Tax law Case Study Example | Topics and Well Written Essays - 1000 words

Tax law - Case Study Example Jones to change Smithon from a fiscal year end to calendar year end and convert it to an S corporation. You asked that I give you definitive answers regarding the outright purchase of Smithon stock, as well as the potential merger or acquisition of Smithon by Johnson Services. Of these two main issues there are several minor points that need addressed? I will break each section down and answer those questions specifically, definitively responding for each. To be addressed first is, 1. the outright purchase of Smithon stock a. Should you purchase the stock of Smith outright, leaving Smithon intact? What about issuing debt in your Johnson Services company to pay for the Smith Company-would that raise debt to equity issues? It is sometimes better to purchase the stock of Smithon outright, however, in looking at the potential benefit of using the credit power of Johnson Services and issuing corporate bonds you would free up the cash necessary to make changes if they become a need. There is also the added benefit of the debt tax shield. IRC 514 expands on debt-finance income when one uses income gained by borrowing against investment property. (IRC 514) Obviously, an issue is the potential problem with debt to equity, however, given the losses posted by Johnson Services recently it seems expedient to explore corporate bonds or additional share opportunities and use the cash available to re-tool Smithon. By using the available debt tax shield, you stand to benefit in numerous ways from using Johnson Services as a backer for purchasing Smithon. One potential disadvantage is that issuing debt can increase the risk of bankruptcy. (Damodaran 9) b. Should I convert Smithon to an S corporation and change the fiscal year end to a calendar year end? c. What potential income tax ramifications exist for me if I purchase the stock of Smithon and convert it to an S corporation? If you use the credit available from Johnson to purchase Smithon it would be beneficial to retain the C status of that corporation and take full advantage of the corporate tax benefits resulting. However, if you decide to use cash to purchase Smithon and end up with a large personal liability then converting it to S status would become more beneficial. Due to increased taxes on a personal level with the utilization of â€Å"mean testing† it would seem more personally beneficial to retain the C status of the corporation and keep the potential income from that business out of the data included in the â€Å"mean testing.† The income of an S corporation is generally taxed to the shareholders of that corporation rather than the corporation itself. (IRS form 2553 1) As for changing from a fiscal to calendar year end, this would result in filing a short tax year, and additional expenses administratively with no real net benefit. d. Should I merge Johnson Services and Smithon? What type of merger or acquisition would be best (i.e., A type, etc.)? Because there are no available data sets as to the similarities between Smithon Widgets manufacturing and Johnson Services it would be necessary to further explore the ability for both companies to function together. If a merger becomes an option and is pursued successfully the most effective merger type given the information currently available would be the conglomeration merger. This type of merger is between two businesses that are involved in totally unrelated activities. There is the

Article Analysis Essay Example | Topics and Well Written Essays - 1250 words

Article Analysis - Essay Example However, the restrictions have provoked a major reaction from a number of lawmakers and cruise industry players. They argue that the new measure will increase costs for vacationers and the Alaska people who rely on sea vessels for their livelihood (Eliperin, 2012). For many years, huge ships have combusted heavy fuels ( fuels which contain 2,000 times or more sulfur as the diesel utilized by locomotives, trucks, small marine vessels, and construction equipment). The new regulation dictates that large ships reduce the sulfur content of their fuel to 1 percent in August 2012 from the present 2.7%. They arealsorequired to reduce they sullphure content in their fuel to 0.1% by 2015 (Eliperin, 2012; Walker, 2012). The EPA (Environmental Protection Agency) indicates that the new regulation will prevent between 12,000 every year and at least 31,000 deaths by 2030, with the benefits offsetting the costs by 95 to 1. In other words, the new standards will reduce emissions from ships and assist in safeguarding the cities and port communities hundreds of miles away from the coast (Eliperin, 2012). The vehicle and the container shipping industries have agreed to meet the new standards but several firms have indicated that the fuel costs may rise by 25 percent. It is important to note that the playersin these industries do not spend as much time as the cruise industry players within the 200-mile zone. It is hard to estimate how much the cleaner fuel will cost because its availability is not certain. It is estimated by EPA that when fully implemented, the program will come with additional costs to shipping (about $18 for every 20-foot container) and passenger cruise tickets (an additional $7 per day). On the other hand, cruise analysts suggest that it can add as much as $19.46 per day to the passenger cruise ticket. The costs of goods in Alaska are set to increase and thuswill affect the economy Alaska.

