Overview Business owners consider economic and social factors when choosing initiatives for their entities. Entities want...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Overview Business owners consider economic and social factors when choosing initiatives for their entities. Entities want to save tax dollars and reduce their tax liability while also considering the social implications of an incentive. Ethical considerations play a key role in determining which incentive is best for a business. As a tax associate, it is imperative to consider today's current tax laws to best advise your clients. This milestone will help you with Project Two as you finalize your incentive and consider how you will advise your client based on ethical considerations. Directions For this milestone, research two different initiatives to present to SageGreen company. Then, prepare a short memo to your manager to have them review your findings. In your 1- to 2-page memo, explain why you think these initiatives may benefit the company and the ethical considerations, including tax violations, regarding these initiatives. Specifically, you must address the following rubric criteria: Memo 1. Discuss two new federal tax initiatives that SageGreen could add to its company for the next fiscal year. Consider the following in your overview: A. Purpose or incentive B. Government's ideas to accomplish regarding this incentive C. SageGreen's implementation of this incentive 2. Summarize the advantages and disadvantages to your manager. Consider the following in your response: A. Most beneficial to SageGreen B. Least beneficial to SageGreen C. Tax violations to avoid 3. Describe the ethical considerations of a tax preparer. Reference Circular 230 to support your arguments. Consider the following in your response: A. Your responsibility in ethical advice B. Any tax liabilities present 4. Consider how current tax laws impact this initiative. Consider the following in your response: A. Current tax laws and impact on businesses B. Initiative-specific regulations regarding tax laws Overview Business owners consider economic and social factors when choosing initiatives for their entities. Entities want to save tax dollars and reduce their tax liability while also considering the social implications of an incentive. Ethical considerations play a key role in determining which incentive is best for a business. As a tax associate, it is imperative to consider today's current tax laws to best advise your clients. This milestone will help you with Project Two as you finalize your incentive and consider how you will advise your client based on ethical considerations. Directions For this milestone, research two different initiatives to present to SageGreen company. Then, prepare a short memo to your manager to have them review your findings. In your 1- to 2-page memo, explain why you think these initiatives may benefit the company and the ethical considerations, including tax violations, regarding these initiatives. Specifically, you must address the following rubric criteria: Memo 1. Discuss two new federal tax initiatives that SageGreen could add to its company for the next fiscal year. Consider the following in your overview: A. Purpose or incentive B. Government's ideas to accomplish regarding this incentive C. SageGreen's implementation of this incentive 2. Summarize the advantages and disadvantages to your manager. Consider the following in your response: A. Most beneficial to SageGreen B. Least beneficial to SageGreen C. Tax violations to avoid 3. Describe the ethical considerations of a tax preparer. Reference Circular 230 to support your arguments. Consider the following in your response: A. Your responsibility in ethical advice B. Any tax liabilities present 4. Consider how current tax laws impact this initiative. Consider the following in your response: A. Current tax laws and impact on businesses B. Initiative-specific regulations regarding tax laws
Expert Answer:
Answer rating: 100% (QA)
Memo To Managers Name From Your Name Date Date Subject Initiatives for SageGreen Company and Ethical Considerations I would like to present two new federal tax initiatives that I believe could benefit ... View the full answer
Related Book For
Managing Business Ethics Making Ethical Decisions
ISBN: 9781506388595
1st Edition
Authors: Alfred A. Marcus, Timothy J. Hargrave
Posted Date:
Students also viewed these accounting questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Lack of scientific data on the ecological and economic impact of trophy hunting precludes objective assessment of its role as a conservation tool in Africa (Mayaka et al. 2004). Discussion of trophy...
-
After its move in 1990 to La Junta, Colorado, and its new initiatives, the DeBourgh Manufacturing Company began an upward climb of record sales. Suppose the figures shown here are the DeBourgh...
-
Which of the following products are most likely to have significant network externalities? Briefly explain. a. Smartwatches b. Dog food c. Board games d. LCD televisions e. 3D televisions
-
What language was the first to support the three fundamental features of object- oriented programming?
-
Quilts R Us (QRU) is considering investing in a new patterning attachment with the cash flow profile shown in the table below. QRU's MARR is 13.5 percent/year. a. What is the internal rate of return...
-
The standard cost of Product B manufactured by MIT Company includes three units of direct materials at $5.00 per unit. During June, 29,000 units of direct materials are purchased at a cost of $4.70...
-
returns the number of rows that contain the integer parameter. For example, if the array (as created by the Write a method called findRows that takes a two-dimension array of integers and an int as...
-
Kerosene at 20C flows through a contraction section as shown. A pressure gage connected between the upstream pipe and throat section shows a pressure difference of 25 kPa. The gasoline velocity in...
-
In 2020, Juan entered into a contract to write a book. The publisher advanced Juan $50,000, which was to be recovered out of future royalties. If the book was not completed by the end of 2021,...
-
When the benefits and costs of pollution reduction are known with certainty, which regulatory instrument will result in the efficient amount of pollution abatement?
-
Assume the supply elasticity of a product is 1 and the price elasticity of demand is 2. To alleviate the effects of a negative externality, the government places a $2 per unit tax on this market, who...
-
The price elasticity of demand for item A sold -4.0. The price elasticity of demand for item B is -5,0. The marginal cost of item A is $50. The marginal cost of item B is $25. What is the profit...
-
Discuss how specific differences, permanent traits or temporary states, in individuals may contradict Homo Economicus ?
-
2. A firm wants to expand production. Currently they use 40 workers together with four service robots. The firm added two robots four months ago and output increased by 5%. Two months ago they added...
-
Larry Ltd purchased all the shares of John Ltd on 31 December 20X3. John's assets were recorded at fair value except for the following: Land: Carrying amount $47 000 Fair value $70 000 Inventory:...
-
In the circuit shown in Figure 4, a battery supplies a constant voltage of 40 V, the inductance is 2 H, the resistance is 10, and l(0) = 0. (a) Find l(t). (b) Find the current after 0.1s.
-
You are a plant manager at a manufacturing company. Relationship between your management team and factory workers is generally harmonious. You and the other managers have worked your way up through...
-
You own a restaurant in a mid-sized, fairly well-to-do town. Your restaurant is located near many other restaurants in a part of town that has a lot of foot traffic and visitors day and night. You...
-
You are a regional manager for a global company that sells soaps and other personal hygiene products. You have recently read about the base of the pyramid approach to business and are intrigued by...
-
This question is an extension of Exercise 10.22. Consider the data file \(m r o z\) on working wives and the model \(\ln (W A G E)=\beta_{1}+\beta_{2} E D U C+\beta_{3} E X P E R+e\). Use the 428...
-
Consider the data file \(m r o z\) on working wives. Use the 428 observations on married women who participate in the labor force. In this exercise, we examine the effectiveness of alternative...
-
To examine the quantity theory of money, Brumm (2005) ["Money Growth, Output Growth, and Inflation: A Reexamination of the Modern Quantity Theory's Linchpin Prediction," Southern Economic Journal,...
Study smarter with the SolutionInn App