Today I have added Ted Goff’s “Mostly Business” daily cartoon to this blog. A new cartoon will appear at the bottom of each page. These comics are not being archived, so you WILL have to come by and visit the 1-800-HART blog to see the daily comic strip … it’s quite funny. Don’t miss it!
Retirement Compensation Arrangements by Peter Merrick FMA, CFP, FCSI Over the past three decades businesses operating in Canada have found it difficult to provide a worthwhile retirement plan for their top people. A Retirement Compensation Arrangement (RCA) is the Income Tax Act’s retirement planning solution for affluent professionals, business owners and corporate executives. An RCA enables you to supplement your pensions and registered retirement savings plans, while increasing your financial and retirement security. RRSP/pension limitations In 1957, the Canadian government introduced the Registered Retirement Savings Plan (RRSP), on the premise that an annual tax-deductible contribution of 18 per cent of [More]
Individual Pension Plans – Upgrade Yourself by Peter Merrick FMA, CFP, FCSI Incorporated businesses looking to add a benefit for their owners and top executives might want to consider a little known tax-avoidance structure called the individual pension plan. IPPs are a wealthy person’s answer to registered retirement savings plans. They are sanctioned by the Canada Revenue Agency and offer the best tax and retirement savings solution for individuals 40 years old and older who have a T4 income of more than $100,000 and have historically maximized their RRSPs and pension contributions. The existing RRSP legislation was created in 1957, [More]
Financial Planning for Business Owners by Peter Merrick FMA, CFP, FCSI At the beginning of my career in the financial planning industry during the early 1990s, I was very fortunate to meet one of Canada’s most successful self-made businessmen. He was in his late 50’s and had much more life experience than me. He told me that the majority of the investment advisors he met over the course of his career did not have the foggiest idea how to make money that lasted, nor did they understand what successful business people were looking for when they sought out professional financial [More]
These were emailed to me sometime in February 2005, so you’ve probably seen them before …
I have added a script from http://www.Talkr.com that enables audio links for every posting so you can listen to the article in your iPod, or MP3 player on your desktop or laptop computer. At the top of each post, there is a link “Listen to this Article” … Just click on the link. If you click on the button in the UTILTIES & SITE FEED section, you can copy the url and paste it into your podcasting client (podcatcher) and configure your own desktop to automatically configure the entries to be heard in your MP3 player. This is just under [More]
I have added the code for the tag-board that I use on my other blog, PetLvr.com – [The Blog], directly in the sidebar of this 1-800-HART blog. Everything posted inside this ‘instant chat’ board will appear simultaneously on THIS blog, and the PETLVR blog. Feel free to ask questions in this tag-board, if you prefer to do this rather than commenting on a specific blog entry or sending me email. I get an email acknowledgement whenever a post is made, and if I’m online when that happens, HART will come and chat with you in Real-Time. Try it out! Visit [More]
PERSONAL AND CORPORATE INCOME TAX about.com – IRS.gov Forms and Publications canadabenefits.gc.ca – Canada Benefits: Home canlii.org – Tax Court of Canada ccra-adrc.gc.ca – Efile Bulletin Board ccra-adrc.gc.ca – Efile – OnLine – HomePage cra-arc.gc.ca – 2005 Resource Kit – Individuals cra-arc.gc.ca – Budget 2005 and Expenditure Review – Details cra-arc.gc.ca – Canada Revenue Agency – Site Map cra-arc.gc.ca – Canada Revenue Agency – Main Menu cra-arc.gc.ca – Fairness Committee cra-arc.gc.ca – Media Room – News Releases cra-arc.gc.ca – Payroll Deductions – Tables on Diskette cra-arc.gc.ca – Prescribed Rates and other Rates cra-arc.gc.ca – SEARCH CRA – Topic, Keyword, or [More]
I have added a new category, called “Live Feeds”. I thought it would be cool to read new and fresh content, without ..um, actually writing it! http://1800hart.com/blog/category/live-feeds/ Feel free to bookmark the above URL if you are interested in seeing headlines about: Latest News from Canada Revenue Agency Latest News from United States Small Business Office of the Advocacy Lastest Movie Reviews Lastest posts from my other site “PetLvr.com – [The Blog]” I hope to add more live feeds of interest to this category in the future. Do you have any recommendation for other live feeds that would be interesting [More]
This is a life feed, and the information is current Your browser does not support JavaScript. Click to read the latest news.
This is a live feed, and the information is current Your browser does not support JavaScript. Click to read the latest news.
What’s Happening in my other blog you ask? This is a live feed, and the information is current Your browser does not support JavaScript. Click to read the latest news.
This is a live feed, and the information is current Your browser does not support JavaScript. Click to read the latest news.
