TOP DRAWER INK NEWSLETTER

 

Here's the latest issue of Top Drawer Ink, the newsletter written by author HL Carpenter that's chock full of humor and common sense information.

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May 17, 2008
Volume 6, Number 10
ISSN 1554-6330

In this issue:

1. Carpenter Country
2. Top Drawer Article
3. Top Drawer Tips
4. Top Drawer Satire

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CARPENTER COUNTRY
What's Happening in Our Neck of the Human Experience

 

It’s a good thing the presidential race is heading into the final six month stretch because here in Carpenter Country, the short one is totally tired of listening to the candidates spout the same old rhetoric.

She’s heard enough talk about global warming, government bailouts and the trillions of dollars the budget is overdrawn to last a lifetime. She’s also heard enough jabber about what each of the campaigners would do to get the country back on track “as soon as they become president.”

But why do they have to wait until they become president?

If the seekers of higher office spent fewer hours on the stump and more time taking care of The People’s business – a job they’re already paid to do - Americans might not be losing their homes. Perhaps there’d be no deficit, no trade imbalance or a falling dollar.

It’s even possible Social Security would be on track, the infrastructure wouldn’t be crumbling, food and fuel might be cheaper, there’d be a fairly equitable health care system and a simplified tax code.

Wow - just think what great shape our country would be in!

On second thought, this could be one of those moments when we should be careful what we wish for. If the presidential hopefuls stopped politicking and had to sit behind a desk, who knows how they’d cast their votes or what sort of legislation might become law.

Hmmm – maybe hiking around on the campaign trail is the best place for them after all.

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TOP DRAWER ARTICLE

Choosing a Family Business Structure
by
HL Carpenter

 

You’re newly retired – but not quite ready for retirement. So you’re thinking of turning the hobby you and your spouse enjoy into a business. What type of business structure can you choose for your new family endeavor?

Read the entire article here

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TOP DRAWER TIPS
Topics and Tidbits

 

Tip: A family business must have a valid business purpose and a profit motive. Watch out for scams that claim you can set up a business and reduce your taxes by claiming personal and living expenses. These expenses are never deductible.

Glossary Term: Joint venture. A joint venture is typically a short term, limited purpose partnership engaged in for profit. Each partner contributes assets and shares risks. For tax purposes, a joint venture is generally treated as a partnership. Under the Small Business and Work Opportunity Tax Act of 2007, certain husband and wife joint ventures can elect to be treated as sole proprietorships.

Financial Horoscope: You’re in charge of your life, whether you’re in business for yourself or focusing on your career. Either way, there’s one sure route to success: Be kind to your boss.

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TOP DRAWER SATIRE

Exercising Ambition
by
HL Carpenter

 

You’ve heard the news reports: Physical and mental exercise is vital for overall health. Now researchers have discovered it’s equally important to exercise your ambition.

Read the rest here