------------------------------------------------- Tax Research Memo: Entity Selection Issue FROM: Mark J. Sobanski‚ CPA TO: Penelope‚ Mark and John. DATE: April 15th‚ 2013. SUBJECT: Entity Selection for the new business. Issue/ Considerations: It is desired to study the issue of how should the new business to be started by Penelope‚ Mark and John be structured? The related tax and non-tax considerations are as follows – I. The different forms of organization available to Penelope‚
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Daylight-Saving Time has been a controversial issue for the United States since it was adopted in 1966 (“Extra!: Daylight-Saving Time”). From the beginning Congress has had difficulties with the length‚ start date‚ and time of year that Daylight-Saving Time occurs. Though Congress has had problems with Daylight-Saving Time both now and in the past it is still hard to determine whether Daylight-Savings is for the greater good of the country or if it is an unneeded hassle. By examining the effects
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----------------------- ITC PAY Basis SSI – entitled to receive‚ FSI – received in Sg Current a/c interest – accrues evenly over time Fixed Deposit interest – date of maturity 1. Net Acc profit (before dep & tax) Expense Deductible N.D Charge to P/L Nothing Add Not charged Minus Nothing Revenue Taxable N.T Credited to P/L Nothing Minus Not credited Add Nothing Add: 10(1)(a) income not credited to P/L Expense charged for Non 10(1)(a) Less: Non 10(1)(a) income credited
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‘The law is an instrument of the ruling class.’ To what extent do sociological arguments and evidence support this view? (21 marks – 30mins) Traditional Marxists would argue that law making and law enforcement only serves the interests of the ruling class. Chambliss argued that laws to protect private property are the cornerstone of capitalist society. His argument was in regards to a case studied in Britain’s east African colonies. The British introduced a cash tax that if unpaid was a criminal
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and it has a multi-storey carpark which is to be naturally or mechanically ventilated. The air-conditioning system for the building is water cooled chilled water system. The cooling load of the system is greater than 500 RT. The purpose of this project is to recommend the building owner and the design team on developing the right strategies and presenting cost effective measures for the energy efficient component to secure the Platinum award. 2. Areas of Emphasis To achieve the
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utilization of leisure time. There is no doubt that our world is constantly changing. Nowadays‚ modern technologies take up very important place in our lives. “The last couple of decades have witnessed a formidable growth of various time-saving technologies‚ ranging from advanced multi-level time managers to e-mail‚ voicemail‚ mobile telephones and word processors; and yet millions of us have never had so little time to spare as now. It may seem as if we are unwittingly being enslaved by
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Levy for public purpose. To levy a tax means to impose or to charge or to collect a tax from those to whom it is addressed. Technically however‚ to levy is to pass on laws or ordinances imposing a tax or duty upon specific group of taxpayers. Under this concept‚ the impelling reason for the imposition of the tax must be the welfare of the public‚ in general. This follows that the proceeds from such imposition shall inure to the benefit of the public. In one case‚ a certain imposition was successfully
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Section 1: “Cigarette tax hike sparks panic buying” By Ashley Hall Updated Thu Apr 29‚ 2010 What is the main issue presented in the media report? Discuss what has actually happened: In the year of 2010‚ the Federal Government raised taxes on cigarettes by an extra 25 per cent‚ resulting in an increase price of $2.16 to every pack of 30 cigarettes. A proclamation stated by Prime Minister Kevin Rudd on the crackdown on Internet advertising of cigarettes was mentioned. Mr. Rudd also affirmed
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A 529 savings plan is a plan in which the student invests some money that they have in order to gain more in the future with those investments (Hopkins‚ 2011). The negative is that if someone was to invest and start a 529 plan‚ they would have to start early. Infact
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million dollars from 2010 to 2013. In the article “The Economic Case for Saving the Humanities” Christina Paxon makes an excellent argument in favor of supporting the Humanities studies. I have not given enough thought in the past but after reading this article I agree with her argument. She has made me realize how imperative the humanities studies are to society. She has given strong supportive evidence for how the humanities studies
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