Today I have added two items to this blog. (1) A picture of me . Yes, that is my picture over there on the right side of the screen. A few days ago, I added miniature versions of this picture at the top of each page as End Bookmarks between the “hot link” buttons. And, in case you were interested, it is the same December 1996 Passport photo found on my website http://www.HBSMC.com with a few modifications that I did on Adobe Photoshop … as follows: I really do not have green hair, although if I did, I sure would [More]
Click on the following link …. a new window will pop up … http://1800hart.com/fishtank/fishtank.htm Do you like? Do you want it? HERE! Take it! 1) Download and save to your computer: http://1800hart.com/fishtank/1800HART.com_fishtank.zip 2) Copy all files into a new folder or a folder of your choice, and run fishtank.htm
I started a store at “Cafepress” …. URL is …… http://www.cafepress.com/1800HART/ Design #1 Accountant ……. Anyone who can add the same column of figures five times in a row … and come up with five different tax deductions Check it out, if you wish … HART
This is the creek behind our condominium. I believe it just crested recently. But, yesterday when we were out walking the dogs … the creek was about 3 feet higher than it was today. I thought I should take some pictures before and after. Out the back way – start In the middle, looking back towards our way In the middle, looking at the flooded walkway bridge At Ness Avenue, looking back towards our way At Ness Avenue, looking at the bridge and traffic
You Might Taking Accounting too Seriously If … You can’t wait to do your own tax return. You think the GAP store at the mall sells accounting standards. You think the CMA awards on TV relate to accounting (CMA is the Country Music Association). You cheer at the Oscars when they announce the accounting firm in charge of the envelopes. You read film credits to identify the name of the Production Accountant. You double underline your mother’s name when preparing her death notice. You do an NPV calculation when you receive an indecent proposal (Of course this makes perfect sense [More]
(Date and Source Unknown) Top 10 Reasons to Become an Accountant: 10. Audits Happen 9. You’re too sincere to succeed in Marketing 8. You can take your “Stupid Accounting Tricks” with you when you change jobs 7. Pocket protectors are bound to come back in style 6. The sheer sex appeal of it all… 5. Business Administration Majors go to work for their parents 4. Norm Peterson makes a great roll model 3. You can color your conversations with exciting phrases like “alternative minimum tax” and “substantive tests of details.” 2. You have great pick-up lines for parties: “Hey baby, [More]
David Letterman’s Top Ten List for April 14, 2000: Top Ten Punchlines to Dirty Accountant Jokes: 10. I didn’t notice her 1099s, but she sure had nice W-2s. 9. I’ve never seen someone deplete his reserves twice in one night. 8. Looks like Charles just got Schwab-ed. 7. Now there’s a box I’d like to check. 6. That’s not what I meant when I asked you to liquidate my holdings. 5. I guess she’d never seen such an impressive sustainable growth rate. 4. If I could handle my own extension, I’d never leave the house. 3. Well, would you believe [More]
David Letterman’s Top Ten List for March 28, 2000: Top Ten Dumb Accountant Tax Tips 10. Don’t file a W-2 form unless your name begins with “W.” 9. Answer every question ‘Wouldn’t you like to know?” 8. Hide all money in mattress, on return write “No money hidden in mattress.” 7. If you’ve just eaten, don’t do taxes for at least half an hour. 6. Hire yourself as an employee, fire yourself, sue yourself for discrimination, deduct court costs. 5. Report $1 billion income so IRS will think you’re some sort of big shot. 4. For “charitable contributions,” list $9 [More]
David Letterman’s Top Ten List for April 9, 1998: Top Ten Accountant Pick-Up Lines: 10. You’ve got a lovely pair of W-2’s. 9. Please, baby, let me withhold you. 8. Technically, having sex with me is a charitable gift. 7. In my office, ‘I.R.S.’ stands for “I’m Really Sexy.” 6. If I help you screw Uncle Sam, can I be next? 5. You’re entitled to a $5000 tax break on your municipal bond income…now let’s do it.” 4. Let’s out a 1040 – you’re a 10, and I’m 40. 3. You’re the kind of girl I could take home to [More]
David Letterman’s Top Ten List for April 10, 1996: Top Ten Signs Your Accountant is Nuts: 10. In several places on your tax forms, he’s written, “Give or take a million dollars.” 9. Tells you to put all your money into British cattle futures. 8. You notice that his “calculator” is just a broken VCR remote. 7. Insists that there’s no such number as four. 6. He laughed at the Bob Dole background check (I’m sorry – that’s a sign he’s hypnotized.) 5. Counts family of squirrels living in your yard as dependents. 4. Advises you to save postage by [More]
