The calculations for the capital gains tax Case Study

The calculations for the capital gains tax - Case Study Example The calculations for the capital gains tax are shown in the appendix. From the calculations it may be observed that it is advisable to sell off the business building before 05th April 2008 as you can avail the indexation allowance and taper relief which are no more available. It may be noted that the indexation and taper relief are the allowanced granted by the government to provide for the increase in the asset value due to inflation (Chris Horne). In case you decide to sell of the property after 05th April 2008 you many have to pay higher CGT of 18,000. However in the case of the personal paintings since they have been acquired only in the year 2005 they do not stand eligible for any allowances and the capital gains will simply be the difference between the sale proceeds and the cost. Hence in this case it is advisable to sell the paintings after 05th April 2008 as the CGT on the chargeable gains can be paid at lower tax rate of 18 percent. Income from employment is subjected to income tax as well as Class 1 National Insurance Contributions NIC). Payment of the Tax and NIC are normally undertaken by the employer through the PAYE system. However the employee who has other incomes subjected to tax and whose tax is not fully paid by the employer may complete a tax return and pay the NIC. Contributions to NIC are being made by both the employer and employee. The employee has to make contributions to NIC at 11percent or 9.4 percent between the primary threshold limit and the upper earnings limit. A charge of 1 percent is payable for earnings above the upper earnings limit. No NIC is payable by the employee or employer on the earnings up to the primary threshold limit. Depending on whether the employee is within the State Second Pension (S2P) or whether he has contracted out using a final salary (FS) or money purchase scheme (MP) the rates of NIC payable on earnings are determined. Particulars Contracted in Within S2P Contracted Out Other than S2P Primary Threshold to Upper Earning Limit 11.0% 9.4% Above Upper Earning Limit 1.0% 1.0% As per the calculations shown in the appended income statement assuming that you have contracted out of the state pension scheme, you may have to contribute 9.4 percent of 23,760 i.e. 2233.44 towards the National Insurance Contribution. Additional Tax Burden on Cigarettes and Wines We understand that you and your wife are both heavy smokers and drinkers. Beware that the budget for the year 2008 has put additional tax burden on the cigarettes, wine, and beer to the extent of 0.14p on a bottle of wine, 0.4p on a pint of beer and 0.11p on a pack of cigarettes and to this extent the cost of these items would go up. We do hope you will revise your consumption of these items in view of increased burden on your income. Other Tax Credits The budget for the year 2008 has made the following changes in other Tax Credits for which you are entitled. Tax Credits 2007-08 2008-09 Child Tax Credit - Family Element 1,845 2,085 Working Tax Credit - Basic 1,730 1,800 Married Couple Allowance 2,440 2,540 We have provided

Clinical Psychology Essay Example | Topics and Well Written Essays - 750 words

Clinical Psychology - Essay Example Psychoanalytical psychology, introduced by Freud, is based on this principle which takes in to account past the history of the patient and analysis its influence on the present thinking of the individual (Background of Counseling, 2010; Historical lineage, n.d). Freud incorporated this psychoanalytical approach in his counseling psychology studies (Background of Counseling, 2010). The early 1900s witnessed the emergence of newer theories related to counseling psychology which laid emphasis on the overall growth and development of a human being rather than mere study of the abnormality. The publication of the book, Counseling and Psychotherapy by Carl Rogers, revolutionized the study of counseling psychotherapy and resulted in the initiation of training programs for counselors and coining of the new term counseling psychologists (Historical lineage, n.d). Carl Roger’s work was based on the specific experiences of people, which have had a profound impact on their lives and the m ethod is now referred to as the Humanistic method, which is a widely practiced method in the field of psychology today. All the studies carried out in the field of counseling psychology focuses on the human mind in order to better understand the working of the mind and to work out a solution to help people overcome their difficulties and problems. The studies have helped to understand how the human mind works under different circumstances. Counseling psychologists have played a vital role in helping people deal with their lives after events such as terror strikes and numerous other accidents and calamities (Background of Counseling, 2010). This field has helped researchers to broaden their understanding about the potential within every human being and help people to develop in to better individuals. Given the growing importance attached to counseling and their resultant positive effects both on the individual and the society, the demand for counseling psychologists is rapidly increa sing. The role of research and statistics in clinical counseling psychologists Clinical counseling psychologists are involved in the assessment, diagnosis and treatment of people suffering from mental disorders. They help people cope with their condition and find suitable means to overcome them and lead a normal life. To help them achieve this goal, psychologists formulate theories and hypothesis that are based on the thoughts and behavior of individuals. Research methods are employed in order to prove the theories and these methods vary depending on the kind of study involved. In general the techniques used by psychologists include observation, assessment and experimentation. Individual behaviors are evaluated through various methods such as laboratory experiments carried out along with suitable controls, hypnotic methods, biofeedback techniques, and tests which help to ascertain the personality traits, intelligence and aptitude of an individual. Other types of methods employed inc lude interviews, questionnaires and clinical studies. In the case of clinical counseling psychologists, who help people to cope with mental disorders or personal problems, patient interviews, psychotherapy for patients and their family and other suitable intervention and treatment strategies are undertaken to