American Indians and Free

American Indians and Freedom Essay American Indians have striven for freedom ceaselessly since the colonization in 1800s. But for different American Indians, the definitions of freedom vary a lot. For the chief Seattle, the writer of AUTHENTIC TEXT OF CHIEF SEATTLE’S TREATY ORATION 1854, the freedom means the rights to live with the nature harmoniously and to keep their religion and traditions. For Carlos Montezuma, the writer of Let My People Go, the definition of freedom is very absolute and stems from political rights. His freedom means the rights of managing the stuffs of American Indians totally without the control of white man. From my point of view, the definition of freedom to American Indians is more close to its political definition because the rights of protecting the holy nature will not be given if they lose the political rights. But I argue that the real freedom does not mean the absolute free. Moreover, the chief Seattle and Carlos Montezuma differ in the issue about whether American Indians should accept the management of colonists. For the chief Seattle, he thinks him and his people can accept the management of colonists on the condition that the colonists will not destroy their holy nature. For Carlos Montezuma, he asks the colonists not to interfere the issue of American Indians because the corrupt management of the colonists. I think that American Indians can accept the management of the colonists if they can own enough political rights. The best way is to contend for a democracy system and government for American Indians rather than just asking for leaving the control of the colonists. It is obvious that the two writers own quite different understandings when they face with the same wordfreedom, as I mentioned at the beginning. The writer of AUTHENTIC TEXT OF CHIEF SEATTLE’S TREATY ORATION 1854 shows deep love to his ancestors and the things his ancestors leave for them. He uses â€Å"sacred† to describe its ancestors and â€Å"hallowed ground†, â€Å"verdant valleys†, â€Å"murmuring rivers† and so on to describe his living environment. Also, the writer thinks that their religion is â€Å"the Great Spirit† and gives them in â€Å"solemn hours of the night. † Yet, in the perspectives of these American Indians, the colonists refuse to accept and respect the holy nature and ancestors of Africa Americans. The writer writes, â€Å"Your God is not our God! Your God loves your people and hates mine! † The quote indicates that American Indians in Seattle fear deeply that the colonial rule will ruin their living environment, religion and traditions. Hence, for the writer, their freedom means the respect of their culture. Nevertheless, Carlos Montezuma, the writer of â€Å"Let My People Go†, asks for totally different freedom. He writes, â€Å"The Indian Bureau is the only obstacle that stands in the way that hinders our people’s freedom. †, â€Å"†¦when the Indians will need the most help in this world , †¦ the Indian. Bureau will cease to exist†¦Ã¢â‚¬  and â€Å"the Indian employees in the Indian Service; their personality is destroyed†¦they have nothing to say. † These quote express the strong willing of American Indians to escape from the control of White Americans because of the corruption of Indian Bureau. So, the definition of freedom to Carlos Montezuma is the rights to express their own willing and achieve more political rights. I quite agree with Carlos Montezuma because he wants to ask for more political rights. Even if the Big Chief at Washington promised that the new colonists will respect the culture of the American Indians in Seattle, he can easily renege on the promise without the political rights or the protection of the law. On the other hand, the chief Seattle and Carlos Montezuma own different attitudes towards the issue about the management of white American. Carlos Montezuma hastily wants to abolish the Indian Bureau system rather than improve the system. Carlos Montezuma writes, â€Å"The Indian Bureau system is wrong. The only way to adjust wrong is to abolish it, and the only reform is to let my people go. † The quote expresses the urgent willing of Carlos Montezuma to stop the run of the wrong system. He owns the opinion to escape the control of White Americans. However, I think that American Indians can accept the management of colonists only if the colonists launch laws to protect the American Indians and give them enough political rights. The opinion of stopping the run of the system is too arbitrary and naive. It is highly possible that a ruder way to manage the American Indians created after the abolition of the old system. Carlos Montezuma cannot accept the management of White Americans at all. But the chief Seattle’s requirements related to the acceptance of the White Americans’ management perhaps is without much consideration. The chief Seattle writes, â€Å"But should we accept it, I here and now make this condition that we will not be denied the privilege without molestation of visiting at any time the tombs of our ancestors, friends, and children. † The quote has implication that the chief Seattle will accept the colonial rule on the condition that the colonists will not hurt their ancestors, friends and children. And in the same paragraph, the writer emphasizes the importance to protect their holly hillsides, valleys, plains and so on again. I argue that his thoughts and requirements are too premature and primitive. These are the basic rights for human beings. Even these rights are promised to give these American Indiana, they are still far away from freedom, as I regard it. Therefore, the real freedom cannot be achieved either by abolishing a wrong system and totally losing control or by asking for so limited rights and show kindness or obedience to the colonists. Of course, freedom definitely is not what the Chief Seattle thinks. He views freedom as the rights on the foundation of compromise and only asks for poor limited rights. Besides, for me, freedom also is not absolute like Carlos Montezuma thinks. It does not mean you can do what you want without others’ management and totally losing control. Freedom means you can own all the proper political rights under the protection of an impartial system or laws. The most significant issue for the real freedom is to create a right system or laws to protect the rights legally for these American Indians. No matter the chief Seattle or Carlos Montezuma, they both lack in the consciousness to create a right system or laws to protect themselves. If this kind of thing can be done, the existence of India Bureau or the colonial rule of White Americans does not matter to them at all. For this reason, it is so vital for American Indians and also other races to force the society to create a more and more impartial system ceaselessly. Works Cited Carlos Montezuma, â€Å"Let My People Go†: An Address delivered at the conference of the Society of American Indians in Lawrence, Kansas, N. p : n. p ,1915 Dr. Henry A. Smith, AUTHENTIC TEXT OF CHIEF SEATTLE’S TREATY ORATION 1854, N. p : n. p ,1887.

