Question:

– Hide quoted text — Show quoted text – Yes, comrade, capitalism is evil.  We must dispose of it … along with the jobs it provides. They’re working on it..  More and more jobs lost to cheaper labor markets every day..   just so WalMart can roll back prices again. Not just Walmart either. Nope.  60 Minutes had a show on about this just last week.  The one that really got me is where they take X-Rays of you here at a hospital, e the images to India and a tech there reads them (for much less than it would cost here) and e’s back the results.

And don’t ya just know, they trickle down the cost savings to us.  The good old fashion Reganomics. – Hide quoted text — Show quoted text –  Here’s the deal in your country – corporations are making more money BUT there has been no increase in jobs.  Hmmm.  This has economists scratching their collective pinheads – more profit is supposed to mean more jobs – as labour is increasingly exported outside of your country, guess what will happen?  The Fall of the Roman Empire and all that. More like a slow slide, but the conclusion still ends up with your economy face down in the dirt.  Hopefully this can change, but greed  is a powerful force. Jean BroJack

Response:

– Hide quoted text — Show quoted text – Perhaps Colin would be willing to re-locate. BroJack Perhaps not, Jack. Perhaps you could read for content. Perhaps you’d catch the fact that the growth I speak of is a more personal type of growth that considers things like "community purpose" and real patriotism instead of the lip service we are all inundated with. So today I read about Gale Norton signing off 6 million acres on the Alaska North Slope for oil/gas exploration while fuel efficiency standards are still being stalled due to industry lobbying. Perhaps Jack would be willing to concede that the democratic process is truly being hi-jacked by this selfish bunch of greedy bastards.               Colin As much as I luv trees, personally planted about 1,000 of them at Windswept, I think it’s more important that we be energy self-sufficient and then keep our noses out of the Middle-East (and everywhere else).

think we need to be using something besides oil.  we could have teh technology in no time if the same monies which go into oil subsidies & research would go toward alternatives.  but the oil companies & other powers wouldn’t want that cause then they wouldn’t have all the power. – Hide quoted text — Show quoted text – Jack

Response:

- Hide quoted text — Show quoted text – Perhaps Colin would be willing to re-locate. BroJack Perhaps not, Jack. Perhaps you could read for content. Perhaps you’d catch the fact that the growth I speak of is a more personal type of growth that considers things like "community purpose" and real patriotism instead of the lip service we are all inundated with. So today I read about Gale Norton signing off 6 million acres on the Alaska North Slope for oil/gas exploration while fuel efficiency standards are still being stalled due to industry lobbying. Perhaps Jack would be willing to concede that the democratic process is truly being hi-jacked by this selfish bunch of greedy bastards.               Colin

As much as I luv trees, personally planted about 1,000 of them at Windswept, I think it’s more important that we be energy self-sufficient and then keep our noses out of the Middle-East (and everywhere else). Jack

Response:

Perhaps Colin would be willing to re-locate. BroJack

Perhaps not, Jack. Perhaps you could read for content. Perhaps you’d catch the fact that the growth I speak of is a more personal type of growth that considers things like "community purpose" and real patriotism instead of the lip service we are all inundated with. So today I read about Gale Norton signing off 6 million acres on the Alaska North Slope for oil/gas exploration while fuel efficiency standards are still being stalled due to industry lobbying. Perhaps Jack would be willing to concede that the democratic process is truly being hi-jacked by this selfish bunch of greedy bastards.                Colin

Response:

- Hide quoted text — Show quoted text – Yes, comrade, capitalism is evil.  We must dispose of it … along with the jobs it provides. They’re working on it..  More and more jobs lost to cheaper labor markets every day..   just so WalMart can roll back prices again. Not just Walmart either. Nope.  60 Minutes had a show on about this just last week.  The one that really got me is where they take X-Rays of you here at a hospital, e the images to India and a tech there reads them (for much less than it would cost here) and e’s back the results.

oh.. don’t forget the tax preparers using accountants in inda as well..  and the credit reporting agencies.. – Hide quoted text — Show quoted text –  Here’s the deal in your country – corporations are making more money BUT there has been no increase in jobs.  Hmmm. This has economists scratching their collective pinheads – more profit is supposed to mean more jobs – as labour is increasingly exported outside of your country, guess what will happen?  The Fall of the Roman Empire and all that. More like a slow slide, but the conclusion still ends up with your economy face down in the dirt. Hopefully this can change, but greed  is a powerful force. Jean BroJack

Response:

Yes, comrade, capitalism is evil.  We must dispose of it … along with the jobs it provides. They’re working on it..  More and more jobs lost to cheaper labor markets every day..   just so WalMart can roll back prices again. Not just Walmart either.

Nope.  60 Minutes had a show on about this just last week.  The one that really got me is where they take X-Rays of you here at a hospital, e the images to India and a tech there reads them (for much less than it would cost here) and e’s back the results. – Hide quoted text — Show quoted text –  Here’s the deal in your country – corporations are making more money BUT there has been no increase in jobs.  Hmmm.  This has economists scratching their collective pinheads – more profit is supposed to mean more jobs – as labour is increasingly exported outside of your country, guess what will happen?  The Fall of the Roman Empire and all that. More like a slow slide, but the conclusion still ends up with your economy face down in the dirt.  Hopefully this can change, but greed  is a powerful force. Jean BroJack

Response:

– Hide quoted text — Show quoted text – I think they say we have new jobs, but neglect to mention those new jobs are low-paying service industry job.. I heard on the news today you do have new jobs – want to know how many? 1,000. did a new SuperWalMart open somewhere? Yeah … didn’t you see the photographs sent back from Mars? Mars or Baghdad?

The Baghdad store is a Target store. Quite appropriate, ay? BroJack

Response:

- Hide quoted text — Show quoted text – I think they say we have new jobs, but neglect to mention those new jobs are low-paying service industry job.. I heard on the news today you do have new jobs – want to know how many? 1,000. did a new SuperWalMart open somewhere? Yeah … didn’t you see the photographs sent back from Mars? Mars or Baghdad? The Baghdad store is a Target store.

at least Target isn’t as EVIL as WalMart… – Hide quoted text — Show quoted text – Quite appropriate, ay? BroJack

Response:

- Hide quoted text — Show quoted text – I think they say we have new jobs, but neglect to mention those new jobs are low-paying service industry job.. I heard on the news today you do have new jobs – want to know how many? 1,000. did a new SuperWalMart open somewhere? Yeah … didn’t you see the photographs sent back from Mars?

Mars or Baghdad? – Hide quoted text — Show quoted text – BroJack

Response:

I think they say we have new jobs, but neglect to mention those new jobs are low-paying service industry job.. I heard on the news today you do have new jobs – want to know how many? 1,000.

did a new SuperWalMart open somewhere?

Response:

I think they say we have new jobs, but neglect to mention those new jobs are low-paying service industry job.. I heard on the news today you do have new jobs – want to know how many? 1,000. did a new SuperWalMart open somewhere?

Yeah … didn’t you see the photographs sent back from Mars? BroJack

Response:

– Hide quoted text — Show quoted text – Yes, comrade, capitalism is evil.  We must dispose of it … along with the jobs it provides. They’re working on it..  More and more jobs lost to cheaper labor markets every day..   just so WalMart can roll back prices again. Not just Walmart either.  Here’s the deal in your country – corporations are making more money BUT there has been no increase in jobs.  Hmmm. I think they say we have new jobs, but neglect to mention those new jobs are low-paying service industry job..