UKs Policy on Training and Development Essay Example | Topics and Well Written Essays - 1500 words

UKs Policy on Training and Development - Essay Example This is a very important feature of the UK government policy on training on development. UK â€Å"will progressively introduce a new loan facility , which will remove grant funding from the 2013/14 academic year, providing the capacity to sustain learner participation with government-backed fee loans for individuals aged 24 or over studying at qualifications at level 3 and above† (BIS 2010a, p. 4). BIS (2010a, p. 4) elaborated â€Å"there will be no up-front costs and the repayments made on an income-contingent basis.† In addition, â€Å"the government has made available  £129m in 2013-14 and  £398m in 2014-15 for these fee loans† (BIS 2010a, p. 4). The BIS claims, however, that while public investment will be reduced, the UK government will â€Å"free the sector from top-down targets and direction to enable a truly demand-led system to develop† (2010a, p. 4). Government will seek â€Å"greater contributions from individuals and employers who benefit most and can afford to pay† (BIS 2010a, p. 4). For 2011-12, â€Å"the total Teaching and Learning budget will be  £3.1bn, of which  £605m will be earmarked for adult apprenticeships† (BIS 2010a, p. 4). However, spending on adult apprenticeships and, relative to the previous government, â€Å"will increase by up to  £250m by the end of the SR period† (BIS 2010a, p. 4). Informal adult and community learning will be retained although they will be â€Å"reformed† (BIS 2010a, p. 4). There will also be â€Å"progression routes for those looking for a way into formal learning† (BIS 2010a, p. 4). Importantly, â€Å"there will also be help for those who are unemployed on active benefits† (BIS 2010a, p. 5). ... 4). There will also be â€Å"progression routes for those looking for a way into formal learning† (BIS 2010a, p. 4). Importantly, â€Å"there will also be help for those who are unemployed on active benefits† (BIS 2010a, p. 5). The UK government policy on training and development comes with â€Å"fundamental policy changes† (BIS 2010a, p. 5). The â€Å"Train to Gain† will be abolished (BIS 2010a, p. 5). â€Å"Funding for workplace training on SMEs will be prioritized† (BIS 2010a, p. 5). Government will more conduct consultations for other changes (BIS 2010a, p. 5). BIS (2010a, p. 5) pointed out that government will reduce bureaucracy by training providers and simplify the further education and skills landscape by abolishing central targets. For example, the BIS (2010b) document localized targets and programs for England based on BIS (2010a). The BIS (2010a, p. 5) said â€Å"colleges and training organisations will be more publicly accountable to le arners, employers, and their communities.† This portion of the UK government program â€Å"will be supported by the introduction of lifelong learning accounts and by the new All Age Careers Service.† As per the claim of the BIS, the UK government training and development policy is founded on three principles (BIS 2010a, p. 1): fairness, shared responsibility, and greater freedom. According to BIS (2010, p. 1), the first principle justifies the â€Å"special attention to young people and those with basic literacy and numeracy skills.† In the second principle, citizens will be called upon to â€Å"take greater responsibility for ensuring their own skills are met† (BIS 2010a, p. 1). Lastly, the principle of â€Å"greater freedom† means â€Å"trusting people to do their job† and the â€Å"primary

