| 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
|
In tough times
households lay
off nannies first: Since 1990s,
household help has become
accessible for many middle-class
families. The number of domestic
placement agencies jumped to
500 today from 30 in 1993. Some
10 to 30 percent of nannies have
been laid off within the past four
months. Mrs. Sirof, a stay-at-home
mother whose husband is a
litigation attorney, says that their
nanny, Ms. Monterrosa, was a
"second mom to my kids." Plus,
the nanny was there when Mrs.
Sirof suffered a bout of depression
and when she went on spa trips
and outings to get Botox and
Juvederm injections. But the
family decided they couldn't afford
the nanny anymore and let her go.
Mrs. Sirof's daughters took the
separation badly. Normally a lively
child, daughter Addie became sad
and withdrawn. Mrs. Sirof
consulted a doctor who suggested
renewed contact with Ms.
Monterrosa. Mrs. Sirof says she
feels "horrible" about laying off the
nanny. But there are some perks
she isn't willing to give up.
"Nothing deters me from my Botox
treatments," says Mrs. Sirof.
McDonald's will add 650 outlets
by year end, even as others struggle.
Top U.S. charitable foundations,
by 2006 asset size (in billions)
1. Bill & Melinda Gates
Foundation |
$33.12 |
|
2. Ford Foundation |
12.25 |
|
3. J. Paul Getty Trust |
10.13 |
|
4. Robert Wood Johnson |
|
|
Foundation |
9.37 |
5. William & Flora
Hewlett Foundation |
8.52 |
Many Americans
who live and
work abroad are eligible to exclude
$91,400 from their foreign earned
income for 2009, up from $87,600
for 2008, in arriving at their federal
income taxes.
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 15th
year of providing information, presented
fairly and accurately, from sources we
can depend upon and trust.
Los Angeles down by 21%.
That's the change in median price
of homes as of December 2008, as
compared with a year earlier.
Karl Marx (1818 - 1883) said:
"Owners of capital will stimulate
the working class to buy more of
expensive goods, houses and
technology, pushing them to take
more expensive credits, until their
debt becomes unbearable. The
unpaid debt will lead to bankruptcy
of banks, which will have to be
nationalized, and the state will
have to take the road which will
eventually lead to Communism."
American Express said its
customers cut spending by 10%
in the fourth quarter 2008.
Madoff Ponzi scheme
proliferates: Federal and state
authorities reported that at least
six multi-million-dollar fraud
cases were emerged in January
alone, many of which Ponzi
schemes in which investors were
lured by promises of lofty returns
but were actually paid off from
new victims' funds.
January was the worst in 113
years for the U.S. stock-market.
An Indiana financial adviser
was indicted on federal charges
that he intentionally crashed his
airplane in Florida to try to fake his
death. He parachuted out over
Alabama on January, 11th and
fled on a stashed motorcycle.
He faces financial-fraud charges
in Indiana and remains in jail.
We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkcpa.com
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