How do visualizations of tax compliance assist a company in its efforts to reduce tax risk and minimize the costs of tax preparation and compliance? In your opinion, what would be needed to consistently make visualizations a key part of the tax department evaluation of tax risk and tax cost minimization?
In my openion visualisation, of tax compliance is a most effective tool that we can use to reduce the risk involved in tax procedures and it is such helpull for make more clarifications and awareness about the tax procedures and concepts amoung the company excecutives and stsffs
The visualisation helps to avoid issus may occure during the tax related transactioins by the way of geting an idea about the result of transactions and it also helpfull for handiniling tax related problems may happen unfortunitly.
Tax is one of the main expense should met by all registerd organisations, a careless and ignorance approch to tax payment and other transactions will result in making confussions and turn the tax procedures more complex in future and it also result in increase in cost by many ways
In genarally visualisation is such a better option for seriousness of the tax compliance than any other options, becouse it is low cost application and applicable for huge number of persons
How do visualizations of tax compliance assist a company in its efforts to reduce tax risk...
Detecting unethical practices at supplier factories, to include monitoring and compliance, is a major challenge to say the least. Yet, wages drive costs and it’s an absolute necessity to maintain the lowest cost in production of any good. Or is it? 1. Discuss how important is it for companies, such as Nike and Wal-Mart that source extensively from foreign suppliers located in countries where wages are low and substandard working conditions are common to institute supplier codes of conduct and...
The Purchasing Department of an international airways company is responsible for companywide purchasing. Its total costs are assigned to each division (one division in every country the company is operating in) based on the number of purchase orders the Purchasing Department processes for each division. The Purchasing Department's fixed costs are € 425,000 per year and the department is expected to process 17,000 purchase orders at a variable cost of € 65 per purchase order. Purchasing costs do not include...
Companies invest in expansion projects with the expectation of increasing the earnings of its business.Consider the case of Garida Co.:Garida Co. is considering an investment that will have the following sales, variable costs, and fixed operating costs:Year 1Year 2Year 3Year 4Unit sales5,5005,2005,7005,820Sales price$42.57$43.55$44.76$46.79Variable cost per unit$22.83$22.97$23.45$23.87Fixed operating costs except depreciation$66,750$68,950$69,690$68,900Accelerated depreciation rate33%45%15%7%This project will require an investment of $15,000 in new equipment. The equipment will have no salvage value at the end of the project’s four-year life. Garida pays a...
Check my work Jordan Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company's manufacturing facility incurs two significant overhead...
Campbell Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company’s manufacturing facility incurs two significant overhead costs: employee fringe...
Finch Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company's manufacturing facility incurs two significant overhead costs: employee fringe...
Bluebird, Inc., does not provide its employees with any tax-exempt fringe benefits. The company is considering adopting a hospital and medical benefits insurance plan that will cost approximately $9,000 per employee. To adopt this plan, the company may have to reduce salaries and/or lower future salary increases. Bluebird is in the 25% (combined Federal and state rates) bracket. Bluebird is also responsible for matching the Social Security and Medicare taxes withheld on employees' salaries (at the full 7.65% rate). The...
Please briefly answer the following questions: How do managers assist an organization to achieve its goals and objectives? What factors make the manager’s universe complex? Where are managers located within an organization’s hierarchy? How are the different levels similar? How are they different? What are the regular activities that all managers perform? Which of these activities is called the “first” function? Why? How do the functions in question 4 apply to the three levels of management found in most organizations?...
After-Tax Target Income: Profit Analysis X-Cee-Ski Company recently expanded its manufacturing capacity, which will allow it to produce up to 21,000 pairs of cross-country skis of the mountaineering model or the touring model. The Sales Department assures management that it can sell between 9,000 and 14,000 pairs of either product this year. Because the models are very similar, X-Cee-Ski will produce only one of the two models. The following information was compiled by the Accounting Department: Per-Unit (Pair) Data Mountaineering...
1. Why does a rise in the dollar hurt Markel? How does a falling dollar help Markel? (Shapiro, p. 403) 2. What does Markel do to hedge its currency risk? Can Markel use hedging to completely eliminate its currency risk? (Shapiro, p. 403). 3. What are the basic elements of Markel’s pricing policy? Does this pricing policy reduce its currency risk? Explain. (Shapiro, p. 403) 4. What were the key components of Laker Airways’ operating exposure? (Shapiro, p. 416)