Friday, 27 January 2017

Originally Posted on Facebook: - Planning and Development Tip - Jan 27, 2017 - 001 Practice of Skills and Use of Knowledge

Every so often I try to incorporate areas of learning from other times in my life and bridge my skills of today with my skills and knowledge from the past... So with this perspective I decided to write about one of my observations from a walk which I would take off the beaten track.
In writing the observation, I decided to try to:
Develop the information to act as a possible case study for a Master's in Business Administration Programme module,
Build some writing skills (I had to hand write the information to retain my speed of writing and other skills) and
I also decided to type the Observation in Word, using a Table of Contents format and double spacing to retain and develop the practice of my Microsoft Office skills.
After those practices,over a period of a week with lots of breaks I was able to both write and type the information,  I now have a nice document which I printed, with date and time mind you.
This exercise was very useful in that:
I was able to retain the discipline of sitting in one place without breaks except for urgent needs (at times), which is a skill which is required for the office environment.
In writing I relied on my memory to document what I saw.
In typing I developed some of the points and I applied other 'Word" skills such as linking within the document.
I was able to see where I was in terms of my commitment to learning and its ability to contribute to my future.
So here is my challenge for you:
Use your camera or walk with your notebook, take a break, either write and then type or create a document on some observation.
Understand that the process will take a bit of time because life is important to you and you may need to deal with family and other commitments.
Depending on where you are at, try to do at least one essay a month where you use a variety of skills to create something which will keep you mentally challenged.
This may be your future income earner or your mind saver!!! :) I hope it is enjoyable.

P.S. My observation was of a construction site, which is located near to a cemetery  which I had written about using research skills in Wikipedia. 

In hindsight I had attempted to develop some of the skills earlier by writing and including photos on the topic of growing cassava... I now have to find that document

Friday, 20 January 2017

Comments made in Facebook: Modified Doubles - January 20,2017 11:40 am

The following comment was made in response to a post on Facebook as to a modified doubles with chow mein, cheese, pepper.

Jennifer Bailey Rajesh Rattan:I think that may do well in POS,with the channa in a cup for extra protein.. 

Now we just need to move away from "stryotex" excuse the spelling and move into "branded reusable items"... Just perfect for that roti place on Park Street near to the old Globe cinema. 

Think "high end" for the person on the move, return with your container and get a refill. I get a healthy breakfast, lunch and I am good to go....

Monday, 16 January 2017

Originally posted in Wikipedia - Grenada & Guyana - FATCA - Jan 16, 2017

FATCA - Grenada

On June 30, 2014, Grenada signed a Model 1 agreement with the United States of America in relation to  Foreign Account Tax Compliance Act (FATCA).
https://www.treasury.gov/resource-center/tax-policy/treaties/Pages/FATCA.aspx

FATCA - Guyana
On June 30, 2014, Guyana signed a Model 1 agreement with the United States of America in relation to  Foreign Account Tax Compliance Act (FATCA).
https://www.treasury.gov/resource-center/tax-policy/treaties/Pages/FATCA.aspx

This Model 1 agreement ( Guyana's) includes a reference to the Tax Information Exchange Agreement (Clause 3) which was signed on July 22, 1992 in Georgetown, Guyana which was intended to exchange Tax information on an automatic basis.

In looking at the information on Page 1 of the agreements which were signed with respect to FATCA, I noted that there was a clause which identified A Tax Information Exchange Agreement with the USA, however there was no mention of such an agreement with Grenada.  I am not sure if there is a TIEA between CARICOM so I will keep looking and providing updates 

In the interim, I will keep looking at updates on FATCA as it relates to the Caribbean.

Here is the link to Guyana in Wikipedia https://en.wikipedia.org/wiki/Guyana Read and enjoy...

Sunday, 8 January 2017

Originally posted on Facebook - Wiring of Funds to other countries - Jan 8, 2017

The following are two statements or observations which I made on Facebook in response to a statement/statements which were made on a topic, which I will not repeat as the statement belongs to other persons and I am exercising care with respect to the person's reputation or the person's  intention in posting the statement.

