BUSINESS/TAX RESEARCH ASSIGNMENT 1. For the Tax year 2004‚ is SK eligible to switch from the accrual to cash method of accounting under Rev. Proc. 2001-10? This revenue procedure applies to taxpayer with "average annual gross receipts" of $1‚000‚000 or less. Since SK ’s average annual gross receipt is greater than 1‚000‚000 for 2004 therefore SK is not eligible to switch from the accrual to cash method of accounting. ( Rev. Proc. 2001-10‚2001-1 CB 272) 2. For the tax year 2004‚ is SK eligible
Premium Taxation in the United States Tax Income tax in the United States
no complex paperwork. The business and the owner are the same person in law. The sole trader does not have limited liability which means that they are responsible for all the debts of the business. The sole trader has to produce an annual accounting return for the Inland Revenue. 2. Partnerships are set up by a Deed of Partnership which is a document made out by the partners and witnessed by a solicitor. This Deed sets out the legal relationship between partners e.g. how profits will be shared out
Premium Management Organization Formal organization
Assignment Title Corporate Social Responsibility (CSR) is fast becoming a benchmark for the image of any company. Describe a Singapore based company’s (franchise / franchisee can be included) CSR initiatives and how it has benefited the organization and consumer. Use CSR approaches‚ Human Resources involvement‚ Risk Management‚ Brand differentiation and CSR role in building customer loyalty. Table of Contents Assignment Title ____________________________________ Page 1. Table of Contents
Premium Seafood Corporate social responsibility Marketplace
a process guided by the environment. Organization needs to change its structure as well as the system to meet the goals and the mission. Basically‚ Organizational change is in subject to organization structure change‚ as just opposite of smaller changes just like recruiting a new employee‚ modifying and altering an equipments and machineries etc. Organizational structure change can be included a change in vision‚ mission and its strategy‚ restructuring business processes‚ change in the way of operations
Premium Management Change management Organization
Do dogs differ in personalities‚ and if so‚ how? I have been around a multitude of dogs in my life‚ and I have seen that they do indeed have different personalities compared to one another. Some dogs may act similar‚ but I think that all dogs have at least a little variation in their personality‚ which gives them individuality and makes them unique and special to each and every one of us. There can be different factors that contribute to why a dog has its certain personality traits‚ but between my
Premium
Small-Business Idea Recently the United States government has released funds for creating small businesses. An opportunity to acquire government funding for a business venture is one to take advantage of and to put dreams into reality. The intent of this paper is to outline the three main forms of business organizations including the tax and legal implications as well as the accounting requirements for each structure. In addition‚ this paper proposes creating a small business of a women’s only gym
Premium Balance sheet Business law Income statement
1: Forms of Business Organisation (Indian Context) Sourav Sinha Forms of Business Organisation : While establishing a business the most important task is to select a proper form of organisation. This is because the conduct of business‚ its control‚ acquisition of capital‚ extent of risk‚ distribution of profit‚ legal formalities‚ etc. all depend on the form of organisation. The most important forms of business organisation are as follows: Sole Proprietorship Joint Hindu Family Business Partnership
Premium Types of companies Legal entities Corporation
Chapter 13 Real Options and Other Topics in Capital Budgeting Learning Objectives After reading this chapter‚ the student should be able to: ◆ Explain why conventional NPV analysis may not capture a project’s impact on the firm’s opportunities. ◆ Identify five different types of real options. ◆ Explain what an abandonment/shutdown option is‚ give an example of a project that includes this type of option‚ and explain what an option value is. ◆ Explain what a decision tree
Premium Net present value
Business Analysis on Sony Corporation for the years between 2001 and 2011 Overview Looking back on the past decade of Sony Corporation‚ opportunities walked along with challenges. The “combination of giants” between Sony and Ericsson caught attention of the whole world. The invention of mini vertical mobile phone promptly captured the youth market. When Sony Ericsson was at its best‚ its sales figures were ranking Top Three in European and American markets. However‚ since 2008‚ Sony Ericsson
Premium Mobile phone
The way I see myself ten years ahead of now is not something I often think about. To tell you the truth‚ it scares me a little to know that in one short decade I will be twenty six years old‚ and that my years of youth are coming to an end. One thing I’m certain of‚ is that if God gives me the opportunity to get to that age‚ I will make the most of my years and put all of my effort to become a successful‚ happy woman. Contemplating on the future doesn’t always come easy since no one really knows
Premium English-language films Parent