I heard on the news today you do have new jobs – want to know how many? 1,000. we used to have manufacturing jobs in this country.. Levi’s closed their last US plants last month..  sad

It is sad. Jean – Hide quoted text — Show quoted text – This has economists scratching their collective pinheads – more profit is supposed to mean more jobs – as labour is increasingly exported outside of your country, guess what will happen?  The Fall of the Roman Empire and all that. More like a slow slide, but the conclusion still ends up with your economy face down in the dirt.  Hopefully this can change, but greed  is a powerful force. Jean BroJack

Response:

Yes, comrade, capitalism is evil.  We must dispose of it … along with the jobs it provides. They’re working on it..  More and more jobs lost to cheaper labor markets every day..   just so WalMart can roll back prices again. Not just Walmart either.  Here’s the deal in your country – corporations are making more money BUT there has been no increase in jobs.  Hmmm.

I think they say we have new jobs, but neglect to mention those new jobs are low-paying service industry job.. we used to have manufacturing jobs in this country.. Levi’s closed their last US plants last month..  sad – Hide quoted text — Show quoted text – This has economists scratching their collective pinheads – more profit is supposed to mean more jobs – as labour is increasingly exported outside of your country, guess what will happen?  The Fall of the Roman Empire and all that. More like a slow slide, but the conclusion still ends up with your economy face down in the dirt.  Hopefully this can change, but greed  is a powerful force. Jean BroJack

Response:

Yes, comrade, capitalism is evil.  We must dispose of it … along with the jobs it provides. They’re working on it..  More and more jobs lost to cheaper labor markets every day..   just so WalMart can roll back prices again.

Not just Walmart either.  Here’s the deal in your country – corporations are making more money BUT there has been no increase in jobs.  Hmmm.  This has economists scratching their collective pinheads – more profit is supposed to mean more jobs – as labour is increasingly exported outside of your country, guess what will happen?  The Fall of the Roman Empire and all that. More like a slow slide, but the conclusion still ends up with your economy face down in the dirt.  Hopefully this can change, but greed  is a powerful force. Jean – Hide quoted text — Show quoted text – BroJack

Response:

japan?  china?  taiwan?  

Perhaps Colin would be willing to re-locate. BroJack – Hide quoted text — Show quoted text – This game has been going on forever, yes, but it is time to change, it’s called Growth.       Colin Of all the countries on this blue rock, which has grown more than America? BroJack —

Question:

Before Arabs invented their cult Islam, they were also a "bunch of tribal savages" as were the Europeans. The difference between then and now is that Arabs are still a "bunch of tribal savages" with the banners of their cult ("kill them wherever you find them")* in their hands. Yes, Mespotamia is the cradle of our civilisation, but Mesopotamians were not Arabs, and certainly Arabs are not Mespotamians. Just like the present Arab occupants of Egypt are not the descendent of ancient Egyptians either. I even argue that the present occupants of Greece are not the descendents of ancient Greeks. After Arabs united as a military force under their cult Islam, they invented, and established their Pan Arab Islamist Empires, their looted riches attacted from other nearby kingdoms and empires many dissident scientists, artists, craftsmen, mercahnts, etc., who did all that "advancements in mathematics, engineering, astronomy" now Arabs like to claim ownership to. Rich countries always throughtout the history (including today) attacted such dissidents form other countries. Arab looted riches attacted, for example, dissident Jewish rich merchants, bankers, sceintists, artists and others who were brutally persecuted thorougout Christian Europe. The jews found piece and quite under their Arab rulers. In turn they provided what their Arab rulers lacked: expertise in science, business, etc. Exchange of expertise for piece and quite. That was the essence of dissident immigration into Arab domains, not because Arabs or their cult Islam were restpectfull and tolerant to others while their cult Islam required Arabs to "kill them wherever you find them." But nevertheless, past achievements do not put bread and butter on the dining table today anyway. Only today’s achivements can put bread and butter on the dining table today. Secondly, as one already indicated, Iran is not an Arab nation/country. But Iran is an subjugated nation of Pan Arab Islamist Imperialism. * http://www.hti.umich.edu/k/koran/simple.html [2.191] And kill them wherever you find them, and drive them out from whence they drove you out, and persecution is severer than slaughter, and do not fight with them at the Sacred Mosque until they fight with you in it, but if they do fight you, then slay them; such is the recompense of the unbelievers. – Hide quoted text — Show quoted text – There is no such thing as "Arab contributions to civilization". Yes "Arab World was flourishing" with the loot and plunder of their subjugated peoples just like any other empire in the history did. But this is far from being civilized and contribution to human civilization or advancement in any shape or form. No that’s not true. They had great civilisations in where are now Iran, Iraq and of course Egypt when we in Europe were still a bunch of tribal savages. They were more advanced in mathematics, engineering, astronomy and also in the fields of arts and politics. Mespotamia is accepted as the cradle of our civilisation. All Arabs did was to invent a cult they called Islam … That is true and that is also their tragedy. Ever since the mentally deranged Mohammed (Piss be upon him) and his bunch of fanatics conquered the whole of middle-east, it’s been down the tube all the way. Under duress (adopt Islam or die by the sword), these religious killers turned nations of normal, intelligent and generous people into what they are to-day – fearful of their God and slaves to its dogmas, schizophrenic in their view of the west (they want and despise it in equal measures), moronic when it comes to science and rational thought, cultural misogynists, mass murderers and potential killers. As long as they are under the shackles of Islam, there is no hope for them. They have to end their nightmare and kill their demon themselves. For those muslims who are trying to wake up from that nightmare, go and learn at http://www.faithfreedom.org/debates.htm

Response:

… Iranians are not Arabs, they were Persians and the ones who post to this NG don’t much care for the fact that arabs hijacked their culture. True. If we are simply referring to native arabs, their contribution is zilch. My context was when people refer to the arab world, it is usually understood to include the islamic nations in the middle-east region – the iranians, iraquis and Egyptians who have now lost their illustrious heritage. They now are and will remain under the yoke of Islam for the foreseeable future. Equate that with stagnation in all areas of human endeavour.

Iranians are never referred to as Arabs, regardless of the context.

Response:

They really did not invent anything themselves they just conquered other peoples who had advances. Then, once Islam was firmly in control, advancement, for all intents and purposes, stopped. We can see that much more clearly now with the hindsight of history. The liberal sentimentalism regarding the so-called golden age of Islam is extremely dangerous today in light of the evil of Islamic terrorism that must be confronted now. http://www.chroniclesmagazine.org/News/Trifkovic/NewsST110703.html

– Hide quoted text — Show quoted text – Arab contributions to civilization An amazing book by famed American author Louis L’Amour. It is an adventure which takes place in the 12th Century at a time when the Arab World was flourishing and Europe was in the Dark Ages. L’Amour takes us on an adventure through Europe, the Middle East and Asia and highlights the Arab contributions to civilization. The story is both gripping and historically accurate. Learn more about the book by visiting: http://www.vestedowl.com/book.htm

Response:

… Iranians are not Arabs, they were Persians and the ones who post to this NG don’t much care for the fact that arabs hijacked their culture.