"Well, with all due respect, being an outsider, perhaps you can check the country to which the funds were being sent... Banks accept money, not Ministries. Thus  a Ministry is the head of the depts, under which the Defense Force will be placed... Here is another perspective on this matter which I just saw, which I will be reading http://www.trinidadexpress.com/20170107/news/inshan-in-terror-link. It is noteworthy that in this day and age when the exchange rate for GBP is low when compared to the US$ being converted to TT$, that GBP is being wired, but can you advise as to the purpose to which the GBP was to be used in Somalia?"  Jan 8, 2017 - 9:03 am 
Update Jan 12, 2017: There was an inclusion of Somalia in the original statement, however there was another statement where the funds were to be wired to Aleppo.

"I do not think that the public is handing out any guilty verdict... From a practical point of view, are the funds being sent to be held for and to be used when the exchange rates change partly because coincidentally that will be the time the funds are needed and will be used for relief purposes? Remember each country has different concepts and laws on taxation, profits, gains and in some places Sharia is used where interest is not earned, however profits are earned and to a westerner, receiving a foreign currency when the rate is low and using it when the rate is much higher may be a benefit which may or may not be subject to tax. So there are many steps along the way which may need to be examined.... :) Just saying.... Just as it may not be practical to send the actual articles which are needed, in some places, that is what happens... Many times when we see someone in need on the street, we have a choice, do I buy a pastry and a drink for them or do I give them money, very often the food and the drink is what is given and we all know why :)Jan 8, 2017 - 9:18am

Upon reflection I realised that I tend to look at things from a business perspective and many times I am viewed as being hard hearted... However be that as it may, the above statements which I made, may reflect the following:
  1. Foreign Exchange Strategies in light of accounting and taxation. It is quite legal to purchase currencies and use them in your business when the rates are favorable to you or your venture. 
  2. The use of Taxation to "level the playing fields." If the above statements with respect to foreign currency were used in a business venture, then in Trinidad and Tobago, Business Levy would be payable on the receipts of the company, when the company is making losses, either as a result of:
    • Its foreign currency strategies, 
    • Changes in the foreign exchange rates over time, 
    • The benefits of purchasing and holding of inventory or
    • Cash collections 
The company may not be subject to Income or Corporation Tax as a result of those changes or business practices.

Banking Rules:  I would suggest that where a foreign authority disputes  the completion of a transaction on the grounds of "Terrorist Financing" that the funds be placed in a separate account and earn interest until the matter is resolved.  If there are elderly persons who are involved in the "giving of aid" perhaps the matter can be placed as a priority, to avoid them experiencing grief in trying times.

Foot note: I am an accountant by qualification and I learnt about hedges, futures and options as part of the ACCA curriculum when that was mandatory.

The soft side of my nature disagrees with the use of some of those concepts, some of the time, as I think that it is necessary to be fair to others most of the time. 

In real terms there are many taxation concepts involved in entering into those transactions, which may make such activity "copy writable".

copyright: Jennifer N Bailey
email: jennifernbailey24d@gmail.com

Originally posted on Facebook - Curriculum Vitae - Jan 8, 2017

Everyone tends to have opinions on topics on which they are the outsider to a field.... Now, one of my major "topics" is Curriculum Vitae or resume or job application documents... The experts weigh in and ask that you showcase your skills in such a way that you are either a fit for the job or not; software is used to scan the CV"s and phrases are identified and persons are short listed...
On the other hand, I consider the CV to be a representation of the person I am hiring. I think that as far as possible your income will match the details on the CV. So if you are blogging about gardening and there is a garden, the gardening may not reach the CV, however the blogging is listed there as a possible source of income and as an interest, or what is being done during other periods. So here is what I suggest:
  1. If you are investing in stocks and shares on the side in a company as you have a passion for that type of thinking, then include 'Investing Officer - part time - Company Y and the period for which you held the position. I think that once income was generated, skills gained, then include the information or vice versa.
  2. Don't rely on oral representations which are to be documented by another person and may not stand up to scrutiny after the fact.

So don't tell me, that my CV was not a one pager and I do not have relevant experience when some of the activities were classified differently because I worked in another "era" to put it nicely.

Go the extra mile, develop yourself and be fair to persons.... Let us stop putting some parts of our job requirements as the last, quickest thing that we do.

If we all get on the same page with the way we function, then less time will be spent in cleaning up and more time will be spent in doing valuable work...

I've been thinking: Small scale gardening 101

I've been thinking about expanding my garden through renting small areas in other persons yards.

