Corporate travel management

As a pastor, my father has fairly complex taxes. Since he lives in a parsonage, he doesn’t rent nor own a house, he is considered by the IRS ‘self-employed’, and has an odd system of taxes. Considering his tax layout, I thought he would be an interesting interviewee for this assignment. Throughout the interview, it was clear he would prefer if the government would limit its spending, and pay it more directly to better causes. The first question was, “What percent of your total income do you pay…

How Tax Shelters Work kw: tax shelters Meta: You know that tax shelters are used to hide wealth, but that is about it. Find out how tax shelters work. Tax shelters are technically any kind of legal strategy that someone uses to limit the amount of taxes that someone owes. While many people think that a tax shelter is illegal, this is not always the case. You do not have to resort to breaking the law tax deductions or credits. Legally, there are a number of ways that you can shelter your…

life by swallowing a poison pill rather than give up important secrets. Poison pills are very effective in stopping takeovers, but where is the suicide analogy? The answer is that by adopting a poison pills, a company effectively entrenches its management by making it much more difficult…

In 2002, Congress signed the Sarbanes-Oxley Act (SOX) in response to several notorious corporate scandals, including those at Enron/Worldcom. The piece of legislation was aimed to hold corporate officers personally liable and to rebuild public confidence in the corporate sector. SOX, “requires violations of securities laws or breaches of fiduciary responsibility to be reported to either the chief legal officer or CEO of the company by-house attorneys or outside counsel (Reed, & Bogardus, 2015)…

“In Australia it is still impossible to discern any broad principle of company law indicating the circumstances in which a court should lift the corporate veil”.15 As illustrated, it can be quite difficult to list the cases in which the corporate veil will be pireced.16 Herron CJ contends that authorities in which the corporate veil has been pierced have not been of such consistency that any principle can be adduced. 17 Rogers AJA also takes a similar view, arguing that there is no unifying…

01:42 01:42 What is 'Total Debt To Total Assets' Total debt to total assets is a leverage ratio that defines the total amount of debt relative to assets. This enables comparisons of leverage to be made across different companies. The higher the ratio, the higher the degree of leverage, and consequently, financial risk. This is a broad ratio that includes long-term and short-term debt (borrowings maturing within one year), as well as all assets – tangible and intangible. Total Debt To…

Different governments across the world enact different acts to different business and investors in order to help them in curbing specific challenges facing various business. The provisions of this acts apply in both public and private companies and overs the major responsibilities that are expected to be carried out in order to ensure this provisions of the act are followed. In the following discussion we are going to look at Sarbanes-Oxley Act which was a United States federal law. Question…

principles and assumptions of accounting and financial reporting. As your new financial advisor I will explain the important changes made by the SOX act and who is impacted by it. Section One The Sarbanes-Oxley (SOX) Act was the reaction to major corporate and accounting scandals, including Enron and WorldCom. The goal of the act is to thwart and dissuade future accounting fraud, safeguard shareholders and increase confidence in financial reporting in public companies and in the United States…

A lawsuit has been filed on behalf of all people who purchased or acquired Pacific Coast Oil Trust (PCOT) securities that became effective on May 2, 2012 and September 19, 2013. It is alleged that PCOT violated federal securities laws in its disclosures. The disclosures issued are believed to misrepresent its business, operations, and prospects. More specifically, it is claimed that the statements are misleading regarding PCOT’s capital expenditures and hedge contracts (Faruqi & Faruqi, LLP).…

needed approvals. To comply with corporation formalities, the board of directors should draft and approve the resolution to dissolve. Shareholders then vote on the director-approved resolution. Both actions should be documented and placed in the corporate record book. While LLCs are not subject…