Subj : more covid-related restrictions
To   : Shawn Highfield
From : August Abolins
Date : Mon Jan 25 2021 23:12:00

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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