True. If we are simply referring to native arabs, their contribution is zilch. My context was when people refer to the arab world, it is usually understood to include the islamic nations in the middle-east region – the iranians, iraquis and Egyptians who have now lost their illustrious heritage. They now are and will remain under the yoke of Islam for the foreseeable future. Equate that with stagnation in all areas of human endeavour. — When I hear a man applauded by the mob I always feel a pang of pity for him.  All he has to do to be hissed is to live long enough.                 — H.L. Mencken, "Minority Report"

Response:

Arab contributions to civilization There were many — but the question naturally comes up, "What have you contributed to civilization _lately_?"  Not a whole lot since about 1258 A.D., as far as I can see…

…I think 9/11 is seen as a conribution!…. – Hide quoted text — Show quoted text – — SAUDIA OMNIS IN PARTES TRES DIVIDENDA EST!  Free Arabia by splitting the Saudi tyranny into its three natural parts: Hejaz-alHarameyn, Nejd-Wahhabistan, and Gulf-Petrolia. Murderers are not Martyrs! http://symbolictruth.fateback.com/

Response:

There is no such thing as "Arab contributions to civilization". Yes "Arab World was flourishing" with the loot and plunder of their subjugated peoples just like any other empire in the history did. But this is far from being civilized and contribution to human civilization or advancement in any shape or form. No that’s not true. They had great civilisations in where are now Iran,

Iranians are not Arabs, they were Persians and the ones who post to this NG don’t much care for the fact that arabs hijacked their culture.

Response:

Arab contributions to civilization

unfortunately they stopped about 5 centuries ago. today, to make any contributions to civilization, arabs have to leave and go to the west. to see who "wf3h" is, go to "qrz.com" and enter ‘wf3h’ in the field

Response:

There is no such thing as "Arab contributions to civilization". Yes "Arab World was flourishing" with the loot and plunder of their subjugated peoples just like any other empire in the history did. But this is far from being civilized and contribution to human civilization or advancement in any shape or form.

No that’s not true. They had great civilisations in where are now Iran, Iraq and of course Egypt when we in Europe were still a bunch of tribal savages. They were more advanced in mathematics, engineering, astronomy and also in the fields of arts and politics. Mespotamia is accepted as the cradle of our civilisation. All Arabs did was to invent a cult they called Islam …

That is true and that is also their tragedy. Ever since the mentally deranged Mohammed (Piss be upon him) and his bunch of fanatics conquered the whole of middle-east, it’s been down the tube all the way. Under duress (adopt Islam or die by the sword), these religious killers turned nations of normal, intelligent and generous people into what they are to-day – fearful of their God and slaves to its dogmas, schizophrenic in their view of the west (they want and despise it in equal measures), moronic when it comes to science and rational thought, cultural misogynists, mass murderers and potential killers. As long as they are under the shackles of Islam, there is no hope for them. They have to end their nightmare and kill their demon themselves. For those muslims who are trying to wake up from that nightmare, go and learn at http://www.faithfreedom.org/debates.htm — Illiterate?  Write today, for free help!

Response:

scrounging.

– Hide quoted text — Show quoted text – Arab contributions to civilization An amazing book by famed American author Louis L’Amour. It is an adventure which takes place in the 12th Century at a time when the Arab World was flourishing and Europe was in the Dark Ages. L’Amour takes us on an adventure through Europe, the Middle East and Asia and highlights the Arab contributions to civilization. The story is both gripping and historically accurate. Learn more about the book by visiting: http://www.vestedowl.com/book.htm

Response:

Arab contributions to civilization There were many — but the question naturally comes up, "What have you contributed to civilization _lately_?"  Not a whole lot since about 1258 A.D., as far as I can see…

They’ve been stuck in the Middle Ages ever since. Notice how things got real quiet when "st3ph3nm" demanded proof of Arab non-productivity and I obliged:

And it shows.  For all of the oil revenue that has flowed into the wealthier Arab countries, consider the overall state of the Arab world: * It does not produce a single manufactured product of sufficient quality to sell on world markets. Rubbish.  Saudi Arabia, Syria, Jordan, Egypt all export more than oil.

But it doesn’t amount to diddlysquat.  See below. * Arab productivity is the lowest in the world. What sources?

"Despite their vast oil reserves, the combined GDP of all 22 Arab countries is less than that of Spain’s. In other words, for the equivalent of one-third of the cash traded on the currency markets daily, you could buy everything produced in the entire Arab world in a whole year." http://www.nationalreview.com/comment/comment-lacey060503.asp Dubai’s Crown Prince Shaikh Muhammad bin Rashid Al-Maktoum, in a statement read out to the conference, declared that the Arab world must "raise standards of accounting and transparency and move aggressively to identify business opportunities if it is to come up to speed and win foreign investment". Investment opportunities, he said, "must be nurtured", commenting that Arab nations were "lagging sorely behind their potential". This potential lies in their natural resources, but also in tourism, and in the fact that their combined population exceeds 300 million. The 22 Arab countries, he said, have a GDP of only $700 billion, and in 2001 attracted less than one percent of the total global amount of $735 billion direct foreign investment. http://www.saudiembassy.net/press_release/03-spa/05-04-Arab.htm State of the Arab World http://www.undp.org/rbas/ahdr/ This is a very revealing (and very long, about 500 pages) document, "Arab Human Development Report 2002", put out by the UN and released in Cairo. It took about 18 months to produce and it is surprisingly self-critical considering that it was produced by about 50 Arab scholars. Some amazing facts include the following: — Circa 23% of the population (of 65 million Arabs) is illiterate, two-thirds of those women — "Governments in the Arab world are legal, but their legitimacy is questionable and that cannot be sustained" — Spain’s GDP is greater than all of the 22 Arab countries combined — Of the Arab youth aged between 13 and 20 polled by the report, fully 50% want to emigrate to the West (especially Britain and US) — Only 1.2% of Arabs can access a computer, and half that use the internet; this is below sub-Saharan Africa — The Arab world translates about 300 books annually, one fifth of the number that Greece translates — Scientific expenditures in the Arab world was less than 0.5% of the GDP in 1996, lower than Cuba The report makes clear that there is no freedom, no opportunity, much corruption, and excuses a plenty. http://www.ashbrook.org/publicat/update/02-07-18.html

Response:

Arab contributions to civilization

There were many — but the question naturally comes up, "What have you contributed to civilization _lately_?"  Not a whole lot since about 1258 A.D., as far as I can see… — SAUDIA OMNIS IN PARTES TRES DIVIDENDA EST!  Free Arabia by splitting the Saudi tyranny into its three natural parts: Hejaz-alHarameyn, Nejd-Wahhabistan, and Gulf-Petrolia. Murderers are not Martyrs! http://symbolictruth.fateback.com/

Response:

They pioneered the first hemorhoid transplant.

And I see you are continuing to thrive on your new host. …

Response:

Arab contributions to civilization An amazing book by famed American author Louis L’Amour. It is an adventure which takes place in the 12th Century at a time when the Arab World was flourishing and Europe was in the Dark Ages. L’Amour takes us on an adventure through Europe, the Middle East and Asia and highlights the Arab contributions to civilization. The story is both gripping and historically accurate. Learn more about the book by visiting: http://www.vestedowl.com/book.htm

There is no such thing as "Arab contributions to civilization". Yes "Arab World was flourishing" with the loot and plunder of their subjugated peoples just like any other empire in the history did. But this is far from being civilized and contribution to human civilization or advancement in any shape or form. All Arabs did was to invent a cult they called Islam as a tool of Pan Arab imperialism, used it and conquered the Middle East, Northern Africa and a good part of Iberian Peninsula, forced or conned peoples in these regions to convert to Islam. As a result from the loot and plunder, they confiscated the resources and properties of the people they conquered. Arabs certainly "flourished" with the looted and plundered wealth. They had more gold and shiny stones to hang on their necks, more slave teen-aged women as concubines in their harems, but that is certainly not "contributions to (human) civilization" or advancement in any shape or form. On the contrary, with the immense hatred they created between peoples of Europe, Middle East, Africa and Asia which still lingers around the World in full force, they have caused and still causing tremendeous sufferings, and held back and still holding back the human advancement, and the advancement of civilization, preventing humans from pursuing happiness.

