...Table of Contents Introduction 2 1.1 Describe the UK tax environment to Shawn 3 1.2 Analyse the role and responsibilities of you as the tax practitioner in the contexts of UK tax system. 7 1.3 Explain the tax obligations of tax payers or their agents and the implications of non-compliance 9 2.1 Calculate relevant income, expense and allowances 10 2.2 Calculate taxable amounts and tax payable, for employed and self-employed individuals, and advise on payment dates 11 2.3. Complete relevant documentation and returns 12 Conclusion 13 Reference 14 Introduction UK tax environment are many problems for a British citizen who has plans to start a new business in the UK. Being a new businessman and had no direct background about the UK tax systems rules and procedures, Based on the information in the scenario, we research in the UK tax environment according to the factors following: the environment, the role and the responsibility of the UK tax practitioners, tax system, explain the tax obligations of tax payers or their agents and the implications of non- compliance, Calculate the relevant income, expenses and allowances, Calculate taxable amounts and tax payable, for employed and self-employed individuals, and advise on payment dates for the above cases, complete the relevant documentation and tax returns. 1.1 Describe the UK tax environment to Shawn 1.1.1 UK tax legislation: The tax which is regulation set to apply for citizen in UK with the...
Words: 4775 - Pages: 20
...Company Program for Williams Plant Services Going Green Prepared for: Ross Marcoot Prepared by: Marc Paulson, Operations Director Williams Plant Services February 6th 2016 (Webmaster, September 1st 2011) Ross Marcoot President Williams Plant Services 100 Crescent Centre Parkway Suite 1240 Tucker, Ga. 30084 Company Program for Williams Plant Services Going Green As awareness of the importance of the preservation of the environment continues to grow in 2016, companies are looking for ways to become environmentally friendly, also known as "going green." Not only can green business practices and processes help protect the environment, they may also help a company improve its bottom line. There are many direct benefits for businesses that embrace social and environmental responsibility. There are tangibles and financials that come from efficiency and cost savings: * Increased revenues and market share * Mutual benefits in contract alignments * Reduced risk, easier financing * Reduced expenses of construction sites In addition, today much of the value of a company lies below the bottom line in intangibles, nonfinancial and brand reputation. Mainstream investors are demanding thoughtful corporate social responsibility structures. Leading research in the field of "Extra-Financial" valuation shows that environmental, social and governance issues are material to long term results -- so must be factored into investment decisions. A sustainability...
Words: 2090 - Pages: 9
...Today, we are aware of the close links between business growth and protection of the environment. The emphasis is on sustainable development; on creating patterns and practices within industry and commerce that can ensure long-term prosperity, but not at the expense of nature and society. To be sustainable, a business needs to: • generate profits for its shareholders • provide good employment conditions for its employees • trade fairly with its suppliers • look after the communities in which it operates • act as a guardian and improver of the environment. This case study shows how the company has built an Environmental Management System (EMS) based on the International Standard ISO 14001 in order to reduce costs and make a major contribution to 'sustainability'. An Environmental Management System identifies and establishes a set of rules and practices to help everyone within an organisation to understand and accept how, through their actions, they can best ensure high standards of environmental care. The company has identified four key pressures affecting the organisation in relation to environmental issues. The company had to respond to these pressures in appropriate ways whilst still providing good returns to shareholders. Scientists and other experts worldwide have increasingly been concerned about the possible environmental impact of industrial activity. This has led to increasing international pressures for changes in industrial practice. Several inter-governmental...
