...‘American Dream’ conveys, but as we move further into the 21st century the businessman is becoming increasingly more oppressed, especially in California. Since the 90’s, Business’s have deemed California as the least best place to do business and have since started moving out at an increasing rate for a variety of reasons including, rising taxes, litigation costs, and regulations. The rest of this research paper will go through those three main causes of why “California is Not a good Place to do Business,” as well as what effect it has on the people. (And when done reading ask yourself if you would start up a business in California.) Cause: Taxes Its common sense that to improve the health and profitability of a business certain measures must be taken, for instance doing the math on what kind of taxes the business is subject too depending on the state of establishment. According to CalTax.org, “California is the third worst state business tax climate in the nation!” Broken down California has the highest sales tax, gasoline tax, and personal income tax in the nation; as well as the 15th highest property tax and the highest corporate income tax in the West! Along with the high taxes on businesses as a hole, the Business owner’s income is suffering tremendously because of the passage of prop 30! This unfair proposition delegates that for people making 250,000 plus a year must pay an additional 1% percent coming up to 10.3-13.3% for state income tax!...
Words: 1170 - Pages: 5
...to a form of organization owned by a single individual. In this business, a single person makes all the decisions and does not have to engage a legal department to approve contracts. The owner of such a business can only use personal funds even though he or she may have separate checking and savings accounts for the business. The first characteristic of this form of business enterprise is liability. A sole proprietor suffers from unlimited liability. The owner becomes liable personally for all the obligations and debts of the business. The second characteristic is income taxes. Businesses pay federal income tax just like individuals. In a sole proprietorship, the owner pays income tax only once on the business income, which he or she reports on their personal income form. The third characteristic is control. In a sole proprietorship, the owner makes all the decisions concerning the business. In this business, the owner does not have to grant control to other people. The fourth characteristic is profit retention. If a sole proprietorship makes profits, the money belongs exclusively to the owner. The reason is that the owner and the business are one. The fifth is location. The owner can move or expand the business to a different state without consulting anybody. This is because the owner is the sole decision maker. The sixth characteristic is convenience or burden. The owner makes sure that the business complies with all meeting, reporting, and other regulatory requirements. ...
Words: 3972 - Pages: 16
...Pro Staffing Research for Outsourcing Payroll and Tax Services 03/15/2014 Table of Contents Project Scope 4 Requirements 4 Procurement Advantages 5 Savings Analysis 5 Procurement Disadvantages 6 Risks 6 Scoring Matrix for Procurement Proposals 8 Contractual Analysis 12 Considerations 12 Proposal Information 12 Legal Compliance Subjects 12 Proposal Questionnaire 12 Instructions to Proposers 13 Project Scope Pro Staffing research of outsourcing payroll and tax responsibilities versus in-house or new software package to evaluate which process will better meet the needs of corporation in both cost and quality of services. The analysis shows the cost savings for the procurement average 31% less than in-house management either by current processes or new software. Risk/ liability for Federal Tax withholding and reports is moved to the vendor. Requirements The solution needs to provide minimal 1. Direct deposit or mail for employees and contractual workers regular payroll, bonus pay, and expense checks 2. Handle workers compensation payment 3. Payroll withholding 4. Payroll tax management 5. Knowledge of international payments to employees or contractors 6. Online payroll management by Pro Staffing 7. Web access with required registration access for previous W2 and payroll check information for up to five years 8. Documents should be printable or delivery by mail 9. Strict documented protocol...
Words: 1830 - Pages: 8
...GDP (Aggregate Expenditure) as well as the impact upon the individual components that make up GDP (i.e. other macroeconomic components and indicators such as bond rates, money supply, etc.) For this analysis, we have created two models of the U.S. economy and will look specifically at the short run case (the first 5 - 8 quarters spanning 2012-2013). First, we created a “baseline” model which assumed that no change in aggregate expenditures occurred. Next, we created a model with a shock to the economy starting in the first quarter of 2012 by reducing state and local government purchases (COS) by $20 billion per quarter. By comparing the resulting data sets for these two scenarios across several variables, we can predict the impact that the “shock” to government spending would have on both the overall economy and the specific components of GDP. The reduction in state and local government spending was spurred by an overall reduction in tax collections. The government decided to reduce spending as a result. What is not initially clear is why there was a reduction in tax revenues, but there are several possibilities. The reduction in tax revenue could be due to fiscal policy changes, where the population was taxed at a lower rate than in previous periods. However, we know that the reduction in government spending was not due to policy changes, but resulted from changes in other economic conditions such as...
