CentreO Blog

So you have prepared the financial statements for a period of more or less than 12 months and are wondering how to complete the items of financial data? And whether the amounts should be apportioned or grossed up to show figures for a 12-month period?

The answer is it is not necessary to apportion/gross up the figures. To complete the items of financial data – use the amounts extracted from the Statement of Financial Position/Balance Sheet and the Statement of Comprehensive Income/Profit and Loss Account.

 

Let’s say your company has changed from a partnership into a sole proprietorship. Should this change be reported in the Profits Tax Return?

And here is what you should do: The profits/(loss) of the business for the full basis period of the year of change should be reported in the Profits Tax Return (BIR52) for the partnership file.

In subsequent years, the profit/(loss) should be reported in the Profits Tax Return (BIR52) or Tax Return – Individuals (BIR60) as the case may be.

We give flowers to each other for a number of reasons. They are traditional, fragrant and simply pretty.

But I have to admit that sometimes I have a hard time figuring out what flowerd to get and what the flowers can say.

It turns out that:

Bright-coloured flowers are usually given for birthdays and anniversaries.

Red colour (especially red roses) are associated with love and romance. Other flowers with a romantic subnote are carnations, lilies, orchids, tulips and, surprisingly, sunflowers.

 So what occasion calls for what flowers?

 Birthdays

As has been mentioned, birthdays usually call for bright colours. However, throughout time different flowers have been deemed related to different months of the year and represent the character of a person born in a particular month. F.e., someone born in September would receive an aster or morning glory to represent elegance and affection, whereas a lily or a hawthorn represents sweetness, purity and humility and should be given to someone who was born in May.

 Romance

As we have mentioned, roses are the most popular choice when it comes to expressing love. However different variations may express a  different intensity of romantic emotions. For examples a bouquet of roses convey love and devotion, making them the perfect gift for a wedding or anniversary. A single red rose symbolizes intense and  passionate love, whereas other flowers represent more subtle nuances of love (tulips, carnations, pink and orange roses)

 Flowers to Help Someone Get Well

When we hear someone is sick, it is customary to send bouquets of warm coloured flowers (yellow, orange, pink) and avoid “cold” colours (blue, purple, etc). Spring flowers are exceptionally popular as they represent the renewal of life: daisies, daffodils and buttercups.

 

 

 

2013 has officially left the building. But it has left us a lot of great things.  F. e. – The top 10 business books (as listed in a Forbes article of Dec 16^th)

The Billionaire and the Mechanic: How Larry Ellison and a Car Mechanic Teamed Up to Win Sailing’s Greatest Race, the America’s Cup, by Julian Guthrie.

Brick by Brick: How Lego Rewrote the Rules of Innovation and Conquered the Global Toy Industry, by David C. Robertson with Bill Breen.

The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters, by Gregory Zuckerman.

The Great Escape: Health, Wealth, and the Origins of Inequality, by Angus Deaton.

Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal, by Nick Bilton.

The Idealist: Jeffrey Sachs and the Quest to End Poverty, by Nina Munk.

I Invented the Modern Age: The Rise of Henry Ford, by Richard Snow.

The Everything Store: Jeff Bezos and the Age of Amazon, by Brad Stone.

One Summer: America, 1927, by Bill Bryson.

Trading Bases: A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order), by Joe Peta.

Enjoy!