Response:

Arab contributions to civilization An amazing book by famed American author Louis L’Amour. It is an adventure which takes place in the 12th Century at a time when the Arab World was flourishing and Europe was in the Dark Ages. L’Amour takes us on an adventure through Europe, the Middle East and Asia and highlights the Arab contributions to civilization. The story is both gripping and historically accurate. Learn more about the book by visiting: http://www.vestedowl.com/book.htm

Response:

They pioneered the first hemorhoid transplant.

– Hide quoted text — Show quoted text – Arab contributions to civilization An amazing book by famed American author Louis L’Amour. It is an adventure which takes place in the 12th Century at a time when the Arab World was flourishing and Europe was in the Dark Ages. L’Amour takes us on an adventure through Europe, the Middle East and Asia and highlights the Arab contributions to civilization. The story is both gripping and historically accurate. Learn more about the book by visiting: http://www.vestedowl.com/book.htm

Response:

Question:

- Hide quoted text — Show quoted text – Hi, My friend is a child psychologist wanting to set up her independent private practice.She wants to share the business name and rent and utilities with 2 other child psychologists, but at the same time have her own independent practice. The other 2 psychologists want to operate as a sole proprietor. Can she operate as different unit like could she be incorporated or a partnership? Which set up would be most beneficial if she wants to limit her personal liabilities to only the funds she puts in the business structure? Should she set up an LLC partnership or an S corp? Someone suggested to her that she could set up a trust fund to protect her assets from potential Thanks,

She needs an actual, real live, professional advisor, ie, an attorney or CPA or both to help with this.  Barring this, usually the website of the Secretary of State gives helpful information about doing business in a state.  Also her own professional organization (pyschological organization) — sarah clark My experience as a member of the APB (Accounting Principles Board) taught me many lessons.  A major one was that most of us have a natural tendency and an incredible talent for processing new facts in such a way that our prior conclusions remain intact   — Charles Horngren

Response:

- Hide quoted text — Show quoted text – Hi, My friend is a child psychologist wanting to set up her independent private practice.She wants to share the business name and rent and utilities with 2 other child psychologists, but at the same time have her own independent practice. The other 2 psychologists want to operate as a sole proprietor. Can she operate as different unit like could she be incorporated or a partnership? Which set up would be most beneficial if she wants to limit her personal liabilities to only the funds she puts in the business structure? Should she set up an LLC partnership or an S corp? Someone suggested to her that she could set up a trust fund to protect her assets from potential Thanks, She needs an actual, real live, professional advisor, ie, an attorney or CPA or both to help with this.  Barring this, usually the website of the Secretary of State gives helpful information about doing business in a state.  Also her own professional organization (pyschological organization)

I would agree with Sarah, however I would like to add that: 1)  You cannot operate as a partnership without a partner 2)  You cannot organize you way out of liability for your own acts — Jim Hudspeth, CFE, CPA   http://survivalworks.com

Response:

Hi, My friend is a child psychologist wanting to set up her independent private practice.She wants to share the business name and rent and utilities with 2 other child psychologists, but at the same time have her own independent practice. The other 2 psychologists want to operate as a sole proprietor. Can she operate as different unit like could she be incorporated or a partnership? Which set up would be most beneficial if she wants to limit her personal liabilities to only the funds she puts in the business structure? Should she set up an LLC partnership or an S corp? Someone suggested to her that she could set up a trust fund to protect her assets from potential Thanks,

Response:

Question:

Coming late to this party, I respond in part to several other posters, too. I’m active in real estate rentals, have a house I live in which has greatly appreciated, and consider other investments in the course of considering sales of same, and have made a career of avoiding (which is entirely legal, vs evading, which is not!) taxes, so, with *only* that behind me: Starkers are ok if you put all the boot (money received in excess of the depreciated value) in an account reserved specifically – you can’t touch it – for the purpose of buying another investment, and then identify in the qualifying time the intended investment and actually buy it with that boot. The depreciated value (basis) moves over in the ‘exchange’ at the time, and if there’s money left over, that’s the taxable boot.  All the usual rules about businesses having to make a profit in some time frame apply to future business activity vs hobby activity, but the nature of the investment vehicle doesn’t have to be identical… The capital gains exclusion mentioned is for houses one *lives* in for two of the last five years, not rentals.  However, you could convert it to your personal residence, live there for two years and get the same benefit, doing it as many times as you wanted to (a good way to take fixer-uppers and get non-taxable income on turnover following improvements).  It’s double for couples. (up to 250k and 500k (single and couple respectively) gain sheltered from taxes against the purchase price – which, if it’s fully depreciated, which is likely, being a 15 year property if you used ACRS (accelerated cost recovery system) as most did at that time, means its purchase price would want to be ‘free’ in order to avoid the cap gain on that purchase (the one which converted it into a personal residence).  It might have to go through some other hands in order to pass the smell test about arms-length, but it could probably be done.)  The depreciation stinker is that they recapture the depreciation on resale (that is, if you have a depreciated value, that’s the ‘basis’ for the sale, and the sales price less the basis is the gain) which is why, if you converted it into a personal property, you’d want to sell it for free, or whatever the depreciated price/value was at the time of the conversion. And, the IRS has repeatedly held that a boat can be a residence, so you could use that as your home for whatever purpose you wanted, or do the same to it as you did with the rental. Were it me, I’d prefer the conversion to personal property route if you had the time and ability to do it, but otherwise it might still be able to be worked if you want to spend the money to set it up right under a Starker. YMMV :{)) L8R Skip — The Society for the Preservation of Tithesis commends your ebriated and scrutible use of delible and defatigable, which are gainly, sipid and couth. We are gruntled and consolate that you have the ertia and eptitude to choose such putably pensible tithesis, which we parage. Stamp out Sesquipedalianism<<

– Hide quoted text — Show quoted text – We own a house that we have rented out for about 15 years, and now I’m contemplating selling it to buy a (small) yacht.  We  have a significant capital gain on the house, thanks to California’s housing market in that time. Tax avoiding soul that I am, I’m trying to figure out how to avoid/defer paying the capital gain tax on the house.  Anyone on this newgroup know if a rental house qualifies for a tax deferred exchange (I think that is/was called a Starker exchange) if the proceeds are used to buy a yacht for charter? (like the Moorings buy-a-charter-yacht program I see them advertise in the glossy boating magazines.) My daydreams involve a large sailing catamaran in the Med or Caribbean, which we could use for a couple of weeks per year. I would not be looking to do this expecting to make any real money on chartering, I just want a boat and avoid those capital gain taxes. Any accountants or tax lawyers here know if this fits the rules for such an exchange? If so, could it later be converted to our permanent residence (live aboard), and could we avoid paying those capital gain taxes altogether? Legally? (I’m assuming that the long arm of the IRS indeed reaches into the Med or Caribbean, and I don’t want to pay penalties or go to "Club Fed".  I’m going to have enough trouble convincing the wife of the benefits of this idea as it is, much less learning how to navigate, anchor, trim sails, avoid hurricanes, etc…) Thanks –Bob

