| 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
|
• U.S.
Senators' profits from stock-market transactions
outperform that of the best of professionals and even insiders. They
seem to know exactly when to buy or sell their holdings. Senators,
generally, buy stocks just before the shares suddenly outperform the
market by more than 25%. They also sell those stocks that have been
beating the market by about 25% for the past year. How is
that? The researchers say senators' uncanny ability to know when to
buy or sell their shares seems to stem from having access to information
that other investors wouldn't have. They obtain such information
through activities of various Senate committees and all. Is that
illegal or unethical? Well, lets say that they're getting away with
it. • On Saturday Night
Live show: "Senator Kerry" tells
"President Bush" how it feels like to have lost the race for the
presidency: "I have to be honest, it was rough at first, but then my
accountant told me how much money I would save under your
administration. It was hard not to feel like a winner."
•A lion attacked a man
who jumped into the animal's enclosure and
shouted at the big cat "Jesus will save you" at the zoo in
Taipei, Taiwan.
• Sales-tax deduction?
Yes, effective for tax year 2004, you can deduct either
your state and local sales taxes or your state and local income taxes paid
during the year. Previously, sales taxes weren't deductible.
This change in federal income tax law will now save money for millions of
people in states with no income taxes - such as Nevada, Florida and
Texas. It also helps people who make unusually large purchases, or
both.
• The IRS is
investigating some 2000 charities and nonprofits to see if they are
overpaying their executives and directors.
• Economics
of the nations (Part 6)
Traditional
economics:
You have
two cows.
You sell
one and buy a bull.
Your herd
multiplies and the economy grows.
You
retire on the income.
British
economics:
You have
two cows.
They are
both mad cows.
•
For more of the Generalist, please visit our website
at ARKCPA.COM.
|
• theGeneralist, a one-page monthly
publication of the accounting firm of A. R. Kakhsaz Company,
is in its 11th year of providing information, presented fairly and
accurately, from sources we can depend upon and trust.
•
Another dumb bank-robber: He tried to rob
a bank that was still under construction in Kennesaw, Georgia.
• It
was a busy morning, around 8:30 a.m., when an elderly gentleman,
in his 80's, arrived to have stitches removed from his thumb.
He said he was in a hurry and that he had an appointment at 9:00
a.m. I took his vital signs and had him take a seat. I
evaluated his wound. It was well healed. As he kept
looking at his watch and while I was taking care of his wound, we
began talking. I asked him why he was in such a hurry.
The gentleman said he needed to go to the nursing home to have
breakfast with his wife. I then inquired as to her
health. He told me that she had been there for a while and
that she was a victim of Alzheimer Disease. As we talked, and
I finished dressing his wound, I asked if she would be worried if he
was a bit late. He replied that she had no longer knew who he
was, and that she had not recognized him in five years now. I
was surprised and asked him: "And you still go there every
morning, even though she doesn't know who you are?" He
smile and patted my hand and said: "She doesn't know me, but I
still know who she is . . ." I had to hold back the tears as he
left. I had Goosebumps on my arm. And thought,
"That is the kind of love I want in my life." True
love is neither physical, nor romantic. True love is an
acceptance of all that is, has been, will be, and will not be.
• A man stripped naked,
jumped over an airport fence at LAX, ran across the tarmac and
climbed into a plane's wheel well before firefighters talked him
out.
•
The number of accounting degrees awarded
in the U.S. in 2003 jumped 11% from the year before, to 50,000.
• Pay the least
amount of taxes: That's your right.
As it is your tax-accountant's job!
• We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
|