Words: 386 - Pages: 2
...University. Dear Ma’am, We are delighted to present the Report on “Environmental Costing and Analysis” of Square Bangladesh. Your instructions have been strictly followed by us to build up a vivid picture of the company’s Environment issues & cost performance as you have mentioned. Yours Sincerely, NAME | ID | | | | | | | Thank You. Executive summary Premier Cement Mills Ltd is one of the leading cement companies of the country. The company was started off by top ranking businessmen who had long years of experience in the cement business. In this report, we have tried to give a complete picture of the cement industry of Bangladesh. For a background, the history of the cement industry has been included. We have also focused on the various stages of the cement industry in our country hi-lighting on some of the important years and legal situations that took place. The ranking of the top ten cement companies have also been given which is followed by a thorough analysis of the cement industry in terms of different Environment issues. The position of the cement industry and Premier Cement Mills Ltd have been briefly explained in respect of environment welfare. Premier Cement Mills Ltd has different competitors in the market who produce similar products with similar pricing for the market of Bangladesh. Premier Cement Mills Ltd is a company who are striving hard to improve their position...
Words: 2727 - Pages: 11
...approximately 1.00%, mainly from the strong immigration, and it is also estimated that the population will exceed 39 million by 2031. This steady increase in population will directly enlarge the consumer groups, which will increase the demand of all kinds of product as well as our four season shoes in current market. Also, population aging does a great impact on the sale of our products. By 2010, Generation X who was born between 1967 and 1976 is served as the primary market. They respond to socially responsible companies that aim to maintain the balance between the economy and the ecosystem, which means such eco-friendly products as our four season shoes will cater to their tastes. Technological forces : One major trend in the technological environment has been the creation of the 3D printer. Many shoe companies are now looking into making both non-customized, mass produced shoes, as well as shoes that are customized for each customer. Two examples are Nike and New Balance; both companies have been using this technology to create running shoes, with Nike making non-customized shoes and New Balance creating customized ones (Fitzgerald, 2013). This new technology presents a positive effect for our product because this new technology can allow us to produce our shoes in a more efficient way. 3D printing can allow for the easy production of prototypes, allow for more...
Words: 1098 - Pages: 5
...Management: The Business Environment of Organizations To lead an organization efficiently we must know where our company is situated, what are the outside influences and the inside ones. Outer environment (macro environment) There are some factors in the lives of organizations that affect them, but they don’t have any control over them (much like in our own life). We can define three major areas, but these are just the large groups, they just give a general outline. Political-legal environment: The effects of this are quite visible. Just think of the effect of changing taxes, or raising interest rates. If the legal system, pushed by politics lowers he acceptable emission rates, companies may have to invest in new equipment or close down. Technological state (R+D): Technology can bring millions to one company and take millions from another. Organizations on the frontier usually experience a boom, with many following, but some rivals may go bankrupt. A good manager has to be aware of change and embrace technology to gain an edge on competition. Social-Cultural environment This is a very important but also very diverse category. Think of a company in China and a company in Hungary. A Hungarian company only has to produce for a potential market of about 10 million. A Chinese company has a potential market of 1.3 billion., which is 130 times as much! That alone is a huge difference, and we haven’t even touched cultural differences. For example in India, McDonalds probably...
Words: 652 - Pages: 3
...Introduction (Corporate Social Responsibility and the impact it has on society at a global level is studied (discussed/investigated) as we look at whether current regulations are sufficient or mandatory regulations are required in order to sustain our environment in the future.) Since the 1990’s there has been an increasing trend for companies to provide information regarding the environmental implications of their operations (Gozali et al., 2002). This has arisen due to the increasing importance of environmental issues worldwide, and as such there is increased discussion on whether environmental reporting should become regulated internationally or continue to remain voluntary. The environment disclosures are generally through a sustainability report, which may also include the social and economic performance of an organisation. This is commonly referred to as triple bottom–line reporting, and is tied together closely with the term Corporate Social Responsibility. What is Corporate Social Responsibility? While sustainable development is most commonly defined as ‘development that meets the needs of the present world without compromising the ability of future generations to meet their own needs’ (World Commission on Environment and Development – Brundtland Report, 1987), Corporate Social Responsibility focuses on the mission and values of an organisation and its obligations and impacts on a wider range of stakeholders. (CSR (promotes) principles are for sustainability, accountability...