Response:

I think you have hit on the key issue: the "Like Kind" requirement.  Is a rental house a "Like Kind" to a rental (charter) boat?  I vaguely recall hearing that boats are Personal Property, not Real Property, such as the house.  So it does not look too promising.  But I will check with my CPA relative (the "aggressive" one, not the other CPA relative…:-) soon. Thanks –Bob – Hide quoted text — Show quoted text – I’m not a tax accountant or attorney, nor do play one on TV, but I believe you might fail the "Like Kind" requirement of a 1031 exchange: painting for painting, residential property for commercial property, and so forth.  Also has to be located within the US. A quick search brought up this (sadly) commercial site that seems to explain the basics well: http://www.starkerexchanges.com/ Still, boats can qualify as second homes and if the boat’s chartered out of FL or Puerto Rico….. As opined by others: Get the advice of someone that really knows these things. — Jere Lull Xan-a-Deux — ‘73 Tanzer 28 #4 — out of Tolchester, MD Xan’s Pics & Specs: http://members.dca.net/jerelull/X-Main.html Our BVI Vacation trip FAQ (250+ Annotated pics): http://members.dca.net/jerelull/BVI.html

Response:

We own a house that we have rented out for about 15 years, and now I’m contemplating selling it to buy a (small) yacht.  We  have a significant capital gain on the house, thanks to California’s housing market in that time. Tax avoiding soul that I am, I’m trying to figure out how to avoid/defer paying the capital gain tax on the house.

If I were in your shoes I would be chatting with my CPA. — DAVe http://personal.mia.bellsouth.net/mia/d/r/drsi/

Response:

If I were in your shoes I would be chatting with my CPA.

Well, if I had one, I would, but I don’t.  I do plan on engaging a CPA when/if I actually get closer to selling the house for a boat, but for now, I’m just trying to understand my options. Thanks –Bob

Response:

If I were in your shoes I would be chatting with my CPA. Well, if I had one, I would, but I don’t.  I do plan on engaging a CPA when/if I actually get closer to selling the house for a boat, but for now, I’m just trying to understand my options. Thanks –Bob

A few years back my CPA indicated that the laws were recently changed because of the california market and you now can get some 250,000 increase before having to pay any taxes. As I remember the conversation. — DAVe http://personal.mia.bellsouth.net/mia/d/r/drsi/

Response:

We own a house that we have rented out for about 15 years, and now I’m contemplating selling it to buy a (small) yacht.  We  have a significant capital gain on the house, thanks to California’s housing market in that time. Tax avoiding soul that I am, I’m trying to figure out how to avoid/defer paying the capital gain tax on the house.  Anyone on this newgroup know if a rental house qualifies for a tax deferred exchange (I think that is/was called a Starker exchange) if the proceeds are used to buy a yacht for charter? (like the Moorings buy-a-charter-yacht program I see them advertise in the glossy boating magazines.)

I’m not a tax accountant or attorney, nor do play one on TV, but I believe you might fail the "Like Kind" requirement of a 1031 exchange: painting for painting, residential property for commercial property, and so forth.  Also has to be located within the US. A quick search brought up this (sadly) commercial site that seems to explain the basics well: http://www.starkerexchanges.com/ Still, boats can qualify as second homes and if the boat’s chartered out of FL or Puerto Rico….. As opined by others: Get the advice of someone that really knows these things. — Jere Lull Xan-a-Deux — ‘73 Tanzer 28 #4 — out of Tolchester, MD Xan’s Pics & Specs: http://members.dca.net/jerelull/X-Main.html Our BVI Vacation trip FAQ (250+ Annotated pics): http://members.dca.net/jerelull/BVI.html

Response:

We own a house that we have rented out for about 15 years, and now I’m contemplating selling it to buy a (small) yacht.  We  have a significant capital gain on the house, thanks to California’s housing market in that time. Tax avoiding soul that I am, I’m trying to figure out how to avoid/defer paying the capital gain tax on the house.  Anyone on this newgroup know if a rental house qualifies for a tax deferred exchange (I think that is/was called a Starker exchange) if the proceeds are used to buy a yacht for charter? (like the Moorings buy-a-charter-yacht program I see them advertise in the glossy boating magazines.)   My daydreams involve a large sailing catamaran in the Med or Caribbean, which we could use for a couple of weeks per year. I would not be looking to do this expecting to make any real money on chartering, I just want a boat and avoid those capital gain taxes. Any accountants or tax lawyers here know if this fits the rules for such an exchange? If so, could it later be converted to our permanent residence (live aboard), and could we avoid paying those capital gain taxes altogether? Legally? (I’m assuming that the long arm of the IRS indeed reaches into the Med or Caribbean, and I don’t want to pay penalties or go to "Club Fed".  I’m going to have enough trouble convincing the wife of the benefits of this idea as it is, much less learning how to navigate, anchor, trim sails, avoid hurricanes, etc…) Thanks –Bob

Response:

Question:

Granted.  But AccPac has been too big for it’s own britches for years. If the company cant keep the past 3 major versions up to date they should stop producing. __Stephen

– Hide quoted text — Show quoted text – Talk about unadulterated pap, just listen to yourself. Accounting software should not be considered an expense but as an investment.  If software companies released everything a user wanted with version 1.0 then we would all still be using VisiCalc, DB II and WordPerfect 1.0 and DOS 1.0. My comments about a software’s life cycle holds true for all software packages and vendors. When a product’s rev version has all the features an end user needs and wants, then by all means stop upgrading. What the user must realize is that those individuals charged with the responsibility of supporting these products can only be reasonably be expected to be current on perhaps the last two revisions of the software. Can you imagine what it would cost a software company in internal training costs if their new tech support people had to be knowledgeable in every version released over the last 15 years. Allan Martin Just listen to this nonsense. Anyone who would purchase Accpac has to be off his/her nut! More junk sold and sold and resold again forcing the users to shell out more bucks for upgrades and even product support. Shear unadulterated pap. Where did you hear that Accpac was no longer supporting 3.0? In any event, like all midrange windows accounting solutions, halting your upgrades at version 3.0 is ill advised. The life cycle of the product at version 3.0 was at the beginning and many improvements have been incorporated since its release. Version 4.2 will be available on September 1st so it is a little premature for me comment on the product at this time,  I expect to receive my demo shortly. (I am an Accpac dealer). The only thing I can say about version 4.2 is that if the promised performance increase only turns out to be 1/5 of the advertised increase I would be more than pleased, in fact I’ll be jumping for joy. As far a your old consultant (dealer) it is in his/her best interest to advise you to maintain your SupportPlus contract since they automatically receive a commission when you renew each year. I advise all my clients that the 15% of SRP for SupportPlus is a very good investment. By the way, because certain features were dropped from the Small Business Series with the introduction of version 4.1 had you been on SupportPlus,  you would have been entitled to a free upgrade to the Corporate Series. A not fot profit organization in the Mississauga (Toronto/Canada) area is looking for a reliable, reasonable accpac consultant who is familiar with the FR feature.  This organization is presently using Accpac for Windows version 3.0 small business series, and would like to upgrade. We do not have accpac support plus, would it have been our consultants responsibility to inform us that accpac no longer supports accpac version 3.0? Is accpac corporate series 4.2 also a memory hog like 3.0? What are your comments of corporate series 4.2 verses small business series 3.0? please reply to one of the following emails: Before you buy.