Words: 4011 - Pages: 17
...Version 1 General Certificate of Education (A-level) January 2013 Economics ECON2 (Specification 2140) Unit 2: The National Economy Final Mark Scheme Mark schemes are prepared by the Principal Examiner and considered, together with the relevant questions, by a panel of subject teachers. This mark scheme includes any amendments made at the standardisation events which all examiners participate in and is the scheme which was used by them in this examination. The standardisation process ensures that the mark scheme covers the candidates’ responses to questions and that every examiner understands and applies it in the same correct way. As preparation for standardisation each examiner analyses a number of candidates’ scripts: alternative answers not already covered by the mark scheme are discussed and legislated for. If, after the standardisation process, examiners encounter unusual answers which have not been raised they are required to refer these to the Principal Examiner. It must be stressed that a mark scheme is a working document, in many cases further developed and expanded on the basis of candidates’ reactions to a particular paper. Assumptions about future mark schemes on the basis of one year’s document should be avoided; whilst the guiding principles of assessment remain constant, details will change, depending...
Words: 6784 - Pages: 28
...Penttila 1 Juha Penttila EPP 150 11/20/2013 The cost of wealth Money is as much of a blessing as it is a curse. People with significant amount of funds have their possibilities extended to a great spectrum, but as described in the famous blockbuster film Spider-Man® “with great power, comes great responsibility.” This applies particularly to professional athletes, who, to an extent, experience even more pressure directed towards them than politicians, due to the constant exposure under the limelight and the demand to win from fans all over the world. Expectations towards young and talented professional players are tangible; family, peers, community and agents are only a fraction of the people lining up to share in the fruits of success. Needless to say, this recognition comes with the assumption that they will have a share of the athlete’s financial earnings. So how do these players react to such vast demand and how do they perceive money and its use in different aspects of life? Sports Illustrated published an article in 2009, which shows that on average, 78% of former NFL players go bankrupt within two years of retirement, and about 60% of former NBA players are penniless within five years of ending their career (Torre 1). How is this possible? What are the crucial factors that drive successful athletes to lose all their money, and more importantly, is there a way to avoid such stalemate? “We always felt like if you looked good, played good, they pay good. That was our philosophy”...
Words: 3038 - Pages: 13
...Facebook? Now, more and more people use social media to connect with their friends and family. Facebook could be the most popular one used by many people from all over the world. Up until 2013, Facebook got up to 1.06 billion monthly active users and 680 million mobile users (Smith, 2013). In terms of internationalization, Facebook successfully launched to the whole world and nowadays, almost all the countries are using Facebook even some poorer country from Africa (Facebook Statistics by Countries, 2013). The company successfully launched to almost all countries because it puts a lot of attention to the differences between each country has so it has succeed in terms of internationalization. First, new features could attract more people to join Facebook since the website is used by people from all over the world and this gives the company opportunity to have the free advertisement from one place to another. For example, in the year of 2013, Facebook just introduces a free call application for their the United States iPhone users and this could attract more people to join Facebook and get them connected to the rest of the world (Hamburger, 2013). From here, we might think this is good only for attracting more users from the United States, but it could attract more people from the rest of the world. Suppose, one person from the United States never had a Facebook before and he now know this free call feature of Facebook and find it is quite a fun stuff to use. This might lead...