Words: 1403 - Pages: 6
...always influenced by the policies of state and its government. McDonald’s business is also under the control of government’s rules and regulations. The main issue of controlling food business is health and other issues are license, employee laws, tax issues etc. McDonald’s follows the local government’s policies as well as foreign investment policies on its franchise business strategy. Political instability of local state also affects McDonald’s business. Political factors The business operation of an organisation is always influenced by the policies of state and its government. McDonald’s business is also under the control of government’s rules and regulations. The main issue of controlling food business is health and other issues are license, employee laws, tax issues etc. McDonald’s follows the local government’s policies as well as foreign investment policies on its franchise business strategy. Political instability of local state is also affects McDonald’s business. Economical factors Economical factors always come as vital issue to business organisations. For example, more or less all companies are affected by ongoing global economic slowdown. Due to international business operation, McDonald’s faces different scale of tax and revenue measurement in different country. McDonald’s also faces difficulties because of international currency fluctuations especially in its global food distribution. Local economical condition is also responsible for affecting McDonald’s operation...
Words: 878 - Pages: 4
...many differences in legislation which deals with working hours and wages and the environment. Before expanding a business in another country, companies must first learn the different legislations. Due to rapid economic development seen recently in Thailand, the environmental regulation level is on the rise. Because of this, there are many problems including environmental damage. In the past few years there has been increasing alarm concerning Thailand’s environment. Even though there have been environmental laws in the past, these laws were not strictly enforced because of overlapping responsibilities, redundant laws, and budget constraints which greatly reduced the monitoring, detection, and prosecution of violators. However, the National Environmental Board was elevated to ministerial level with the enactment, in 1992, of the Enhancement and Conservation of National Environmental Quality Act’s updated version. This act also offers incentives for the preservation and promotion of the environment, such as establishing a fund to promote and preserve the environmental quality. It also imposes penalties on polluters and allows the people of Thailand to participate in tackling their environmental issues. The people of Thailand have become more aware of their environmental issues and realize they must support the newest legislation in order to protect their quality of life. (Protecting the environment, 2008-2009) Thailand...
Words: 1152 - Pages: 5
...External environments are surrounding the company received from outside factors such as the economy, technology, social, political and legal. These environments affect the company or organizations in many ways as they influence the success of the company. A lot of consideration needs to be taken by the organization in handling these external environments. For the company we interviewed, which is a consultancy company, these environments also affected them. Understanding these factors allows organizations to have proper currency-hedging plans and strategies in place. The economy inside and outside the country may affect any kind of business because financial is one of the most important part to be manage in a company or organization. So, if the economy is not doing well, the company also may be affected, which may lead to failure. So does the company we interviewed,...
Words: 1444 - Pages: 6
...Introduction For a business to be successful, it is vital to know the market and customers profile. This can be done by an intensive research through various methods of data collection which will help to making decision about a new venture. Market research can help create a business plan, launch a new product or service, fine tune existing products and services, expand into new markets etc. It can be used to determine which portion of the population will purchase the product/service, based on variables like age, gender, location and income level. It can be found out what market characteristics your target market has. With market research companies can learn more about current and potential customers. The purpose of market research is to help companies make better business decisions about the development and marketing of new products. Market research may also aid to the marketers to understand the customer and customer behavior and also help to know how and which type of product has been satisfies the customers. According to Kotler and et al (2008)-(Pg-333),“Marketing research is the systematic design, collection, analyses and reporting of data relevant to a specific marketing situation facing on organization.” Primary Data Primary data is specific information that is collected directly by the person who analyses the data and information also doing research. Primary data are collected for the first time. This data has not been published before collection. ...
