boys in 409, Don
McLean in American Pie, Elton John in Crocodile Rock, the Ramones in Go
Lil' Camero Go, and Prince in Little Red Corvette. No other
automobile brand has inspired pop culture like Chevy has. A few
years ago, a billboard created for a classic car event was equipped with
loudspeakers that played those songs while showing a Corvette and
proclaiming: "They don't write songs about Volvos."
Now, General Motors, the largest advertiser in the U.S., is using songs in
many of its advertisements culminating the introduction of its new Chevy
SSR, a roadster/pickup. Proclamation: No new car is as sexy
and photogenic as the '57 Chevy.
PRESIDENT BUSH's ECONOMIC ADVISER, Larry Lindsay, says spending
$100 billion to $200 billion to remove a "huge drag on global
economic growth" - Saddam Hussein - is a bargain!? Well, the
tremendous growth during the 1990s came while Saddam Hussein was in
power. And the current economic recovery is so fragile that the war
will throw the U.S. into a serious recession, some economists believe.
FREE ONLINE TAX-RETURN PREPARATION AND e-filing service to be
used by some 80 million taxpayers during the upcoming tax-filing
season. That's according to an agreement signed by the IRS and a
number of income-tax preparation software companies. Details will
soon be published by the IRS. Visit IRS's website at www.irs.gov
for additional information.
HIGHEST EVER BANKRUPTCY FILINGS IN THE U.S.
The filing
soared to 401,000 by mid 2002. But in contrast, the bankruptcy
filings in Los Angeles County were down by more than 3,000 from 46,500 in
the previous half-year, i.e. second half of 2001.
WANT TO HAVE BACK ISSUES OF the
Generalist?
Go to our Website: ARKCPA.COM
WHILE IN EUROPE AND OTHER INDUSTRIAL parts of the world,
electronic payment mechanisms have largely replaced checks, in the U.S.,
paper checks are still very common, accounting for more than 60% of retail
payments! Why do American still write checks? It's due to the
chicken-and-egg problem. That is, consumers would find it preferable
to use electronic payments if many other consumers do, but since a
critical mass has not yet adopted the technology, consumers largely do not
use it. |
WISHING YOU THE SEASON'S PEACE,
joy and blessings. Happy 2003 and THANK YOU for being the greatest
clients and friends.
BANK ROBBERY IN IRAN: A man casually walked into a bank
and started taking money out of the hands of the customers who in turn
overpowered him and called the police. He told the police that,
before entering the bank, he had said a spell that was to make him
disappear. But the magic words had apparently failed to work!
U.S. OFFICE-VACANCY RATE IS UP. NOW at 17%.
The
all-time-high office-vacancy rate is 19%, reached during the recession in
1991. Outlook for office markets appears gloomy through 2007.
The speed and depth of the current office-market decline has caught many
by surprise!
the Generalist,
a
one-page monthly publication of the accounting firm of A. R. Kakhsaz
Company, is in its eighth year of providing information, presented fairly
and accurately, from sources we can depend upon and trust.
THE IRS PAID $3.3 MILLION IN REWARDS FOR information leading to
collection of additional taxes in 2001. That's down from a record
$10.8 million paid in previous year. Only 8% of all reward claims
have led to reward-payments since the 1960s. Many of such claims
relate to phony tips from vengeful ex-spouses or business partners as well
as disgruntled employees. The $3.3 million payment in 2001, helped
the IRS collect an additional $44 million.
HE SWAM THE ENTIRE $2,360-MILES LENGTH OF
the Mississippi
River. Martin Strel, a Slovenian, started on July 4, 2002 and swam
12 hours a day. He lost nearly 40 pounds during his journey.
TAKE ADVANTAGE OF EVERY OPPORTUNITY to make the world a better
place!
Abigail Van Buren (Dear Abby) said she was at a
total loss to reply to the following actual letter:
Dear Abby:
You told some women whose husband had lost all interest
in sex to send him to a doctor. Well, my husband lost all interest
in sex years ago and is a doctor. What now?
WE SEE MORE IN NUMBERS than just numbers. . .
|