Big league  on Home gardening would be a  Federation Park sized home where there is a good sized strip on each side of the house so much so that  I will start out with using one side of the house.

P.S. I have not seen the insides of a Valsayn property or a Lange Park property, however those would also be fantasy properties given the size of the land which surround those homes.

I will plant melongene,  ochro, cassava, pimentoes, beans, green bananas, and tomatoes. I know that each of these plants will grow at different times and produce in different quantities. Melongene, beans and ochro can be  the cash cows as once the plant starts bearing, cash will be generated within three months, once there is a  buyer for the products.  Pimentoes, tomatoes can be unpredictable as they are:

  • Easily affected by rain, 
  • May need some equipment such as cages to support the branches and
  • From a cash outflow point of view, there will be some debate on when  the cages are needed.
Now for needs:

  • Agreements/contracts, company formation & secretarial services, taxation - Now a company which is formed for a special purpose and which rents the land in a place like Federation Park, may not be seen as being economical as the rent may be astronomical in comparison to a place outside of the main areas of living, hence the company may make losses from the start. However, in looking at the cash flows of the company, one may have to look at whether the company is closed or whether there are participants outside of the main contributors  to the capital of the company or income generators or recipients of funds.
  • Reporting and Monitoring - This includes accounting and record keeping so as to have institutional knowledge for each company and venture. 
  • Plant & Equipment: 
    • Fixed assets: 
      • The cages for the tomatoes
      • Other protective pieces (stones, wire etc)
      • The tools  - gloves, shovel, hoe, rakes etc.
      • Water buckets (2 small paint buckets would  be a start if one person is doing the labour)
      • Wire fencing for bean plants if there are plans to expand the venture or enter into different product mixes.
  • Items to be included in Inventory and or allocated to expenses: the plants. If a plant is capable of producing other plants and I am keeping it as a "stock plant" then that may be a fixed asset. I have one large plant which can be separated and used for offices and other places, so I would consider that a stock plant.  Cassava, on the other hand, can function as a stock plant for income generation and as a producer of crops for sale, thus in accounting, I may need to be specialised and have observations of the count, valuation of plants or just recording them in the books and records. 
  • Vendors or Suppliers - 
    • Potting Mix: 
    • Mulch: 
  • Fertilisers: (peels ~ pumpkin, banana, used coffee grounds, egg shells ~ we are organic)
  • Epsom salts & large water bottles for when things are moving slowly.
  • Access to water 
  • Other facilities

Benefits:
The areas where the plants are placed, may require less cleaning and removal of grass as over time the lawn disappears... The plants spread and spread as you find other things to plant or as you plant things for the next season.

Sometimes when the plants are in bloom, the area becomes cooler and it is possible to put benches and relax under the shade or just read..

The ground in the area which is being planted appears to be differently colored as water is retained in the soil and is protected by the branches of the cassava or the melongene.

Some of us do not work with seasons and just keep planting, watering when the ground is dry and moving along.

Other Considerations:
Where persons are of the same mind, then some persons may work on the venture during the week with others doing the work on weekends.

In some ventures, one person may provide the cassava  and the bean plants which may change the expected life of the venture from a short term venture to a long term venture as some of these plants may last for more than a year if carefully nurtured and protected.

In some ventures, the costs are shared as there is the expectation of sharing of profits.

copyright: Jennifer N Bailey
email: jennifernbailey24d@gmail,com

Saturday, 7 January 2017

History Repeating itself - Jan 7, 2017

A few years ago, when there were discussions with Greece and talks of the bailout of the banks were the highlight of the news, I posted on this blog about persons growing tomatoes and melongene and attempting to have food in their back yard just to have a food supply as I had been attempting to imitate my brother in law's practices.

As luck would have it, things at our home changed over the last three to four years and about two years ago I started experimenting with growing crops.

My first successful harvest was pumpkin which my mother had managed to see before everyone else. I managed to get  that one massive pumpkin from a vine that seemed to meander all over the yard. I watched the other little baby pumpkins shrivel and die on the stalks, not knowing why.

Perhaps I should have invested in a water spout and watered them with a hose or some form of heavy watering just to attempt to save them. This, one pumpkin became the source of "fried pumpkin", pumpkin soup, pumpkin in peas, frozen pumpkin. I was contributing  to the food in the house and there was something to eat.

