I don"t understand the comments about taking a shoebox of receipts to the tax man, expecting him to work it out. My CPA gets over $200 per hour, so he gets a summary of income and expenses, and the acct book as a reference. Everything gets done in an hour. We also spend an hour in Dec in pre-tax planning. All my receipts are categorized throughout the year, and boxed when the year is up. I spend virtually nothing (farm related) outside of the checkbook (under $5 annually in cash), so the books are done through the check registers.
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Today's Featured Article - Oil Bath Air Filters - by Chris Pratt. Some of us grew up thinking that an air filter was a paper thing that allowed air to pass while trapping dirt particles of a particles of a certain size. What a surprise to open up your first old tractor's air filter case and find a can that appears to be filled with the scrap metal swept from around a machine shop metal lathe. To top that off, you have a cup with oil in it ("why would you want to lubricate your carburetor?"). On closer examination (and some reading in a AC D-14 service manual), I found out that this is a pretty ingenious method of cleaning the air in the tractor's intake tract.
... [Read Article]
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