Research and determine the key legal responsibilities and liabilities of all of the managers and directors...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Research and determine the key legal responsibilities and liabilities of all of the managers and directors in the four (4) business structures below; 1. Sole traders-Sole trader 2. Trust Trustee 3. Company - Board Member/Director and Financial Controllere 4. Partnership - Partner You must focus on the following four (4) areas: • taxation - how much tax you pay and the types of taxation payable, record keeping requirements, • licencing and business registration, Insurances Research and determine the key legal responsibilities and liabilities of all of the managers and directors in the four (4) business structures below; 1. Sole traders-Sole trader 2. Trust Trustee 3. Company - Board Member/Director and Financial Controllere 4. Partnership - Partner You must focus on the following four (4) areas: • taxation - how much tax you pay and the types of taxation payable, record keeping requirements, • licencing and business registration, Insurances
Expert Answer:
Answer rating: 100% (QA)
1 Sole Trader Taxation Sole traders are taxed at individual income tax rates They are personally responsible for all taxes related to their business R... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these business communication questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
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...
-
The presence of magnetic monopoles would require a modification of Gausss law for magnetism. Which other Maxwell equation would need modification?
-
You have been told that the yield to maturity on 3-month treasury bills is 4% and t he current inflation rate is 2%. Estimate the real rate of interest.
-
Scorchys Tacos restaurant is considering expanding into suburban markets in Houston, Texas, with three new locations. Because of the floods in 2017, many restaurants never reopened, creating a...
-
On April 20, 1992, Daniel Hubbard (plaintiff), a potato farmer, and UTZ Quality Foods, Inc. (UTZ) (defendant), a potato chip manufacturer, entered an installment contract under which Hubbard agreed...
-
Novak Corporation is preparing its 2010 statement of cash flows, using the indirect method. Presented below is a list of items that may affect the statement. Using the code below, indicate how each...
-
distributed database management system, are there any concerns or issues managing distributed database management systems, and if so, why?
-
Several years after reengineering its production process, Dettling Corporation hired a new controller, Alana Metzgar. She developed an ABC system very similar to the one used by Dettling's chief...
-
Create a batch file to check the number is positive or negative. Task 2. Create a batch file to check the number is even or odd. Task 3. Create a batch file to perform the following: a) Display your...
-
Part 1: Graph The position vs. time graph below is for an object that is exhibiting SHM. The position function is: x(t) = Acos(wt+). Use this graph to fill in the table. x (m) JAAL 25 50 75 100 125...
-
7. There is a clear gap between bob and floor which is equal to 'd' in equilibrium. Now pendulum is pulled a side by angle and released. Find maximum angle e such that it oscillates without touching...
-
If the speaker vibrates back and forth at 200 Hz how much time passes between each time it produces a maximum in pressure? Thanks! Press CLEAR to change your answer. 0.002 seconds 0.005 seconds 0.02...
-
The torque required to turn the crank on an ice cream maker is 4.50 Nm. How much work does it take to turn the crank through 300 full turns? 4240 J 2700 J 1350J 8480 J 2120 J
-
01.) Positive charges of +Q and negative charges of -Q are placed on the corners of a square as shown. What is the direction of the electric field E and the sign of the electric potential V at point...
-
Jason, the owner of a furniture store, is thinking about hiring an independent contractor to do deliveries for him. If the individual contractor proves unreliable, Jason is, of course, entitled to...
-
1. What is the semi-annually compounded interest rate if $200 accumulates to $318.77 in eight years? Answer in percentage with two decimal places. 2. What is the quarterly compounded interest rate if...
-
In 2012, Margaret and John Murphy are married taxpayers who file a joint tax return with AGl of $25,000. During the year they incurred the following expenses: Hospitalization insurance...
-
In 2012, Lou has a salary of $54,000 from her job. She also has interest income of $1,700. Lou is single and has no dependents. During the year, Lou sold silver coins held as an investment for a...
-
Yolanda is a cash basis taxpayer with the following transactions during the year: Cash received from sales of products........................................................................$65,000...
-
The mean height of American males is 69.5 inches. The heights of the 43 male U.S. presidents* (Washington through Obama) have a mean 70.78 inches and a standard deviation of 2.77 inches. Treating the...
-
Contrast the assumptions for a finite distributed lag model with those for an infinite distributed lag model.
-
Compute delay, interim, and total multipliers for finite and infinite distributed lag models.
Study smarter with the SolutionInn App