The measure will not affect companies or property businesses, or businesses that are otherwise excluded from using the trading income cash basis, such as partnerships with a corporate member, limited liability partnerships, or businesses that have made a claim for farmers’ or artists’ averaging. General description of the measure We are all going to die. Most of us don’t know when. But what if we did know? What if we were told the year, the month, even the day? How would that change our lives? This measure goes further than was set out in the consultation document by completely removing specific restrictions on turnover, interest costs and losses in the cash basis. These changes aim to significantly expand the number of businesses that are eligible to use the cash basis, and aim to encourage businesses to use the regime if they are not using it purely because they would be affected by these restrictions. The Measurecharts the dawn of this new world through an unforgettable cast of characters whose decisions and fates interweave with one another: best friends whose dreams are forever entwined, pen pals finding refuge in the unknown, a couple who thought they didn’t have to rush, a doctor who cannot save himself, and a politician whose box becomes the powder keg that ultimately changes everything. Would you marry a short stringer? Date one? Have children? Do you open your box or would you rather not know? If you open your box do you tell your loved ones?

This story starts out with every living adult 22 years old and over, receiving a wooden box with a string inside. This indestructible string (and box), measures the span of your life. Therefore, the longer your string, the longer your life. People have gone into a panic. Some people continue on as normal, some choose to never even open their box. The media and politicians start to divide short-stringers and long-stringers. The country is divided, while others are growing closer together. Also, will there be ways in which we can switch our fate? The legislation setting generally accepted accounting practice as the standard method of calculating trading profits is at section 25 of the same act. The option to elect to use the cash basis is at section 25A, and the effect of such an election is described in section 31D and the remaining sections of Chapter 3A Part 2. The list of businesses specifically excluded from using the cash basis is at section 31C. This legislation will also amend Part 4 ITA07 to remove the restrictions on loss relief available where the cash basis has been used to calculate those losses. This will disapply the specific restrictions on loss relief under the cash basis and align the rules for loss relief with the accruals basis. In the support group, Maura argues that, “We never should have allowed them to start labeling people as ‘long-stringers’ and ‘short-stringers.’” Do you agree with her? Do you think it would create more division or strengthen community in society? There are two amazing love stories in this book ( if you include Gertrude’s, it will be three) a big twist at the end made me cry so much!As people begin coming to terms with their strings, violence at the hands of short-stringers increases and is extensively covered by the media. A shooting happens during Hank's shift at New York Memorial Hospital at the hands of a short-stringer. This leads members of the public to begin to question whether short-stringers have become a threat. Wes Johnson is initially the leading presidential candidate before the debate in which Anthony calls for string transparency. Wes is the only candidate of color and he has a short string. Johnson starts the Johnson Foundation to safeguard the rights of short-stringers. Captain Reynolds By setting the cash basis as the default method of calculating trading profits, this measure aims to remove administrative barriers to using the simpler regime, and seeks to formalise the behaviour of many businesses that currently use the cash basis without officially electing to do so. This change also aims to calm any concerns that taxpayers may have that the cash basis is not a ‘normal’ or ‘proper’ way of calculating trading profits. These admin burden savings are minimum estimates and may not include the full impact of the reductions in admin burdens identified above, in cases where it has not been possible to quantify the savings.

Yes, you may see some parallels between the Covid World, we are living in, and the one imagined here, but ultimately THIS story is about the EIGHT main CHARACTERS and the UNEXPECTED ways that their lives will touch one another. How would you react if one day you received a box containing a string that represented the length of your life? Would you open it? Would you leave it unopened? How would you react to its length? How or would your life choices change? Oh, I love novels that make me think… what if? You wake-up to begin your day like any other, but today you find a mysterious box outside your door. Inside is either a short string or a long string that measures the remainder of years in your life. Would you open your box? This measure is not expected to have any significant macroeconomic impacts. Impact on individuals, households and familiesThis story is clearly an allegory, meant to teach a lesson about what happens when humanity finds yet another way to divide itself. And the author is definitely passionate about her views, imbuing meaning into every thought and interaction between the characters. Unfortunately, it does come across heavy-handed and soppy at times, with everything so clearly spelled out for the reader again and again. Ben initially feels conflicted over telling his parents about his string, while Javier chooses to hide the truth from his. Do you think family members have a right to know about each other’s strings? After receiving short strings, many characters try to imagine the way they might die. If these characters received a second box telling them how they would die, do you think they would open it? This measure is expected to have a significant impact on 250,000 businesses that are estimated to move into using the cash basis as a result of these changes.