Words: 3472 - Pages: 14
...Seabreeze Virtualization Adoption Plan Bob Western Governors University Seabreeze Virtualization Adoption Plan The city of Seabreeze has had the misfortune of decreasing revenue for the past several years and is in desperate need of some cost saving initiatives. The solution must not impact services currently delivered to its citizens. Information technology (IT) is one of the services that must be maintained during the financial reductions. Because the city relies heavily on the use of IT to provide government services elimination of existing infrastructure is not an option. An alternate solution is essential in order to reduce the total cost of ownership (TCO) of the city’s IT equipment by providing newer technology that will have a higher return on investment (ROI). The option identified to fulfill this need is the adoption of virtualized servers, storage devices, and desktop computers. The conversion to virtualized environments will result in substantial cost savings as well as providing enhanced security, greatly improved disaster recovery, a more competent IT staff, and a smaller carbon footprint. 1. Benefits of Virtualization Virtualization is “the process of creating a virtual, rather than physical, version of something” (Virtualization, 2015). In the IT industry this refers to technology that utilizes software to imitate hardware and create virtual computer systems. One example of this is to use a single physical device such as a server and logically...
Words: 2656 - Pages: 11
...With the help of Mr Sullivan's financial engineering Mr Ebbers raced the business - now called WorldCom - through 70 deals in four years, buying up competitors and expanding his reach. Along the way the company picked up numerous fans on Wall Street, perhaps most notably Jack Grubman, a telecoms analyst at the prestigious investment bank Salomon Smith Barney. Like many analysts of the time, Mr Grubman believed that to succeed in the new era of the internet and the world wide web companies needed to create telecoms networks that spanned the globe - a goal that could only be achieved with serious financial backing. Mr Ebbers had no trouble finding people willing to give him a hand. Usually sober bankers and investment analysts were entranced by his plain-speaking manner and as the company grew its share price defied gravity. Using its valuable shares as bargaining chips and backed up by piles of debt, Mr Ebbers snatched up businesses across the US and waded into Europe. Its acquisitions included UUNet, one of the oldest carriers of internet traffic, which is still a major provider to AOL. WorldCom also sealed what at the time was the biggest deal the US stock market had seen, snatching another US communications group, MCI, from the clutches of BT. That $40bn merger in 1998 gave WorldCom an effective stranglehold on the US internet market, forcing the sale of part of MCI to another British firm, Cable & Wireless. In the deal C&W picked up a piece of internet history...
Words: 2255 - Pages: 10
...Samantha Weeman January 24, 2013 Inaugural Address Analysis On January 21, 2013, President Obama gave his inaugural speech. By giving an inaugural speech, this means that the president will bear witness to the enduring strength of the constitution and affirm the promise of the democracy. In the beginning of his speech, he stated the vows he has agreed to make as a country together. He says, “Together, we discover that a free market only thrives when there are rules to ensure competition and fair play. Together, we resolve that a great nation must care for the vulnerable and protect its people from life’s worst hazards and misfortunes.” As the speech goes on, he explains that when times change we, the people, must do the same. We must come together as one nation and one people. He talks about the middle class- how America’s “prosperity” must rest upon their broad shoulders. He believes that every citizen deserves the same amount of security and dignity; therefore, he decided to reduce the cost of health care. He will maintain our economic vitality and our national treasure by not allowing other nations have the technology that will power new jobs and industries, but by claiming its promise. He wants to defend our people through strength of arms and rule of law; resolve issues with other nations peacefully. He ends his speech by saying that by being a citizen we, the people, have to set the course; by votes we cast and voices we lift. The last line of his speech is very...
Words: 989 - Pages: 4
...Examiners’ commentaries 2013 Examiners’ commentaries 2013 EC1002 Introduction to economics Important note This commentary reflects the examination and assessment arrangements for this course in the academic year 2012–13. In 2014 the examination will be conducted in two parts. The rubric for Part I will read as follows: This is Part I of the examination which consists of Multiple Choice Questions. You have 90 minutes and you should attempt to answer ALL the questions. Each question has four possible answers (a–d). There is only one correct answer to each of the questions. Please mark the correct answer on the special sheet provided. The maximum mark for this part is 50. The rubric for Part II will read as follows: This is Part II of the examination. Please answer ONE question from Section A and ONE question from Section B. Part II is worth 50% of the mark and each of the questions in Sections A and B is worth 25%. The format and structure of the examination may change again in future years, and any such changes will be publicised on the virtual learning environment (VLE). Information about the subject guide Unless otherwise stated, all cross-references will be to the latest version of the subject guide (2011). You should always attempt to use the most recent edition of any Essential reading textbook, even if the commentary and/or online reading list and/or subject guide refers to an earlier edition. If different editions of Essential reading are listed,...
