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Taxation of Individual Entrepreneur5 Calculation of assessable profits from the business6 Allowable and Disallowable Expenses8 Liability to tax and obligations and responsibilities in relation to the filing of the different tax returns both...
financial statement information on TESCO and will analyse the information using rations and compare it with its direct competitor. Managing Financial Resources and Decisions Task 1 Select a sole trade, a partnership and a public limited com...
business. To start a new business, it is important for him to know about what type of, business he should go for as there are many obligations of law from which an owner has to pass. The idea of starting the business come to Mr. Simon due t...
UK Law) Task 1 With regard to the scenario it’s important for Lizzy to know that an LLP is a separate legal entity just like a private limited liability company. It is recognised by law, which accords different rights and duties to those i...
financial risks and liability of the business. Taxation laws state that each partner must pay tax in the same way as a sole trader which means that, income is taxed twice. Hence, partnership comprises of limited life, business might finishe...
finances are required to run business especially when business plans to expand or acquire something big they require extra finance to meet their requirement. However, in sole trading business is difficult to acquire as there are limited res...
legal, purchasing and accounting issues that may occur. Four year’s later Cleopatra Scents had become too much for Sandy to manage on his own and so Sandy’s brother Tommy was to have his offer accepted to invest money in Cleopatra Scents; T...