| 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
|
Falling in love triggers higher levels of nerve
growth factor molecules but they drop again in a year. That's based
on a study in - look at this word >>-
Psychoneuroendocrinology which is concerned with human behavior by
observing and studying glands and hormones and their interactions with
brain and body processes.
To crack down
on taxpayers who overestimate the value of donated cars - for which they
can take a deduction on their tax returns - the IRS says that anyone who
donated a vehicle after January 1, 2005, would need the charity to give a
written acknowledgement with the value attached.
The IRS mantra is:
"service plus enforcement equals compliance,"
says the Commissioner. "It's not service or enforcement.
It's service plus enforcement. You have to do
both." Are you getting much of a service?
The home-improvement
and remodeling boom, which had been spurred by low mortgage rates that
made home-equity loans cheap, appears to be cooling off, as rising
short-term rates and slowing house price appreciation temper spending on
improvements.
The IRS continues
to vigorously focus on and keep under audit "a wide cluster of
schemes involving funds used for charitable remainder trusts, employee
benefits, offsetting foreign-currency option contracts, debt straddles,
lease strips and certain abusive conservation easements."
U.S. accounting graduates
of 2003-2004:
| Degree |
Male |
Female |
| Bachelor's |
45% |
55% |
| Master's |
46 |
54 |
| Ph.D. |
61 |
39 |
However, only 19%
of partners of CPA firms are women.
Real-estate investors
are holding back, as inventories raise.
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.
The
dividend-tax cut did little to boost the stock market, concluded
a group of Federal Reserve Board economists. When President
Bush slashed the tax on dividends in 2003, supporters hailed the
move as a way to stimulate the economy and boost the stock
market. The tax cut slashed the dividend income-tax on stocks
to 15% from 30%-38%. But it did not improve the stock
market. Nor did the tax cut lead to a significant increase in
the amount of money companies have paid out to investors as a
proportion of their earnings.
Quiznos,
the fastest-growing sandwich chain, is up for sale. It could
go for more than $2 billion.
Taxpayers
have not yet collected $73 million in refunds on their 2004
returns, mostly because they moved and postal workers couldn't
deliver checks, says the IRS.
California's Bar exam
is believed to be notoriously difficult. It lasts three days,
as compared with two or 2 1/2-day exams in most states.
Critics say the test is capricious, unreliable and a poor measure of
future lawyering skills. Here's the percentage of candidates
who passed the exam in 2004:
| U.S. average |
64% |
| California |
44 |
| New York |
62 |
| Pennsylvania |
68 |
| Texas |
68 |
| Illinois |
76 |
I've always thought that the CPA exam was the most
difficult. But perhaps aspiring lawyers cry louder. Who
knows!
We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
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