| 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
|
Have an offshore-account?
As U.S. Treasury officials intensify
their multinational crackdown on
offshore bank accounts, many
wealthy Americans who use them
to illegally shield income are
facing a difficult decision: Whether
to turn themselves in, and if so,
how. They can confess and plead
for mercy. They can quietly file
amended returns, pay up, and
hope that prosecutors won't follow
up. Or they could choose to do
nothing and pray their names
won't turn up. Recently, major
cracks have emerged in what once
appeared to be an impenetrable
wall of secrecy surrounding bank
accounts in such well-known
havens as Switzerland and
Liechtenstein. "Nothing is secret
anymore and no individual should
take any comfort in relying on any
country's so-called bank secrecy
laws." Joining the U.S. in the
investigation are Australia,
Canada, France, Italy, New
Zealand, Sweden and the United
Kingdom, said the IRS. Offshore
tax evasion costs about $100
billion in lost U.S. taxes each year.
What matters in life is not
what happens to you but what you
remember and how you
remember it.
Birth-control pills can
protect
women against ovarian cancer for
30 years or longer after they stop
taking them.
New survey on tax cheating:
How much, if any, is an acceptable
amount to cheat on your income
taxes? Here's the survey results:
|
Year |
2006 |
2007 |
|
Not at all |
86% |
84% |
|
|
|
A little here
and there |
8% |
8% |
|
|
|
|
As much as possible |
4% |
5% |
For more of the Generalist,
please visit ARKCPACOM.
|
theGeneralist,
a one-page monthly
publication of the accounting firm of
A. R.
Kakhsaz Company, is in its 14th
year of providing information,
presented
fairly and accurately, from sources we
can depend upon and
trust.
How come "abbreviated" is such
a long word?
Percentage of American
voters who have concerns about
presidential candidates who are:
|
|
(1) |
(2) |
|
Mormon |
29% |
21% |
|
Evangelical |
25 |
20 |
|
Female |
15 |
7 |
|
African-American |
13 |
4 |
(1) Have some reservations.
(2) Are very uncomfortable.
Researchers traced a genetic
mutation that causes colon cancer
to a married couple who sailed to
the U.S. from England around
1630.
Excerpt from a court proceeding:
Q: This myasthenia gravis, does it
affect your memory at all?
A: Yes.
Q: And in what ways does it affect
your memory?
A: I forget.
Q: You forget? Can you give us an
example of something that you've
forgotten?
In the year ending February 2008,
executive compensation of U.S.
publicly traded companies
increased by 21%, while the
companies revenues increased
just 3%. But from 1997 to
February 2008, the increase in
overall compensation packages
was 25%, while revenues for the
11-year period increased by 93%.
Is it good if a vacuum really
sucks?
We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkcpa.com
|