I also had  two "pigeon peas trees" which I had grown from small shoots. Attempting to keep them organic and with too little effort they died after being full grown. One was cut by accident by  the yard cleaner and another died after being blown down by heavy winds.

My consistently successful harvest has been  green beans and cassava. I started growing cassava in the dry season,  watering it  to keep the soil moist and almost every plant has yielded small amounts which I have shared so much that I love to harvest the crop, just to have something to give to my sisters and other family members.

 The second  green bean plant, (the first one was cut down by a gardener) has lasted for close to a year plus some months.  It's main vine  was protected by a piece of metal frame placed as a barrier against the fence on which it runs. This vine has yielded enough to share even more than the cassava, the branches have been pruned, peels have been added time and time again to nurture it. It has benefited from the shade of some green banana trees and  I hope to revive it as it has provided sustenance over time. There has been curried beans, beans with saltfish, fried beans with a slice of cheese, with roti or rice and for all of that  I am thankful.

Melongene, which I started with about six plants has been an on and off producer. Again using an organic approach I have had small produce which I can pick to use at home.  Right now, my last surviving plant has about six melongene in various stages of growth and I have not been able to secure new plants to put into the soil. With the current  weather being more dry than rainy, I would need the cassava to grow to a height where the spread of the branches will provide some shade for the melongene if I expect those plants to survive  the dry season. P. S. Melongene is also called Eggplant and comes in different types, sizes and hues

Over time, I have come to love roast melongene, melongene with onions, carrots, mushrooms, seasonings and some ketchup or tomato paste.  Herbs (Herbs de Provence) add just the right amount of flavour when I feel like eating vegetarian. Prior to the current period, once I made pepper shrimp (a Chinese dish) and added it to the melongene mixture, the flavor of the sauce adding oomp to a dish that I may have gotten tired of, over time.

However back to the long suffering Greeks... Mulch can be added around the roots of the plant to protect the soil. If you have gardeners or high winds, then a circle of rocks may provide some protection for the plants. When watered, mulch keeps moisture in the area and if you water the plants in the evening, then there will be a twelve hour period in which the plants can absorb the water before the sun starts drying them out.

Nutrients, such as peels can help the plants instead of fertilisers which can burn the leaves and the roots of the plants in dry weather. If needed, a good heaping amount of potting mix when added to the existing soil, will nourish the soil. Mulch will break down over time and will need to be replaced, however it adds to the soil content so you end up retaining some of your soil, protecting some of your plants and adding to the soil.

I wonder how cassava will perform across there in Greece, as it can be used to create a  flour which may be used to make pasta... The tough choice comes when you have to choose between eating a piece of boiled cassava or saving it to make flour..... My cassava is yellow and it can be mellow many times when boiled....

I guess with hind sight, the moral of the advice to plant food crops is as follows:

In times of inflation, when the purchasing power of money is decreasing or when there are scarce food supplies, home grown food provides just a little buffer against scarcity and rising prices.

I am not sure anyone can ever provide for all of their needs and there may be a need to buy other food items however if you treat the power to purchase as one where you will defer the act until the latest possible moment to retain your cash, then your money may earn interest which over time which may be compounded.

In a country where VAT is charged on items, purchasing raw materials, such as the unpeeled, open potato, the raw unseasoned chicken in a plastic bag means that you spend less for food as these items may not carry VAT. Flour, very often does not carry VAT, however other food choices may and your money will be spent much faster than you think, leaving you with less to save.

I am not sure how the sales tax system works, however our system for VAT works on limits, such as the value of sales, which may have a small company  be not registered for VAT and either have to absorb the VAT or pass it on to the consumer... You may think that the items in the small companies may stay awhile, however those places tend to cater for the "daily paids", the "weekly paids"  the retired persons and they package their items to allow those persons to be able to buy items which will last for several meals. The chain store may carry some similar items at the same price and there may be other savings, however everyone may not be living in close proximity to the chain stores and the price of transportation may impact on the choices of many persons..

Let us hope that this year will be a better one and if it is not, then may God help our souls to become better for the experience.

copyright Jennifer N Bailey (amateur gardener,  past student in: A' Level Economics & Accounts, ACCA Economics & Accounts and one day MBA economics student)
email: jennifernbailey24d@gmail.com