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   COFFEE_KLATSCH      Gossip and chit-chat echo      2,835 messages   

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   Message 2,455 of 2,835   
   August Abolins to Shawn Highfield   
   more covid-related restrictions   
   25 Jan 21 23:12:00   
   
   MSGID: 1:396/45.29@fidonet ecc59dbc   
   REPLY: 1:229/452 48CD8143   
   PID: OpenXP/5.0.48 (Win32)   
   CHRS: ASCII 1   
   TZUTC: -0500   
   Hello Shawn!   
      
   ** On Tuesday 19.01.21 - 12:02, Shawn Highfield wrote to August Abolins:   
      
    -=>> August Abolins wrote to Shawn Highfield <=-   
      
    AA>> Socks?   
      
    SH>   The dishonorable prime minister Justin "Look at my socks"   
    SH>   Trustfund.   
      
   He's comfortable in his socks. He surely has a leg or two in top     
   investments, a comfy retirement fund, and his father's     
   inheritance to draw upon.   
      
      
    AA>> If you're just managing the tax filing on your own right   
    AA>> now, it may be worth getting someone to do the next one   
      
    SH>   I only do the GST part on my own and this year not even   
    SH>   that.  I have a really good accountant who knows all the   
    SH>   regulations.   
      
   Unless your accountant is just a bookkeeper, the accountant part     
   of the process should be able to advise you where you can make     
   adjustments for improvement.   
      
   Look who's talking. My last accountant was a CPA but she did not     
   offer any practical advise at all.  She missed an entire expense     
   category - that I provided data for - for the last 6 years that     
   amounted to about $10K.  I assumed her work was accurate. I only     
   found out about her mistake a few months before she announced     
   that she was retiring.  As a result, my reported income was much     
   higher than it needed to be, and I ended paying unncessary     
   taxes. I had to borrow to cover it!   
      
      
    AA>> sure you account for every damn thing that relates to an   
    AA>> expense: car wash and supplies, cleaning, safety   
    AA>> equipment, professional dues and fees, etc.   
      
    SH>   Don't worry about that.  Been doing that for years.   
      
   This last year may be the first where I report losses, and no     
   taxes to pay! (yay).   
      
      
    SH>   ..I don't trust banks and when I did have enough money to   
    SH>   save I saved it in cash and silver in a safe at a   
    SH>   location no one could guess.  It now holds only my birth   
    SH>   cert and expired passport as the money and silver has   
    SH>   long been spent.   
      
   I've considered a safe too, but to be effective, it would need     
   to be bolted down. I would also need a fancy painting to hide it     
   behind.  :/   
      
   I split my money between two different banks. Bank #1 is used to     
   receive the cash deposits and the automated debit/cc terminal     
   payments, and bank #2 is used to pay the bills since the cheques     
   and payments are free.  I found a way to transfer the money from     
   bank #1 to #2 that does not incur any traditional inter-    
   institutional fees.   
      
   There is little to no opportunity to save any dollars. It goes     
   out almost as fast as it comes in.   
   --   
     ../|ug   
      
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