Provisions of the Corporation Tax Assignment Example | Topics and Well Written Essays - 4500 words

Provisions of the Corporation Tax - Assignment Example While the company can claim all the business expenses incurred by it during any financial year, there are certain other provisions governing the capital expenses incurred by the company for the purposes of the business. These are called capital allowances and these allowances cover the expenses incurred for the improvement of the business of the company. By allowing these capital expenses the Corporation Tax Act promotes the working of the companies towards progress. The company can write off all the revenue expenditures incurred by the company against the income being earned by the company. These expenses are in the nature of the expenses which the company has spent on the promotion of the business of the company. For claiming a deduction, these expenses should have been incurred wholly for business purposes and during the previous year. The examples of these expenses include salaries of employees, insurance expenses and other administrative expenses like auditor fees. The company is authorized for the deduction of the interest paid by the company to the banks or other financial institutions for the loans availed by it for business purposes. The interest should have been paid actually during the previous year.The first allowance is in the nature of depreciation on all working assets including industrial buildings and plant and machinery that are being used by the company for the manufacture of products. An amount equal to 4 percent of the cost of the industrial buildings can be claimed by the company by way of writing down allowance. For claiming this deduction the company should have put to use the building in respect of which the deduction is being claimed. When the company constructs some building in an enterprise zone the company can claim the whole cost of the building as a deduction from the chargeable income. The position of the writing down allowance in respect of the plant and machinery belonging to the company is as follows: In general 25 percent on the written down value, a method is allowed as a deduction for the large companies. In the case of small and medium companies, there is a first-year allowance equal to 50 percent of the cost of plant and machinery that can be claimed as a deduction from the income of the company. The companies that spend capital expenditures on machinery which are using energy saving technology can claim the total value of the machinery in full without limits by way of enhanced capital allowance. Bu for claiming the enhanced capital allowance the technology should be one recognized by the government. The amount of capital expense can be claimed in full in the first year itself. But if the company feels that the company would be in an advantageous position then the company may choose to carry forward the deduction for the future years and claim the allowance in part.  

Team Leader Interview Research Paper Example | Topics and Well Written Essays - 2000 words

Team Leader Interview - Research Paper Example The size of a team differs in every organization. This is due to the fact that different organizations and departments have dissimilar objectives, different goals and different expectations in terms of success and the final product. For every organization, to determine how many members will make up the team, different variables and factors are considered (Drouin, 2013). One major factor that is considered is the expectations that the leaders and management have on the team. Different expectations determine how big or small a group is. When the expectations are too high, an organization might decide that the best way to achieve them is by forming a large team (Avery, Walker and Murphy, 2001). In addition, it is important to consider the roles that each of the team members is going to play. If each individual in the team will handle different aspects in the task, the team size might be different as compared to when all team members will handle similar aspects in the task as noted by Mountain and Davidson (2011). Another factor that is considered is the amount and extent of cohesiveness and the level of interconnectivity that is found in a team. Cohesion and interconnectivity are pertinent towards ensuring successful teamwork. When the connection and cohesion is high, the number of members in the team can be less and when it is low, the number should be increased (Edger, 2012). It has been hard to determine the optimum team size, but researchers propose that effective memberships are made of between 4 to 11 members (Robbins and Judge, 2013). However, recommendations brought forward by researchers suggest that 7 to 12 members is an optimum number for problems necessitating high quality decisions (Drouin, 2013). Secondly, when it is important to reach a consensus on a conflict, 3 to 5 members is essential and lastly, when quality and consensus is deemed most