CLASS 1.1 Important concepts Entities – tax versus legal • Tax entities o People, partnerships, joint venture, companies … are considered to be entities for the purposes of calculating income tax. • Legal entities o Companies, which have separate legal personalities, are legal entities. Income flows • Income should be considered as a cash flow stream, where timing is important. • The question is, when the income recognised as earned or deducted (because tax delayed is tax denied)?
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Eminent Domain Under the Fifth Amendment of United States Constitution, the government is provided the power to enforce eminent domain and take private property for public use. This provision allows this provision as long as adequate compensation is being made for the property. Article 1, Section Seventeen under the Texas Constitution prohibits the taking, damaging or destruction of property for public use without adequate compensation. Generally, there are four elements of eminent domain but
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Summary Adult Learning Theories were developed to understand and influence the way adults learn and how they are taught to learn. There are many factors that affect adults in their daily lives that differ from children and these factors can impact them in various ways. In the articles summarized below there are many explanations of how the adult learning theories are utilized to improve the learning experience. In Adult Learning Theory Applications to Non-Traditional College Students (Kenner;Weinerman
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metrics are used as a communication between HR and senior management. In order to address the lack of a clear mission and function of HR, a plan has been designed. This strategic plan will set the travel agency on the right path and allow for the easement of the transition. New recruitment and selection methods will also be implemented and used for the hiring of the 50 desired employees and an HR assistant. With the large sudden growth of the company, one more HR assistant will be needed in order
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Should We Accept Premarital Sex Among Adults? Sex has always been an important part of human lives. The Bible tells us that God created sex only for the married couples. Christians refer to premarital sex as fornication according to the Bible. Today, the couples who have had a long stable relationship keep a distance with only hugs or light kisses. Even the couples who have been engaged still keep the strict sexual rules set by God. They tend to feel sinful after practicing premarital sex
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purpose of the action is merely to establish a right, no substantial harm or loss having been suffered, for eg., in cases of infringement of absolute rights of personal security (e.g. assault) and property (e.g. bare trespass, invasion of a right of easement, etc.). Nominal damages are so called because they bear no relation even to the cost and trouble of suing, and the sum awarded is so small that it may be said to have “no exsistence in point of quantity.” c.
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The title company searched the public records and other sources for any liens, easements, or other encumbrances or title restrictions that could affect the property. As a condition to closing, we required the seller to correct any problems found. Likewise, our mortgage company required us to purchase a title insurance policy to protect
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The Descendants Movie Review For this assignment I chose to review Alexander Payne’s film The Descendants. George Clooney stars as Matthew King who on paper has the perfect life. He lives on the beautiful island of Honolulu, Hawaii, has a beautiful family, and is a well-known lawyer on the island. You soon find out that Matthew King is the sole trustee of 25,000 acres of prime land on Kauai which is more of a burden than a benefit to
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Declining Housing Value of The Missions of Heartland Crossing 1 From around 1997 to 2003, the housing market in the Heartland Crossing area, specifically the “Mission” area, was experiencing a housing boom. Homeowners were buying the properties with the expectation of a safe community with parks, sport courts and fields, community pools, safe streets with biking lanes, and well maintained lawns and landscapes. The properties that are for sale need to be maintained by
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AGRICULTURAL LAW AEC304 CONVENOR – Felix Odimmasi OBJECTIVES OF THE COURSE The course is intended to help the student to explore the legal environment of Agricultural Law by providing a comprehensive survey of the development and regulation of legislation and doctrines which affect the development of Agriculture as a distinct driver of the economy in Kenya. CONDUCT OF THE COURSE The course shall consist of both coursework and examination. The coursework will be in the form of a
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