Rebirth 79: I opened a bank in the United States

Chapter 114 Tax Lawyers and Accountants

The time for the Carter family to go home, according to the Chinese concept, is to leave their hometown and return to the city on the first day of the Lunar New Year.Quite a bitter taste of social animals.
After crossing Mississippi and Alabama, the Carters arrived in Douglas on December 12.

Facing the children running and playing in the streets, Carter returned home, but was kicked out of the house by Jenny.In Jenny's words, go to work as soon as you come back, and quickly turn possible profits into affirmations.Even if you can't make a profit, don't lose too much.
This made Carter dumbfounded.Although the market is open today, there is no such rush!Now the gold market is not bad, and it can appreciate in value if you hold it in your hands.

Regarding this point, Carter told Jenny on the way, but she didn't listen at all.On the contrary, he plausibly said that even if he doesn't sell it now, he should prepare it in advance, but what can he prepare?The futures contracts are stored in Kidd's account, but not in Douglas.
Carter, who couldn't hold back Jenny, could only wander around Douglas after leaving the house.Strolling from 12th Street, where his home is, to 37th Street, which is close to the west of the city, Carter gave up the idea of ​​visiting Kazim's house after a little thought, and walked back to the bank again.After closing the door, a person came to the office on the second floor, half lying down, recalling what he had seen and heard along the way.

After wandering around for a while, Carter was not completely fruitless, and he really became an American version of Gai Liaozi.While strolling, especially as he passed the stores, Carter took note of what the people in Douglas were spending.The Christmas period in the United States is similar to the New Year’s Day in China, and it is a very typical peak consumption season.

Under normal circumstances, the turnover of general stores in December can at least increase by more than [-]% compared with November, and it can be close to or even completely doubled compared with October.

But in the observation just now, Carter found that people's consumption this year is obviously much less than the previous years in the memory of the original body.The number of customers in supermarkets and stores is not small, but per capita consumption has dropped significantly.Especially in children, it is most obvious.
Snacks such as chocolates are almost always bought piece by piece.The whole box or gift box of chocolates has hardly been touched by anyone.

Carter has always believed that compared with adults, the purchasing power of children on snacks can better reflect the real consumption level of a place.After all, for adults, firewood, rice, oil, salt, soy sauce, vinegar and tea are must-haves; gifts such as tobacco and wine are also indispensable in the way of the world. Real consumption power reflects.

The adults earn more, and the pocket money for children will naturally be higher.At least during this kind of New Year's Eve, children will be given more pocket money so that they can spend the festival happily.Only when the economy is bad and there is no money left after meeting basic consumption, adults will be mean to children and reduce their snack spending.

However, the discovery of this point does not play any substantive role for the current Carter except to add to his worries.In a blink of an eye, another five days passed, and it was the last day of 79.

At the end of 79, the rise of gold has finally caught the attention of many caring people.Perhaps it was inspired and influenced by the soaring price of silver: "I can't buy silver, so I just buy gold, and I can keep capital and increase value!"

After the resumption of the market on the 26th, the trading volume of gold has risen sharply. Whether it is spot or futures, compared with the trading volume before the holiday, there has been a very obvious increase.

By the first trading day after New Year's Day in 80, that is, on January 80, 1, the price of gold had reached a high of $2.The price of gold rose by exactly $634 an ounce when Carter bought it
"Carter, do you decide to sell?"

"I. I'm not sure"

With the example of throwing silver earlier, Carter is really hesitant now.He could smell the danger behind this price, but the greed in human nature made Carter unable to make a decision.

Most of the trading volume that has been going up all the way is buy orders, and there are very few sell orders.If you sell the contract at this time, it can be said that there is no difficulty in getting rid of it. Even in this kind of long market, as you increase your trading volume, as long as you don't sell all at once, you may be able to push up the price a little bit, no matter how small it is. Earn a little more Franklin.

But the same problem came up. The current transaction situation and the unit price of gold were like a little devil, dancing around Carter's mind while chanting:

"Don't throw it! Don't throw it! It can still go up! Look at the market, isn't it stupid to sell it now? Don't you want to be like Baiyin, watching others eat meat while you drink soup?!"

At this time, another angel popped up from the other side of Carter's mind:
"Enough! That's enough! If you sell it now, you can already recover more than 2000 million, pay off the debt, remove the handling fee, etc., you still have about [-] million left, what else do you want?!"

Then the little devil said:
"Did you forget about taxes?!"

"If you are not sure, just wait! Wait another day and see. In addition, you can now consider hiring a full-time accountant, or tax consultant, and tax lawyer. Don't feel bad about the money, you must hire a good one, no. You You can’t hire top-notch ones yet, so find accounting firms and law firms to serve you, with their help, you can save a lot of money!”

"You're right, I don't feel bad about it. Do you have any recommendations?"

When communicating with Goodman on tax law issues, Carter learned a piece of information.That is, the number of tax lawyers in the United States is almost more than the lawyers in the whole of China.In the future, nine of the top ten law firms in the United States will have tax law services, and the top three law firms will have tax law services as their core business and trump card business.

For wealthy Americans, having an accountant, financial and tax consultant on the left hand and a tax lawyer on the right hand is completely standard!To put it bluntly, this is the double-bonus red stick under the hands of rich Americans, heh heh, the second general
When I didn't have much money before, I was able to be honest and pay taxes that should be paid, but the amount was not large anyway.But looking at it, the investment income alone will exceed [-] million oh no, it is only [-] million at present.No matter how honestly he pays his taxes, Carter's heart will be aching.

Compared with the high tax rate stipulated in the U.S. tax law, it is not a loss to hire a lawyer and an accountant as much as you spend.What's more, to cooperate with law firms and accounting firms to provide services, relatively speaking, the single charge will be a little more expensive, which is much more cost-effective than raising two full-time "idle people" by yourself.

"Of course, in terms of tax lawyers, I recommend the law firm Kravis & Sven & Moore, which was established in 1819. In addition to tax law, they are also very good at serving general enterprises. Of course, the banking industry is not weak. In addition , it is worth mentioning that they are very good at dealing with mergers and acquisitions between enterprises, as well as bankruptcy and reorganization business. If you reach a cooperation in advance, it will be convenient for you for a long time in the future. In general, if you do not have the strength to hire full-time top talents for Before you serve, they are the most cost-effective choice.”

Listen to Julian and think of a future in which the funds rate is going to rise and a large number of small banks will go bankrupt.Carter nodded in agreement. When the time comes to annex those banks, it really needs the help of a law firm that is good at handling mergers and acquisitions.As for bankruptcy and reorganization, let's forget it, listen to the response
"As for accounting, there is nothing to say. Price Waterhouse, Coopers Lybrand, Deloitte, KPMG, and our native Arthur Young in New York. Just choose one of these five."

(End of this chapter)