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Orono Weekly Times, 5 Dec 2001, p. 15

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Orono Weekly Times, Wednesday, December 5, 2001 - 15 Atom Reps (continued from page 6) Destined for the "C" Championship, Orono came up against a team from Tamworth. Tamworth came out fast and physical. After 1 period of play they were up 3 to 0. The Leafs had opportunities to even the score but came up against a hot goalie. Final score: Tamworth 4, Orono 0. Special congratulations to Tom Meester on being selected selected as the MVP for Game 3. Next game: Orono vs Millbrook, Friday 8 p.ni., Orono Arena. See you there! MB Have you seen Ginger? She has an orange and white coat. i live on Langstaff Road, north of Thertel. I haven't seen her since early July. If you have seen her, please call me (Sandy) at 983-6401. Carols in Newcastle The Christmas lights went on in Newcastle with much singing and fanfare Friday night. The choir from Crossroads Christian Assembly led the carol singing in the gazebo at the Community Centre, which was followed by the lighting of the lights and the arrival of Santa Claus. POETRY CORNER The Wonderful World of Golf As you step up to the "tee," And you start your backswing In this game of Golf, Remember one important thing "Eye on the ball." "Eye on the ball." Just one quick peek Down the fairway now, Head and shoulders straight. Feet lined up in a row "Eye on the ball." "Eye on the ball. " Your shoulders and arms Are now coming into play: So far it feels good. It's going to be a great day "Eye on the ball." "Eye on the ball." You look to left, And then to the right But that darned old ball Is lost in flight. "Eye on the ball." "Eye on the ball." You start to wonder - how could this be? And lo and behold Your ball is still on the "tee" 'To heck with the ball." To heck with the ball." Marvin Lunn Autumn Sings But Mostly Hums Ah! The fruitless bough, maple raining fire! Blossom to brine: another heady harvest. Praise the mighty pumpkin, gutted and disguised But soulful till it rots. Or anything dried, raisiny and rightly' shriveled. A grapey rose; turkish, sultana, Chilean. Who cares how fine a fig? Some juicy tears. Now let them sizzle, those plump plums Drunk with the desert, high on the sky. Seasoned, but all too stewed to steer. Bring me a head of cheese, a crusty crumb, A tiara of tomatoes. There'll be no lazy lamb, no randy roast But grant me the festering seeds of sunflowers... And cast no shadows across zuchinni, Nor loathe the eggplant. Leave me now ... this scraggly garden I am a step away from the squash. , Marci Tordiff 2001 The Orono Weekly Times is interested in your opinion Call: 983-5301 odwQrdmn Christmas ien Cotise at THE BOWMAN VILLE MUSEUM 37 Silver Street Friday,. December 7th, 7:00 - 9 :00pm Saturday & Sunday, December 8th & 9th, 1:00 - 3:30pm gfflg «&» ^ ^ FREE ADMISSION • REFRESHMENTS • ENTERTAINMENT • Call (905) 623-2734for more info Accounting Corner «( advertisement) I babysit two of my neighbors kids during the week. I've never claimed this on my income tax. Should I? A The bad news is, technically, yes. All income is subject to the tax man. The good news is that you would be allowed to write off all related expenses relating to this income. Related expenses would be all car, house and direct care expenses. Car expenses (gas, oil, insurance, tires, lease, etc.) are allowed but prorated for the portion you drive these kids. If 10% of all your driving was driving these children to school, events, lunches, or other related activities, 10% of all car related expenses are deductible. House expenses (insurance, taxes,. mortgage interest, heat, hydro, water, etc.) are allowed, prorated over the floor space of your home available for the babysitting services, br other words, if you used a room that was 5% of your house floor space exclusively for babysitting, 5% of all the household expenses would be tax deductible. A special rule applies to these expenses, allowing these household expenses used for babysitting to take you into a loss (normally, (normally, household expenses cannot be used to increase or create a loss). Direct expenses are always deductible. These include advertising, craft supplies, meals fed to the kids (10.0% deductible), and any books, videotapes or computer games purchased for these children to use. If these expenses are deducted form the money you collect for babysitting and a profit results, you have to declare this money on- your income tax return. However, if a loss results, you can use this to reduce your other income and possibly trigger a refund. For example: If you earn $2,000 for babysitting, have deductible car expenses of $500, house expenses of $1,500 and crafts, supplies and meals of $500 for the year, you would show a $500 loss, on your income tax return, applied against other income. This could trigger a refund of $ 125 to $250 depending on your tax bracket. bracket. Even if there was no other ■ income, this can be applied forward or backwards against other years in which you had taxable income, triggering a refund. One word of caution however: however: If the children you babysit are relatives, or you also take care of your own children at the same time, you must make sure the numbers are adjusted to reflect only the business portion. The •above article is for general purpose information only. Before acting on this, or any other information, information, readers shoulâ seek competent professional advice. Mark L. Hendrik* Chartered Accountant • Certified Financial Planner • Accounting and Auditing • Computer Consulting • Planning & Taxation Services for Businesses, Individuals, Corporations, Estates and Farms • Business Start-ups • Free Initial Consultation 37 King St. West, Newcastle, Ontario LIB 1H2 Fax: (905) 987-9809 • Phone: (905) 987-0570

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