an accountancy corporation

                                   

Member
American Institute of
Certified Public Accountants

• The U.S. Senate approved a bill that calls for creating a blue-ribbon commission on comprehensive tax reform. 

• Liposuction provides no benefits in reducing obesity-related risks for heart disease and diabetics. 

You worship them. 

• Antibiotics use in children fell significantly in recent years, possibly in response to fear of developing resistant germs.

• the Federal Reserve began the long climb back from a histric period of cheap money by raising its target for short-term interest rates to 1.25 % from 1% on June 30th.  The central bank also suggested that it will continue to raise rates a quarter-point at a time, but warned that it could move to half-point increases if inflation accelerates.  The increase has affected credit-card rates, adjustable mortgages, CD rates and money-market yields.  How about the stock market?  After six of the last 10 rate jumps, stocks posted double-digit gains in the following 12 months.

• theGeneralist, a one-page monthly publication of the accounting firm of A. R. Kakhsaz Company, is in its ninth year of providing information, presented fairly and accurately, from sources we can depend upon and trust.

• Ebay is buying India's online-auction site Baazee.com for $50 million, betting on a potentially large Indian Internet market. 

• The IRS says it plans to look aggressively at salaries paid to executives of charities.  Such salaries sometimes exceed $1 million.  

• One of every 75 American men lives in jail.  The U.S. prison population is 2.1 million inmates.  That's 2.9% higher than the last year's. 

• 82 million Americans went without health coverage sometime in the past two years, most for over nine months.

• Maybe when the door of happiness closes, another opens, but often times we look so long at the closed door that we don't see the one that's been opened for us.

• One in seven American families has problems paying medical bills, forcing trade-offs between medical, food and housing expenses.

• One in 10 U.S. children encounters sexual misdeeds by school employees ranging from remarks to actual abuse.

• Movie-theatre employees are being offered $500 rewards to catch patrons who use camcorders at the movies.  That's been a way to make bootleg copies to sell. 

• This -from a column by humorist Dave Barry: "According to his official biography, IRS Commissioner Mark W. Everson used to be a vice president at a major company in the field of airline catering.  That's exciting news for taxpayers, because when it comes to customer service and satisfaction, the term 'airline food' is virtually synonymous with the term 'Thanks, but I'll just chew on my seat cushion.'"

• We see more in numbers than just numbers… 

Ali R. Kakhsaz, CPA, MAcc

www.arkpca.com