Business Taxation Essay Example | Topics and Well Written Essays - 1250 words - 1

Business Taxation - Essay Example This scheme is said to help in reducing the amount of paperwork as one need not necessarily keep track of all VAT expenditures. For one to register for the VAT Flat Rate Scheme, these conditions are worth noting. First, the estimated annual taxable turnover should be below  £150,000 (SJD Accountancy Ltd, 2015). Secondly, if one already joined the scheme will continue staying in it until its turnover hits  £230,000 per year. Third, the taxpayer will not be able to claim back most of the Vat paid on the purchase of goods and expenses. However, a VAT claim can be made to the HM Revenue and Customs on capital assets costing  £2,000 and above. Fourth, a VAT Flat Rate Scheme registered business will be required to charge the full VAT rate on all goods and services and file a return every quarter (Easy Accountancy, 2015). When Molly registers as a VAT Flat Rate Scheme, she will benefit from this scheme by earning money from the VAT because she will charge her sales the normal standard VAT rate of 20% but pay the lower rate of 8.5%. Therefore, the extra revenue earned from this scheme will be: According to the HM Revenue and Customs (2015), tax evasions are an illegal act and are where an individual deliberately attempts not to pay the tax due. The corporations or individuals engaging in tax evasion misrepresent their incomes to the relevant tax administrating body. Such misrepresentations are in the form of inflating deductions, underreporting incomes and using offshore accounts to hide money and its interest (Cornell University, 2015). In simpler terms as put by Murray (2015) and the Taxpayers Australia (2014), tax evasion is the illegal act of failing to pay taxes by failing to report income, reporting disallowable expenses, or failing to pay the tax owed. On the other hand, tax avoidance is a legitimate way of minimising taxes by using the avenues approved by the tax authority

Assess and comment on presentations Essay Example | Topics and Well Written Essays - 1500 words

Assess and comment on presentations - Essay Example The presentation fails to define natural language and conversational interface, which are two key terms that should not be left undefined because we, the audience, need to understand the presenter’s scope of definition. Other limiting sections of the presentation are the First Street Investments example that does not fully capture the concept of natural language and conversational interfaces, and the use of only two references by the author. The researcher should have used at least six references to add depth to his arguments. 2/5 – use of a good example and good definition of a key term. The lack of a definition for natural language and conversational interface, limits our ability to fully evaluate the author’s understanding of these key terms. Limited use of references. The first item we notice is a wrong presentation title. The title is not appropriate because a communication interface need not necessarily be a conversation interface. Graphical interfaces are also communication interfaces and from the presentation the author restricts himself to conversation interfaces. Another concern is that the presentation is unnecessarily lengthy probably because of redundancy for example conversation interface is defined in slide 3 and 12, and the slides look clumsy from too much wording. Nevertheless, one of the biggest strengths of the presentation is the definition of key terms - natural language, conversation interface and natural language – and the presenters discipline in restricting his/her conversation within the given boundaries. Based on the author’s definition of both natural language and conversation interface the example provided about a webpage is appropriate. However, we notice that half of the resources used for reference are pr e year 2000. The presenter should seek more current references to work with. The presentation structure and skill utilized here