Sole Proprietorship A sole proprietorship refers 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
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Sarbanes-Oxley Act of 2002 Organizations are often led to gain profit by not always doing what is right or legal for that matter. Some may want to hide trails of misled numbers in auditing reports while others will look the other way so that the organization can make a couple dollars. Ensuring that the government holds those companies accountable for not following the law is essential so that we do not go through another financial crisis. The Sarbanes-Oxley Act of 2002 was one way the government
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Your Chance to Experience the PwC A.F.FERGUSON & CO., Chartered Accountants a member firm of the PwC network A.F.FERGUSON & CO., a member firm of the PwC network, is committed to quality service and training since more than 100 years now! It is yet again providing you a unique opportunity to experience the journey of professional learning. Do you see your future that will take you to higher levels; the level which will drive you to achieve leadership in the corporate world? Whatever your
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Transfer Pricing and Financial Reporting: some thoughts Messaoud Mehafdi This essay deals with the perennial transfer pricing (TP) puzzle and calls for the disclosure of TP information as a way of unravelling the puzzle in the new age of corporate governance and financial reporting transparency. Seen as a by-product of "managerial ambiguity by design" in large companies and labelled as a "perennial puzzle" , TP has over the years lived up to this cliché by creating complex management and tax problems
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Constitutional Law- Supremacy Clause- “This Constitution, and the laws of the United States which shall be made in pursuance thereof…… shall be the Supreme law of the Land; and the Judges in every state shall be bound thereby …..” Article VI Judicial Review- U.S. Constitution doesn’t provide that federal courts can declare a statute unconstitutional and void, but they can./Marbury v. Madison, 1803 introduced judicial review Activism v. Restraint- Over time, not a liberal vs. conservative issue
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THE ADVANTAGE OF DEBT FINANCING Interest on debts paid by a corporation is deductible as an ordinary and necessary expense of the corporation . The general rule governing the interest taxation can be found in 26 U.S. Code § 163 : “There shall be allowed as a deduction all interest paid or accrued within the taxable year on indebtedness.” In other words, if the payments are categorized as interest, they will be deducted from the taxable earnings and there will result the also-called “the tax benefit
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ANNUAL REPORT 2003 T R U ST I S A Q U E ST I O N O F Q U A L I TY, M O R E S O TO DAY T H A N EV E R B E F O R E . T H E S U C C E S S O F O U R B R A N D S S P E A K S F O R T H E T R U ST P LAC E D I N O U R P RO D U CT S , P RO D U CT S W H I C H A R E B A S E D O N A S I M P L E P R I N C I P L E T H AT I S T H E F O U N DAT I O N O F O U R E N T I R E C R E AT IV E P RO C E S S – A PA S S I O N F O R CA R S . A PA S S I O N W E WO U L D L I K E TO S H A R E W I T H YO U . > > > E AC H B
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individual or group of individuals, who engage in business activities with an aim of making profits (Emerson, 2013). There different types of business entities which includes but not limited to the following; sole proprietorship, partnership, and corporations. When starting an enterprise, it’s always significance to decide the form of business entity to develop. This is because an entrepreneur will be able to ascertain the legal requirements, liabilities, revenue tax returns forms to file among other
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Develop a marketable corporate persona: Think of yourself as a publicist with the task of promoting you. Learn to capitalize on your skills, succinctly assert your achievements and project a corporate persona -- or your most mature, professional and competent face. Establish profitable relationships: Business networking is a valuable tool to gain information, increase your visibility in your field and make connections that will help you move forward in your career. Seek out new contacts and
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Organisatiekunde (1ZZ14 & 1Z442) Opdracht 3: Organisatie, Technologie en Omgeving Opdracht Voor deze opdracht moet elk groepje zelf een organisatie kiezen. Dit kan een multinational zijn, maar ook een kleiner bedrijf, of een ander soort organisatie. De enige eis die er wordt gesteld is dat het inderdaad een organisatie is en dat er informatie over op internet te vinden is. 1. Schrijf een inleiding waarin de organisatie en de uitwerking van de opdracht wordt geïntroduceerd. Beschrijf
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