Business insurance and how it affact on the taxes Essay

Business insurance and how it affact on the taxes - Essay Example The tax on insurance premium does not in reality have an effect on the individual policy holder in drastic ways. The more flourishing an insurance cover provider is, the higher their taxation on the insurance premium. Both IRS publication 334 (small business tax guide) and IRS publication 535(business expenses) are readily available in the internet and are a perfect resource for many business owners. Certain types of enterprises should be cautious, and make sure they get skilled tax assistance when they are preparing their income and when they are listing their premium deductions. This is as a result of the tax avoidance schemes which have been caught by IRS over the years. These unscrupulous people have made taxation in businesses exceedingly difficult no for everyone i.e. even for the fair tax payers. There is two common set of laws that are usually applied during the deduction of premiums. One of these laws is that insurance premiums have to be to the advantage of the enterprise and should be intended for a business purpose. The other is that, insurance covers benefitting groups e.g. managers, employees and owners alike and identifying the enterprise, are good. Those premiums that are paid for the advantage of one, normally the owner of the business are bad. There are a number of commonly accepted premium deductions. One of these is credit insurance. Credit insurance is used to cover losses from bad debts for business in order for it to continue running its activities. Another one is group hospitalization and employees’ medical insurance. This one also includes the long term care insurance. Liability insurance is also another one. It helps to protect the business from any losses which would arise from the liabilities within the business. Malpractice insurance also accepts premium deduction. This insurance covers one on personal liabilities for professional

Compare and contrast leadership and management styles of the United Research Proposal

Compare and contrast leadership and management styles of the United States Air Force and Cephalon, Inc. and how it impacts the c - Research Proposal Example This study would discuss the leadership skills they have taken for their country. Management controls or directs people/resources in a group according to principles or values that have already been established. A set of understandings or meanings shared by a group of people that are largely tacit among members and are clearly relevant and distinctive to the particular group which are also passed on to new members. â€Å"A set of common understandings around which action is organized†¦finding expression in language whose nuances are peculiar to the group† (Becker and Geer 1960). (Strategic Leadership and Decision Making: Organizational Culture, n.d). Purpose of study: This research is done to compare and contrast leadership and management styles of the United States Air Force and Cephalon, Inc. This research is done for finding the leadership styles and management styles of the USAF and Cephalon, Inc. This study includes the history, mission, vision, core values, raining p rocess, and opportunity of the organizations. Body: The most important responsibility of the USAF is national security, and their primary focus remained or strategic bombing, and plans for aerial release of nuclear bombs against the Soviet Union close air support to the Army to the delivery of tactical nuclear weapons on the combat zones. I’m retired Air Force and now an Air Force civilian at Pope AFB NC. Airman Raymond Losano and Tech .Sgt. John A.