Memorandum To:File From:Date:October 21‚ 2014 Re:Mi Amore – Reasonable Compensation Determination Facts Molly James and Isabelle Collins are owners of Mi Amore‚ a C Corp. They were audited and disallowed a deduction for compensation by over 1 million dollars. The auditor said the disallowance wasn’t based on the reasonable criterion‚ but rather‚ that the disallowed amount wasn’t intended to be compensation. Issues Can the IRS disallow a deduction for compensation without determination that
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Memo 1: eVade Pays Up 1. present obligation defer of liability 2. state law‚ so not a contingency 3. legal liability On March 31‚ 2012 Doing nothing: reason: yes there is a new tax rule of amnesty program‚ but it’s contingent on voluntarily resgister on prospective basis. If they didn’t file the paper work‚ they still may subject to $60 million. No legal reduction on the liability yet. Code: gain contingency‚ derecognition of liability extinguish405-40-1 On June 15‚ 2012 Memo 2: Talking
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To: All Staff From: Tan Noob Noob‚ HR manager Date: 10 Oct 2014 Subject: Leave Application through online system This memo is to remind all staff to apply their leave through the online system. Recently‚ HR department has received a few leave application forms. Staff should use the online application system to apply for their leave. This online system is set up by the company 6 months ago to make the leave application process more convenient and simpler. For those who not know how to apply online
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MEMO TO: Darlene Wardlaw FROM: Bradley Crumpler DATE: September 20‚ 2014 RE: Staffing Memo for the Apollo Shoes‚ Inc. audit for 12/31/2014 After reviewing last year’s (2013) 10-K filing with the SEC‚ the board of directors’ minutes‚ and other documents pertaining to Apollo Shoes‚ Inc. here is our initial recommendation for staffing requirements: Audit engagement partner * Audit manager * It audit specialist Tax partner Quality assurance partner Legal specialist Audit Staff * Audit Engagement
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Baby Girl: Preslee 0 Months: 1) Q: You are starting to notice that Preslee’s crying is rhythmic and moderately loud when she is hungry‚ wet‚ or cold. If she is startled‚ there is a sudden intake of breath and a loud wail‚ followed by more deep breaths and loud wails. A: You try to respond to the different types of crying by changing‚ feeding‚ or soothing little Preslee. 2) Q: Preslee spends most of her time falling asleep‚ sleeping‚ or slowly waking up. When she is awake‚ you take advantage
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MEMO DATE: November 11‚ 2012 TO: Dr. Cheryl Powers‚ Instructor Business Communications‚ Minnesota School of Business FROM: Rhonda DeRosa Melissa Gelder Sherry Stevens Kayla Huberty Scott Miller Virtual Team‚ Business Communications SUBJECT: Unit 5 Assignment—Virtual Team Project Proposal Memo Our team met via conference call‚ this week‚ to discuss how we will successfully complete our project and resolve any conflicts that might arise. We also discussed which
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MEMORANDUM September 7‚ 2012 To: From: Subject: The importance of segregation of duties for a small business This memo is in response to your concern of how your company’s performance improves effectively. A strong internal control will definitely play an important role to achieve your goal. The memo will first explain what internal control is. It is then followed by discussing segregation of duties‚ which is a key factor of internal control. I also include some examples of how duties
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MEMO To:Tony Reebok; NFL Jersey Inventory Manager From:Reebok; Inventory Planning Assistant Date:October 9‚ 2014 Re:Reebok’s NFL Jersey Inventory Solution The purpose of this memo is to address the uncertainty associated with the demand for NFL replica jerseys. Because of uncontrollable factors (unpredictable popularity and success of both teams and specific players)‚ demand fluctuates and is variable. In order for Reebok to have successful and efficient inventory planning‚ Reebok should
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To: Marketing‚ Staff From: Marketing‚ Director Date: 20 January 2013 Subject: Fallen Hero Monument Proposal Our men and women of the United States Armed Forces are every day roles models that protect the values our forefathers fought so hard to attain. As they confront terrorism aboard to protect our city streets‚ their actions have inspired many throughout the world to bear the title American. Though the fight to keep us free is not an easy task they stand ready and willing
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Investment Memo December 2‚ 2012 Having worked as a quant‚ I have a deep understanding of different quantitative strategies among several asset classes. In the equity world‚ quantitative strategies usually mean stock screens. While I believe in systematic investing‚ I also do recognize some pitfalls of algorithm-based stock screens. Thus‚ my investment goal is to develop a fusion strategy combining highly sophisticated quantitative and thorough fundamental portfolio management. The first step
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