Deregulation of the Electrical Industry :: essays papers

Deregulation of the Electrical Industry The roots of modern day regulation can be traced all the way back to the late 1800's and found in the form of antitrust. By the beginning of the 20th century, the U.S. government had formed the interstate Commerce Commission to regulate the railroad industry, and shortly thereafter, many other regulatory commissions were founded in the transportation, communication, and securities fields. The main goal of these regulatory commissions was to create a reasonable rate structure that would be appealing to both producers and consumers. While this system has worked for many years, it has recently come under heavy criticism, with many people pushing for open competition among electric power producers. Although once believed to be an impossible proposal, competition among electric power producers is finally a reality in a few areas. Massachusetts is just one state where legislation implemented to create competition among electric power producers is not only favored by the people of the state, but has also provided significant rate reductions as well. The attempt at regulating price in the electric industry is a troublesome one. The objective is not only to minimize the cost to consumers, but also to create a rate structure that will entice the electric company to remain in the industry. The regulatory commission wants the electric company to have a reason to innovate so that they will be able to provide cheaper power in the future. However, if the commission captures all gains from innovation in the form of lower prices, then the electric company has no incentive to undertake any type of innovation. Therefore, a compromise must be reached which would provide adequate incentives for firms to undertake cost-reducing actions while at the same time ensuring that the price for consumers is not exorbitant. The term regulation refers to government controlled restrictions on firm decisions over price, quantity, and entry and exit. Each factor of an industry must be regulated for producers and consumers to truly benefit. The control of price does not mean setting one fixed price, but rather entails the creation of a price structure for purchasing electricity during peak and non-peak times. The control of quantity refers to the government's attempt to control the amount produced or in this case the amount of electricity produced. For example, in the electric industry, it