Words: 4186 - Pages: 17
...A report on An analysis on Walton refrigerator Submitted to: Md. Ismail Hossain Associate professor Department of marketing University of Dhaka Submitted by: Group Insuperable Section: B Department of marketing University of Dhaka Submission date: May 2, 2016 GROUOP NAME: INSUPERABLE Serial no. | Name | Roll no. | 1. | Ashikul Islam | 44 | 2. | Shahinur Akter | 98 | 3. | Farjana Akter Mito- | 110 | 4. | Sajal Bepary | 112 | 5. | Forhadi Afsana | 152 | 6. | Sajedul Islam | 176 | 7. | Ashiqur Rahman Ashiq- | 266 | 8. | Md. Eqramul Islam | 268 | 9. | Tonmoy Das | 270 | 10. | Md. Anamullah | 274 | Letter of transmittal May 2, 2016 Md. Ismail Hossain Associate professor Department of Marketing University of Dhaka Subject: submission the report on “an analysis on Walton refrigerator” Dear Sir...
Words: 2830 - Pages: 12
...Environment and Preservation Many grounds all over the world have been destroyed many ways starting from cleaning up the forest where animals live and survive in the forest. The forest is beauties of nature where the oxygen flows through the big trees and makes an atmosphere breathe the fresh air of that oxygen. Trees are being taken from the root of the ground, so it can no longer grow and replace that area with a business company or just plain empty. People ask themselves why is it that the grounds are being torned down but yet not being used. These and many related questions remain in silence of a major concern in the present day world. Christians try to find the ethics which relies on faith, tolerance, and care. The grounds in the forest where its peaceful and pleasant doesn’t ever seem that some company will one day come and tear the grounds and let it show empty. It says in Psalm 1:3; He is like a tree planted by streams of water that yields its fruit in its season, and its leaf does not wither. In all he does, he prospers. (KJ VERSION). “Stop the Catastrophe.” Prentice Hall Reference Guide states Which in the opinion of Christians, yes, stop the catastrophe in tearing down so many trees and not let the oxygen continue to flow as it should. There are properties that are being invaded by City Departments where they want to expand the streets of all the subdivision. Make the streets into the business road and make more money to collect more taxes in the poor...
Words: 1533 - Pages: 7
...Environmental Pollution Strategy xxxxx Sci/256 August 28, 2013 xxxxxxx The rapid growth over the past decade has been economically positive for the city of Phoenix. With the increase in manufacturing, construction and jobs. Air and water pollution as well as loss of open spaces are putting stress on the infrastructure, natural resources, and beginning to affect the environment within the city and surrounding region. To correct these negative environmental impacts I propose the following: pollution control legislation, random emission testing, encouraging carpooling initiatives, and establish green spaces. Expense Budget Of the $18 Million allotted for measures to fix the pollution issue, only $14.9 Million will is needed to correct successfully the environmental issues. Below is the breakdown of solution and cost. |Solution |Expense: | |Pollution control legislation for point sources |$4.3 Million | |Random emission testing |$3.6 Million | |Establish green spaces |$4.2 Million | |Encourage carpooling ...
Words: 867 - Pages: 4
...Chapter 3 Influences in the Business Environment Personal use only Businesses operate in a dynamic, often turbulent, environment. The business environment refers to anything that affects the operation of a business. Farmers have understood the impact of the environment for centuries. The farmer has no control over aspects of the environment The business such as drought. However, the farmer can prepare for possible adversity in the environment and environment refers to quickly adapt to those changes. Effective managers are constantly monitoring the business environment to pick up any change that may impact on their business. If they pick up a change quickly and respond before their competitors, it may lead to a significant advantage to their business. This is what happened when Woolworths’ managers picked up the trend to the healthy life style before the managers of Coles. The Woolworths’ managers immediately responded by developing a focus on fresh produce, delicatessens, bakeries and dairy. Customers responded by leaving Coles and shopping at Woolworths. Now that Wesfarmers Limited has purchased Coles its managers are quickly implementing strategies to regain their competitive advantage. anything that affects the operation of the business 55 HomeThink Draw the Woolworths’ logo. What does it represent? Is it effective? 3.1 External influences The external influences from the business environment are those outside the control of a business’s managers. The...
Words: 6294 - Pages: 26