Response:

These were not minor releases, only the numerical increment of their numbering system. Version 3.0 was released close to 4 years ago. The next version however will be 5.0. I believe what is in question here is how they define support. From my past experience when Accpac says they no longer support a particular version, all they are saying is the source code will no longer be modified.

– Hide quoted text — Show quoted text – I consider any .X as a minor release and N. as a major release.  So to say they only support the last 3 minor versions, 4.0, 4.1 and 4.2,  to be quite lame. Does M$ support 95, 98, NT3.5, NT4.0 and Win2K.  I tink that Win3.x is no longer supported but that was 5 years ago.  How far back is 4.0 anyway ? __Stephen P.S. I still support a package from 93. Stephen The original poster is using version 3.0. Accpac has since released Version 4.0, 4.1 and 4.2. Allan Martin I rest my case, your Honor.

Response:

I consider any .X as a minor release and N. as a major release.  So to say they only support the last 3 minor versions, 4.0, 4.1 and 4.2,  to be quite lame. Does M$ support 95, 98, NT3.5, NT4.0 and Win2K.  I tink that Win3.x is no longer supported but that was 5 years ago.  How far back is 4.0 anyway ? __Stephen P.S. I still support a package from 93.

– Hide quoted text — Show quoted text – Stephen The original poster is using version 3.0. Accpac has since released Version 4.0, 4.1 and 4.2. Allan Martin I rest my case, your Honor.

Response:

Stephen The original poster is using version 3.0. Accpac has since released Version 4.0, 4.1 and 4.2. Allan Martin

– Hide quoted text — Show quoted text – Granted.  But AccPac has been too big for it’s own britches for years. If the company cant keep the past 3 major versions up to date they should stop producing. __Stephen Talk about unadulterated pap, just listen to yourself. Accounting software should not be considered an expense but as an investment.  If software companies released everything a user wanted with version 1.0 then we would all still be using VisiCalc, DB II and WordPerfect 1.0 and DOS 1.0. My comments about a software’s life cycle holds true for all software packages and vendors. When a product’s rev version has all the features an end user needs and wants, then by all means stop upgrading. What the user must realize is that those individuals charged with the responsibility of supporting these products can only be reasonably be expected to be current on perhaps the last two revisions of the software. Can you imagine what it would cost a software company in internal training costs if their new tech support people had to be knowledgeable in every version released over the last 15 years. Allan Martin Just listen to this nonsense. Anyone who would purchase Accpac has to be off his/her nut! More junk sold and sold and resold again forcing the users to shell out more bucks for upgrades and even product support. Shear unadulterated pap. Where did you hear that Accpac was no longer supporting 3.0? In any event, like all midrange windows accounting solutions, halting your upgrades at version 3.0 is ill advised. The life cycle of the product at version 3.0 was at the beginning and many improvements have been incorporated since its release. Version 4.2 will be available on September 1st so it is a little premature for me comment on the product at this time,  I expect to receive my demo shortly. (I am an Accpac dealer). The only thing I can say about version 4.2 is that if the promised performance increase only turns out to be 1/5 of the advertised increase I would be more than pleased, in fact I’ll be jumping for joy. As far a your old consultant (dealer) it is in his/her best interest to advise you to maintain your SupportPlus contract since they automatically receive a commission when you renew each year. I advise all my clients that the 15% of SRP for SupportPlus is a very good investment. By the way, because certain features were dropped from the Small Business Series with the introduction of version 4.1 had you been on SupportPlus,  you would have been entitled to a free upgrade to the Corporate Series. A not fot profit organization in the Mississauga (Toronto/Canada) area is looking for a reliable, reasonable accpac consultant who is familiar with the FR feature.  This organization is presently using Accpac for Windows version 3.0 small business series, and would like to upgrade. We do not have accpac support plus, would it have been our consultants responsibility to inform us that accpac no longer supports accpac version 3.0? Is accpac corporate series 4.2 also a memory hog like 3.0? What are your comments of corporate series 4.2 verses small business series 3.0? please reply to one of the following emails: Before you buy.

Response:

A not fot profit organization in the Mississauga (Toronto/Canada) area is looking for a reliable, reasonable accpac consultant who is familiar with the FR feature.  This organization is presently using Accpac for Windows version 3.0 small business series, and would like to upgrade. We do not have accpac support plus, would it have been our consultants responsibility to inform us that accpac no longer supports accpac version 3.0? Is accpac corporate series 4.2 also a memory hog like 3.0? What are your comments of corporate series 4.2 verses small business series 3.0? please reply to one of the following emails: Before you buy.

Response:

 Where did you hear that Accpac was no longer supporting 3.0? In any event, like all midrange windows accounting solutions, halting your upgrades at version 3.0 is ill advised. The life cycle of the product at version 3.0 was at the beginning and many improvements have been incorporated since its release. Version 4.2 will be available on September 1st so it is a little premature for me comment on the product at this time,  I expect to receive my demo shortly. (I am an Accpac dealer). The only thing I can say about version 4.2 is that if the promised performance increase only turns out to be 1/5 of the advertised increase I would be more than pleased, in fact I’ll be jumping for joy. As far a your old consultant (dealer) it is in his/her best interest to advise you to maintain your SupportPlus contract since they automatically receive a commission when you renew each year. I advise all my clients that the 15% of SRP for SupportPlus is a very good investment. By the way, because certain features were dropped from the Small Business Series with the introduction of version 4.1 had you been on SupportPlus,  you would have been entitled to a free upgrade to the Corporate Series.

– Hide quoted text — Show quoted text – A not fot profit organization in the Mississauga (Toronto/Canada) area is looking for a reliable, reasonable accpac consultant who is familiar with the FR feature.  This organization is presently using Accpac for Windows version 3.0 small business series, and would like to upgrade. We do not have accpac support plus, would it have been our consultants responsibility to inform us that accpac no longer supports accpac version 3.0? Is accpac corporate series 4.2 also a memory hog like 3.0? What are your comments of corporate series 4.2 verses small business series 3.0? please reply to one of the following emails: Before you buy.

Response:

Talk about unadulterated pap, just listen to yourself. Accounting software should not be considered an expense but as an investment.  If software companies released everything a user wanted with version 1.0 then we would all still be using VisiCalc, DB II and WordPerfect 1.0 and DOS 1.0. My comments about a software’s life cycle holds true for all software packages and vendors. When a product’s rev version has all the features an end user needs and wants, then by all means stop upgrading. What the user must realize is that those individuals charged with the responsibility of supporting these products can only be reasonably be expected to be current on perhaps the last two revisions of the software. Can you imagine what it would cost a software company in internal training costs if their new tech support people had to be knowledgeable in every version released over the last 15 years. Allan Martin

