Taxation

Accounting is an important career in society because they are the heart of handling money. There are accountants that help their clients through many different aspects of finances. There are different departments in accounting such as managerial accountant, or tax account, and even government accountant. “Accountants and auditors perform overviews of the financial operations of a business in order to help it run efficiently” ("Accounting is About More than Crunching Numbers: Learn What Other…

Museums utilize appraisals as invaluable tools when managing their collection. Museums must know the value of an object that they hold, accept into their collection, or loan out. An appraisal provides museums with a professional estimate on the monetary value of objects in their collection (Tanner-Kaplash 2010, 441). An appraisal provides an estimated valuation of an item by an authorized person (Simmons 2006). Although museum professionals may possess the experience to provide knowledgeable…

Robert Nozick’s view on the libertarian principle of justice states that it is unjust to force rich people to pay extra taxes for the poor because it takes away from their liberty. In other words, he disagrees with John Rawls’ view of redistributing wealth because the wealthy do not voluntarily give their money to ones in need in this principle. Instead, money from the wealthy is involuntarily taken to give to the poor in the difference principle. However, Nozick does not think that giving to…

The 2016 Presidential election has to be the most controversial election in American history. The first Presidential debate brought much excitement to viewers because this is the first time Hillary Clinton and Donald Trump we would be seen together. The debate was a time for all voters to listen to both Presidential candidates’ positions on America. The debate allows candidates to grab undecided voters or to get the opposing candidates voters to change their mind about who they will vote for on…

The former chairman of the HSBC Swiss private bank Lord Stephen Green covered illegal activities of banking arm dealers and helped wealthy customers from around the world to evade taxes. This kind of strategy used by Mr. Green shows disappointing financial performance by people who are supposed to act like leaders not criminals. Instead of keeping the company’s reputation safe, Mr. Green engaged himself and the company who he’s been leading into trouble. Moreover, while Mr. Green let these…

Organization Background Land Stewardship Project (LSP) is 501 (c)(3) public charity nonprofit organization founded in 1982. For over 30 years, LSP has worked steadfastly for environmental and social justice in rural America. LSP is in NTEE category as C34 (Land Resources Conservation). LSP is required to file an IRS Form 990. (Guidestar, n.d.). Land Stewardship Project Organizational Resources. Land Stewardship Project’s most significant source of revenue for the fiscal year 2013 was from…

In Paul Krugman’s essay, “Confronting Inequality,” he provides claims on how the United States can reduce the evident inequality which exists in its society. He speaks on how the great country he once knew has grown into one that is riddled with inequality in all areas of life. His claims come in the form of many changes in education, government, and corporation. I have mixed feelings when it comes to the claims made by Krugman. I agree with his claims regarding education and taxes; however, I…

In Where Am I Wearing, there were things that stood out to me in chapter 13, when they were talking about how Cambodia has a lot of mines and UXO. One fact was mind blowing that “Cambodia has the highest number of amputees in the world”. It states that “one out of 350 people is missing some kind of body part” (90). That was shocking to me and it’s something that I would’ve never known if I didn’t read this book. One of the important highlights of part II was when he was talking to Pradip and met…

Despite being born into poverty with a mother who worked multiple jobs in order to get by, Ben Carson worked hard to get into Yale University and to later become a successful neurosurgeon. His perseverance has helped him get to where he is today as one of the main candidates in the 2016 presidential election. Ben Carson can help America by being a president unconcerned about being reelected or politically correct, yet he will be a president who will work towards actually helping preserve America…

We all have that one activity we love to do. It is something used to take our minds off the stress of the day; it is our escape. However, there comes a time when this activity becomes more than a hobby and under US tax laws and regulations is considered a business. But, how can you tell if what you’re doing is no longer a hobby, but a business instead? As defined by the Internal Revenue Services, IRS, a hobby is an activity not executed with the hopes of making a profit. To determine the…