Words: 28552 - Pages: 115
...Table of contents 1. Executive Summary .................................................................................................. 3 2. Service Policy and Disclaimers ................................................................................ 4 3. Family Profile ................................................................................................................. 6 4. Goals and Objectives .................................................................................................... 8 4.1. Short-‐term Goals ................................................................................................................ 9 4.2. Mid-‐term Goals .................................................................................................................... 9 4.3. Long-‐term Goals .................................................................................................................. 9 5. Risk Profile ................................................................................................................... 10 5.1. Risk Profile Conclusion .................................................................................................. 12 5.2. Risk Recommendation ......................................................
Words: 16427 - Pages: 66
...E-commerce Executive Summary: E-commerce is one of the most progressive sectors of the economy. E-commerce has had powerful impact on all the macroeconomic sectors. It is redefining business processes and consumer expectations. The internet backbone of e-commerce is connecting every vendor in the world to every buyer across the globe. Advent of mobile devices has made the whole process even more interesting. E-commerce has done really well in its own right during the course of its conception as an industry. The growth rate have been continually rising against traditional shopping every year. Although the Great Recession has impacted the retail industry as a whole, the ratio of e-commerce sales are still strong and increasing. There are some clear dominance for certain goods that are purchased only through the internet. However, the proportion of shoppers purchasing online and shoppers through brick and mortars are still low. While it seems that e-commerce is taking over traditional sales, it is not even close to full domination of the retail industry. E-commerce has had significant impact on financial markets. Revenue growth of this sector is higher than that of the economy. Contribution of e-commerce to the GDP is increasing at a substantial rate. This fast growing industry has low entry barriers and is highly dependent on technological advancements. Efficiency and cost of performance are rapidly changing in favor of the industry with the growth in the technology sector. With...
Words: 2827 - Pages: 12
...pertaining to public safety. Others, however, showing to be a health hazard are still allowed to remain on the market. This definition is according to Merriam-Webster.com. This paper will focus on the economics of cannabis and how by its decriminalization, or legalization, it can be a profitable commodity in the marketplace by the following. Providing an overview of cannabis and how political games have caused an unearned negative public opinion on the commodity. Listing arguments that support the claim that by legalizing this commodity not only crime rates in general, but violent crime rates, will drop noticeably if not substantially providing a savings in the cost of enforcing and prosecuting such crimes. And, that by decriminalization, the federal government can regulate this commodity much like alcohol and tobacco providing new sources of tax revenue. A History of Cannabis The best way to understand the public image that cannabis has today is by looking at how we understood it yesterday. Starting from the first piece of legislation in 1906 and coming to present day medicinal approval in a small portion of US states. This will hopefully address the questions of “Why the war on drugs?”, “Why this particular commodity a drug...
Words: 5829 - Pages: 24
...WELINGKAR INSTITUTE OF MANAGEMENT DEVELOPMENT & RESEARCH SPECIALISATION PROJECT ON ANALYSIS OF INVESTMENT OPTIONS BY MAHIMA SUHALKA PGDM RM 2014 – 2016 (FINANACE SPECIALISATION) ROLL NO. 48 PROJECT FACULTY GUIDE PROF. PRITI SAMANT PROJECT COMPLETION CERTIFICATE This is to certify that project titled “Analysis of Investment Options” is successfully done by Ms. Mahima Suhalka in partial fulfilment of her two years full time course ‘Post Graduation Diploma in Management’ recognized by AICTE through the Prin. L. N. Welingkar Institute of Management Development & Research, Matunga, Mumbai. This project has been completed under my guidance. ___________________________ (Signature of Faculty Guide) Name: ______________________ Date: ______________________ Acknowledgement I take this opportunity to express my sincere gratitude to everyone who supported me throughout the course of this PGDM project. I am thankful for their aspiring guidance, invaluably constructive criticism and honest advice during the project work. I express my warm thanks to Prof. Priti Samant, my project guide who provided me with critical insights on this project and helped me make this a success. I would also like to acknowledge the help of all my friends and respondents who enabled me to conduct this research project. Thank You All!! Table of Contents Chapter 1 Introduction ...
Words: 12659 - Pages: 51
