Advance taxation Essay Example | Topics and Well Written Essays - 500 words - 1

Advance taxation - Essay Example If Watson considers a change in the payment of tax, the company will need to comply with the rules governing the calculation of tax for a period of more than 12 months. In the case of a period of 17 months, the tax computation will be apportioned into two chargeable accounting periods i.e. a period of 12 months and the other of 5 months. In this case, the trading income will be apportioned based on the time. Capital allowances will however be calculated separately for each of the chargeable accounting period (CAP) Moreover, property income will also be apportioned based on time. Non trade interest on the other hand will be considered in the period of accrual in case there are no details to assist in apportionment. Non chargeable gains will be computed for in the period of the gain while gift aid will be considered in the period in which they are paid. The company will not be entitled to repayment in the first three years since the company has not incurred losses. In the fourth yea, the company will carry forward their entitlement for the non recovered claims plus interest to subsequent years. The relief will therefore be realized in the year 2014 and after. In conclusion, companies must ensure that they compute their tax liability or make their tax claims as per the tax regulations to avoid unnecessary penalties and to ensure that they operate as per tax

Legislative Polices for Healthcare Essay Example | Topics and Well Written Essays - 250 words

Legislative Polices for Healthcare - Essay Example Leiyu Shi and Douglas A. Singh states that healthcare policies in America is shaped by accepting ideas from a number of agencies, campaigns, cabinet members and advisers in healthcare scenario (Leiyu and Douglas 544). The ‘Health Care and Education Reconciliation Act’ (2010), aims to adopt reformatory measures in healthcare sector. This Act is divided into two, the first part deals with healthcare and the second part deals with the student loan system. The Patient Protection and Affordable Care Act or PPACA, (2010), is similar to the first Act/ Law and aims to reform the healthcare sector. These Acts/Laws helps one to realize the importance of reformatory measures adopted by current legislative polices for healthcare in USA. At the same time, the current legislative polices for healthcare provides immense importance to insurance coverage to the needy, especially young adults and uninsured individuals. For instance, the current legislative policies aim to reform the health insurance scenario by reforming insurance practices and available insurance coverage. Besides, the current legislative polices aim to reform the current health plan administration by improving appeals process and non-discriminatory measures or rules for insurance plans. The current health plans impose additional costs on healthcare sector. At the same time, there exists provision in the form of subsidies and tax credits to lessen the burden of taxation. Summing, the current legislative polices for healthcare in USA aims to reform the healthcare sector. Besides, the current legislative sector is ever ready to inculcate innovation to the healthcare sector through effective and timely