– Hide quoted text — Show quoted text – Just listen to this nonsense. Anyone who would purchase Accpac has to be off his/her nut! More junk sold and sold and resold again forcing the users to shell out more bucks for upgrades and even product support. Shear unadulterated pap. Where did you hear that Accpac was no longer supporting 3.0? In any event, like all midrange windows accounting solutions, halting your upgrades at version 3.0 is ill advised. The life cycle of the product at version 3.0 was at the beginning and many improvements have been incorporated since its release. Version 4.2 will be available on September 1st so it is a little premature for me comment on the product at this time,  I expect to receive my demo shortly. (I am an Accpac dealer). The only thing I can say about version 4.2 is that if the promised performance increase only turns out to be 1/5 of the advertised increase I would be more than pleased, in fact I’ll be jumping for joy. As far a your old consultant (dealer) it is in his/her best interest to advise you to maintain your SupportPlus contract since they automatically receive a commission when you renew each year. I advise all my clients that the 15% of SRP for SupportPlus is a very good investment. By the way, because certain features were dropped from the Small Business Series with the introduction of version 4.1 had you been on SupportPlus,  you would have been entitled to a free upgrade to the Corporate Series. A not fot profit organization in the Mississauga (Toronto/Canada) area is looking for a reliable, reasonable accpac consultant who is familiar with the FR feature.  This organization is presently using Accpac for Windows version 3.0 small business series, and would like to upgrade. We do not have accpac support plus, would it have been our consultants responsibility to inform us that accpac no longer supports accpac version 3.0? Is accpac corporate series 4.2 also a memory hog like 3.0? What are your comments of corporate series 4.2 verses small business series 3.0? please reply to one of the following emails: Before you buy.

Response:

Question:

When you look at the recent SEC SAB regarding revenue recognition, you will notice the SEC and the AICPA have the same revenue recognition criteria.

Actually, today’s New York Times has a pretty good article discussing the whole issue.  It appears that this wasn’t a total surprise, since there were questions raised by Howard Schilit last October and last month in Forbes about the way the company had been recording revenue on new contracts.  Neither of those items seemed to affect the price of the stock. In some ways, that makes the market’s reaction to this news somewhat amazing–and certainly suggests that, in the short run, the market isn’t rational but rather likes to deal in sound bites.  In the short run, making the earnings or revenue target appears much more important than underlying economics of the transactions.  And anyone in accounting *knows* that those figures are always, at best, estimates.

Response:

- Hide quoted text — Show quoted text – Perhaps if you read SOP 97-2 you will understand why they took the approach they did with software revenue recognition.  Additionally, there are at least 2 technical practice aids (and a 3rd about ready to be released) that discusses software revenue recognition.  Once you get past the actual pronouncement, and read the basis for conclusions, then you will be enlighted on the thought process.  I agree that the GAAP-makers don’t always make sense of some of the pronouncements, but I think the reasoning behind the current standard makes sense.  When you look at the recent SEC SAB regarding revenue recognition, you will notice the SEC and the AICPA have the same revenue recognition criteria. In my opinion, SOP (Statements of Position) 97-2 is either a dismally failed effort to communicate or a brilliantly successful effort to obfuscate. Considering the obvious intelligence of the people who wrote it, I suspect it is the latter.

I skimmed through Wiley’s commentary on SOP 97-2 overnight (this is tax season, and I do taxes) and discovered I knew more about it than I realized.  SOP 97-2 ties back to Accounting Research Bulletin (ARB) 45, Long-Term Construction-Type Contracts, and SOP 81-1, Accounting for Performance of Construction-Type and Certain Production-Type Contracts, which are subjects I am knowledgeable about.  This stuff has been around for a while. Nevertheless, when you read the Forbes reports, you quickly realize that the MicroStrategy situation has nothing to do with accounting arcana.  It is simply an old fashioned timing scam. This is no doubt just the tip of the iceberg.  Wonder what comes next? Those of you who are interested in accounting arcana might want to spend some time at http://accounting.pro2net.com.  Among other things, you can get Wiley’s GAAP and GAAS online at a very affordable price. Does anyone know of a good online reference source regarding Accountant’s Standard Reports (specifically review and compilation)? — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

Response:

Perhaps if you read SOP 97-2 you will understand why they took the approach they did with software revenue recognition.  Additionally, there are at least 2 technical practice aids (and a 3rd about ready to be released) that discusses software revenue recognition.  Once you get past the actual pronouncement, and read the basis for conclusions, then you will be enlighted on the thought process.  I agree that the GAAP-makers don’t always make sense of some of the pronouncements, but I think the reasoning behind the current standard makes sense.  When you look at the recent SEC SAB regarding revenue recognition, you will notice the SEC and the AICPA have the same revenue recognition criteria.

In my opinion, SOP (Statements of Position) 97-2 is either a dismally failed effort to communicate or a brilliantly successful effort to obfuscate. Considering the obvious intelligence of the people who wrote it, I suspect it is the latter. Given that you "think the reasoning behind the current standard makes sense", and your statement to me that "Once you get past the actual pronouncement, and read the basis for conclusions, then you will be enlighted on the thought process", you might want to assist with my enlightenment (along with the rest of the proletariat who reads this stuff).  In English, just what is the reasoning behind  SOP 97-2 and how does it make sense? I considered posting John Wiley’s on line commentary regarding SOP 97-2 as part of this response, however it is copyrighted, as is the SOP itself.  If there is sufficient interest, I could email John Wiley a request to permit such a posting. — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

Response:

Perhaps if you read SOP 97-2 you will understand why they took the approach they did with software revenue recognition.  Additionally, there are at least 2 technical practice aids (and a 3rd about ready to be released) that discusses software revenue recognition.  Once you get past the actual pronouncement, and read the basis for conclusions, then you will be enlighted on the thought process.  I agree that the GAAP-makers don’t always make sense of some of the pronouncements, but I think the reasoning behind the current standard makes sense.  When you look at the recent SEC SAB regarding revenue recognition, you will notice the SEC and the AICPA have the same revenue recognition criteria.

– Hide quoted text — Show quoted text – A Wall Street darling, Microstrategy, is bleeding today having lost over 50% of its value in one day. They had to reclassify recogized revenue back on deferred side of the balance sheet for the past two stellar growth years. My question to the group, is there a reliable source on the internet that would shed the light on the FASB and SEC interpretation for the recognizing the revenue of software companies. What is the ultimate collectibility of license fees of a software product? What is the average life of a contract? How do you move down the scale of recognizing collected cash only to recognizing revenue for a product that hasn’t even been built (ie coded)? Does anyone know more detail on this? Not that investors care…;) greg In the "old days" we had a way of dealing with this sort of thing – we matched cost with revenue. In this new age, given the reckless greed of investors, the roguishness of the big five, the incompetence of the AICPA, and the pusillanimity of the FASB, I see no answers – short of a federal takeover of the market – and who wants that? Eventually, this sort of thing will collapse the entire market. Hopefully, before that happens we will have a few spectacular implosions that will wake us up while there is still time to do something about it. — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

Response:

A Wall Street darling, Microstrategy, is bleeding today having lost over 50% of its value in one day. They had to reclassify recogized revenue back on deferred side of the balance sheet for the past two stellar growth years. My question to the group, is there a reliable source on the internet that would shed the light on the FASB and SEC interpretation for the recognizing the revenue of software companies. What is the ultimate collectibility of license fees of a software product? What is the average life of a contract? How do you move down the scale of recognizing collected cash only to recognizing revenue for a product that hasn’t even been built (ie coded)? Does anyone know more detail on this? Not that investors care…;) greg * Sent from RemarQ http://www.remarq.com The Internet’s Discussion Network * The fastest and easiest way to search and participate in Usenet – Free!

