Subj : Re: more covid-related restrictions
To   : August Abolins
From : Shawn Highfield
Date : Tue Jan 26 2021 09:08:40

-=> August Abolins wrote to Shawn Highfield <=-

 AA> Unless your accountant is just a bookkeeper, the accountant part
 AA> of the process should be able to advise you where you can make
 AA> adjustments for improvement.

  He does.  I've never been happier with an accountant.

 AA> that she was retiring.  As a result, my reported income was much
 AA> higher than it needed to be, and I ended paying unncessary
 AA> taxes. I had to borrow to cover it!

  Happened to us in 2014, we had a bad accountant and ended up
  paying the gubment everything we had scrimped and saved that
  year.  (We squirrled away $12k that year)

 AA> This last year may be the first where I report losses, and no
 AA> taxes to pay! (yay).

  I'll be paying this year.  Mainly due to the income from selling
  the shares in my old company.

 AA> I've considered a safe too, but to be effective, it would need
 AA> to be bolted down. I would also need a fancy painting to hide it
 AA> behind.  :/

  Can be bolted down and hidden in a variety of ways.

 AA> There is little to no opportunity to save any dollars. It goes
 AA> out almost as fast as it comes in.

  That's the truth!

Shawn

.... All of life's answers are on the wrong side of progress.

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