Mexican Americans in American Popular Culture Essay

It is a known fact that modern entertainment media created certain images and stereotypes of Latin, Asian and other ethnic minorities living in our country. American cinema movies, TV series or even PC games mostly picture the members of Latin and Mexican cultures as aggressive tempered mustached guys, who smoke and fight a lot, and who are always involved in drug distribution or some criminal activities. This tendency had very negative effects on our minds, and many of our citizens are convinced that there are no educated, good-mannered and decent people in Mexican communities. I was always wondering why it happens this way, and studying some historic material, including the articles from the site Digital History, helped me to find some answers on this question. This tendency proved to have a long history and it was formed during the second and the third decades of the twentieth century, when Hollywood producers started expressing their concern and fears caused by the afflux of talented Mexican actors, including Lupe Velez or Dolores Del Rio, their success and public recognition in the US. That is why many performers of Latin origin were given the roles of bandits, thieves and other not attractive characters. After the World War II a number of movies were produced, in which the directors tried to restore the image of Mexican Americans, but after the 1960s, when the problems of illegal immigration from the South became topical, caricaturizing the Mexicans continued. During the last decades, negative characters of Hispanic origin have been appearing in many popular cinema movies or TV series, starting from Chico and the Man and ending with 24. Also, a great contribution to reinforcing the distorted images of the Mexicans was made by a series of popular video games Grand Theft Auto (GTA). In my opinion, this situation is really dejecting, and I am convinced that recent attempts of Mexican artists to demonstrate their true cultural identity and unique distinctive heritage must be supported in our society, and their ethnic voices must be heard.

Marketing Position Paper - 1851 Words

MKT 301-2 April 1, 2013 Revenge TV Show STP Revenge is an American television primetime soap opera that first airs on ABC on September 21, 2011, the show has two seasons. The episode also aired on Wednesday nights at 10 PM Eastern Time. Revenge becomes ABC’s highest-rated series in Wednesday’s 10 P.M timeslot. Revenge is American Drama episodes created by Mike Kelley, the major location of the scene is Los Angeles, California and Southampton, New York. Each shows is approximately 43 minutes. â€Å"The Series was picked up for a full season by ABC after garnering a 3.3 Nielsen rating in the all-important 18-39 age advertising demographics for its pilot episode and regularly winning its timeslot against every other television network.†Ã¢â‚¬ ¦show more content†¦Many women who fell into this category are going to spend fair amount of time everyday watching this TV show because this could be the one of the many ways for housewives and office lady to relief from stress and boring lifest yle. This group of women is big consumer of media on the whole, they engaging with a variety of platforms on the daily basis. Compare to man on the same age group, women are generally consumer more TV shows, and predictably those with children, daytime viewing is integral part of their day. Vast majority of ethnicity of this group are White American and African American Female, might also include Hispanic and Asian population who has been in USA at least in past 5 or 8 years. The third potential segment group is both male and female from age 45-57 year old, this group of people have the most of income from $2500-$95000. As the population lives longer, people’s attitudes are staying younger. Generally male and female in this time bracket are time-rich than they were when they were younger; many of them still place a significant emphasis on their family and homes. Many of them are grandparents now and some of them are getting close to retired, there is likelihood that they will live with their offspring. This group of people are very experienced and have some leisure time at home and therefore are likely spend some time to watch Revenge TV show. 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Case Study Complete Accounting Solution - 1912 Words

Introduction Complete Accounting Solution, LLC is a web-based complete accounting services business for small to mid-sized companies. Using only certified accountants, the company is able to handle any and all accounting functions by offering different sized packages based on individual company needs. Using a virtual accountant saves businesses money by only paying for the time the accountant provides services, versus a company having a full-time accountant on staff. The company headquarters is located in Seattle, Washington, where the cost of living is low and accounting jobs pay well. The two Founders of the company moved there when they started as accountants at the eleventh largest accounting company in the country, prior to opening†¦show more content†¦The pricing strategy will include a 15% discount for the first three months of signing up with the company, and a 100% money back guarantee for any dissatisfied customer. There will be four basic pricing packages; price ranged from $1 25 to $350 monthly. There will also be custom add-on options. The packages pricing is dependent on how many bank accounts and credit cards the business utilizes, with the smallest bookkeeping package managing two credit cards and bank accounts and one custom option, with up to five bank accounts, five credit cards, and four custom add-ons managed for the largest package. This type of business pricing model is popular among many virtual accounting companies. The custom options are: Payroll reconciliations for W2 employees, tracking multiple revenue streams, tracking reimbursements to clients or employees, and accounting for loans, leases, or lines of credit. As the client base builds, additional packages will be offered in order to fit the needs of different business types. Additional remote accountants will also be added as the demand for services grow. Strategic Plan Complete Accounting Solution, LLC strives to provide competent and reliable accounting services remotely for small to mid-size businesses. Clients using a