| 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
|
Potatoe? Years ago, I received a
golf hat from Michael Kennedy, an old-time friend of mine. It's a
sharp looking hat that I've kept in my office throughout the years. It
bears as an emblem, the seal of the Vice President of the United States and
the signature of Vice President Dan Quayle. Michael, back then, was
the owner and president of Cali-Fame of Los Angeles, Inc., a world-renowned
manufacturer of golf hats and sports-wear. The company is now run by
his two sons, Brian and Tim. Obviously, over the years, the hat has
often sparked conversations on politics and what not, but particularly on
the misspelling of the word potato. While running for office,
Dan Quayle was notoriously associated with such misspelling in a 1992
incident that became national news as well as a source of entertainment in
the U.S. Potatoe is a misspelling of the word potato.
Although the English plural, potatoes, is spelled with an "e", the
singular is not. No dictionary considers potatoe to be an
acceptable spelling.
IRS employees?
Oh....no ! Investigators found "inappropriate" email messages in
74% of the IRS employee mailboxes. Messages included "chain
letters, jokes, offensive content and sexually explicit content."
Moreover, the IRS has "unsecured and unauthorized email servers on its
computer network, as a result, the IRS's internal network, its computers
and the data on the network could be at risk of being compromised,
destroyed" or shut down. The IRS agrees with all of that and knows
that corrective action is required, said a senior official.
The
pursuit of perfection often
impedes imporvement.
Something lost in translation: A sign in Germany's black forest reads:
"It is strictly forbidden on our black forest camping site that people of
different sex, for instance, men and women, live together in one tent unless
they are married with each other for that purpose."
For more of the Generalist, please visit our website
at ARKCPACOM.
|
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.
Social Security (Part 3 of 4): Unfair as
it seems, even Social Security benefits may be subject to income
taxes! First, you should add up these three amounts: (1) your
adjusted gross income and (2) your nontaxable interest income, for
example, from municipal bonds, and (3) your "countable" Social
Security, which is 50% of your annual Social Security benefits you
received during 2006. If the total of the three amounts
exceeds the IRS base amount, which is $32,000 for a married couple
and $25,000 for an individual for the the year 2006, then up to 85%
of the Social Security benefits received could be taxable.
Remember, tax laws are complex and you should always consult and
rely on your tax accountant's advice. This discussion will
continue in the next issue of theGeneralist.
Italian women
keep some of the cleanest homes around. They spend, on
average, 21 hours a week on household chores other than cooking, as
compared with just four hours for Americans. They wash kitchen
and bathroom floors at least four times a week. Americans do
it just once. Italian women typically iron nearly all their
wash, even socks and sheets. Percentage of Italian women who:
| Iron all their laundry |
80 % |
| Have diswashers |
31 |
| Use cleaning wipes |
2 |
| Have dryers |
1 |
| Hours per week spent on: |
|
| Household tasks, |
|
| excluding cooking |
21 |
| Ironing |
5 |
Wishing you the season's peace, joy and
blessings. Happy 2007 and thank you for being a client and
friend.
We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
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