Payment based on actual mileage claims up to $500. It could be argued that the payment should not be taxable in your hands. On the other hands, the company would not enjoy en income tax deduction because section of the income tax Act explicitly prohibits deduction of any expenses incurred whether directly or in the form of reimbursements in respect of non-Q-plated cars.

The law provides that the income of a married. Woman…shell be deemed to be the income of the husband, and shall be charged in the name and the husband and not in her name. Separate assessment applies only to earned income. As interest income is not an earned income, the comptroller appears to be correct in raising the additional assessment in question.

Tax Consultant is a post from: BISNIS INTERNET

At the time of the 1953 case, shoe manufacture involved 18 separate processes. Although united shoe machinery faced some competition in the manufacture or machines for individual processes, it was the only company in the United States that marketed a complete line of machines. Many of the machines were protected by patents. United shoe machinery had 75 to 85 per cent of the U.S. shoe machinery market.

The major machines were leased to costumers but not sold. The leases ran for 10 years. Judget hand followed the rule of standard oil: monopoly obtained or maintained by normal methods of industrial development does not constitute a violation of the Sherman act. But the evidence upon which judge hand relied for a showing of intent to monopolize – Alcoa’s continual expansion of capacity in anticipation of demand – raises more questions than it settles. If such conduct is evidence of intent to exclude, few firms with a position of market power can avoid being found guilty under the antitrust laws. This standard – which was later endorsed by the Supreme Court – seems to reserve the lenient attitude toward dominant firms taken in U.S. steel.

United Shoe is a post from: BISNIS INTERNET

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. Coffee will be offered to customers.

Based on three year of salon experience and college instruction, it can be conservatively estimated that each operator / partner will have at least 6 customers per day –this is minimum figure for prudent planning. It is expected that an average customer bill will be $20 – 25 given that prices in the area must be lower than in city shops such as the Elegance Salon where the average bill is approximately $30 – 35. Based on a minimum of 12 customers per day spending $20 each, monthly revenue would be at least $5760 leading to a minimum annual gross of approximately $70,000. Consumables used in hairdressing constitute approximately 15% of sales resulting in an 85% Net Income.

If overhead costs are carefully managed the Net Profit for a business can include a reasonable wage for the owner operator with an opportunity to build a reputation permitting expansion. The later point is an objective of the partner.

Operation plan is a post from: BISNIS INTERNET