an accountancy corporation

                                   

Member
American Institute of
Certified Public Accountants

• The secret of success: Sir, what's the secret of your success"

"Two words."

And sir, what are they?

"Right decisions."

And how do you make right decisions?

"One word."

And, what's that?

"Experience."

And how do you get experience?

"Two words."

And, Sir, what are they?

"Wrong decisions."

• Eye surgeons, over a decade ago, received regulatory approval to use lasers to reshape the cornea so that patients would no longer need their glasses.  Since then laser-assisted in situ keratomileusis (Lasik), has become the most popular form of vision correction, or reflective, surgery.  Although insurance almost never pays for it, more lasik surgeries are performed every year than nose job, face lifts or tummy tucks.  Some nine million laser eye procedures have been performed in the U.S. since 1995.  As a result, the median compensation for ophthalmologists jumped, for instance, in 2003 by some 18% to $300,000, the largest year-over-year increase for any medical specialty.  About 4,000 eye doctors, that's about 25% of all ophthalmologists, specialize in Lasik surgery.  But I can not dare to have mine done just yet.

• Former Yugoslav leader, Slobodan Milosevic, the so called "butcher of the Balkans," who was being tried for war crimes after orchestrating a decade of bloodshed that killed 250,000 people and broke up Yugoslavia, was found dead on March 11, 2006 in his prison cell in the Hague.  He was 64.  Milosevic had been on trial since February 2002, defending himself against 66 counts of crimes, including genocide in Croatia, Bosnia and Kosovo.  He was the first sitting head of state ever to be indicted for such crimes.  He was accused of committing a brutal campaign of ethnic cleansing against non-Serbs during the collapse of the Yugoslav federation.  He attempted to link Serbia with Serb-dominated areas of Croatia and Bosnia to create a new Greater Serbia!

• theGeneralist, a one-page monthly publication of the accounting firm of A. R. Kakhsaz Company, is in its 12th year of providing information, presented fairly and accurately, from sources we can depend upon and trust.

• Worried about your kid's driving? A new class of devices is hitting the market that lets parents keep a close eye on how their children are driving.  Are they driving recklessly?  Are they wearing seatbelts?  Are they really just going to the library like they promised?  These products have been developed based on technology long used by trucking companies to track driver behavior.  These gadgets which are typically installed under the dashboard, can track the vehicles acceleration, braking and distance traveled.  They are interactive, capable of notifying parents if their child speeds or drives beyond a boundary - like to a boyfriend's house, or Tijuana.  The alerts come via phone or e-mail.  Incidentally, isn't that all considered a massive invasion of privacy?

• Committee: A body that keeps minutes and wastes hours.

• Cholesterol has fallen because of statins.  And heart attack admissions are also down in the U.S. than a decade ago.  But obesity is up.

• The IRS has made it easier to request for extension of time to file income-tax returns.  It no longer requires filing the second request for extension and has changed the initial automatic extension period from four months to six. 

• Greenland's southern glaciers are dumping twice as much ice into the Atlantic ocean as in 1996 due to warming temperatures. 

• For more of the Generalist, please visit our website at ARKCPA•COM.

• We see more in numbers 

than just numbers...

Ali R. Kakhsaz, CPA, MAcc

www.arkpca.com