Response:

- Hide quoted text — Show quoted text – A Wall Street darling, Microstrategy, is bleeding today having lost over 50% of its value in one day. They had to reclassify recogized revenue back on deferred side of the balance sheet for the past two stellar growth years. My question to the group, is there a reliable source on the internet that would shed the light on the FASB and SEC interpretation for the recognizing the revenue of software companies. What is the ultimate collectibility of license fees of a software product? What is the average life of a contract? How do you move down the scale of recognizing collected cash only to recognizing revenue for a product that hasn’t even been built (ie coded)? Does anyone know more detail on this? Not that investors care…;) greg

In the "old days" we had a way of dealing with this sort of thing – we matched cost with revenue. In this new age, given the reckless greed of investors, the roguishness of the big five, the incompetence of the AICPA, and the pusillanimity of the FASB, I see no answers – short of a federal takeover of the market – and who wants that? Eventually, this sort of thing will collapse the entire market.  Hopefully, before that happens we will have a few spectacular implosions that will wake us up while there is still time to do something about it. — Jim Hudspeth, CPA – http://home.att.net/~jdhcpa/mainpage.html – Washington, USA Associate Member, Association of Certified Fraud Examiners

Response:

Question:

I’m looking at Solomon Accounting and Project Management software and would like to hear from users about their experiences with the software and their implementation process. Thanks

Response:

Try SunSystems accounting software. It’s 100 times better. Sincerely Vyacheslav Lifits

– Hide quoted text — Show quoted text – I’m looking at Solomon Accounting and Project Management software and would like to hear from users about their experiences with the software and their implementation process. Thanks

Response:

I’m looking at Solomon Accounting and Project Management software and would like to hear from users about their experiences with the software and their implementation process. Thanks

Jay, Have you considered any other software packages? We have an Access based accounting/business management software that is customizable either by you or us. Please contact us. Brad Brown, MultiMedia Inter.com *** "Your computer should work harder than you do" *** For information about MS Access-based business systems, call 410-535-7591 or Visit our web site at http://www.mminter.com * Sent from RemarQ http://www.remarq.com The Internet’s Discussion Network * The fastest and easiest way to search and participate in Usenet – Free!

Response:

Question:

Hi,     We are a law firm in need of a small computer program which will reduce a sum of money payable in the future to its present value.  The issue comes up in the context of structured settlements.  To some extent, we could use a program which will calculate structured settlements into the future, but primarily and mostly we need a simple computer program which will reduce to present value.  Do any of you accountants know of such a program? John W. Sharp

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| Hi, |     We are a law firm in need of a small computer program which will reduce | a sum of money payable in the future to its present value.  The issue comes | up in the context of structured settlements.  To some extent, we could use a | program which will calculate structured settlements into the future, but | primarily and mostly we need a simple computer program which will reduce to | present value.  Do any of you accountants know of such a program? | Any spreadsheet software (excel, lotus) can do this if the user knows the proper functions.  TValue is also a good program for these calcs.

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I am using Dac Easy Accounting Version 8.  I have been on Dac Easy for over 11 years and have a big customer list (2000+), as well as histories. I last year opened a second location and have to enter all data seperately for each location. I would like to be able to consolidate my entries because same customers and vendors at both locations.  If could consoldate would be able to send one statement to customers, and one check to vendors. I would like to do this while keeping expenses etc seperate bookwise. Is this possible, if not is their another system that can read the Dac Easy info that I can convert to? Thanks

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John: Consider modifying your chart of accounts, to keep track of sales, costs and expenses by location.  In this manner you can have consolidated customer, vendor and item files. Paulette — SBS Associates, Inc. specializing in accounting and information systems www.sbsassociates.com – Hide quoted text — Show quoted text – I am using Dac Easy Accounting Version 8.  I have been on Dac Easy for over 11 years and have a big customer list (2000+), as well as histories. I last year opened a second location and have to enter all data seperately for each location. I would like to be able to consolidate my entries because same customers and vendors at both locations.  If could consoldate would be able to send one statement to customers, and one check to vendors. I would like to do this while keeping expenses etc seperate bookwise. Is this possible, if not is their another system that can read the Dac Easy info that I can convert to? Thanks

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just a general inquiry as to general work opportunities (i.e. not super-technical programming jobs etc.) in Vietnam…what they’re like, what pay is like, visa situation etc.  I know its a pretty general question, but Im sure there’s some people out there who have taught english or done something of the sort…

Just got back from 3 weeks in Hanoi.  I can’t really say much about any other jobs, but it is pretty easy to get jobs teaching English.  In fact, they are STARVED for native speakers of English, and teaching opportunities are plentiful.  The Vietnamese are really excited about learning English. I had two American friends who were teaching English in Hanoi, and they said they got started by just going to schools in the evening and hanging around until someone came up to them (to look for schools just look for huge concentrations of bikes and scooters).  They got hooked up with various schools, and they were also able to set up "private classes" on their own.  They were getting paid roughly $8 US an hour for their private classes.  There really are  many opportunities to teach.  We sat in on a bunch of classes and the Vietnamese people were really enthusiastic.   In Hanoi, you can also volunteer at the English language daily the Vietnam News.  Their "news" coverage is somewhat ridiculous, but the work is easy (basically, rewriting poorly translated English into something coherent and readabable) and if you work around 20 hours a week you get paid.  It’s a mellow place to hang out, and you can also check the AP wire and read stuff while you’re there (you have to be helping though; you can’t just bust in and start reading stuff). Visas ARE a problem, however.  YOu can get a couple extensions on your tourist visa (two, I think), but then after that you have to leave the country, get a new visa, and then come back.  My friends tried very hard to get business visas, and no one would sponsor them for fear of a future police problem.  It was a drag.    Overall, if you’re into it, I’d say Hanoi would be a nice stop for a working stiff.   Butch

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just a general inquiry as to general work opportunities (i.e. not super-technical programming jobs etc.) in Vietnam…what they’re like,

When I wast in Hanoi this past March, it didn’t look like there were major opportunities, at least none that would pay too well. (Please note I was only there for a few days on holiday, so I’m not an expert). The areas that seemed to have the most activity were small shops selling arts/crafts to tourists, CD rip-off shops, video-houses, import/export people moving goods in/out of the country. I did see a couple of western accounting firms (Arthur Andersen) with little shops there. Your best bet would be to teach english there. I heard that a group of women was doing so in Haiphon (north on coast). Ho Chi Minh city in the south is much more commercialize/western (and crazy), whereas the north is still a bit behind, making it much more pleasant to stay in. Also check out the soc.culture.vietnamese area, which gets 300+new posts/day. Lots of Vietnamese folks there. Good luck — The Volunteer Center of San Francisco 1160 Battery St. #70     San Francisco, CA 94111  USA Vox 415/982-4663      Fax 415/399-9214

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: just a general inquiry as to general work opportunities (i.e. not : super-technical programming jobs etc.) in Vietnam…what they’re like, : what pay is like, visa situation etc.  I know its a pretty general : question, but Im sure there’s some people out there who have taught : english or done something of the sort… There’s lots of internal competition for general work.  The pay scale isn’t anything like you’re used to.  Unless you can convince a multinational opening a rep office, the UN or an NGO organization that you are worth hiring, it may be rough. Then again, you never know…  Maybe others will be more optimistic. Chris Northcutt San Francisco, CA

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just a general inquiry as to general work opportunities (i.e. not super-technical programming jobs etc.) in Vietnam…what they’re like, what pay is like, visa situation etc.  I know its a pretty general question, but Im sure there’s some people out there who have taught english or done something of the sort… plus Im presently unemployed and anything sounds pretty decent right now!

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