As a sales representative, I am required to travel frequently in the course of my duties. My employer reimburses me $500 each month for the uses of my E-plated car for business purposes. Am I entitled to claim a deduction on the car expenses incurred by me? Are there any order income tax implications? Generally, in respect to salon cars only expenses incurred on Q-plated cars are deductible. The $500 payable by your employer can be viewed from two angles: Round sum allowance at $500 p.m. The amount would be taxable on you with no deduction for car expenses as the car in question is not a Q-plated car. However, the company would enjoy a tax deduction; the payment being additional remuneration payable without any reference to your transport expenses. View Full Article »
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The united shoe decision is worth nothing for at least two reasons. It provides an example of the kind of behavior that courts have taken as sufficient to condemn a monopoly position of under the Sherman act. Further, in giving his opinion, Judge Charles E, Wyzanski, Jr. provided a succinct summary of the development of the law under section 2. The united shoe machinery corporation was formed in 1899 by a merger that combined seven previously independent firms. The government challenged this merger under the Sherman act, but in a 1918 decision the Supreme Court declined to find a violation. From that point on, united shoe machinery dominated the U.S. market for machines used to manufacture shoes. View Full Article »
A small shop adjoining the arcade has become vacant and can be leased for $150 per week on a three year plus three year extension agreement. Rent review will be required if the extension is taken. The shop is virtually empty and will need fittings to make it into a salon; satisfactory electrical and water (hot and cold) services are installed.
Public rest room facilities are available in the arcade. The shop area will permit a double sink setup for hair washing, four chairs for service a small walled, separate room for stock and office making as well as a waiting area with two chairs and a two seat lounge plus magazine table. Plot plants will be used as area separators and add a feeling of comfort. View Full Article »
