The Progressive

A Generation Skipping Trust (GST), also known as a dynasty trust, allows the grantor to transfer a significant amount of assets to beneficiaries, in skipping a generation, are typically their grandchildren who receive the benefit of the “gift” as tax-free. In acquiring a dynasty trust, it is mainly to aid in the future generations besides one’s direct descendents. As this type of trust “does not have a defined termination date or event”, it has the ability to pass down through many generations.…

Most of us dread doing our taxes, whether for our personal finances, our business, or the few dollars our child made flipping hamburgers last summer. Although filing a tax return is generally a once-a-year event, the activities that result in the final amounts reported occur all year long. That’s why the professionals at CK & Co offer year round service and planning. Why Choose a Certified Public Accountant CPAs devote years of study obtaining their degrees in subjects such as business…

Using a Cash Merger to Acquire Minority Shares If the majority shareholders want to buy the shares of the minority shareholders, but it is not feasible to negotiate a separate transaction with each minority shareholder, the following “cash merger” should be considered: a) the majority shareholder(s) of Target form a new corporation “Newco” to which they contribute their Target shares. b) the majority shareholders arrange for the merger of Target into Newco. In the merger, Newco’s name is change…

Paraguay I have just been hired in the international division of a multinational corporation that makes consumer goods to become an expert on Paraguay. My first assignment is to prepare a report on Paraguay to consider if we should build a manufacturing plant to produce a consumer good there. From the research I gathered, Paraguay would not be a recommended country to build a manufacturing factory due to their social, political, and economic factors. Education in Paraguay has not always…

Recent election campaigns promoted various types of the tax credits toward specific groups of taxpayers like tax credits for service club members proposed by Stephen Harper 's Conservative Party and tax credits targeted towards school teachers of up to 15% of one thousand dollar annual expenditure out of their own pocket for buying classroom supplies proposed by Justin Trudeau 's Liberal Party. Harper believes that "citizens, not bureaucrats, know best how to invest in their own communities".…

As the old saying goes, there is two things sure in life, Death and Taxes. Needless to say, taxes have become part of everyday life for Americans and as well others citizens of the world. Politicians always promise to cut taxes and improve the wellbeing of the Nation’s people. As a matter a fact, most people will agree that taxes are one of the biggest annoyance they face. But, what some do not realize is the importance of taxes hold in some nations’ economies and as well as government run…

Sam Brownback has made a lasting impression on Kansas, however not necessarily for the right reasons. He thinks he is going at this the right way, and making the right decisions but he is actually ruining our state. We need to get somebody else in office who is going to think about all Kansans, not just the rich. Although, Sam Brownback had to have done something right to get elected as our governor in the first place, we do not want to re-elect him because he is leading the “March to Zero”…

Wealth Inequality in America is Justified Ralph Waldo Emerson once said, “The only person you are destined to become is the person you decide to be.”(goodreads.com). We are all handed a card when we are born, some are handed a life in wealth while some are born into less fortunate situations. The American Dream is that one will be prosperous and have the equal opportunity for upward mobility. The card you are dealt at birth determines this, meaning that the American Dream is not equally…

Did Darwinism prove that some races were inferior to others? Darwinism had a huge impact on America in the 20th century. It gave people a whole new world view, a way of looking at the world and how everything began. Charles Darwin, originally born a Christian, rejected the religion because as a boy he felt God let him down and that He must not actually be real. This lead Charles to come up with his own theory of how humans came into the world. This world view was heavily based on the concept of…

During the 1750’s to 1900’s after the fall of many absolute governments, a new ideology about governing emerged. This new idea consisted of creating governments whose powers were given by their peoples who were drawn together by a shared a common past, beliefs, and culture; said views eventually lead to nationalism which became a key factor for the growth of power of rising nations during this time period. Throughout this new process of nation building, acquisition of new territories, known as…