David Letterman’s Top Ten List for April 10, 1995: Top Ten Signs You’ve Hired a Bad Accountant: 10. You hear him on the phone saying, “Have I ever let you down, Leona?” 9. Instead of IRS, sends your completed tax return to UPS. 8. His “short form” looks suspiciously like a cocktail napkin. 7. He lets you list your imaginary friend as a dependent. 6. Lists every time you laughed at Letterman as “charitable donation.” 5. Used to be some kind of financial big-shot in Orange County. 4. Announced he donated all your assets to O.J.’s defense fund. 3. On [More]
David Letterman’s Top Ten List for March 15, 1994: Top Ten Signs You’ve Hired a Bad Accountant: 10. Asks you how many monies you made this year. 9. The calculator he’s been adding numbers on is actually a TV remote control. 8. What he calls “tax forms,” most people call “paper hats.” 7. Accompanies you to your audit wearing a giant bunny suit. 6. Takes you aside and whispers, “Between you, me, and the lamppost – a nine’s more or less the same thing as a six, right?” 5. When filling out your form, asks, “What color crayon should I [More]
15> Order Your British Redcoats Playing Cards! 14> 90% Off Printing Press Plates! Good for All Gutenberg Models! 13> Earn up to 10 pence per fortnight knitting stockings at home! 12> You’ll be mutinous if you don’t check out these hot Tahitian babes on Bountycam! 11> Slice off the pounds with the Antoinette Cake Diet! 10> Ogg, Please Read: Name-Brand Berries for Your Cave Paintings! 9> Pleafe purchafe thefe golf ballf. 8> Ahoy! You’re PREQUALIFIED for 10 pieces of silver from Blackbeard Lending! 7> Augmenteth Thy Codpiece! 6> Can’t start smoking? We can help! 5> Buy Your OWN Island with [More]
Bentley Forums – – – I used the ashtray today. How do I replace it? BMW Forums – – – What ARE these orange lights on the corner of my car for? Lamborghini forum – – – Wind noise around 210MPH. Camaro/Firebird Forums – – – My girl slept with my brother and my wife. How can I kill ’em? btw, I have a record and I ain’t going back. Mustang forums – – – Some punk kid in a Civic tried to race me. Monte Carlo forums – – – Why do I keep getting pulled over, it ain’t [More]
One afternoon a wealthy lawyer was riding in his limousine when he saw two men along the roadside eating grass. Disturbed, he ordered his driver to stop and he got out to investigate. He asked one man “Why are you eating grass?” “We don’t have any money for food,” the poor man replied. “We have to eat grass.” Well, then, you can come with me to my house and I’ll feed you” the lawyer said. But sir. I have a wife and two children with me. They are over there, under that tree” “Bring them along,” the lawyer replied. Turning [More]
You see a gorgeous girl at a party. You go up to her and say, “I’m fantastic in bed.” That’s Direct Marketing . You’re at a party with a bunch of friends and see a gorgeous girl. One of your friends goes up to her and pointing at you says, “He’s fantastic in bed.” That’s Advertising. You see a gorgeous girl at a party. You go up to her and get her telephone number. The next day you call and say, “Hi, I’m fantastic in bed.” That’s Telemarketing. You’re at a party and see a gorgeous girl. You get up [More]
1. Ratio of an igloo’s circumference to its diameter? = Eskimo Pi 2. 2000 pounds of Chinese soup? = Won ton 3. 1 millionth of a mouthwash? = 1 microscope 4. Time between slipping on a peel and smacking the pavement? = 1 bananosecond 5. Weight a TV evangelist carries with God? = 1 billigram 6. Time it takes to sail 220 yards at 1 nautical mile per hour? = Knot furlong 7. 16.5 feet in the Twilight Zone? = 1 Rod Serling 8. Half of a large intestine? = 1 semicolon 9. 1,000,000 aches? = 1 megahurtz 10. Basic [More]
>>>> Please use your calculator, or /START/PROGRAMS/ACCESSORIES/CALCULATOR)… 1. Key into the calculator the first 3 digits of your phone number (not area code). 2. Multiply by 80 3. Add 1 4. Multiply by 250 5. Add last 4 digits of your phone number 6. Add last 4 digits of your phone number again 7. Subtract 250 8. Lastly, divide by 2 Is this your phone number???
Employment Insurance (EI) Employment Insurance (EI) provides temporary financial assistance for unemployed Canadians while they look for work or upgrade their skills. Canadians who are sick, pregnant or caring for a newborn or adopted child, as well as those who must care for a family member who is seriously ill with a significant risk of death, may also be assisted by Employment Insurance. Being an accountant and working in public practice since 1985 and on my own since 2003, I have had the opportunity to prepare many “Record of Employment” (R.O.E.) forms for my clients over the years. Not every [More]