Kotter 7 and 8 Essay Example | Topics and Well Written Essays - 500 words

Kotter 7 and 8 - Essay Example ain factors: defined time duration of the project; performance integrity which emphasizes the capabilities of team member; commitment towards goals; and extra effort that employees must make to adopt changes. They believe that progress of projects needs to be monitored regularly to identify bottlenecks for early corrective measures. Article corroborates with the viewpoints of Kotter who believes that regular monitoring of projects ensures that changes are better accepted as part of work routine and consolidates them within the organizational culture. Haddad’s article, on the other hand promotes integration of technology within the organizational processes. I agree with author who contends that technology helps to improves efficiency for higher productivity. The strategic partnership approach of author validates the use technology as it promotes the organizational goals for successful outcome. Kotter’s strategy establishes eight key stages for implementing change: sense of urgency; guiding coalition; create vision; communicate vision; empower short term goals; consolidate change; institutionalize new approach (Kotter, 1998). These are critical parameters that reaffirm Haddad’s strategic partnership to embrace technology for optimal performance. (words; 253) In the article, ‘Why Change Programs Don’t Produce change’ by Beer et al., has raised critical issue of change that must start from the bottom and needs to be supported by the top management to make changes effective and long lasting. They assert that often the change is initiated by the top management without inputs from the employees and therefore fails to become effective. Employees’ participation is vital to make changes effective. Employees’ participation becomes key success factor when change is effectively communicated with defined vision. People become committed to goals when they understand change and accept responsibility for their role to implement them. This is one of the most

Fixing Urban Schools Essay Example | Topics and Well Written Essays - 1250 words

Fixing Urban Schools - Essay Example This project concluded that members of the school board, mayors, foundation leaders and city council need to have an idea on how to improve school systems. One of the vital elements of reform policies that can transform performance in schools is giving responsibility to other school members other than just superintendents. Most superintendents maintain their jobs for approximately three years. The school officials normally hire a different superintendent serious and confident enough to advance a school and raise the performance of students. Three years is not enough to achieve set goals. When a superintendent leaves, he or she leaves behind partially implemented plans and unfulfilled goals. This report declares that big city leaders face issues of political and intellectual types. The political issue is the complexity of developing and maintaining a strong coalition that can conquer the resistance to change that many large organizations face, whose constituency consists of opposing civil employees and interest groups. Only a number of communities have enjoyed the advantage of both a system of political support and strong ideas. Political support is important because it plays a huge role in making ideas come to life. It is not clear how to solve the issues faced by city schools. Without proper direction, the millions of young people’s future living in the city are at stake. This is because they need the public school system to shape their employment ability and their entry into society. (Hill & Celio, 1998). Apart from teachers, members of the school board, mayors, foundation leaders and city council need to have an idea on how to improve school systems. One of th e vital elements of reform policies that can transform performance in schools is giving responsibility to other school members other than just superintendents. Most superintendents maintain their jobs for approximately three years. The school officials normally hire a different superintendent serious and confident enough to advance a school and raise the performance of students. Three years is not enough to achieve set goals. When a superintendent leaves, he or she leaves behind partially implemented plans and unfulfilled goals (Hill & Celio, 1998). The reasons why public schools face these issues is poverty, racial isolation, social instability and labor unrest. It is also helpful if local leaders can gather the needed administrative and political support to attain such reforms. The biggest challenge faced by urban schools relates to the reality that the term connotes worries concerning experiences of education for minority and poor youth. Improving public schools hence communicate s the idea of conquering inequalities in occupational, educational, and social opportunity throughout economic and racial groups. Overview of Current Policy: The policy of fixing urban schools encourages school restructuring as a way to allow improvement in the achievement of students and the effectiveness of an organization. This happened with the appointment of state officials and local appointed boards to run schools. The move prevented any bureaucracy in the management of urban schools. Because of bureaucracy, schools normally have a poor relationship with community and parental networks. This relationship is important because it helps facilitate the effective education of children. Creating a sense of community for public schools is a suggestion by many scholars. They claim that this is what separates different schools socially. For example, catholic schools run based on functional communities. This means that the

Rapid Urban Growth Research Paper Example | Topics and Well Written Essays - 750 words

Rapid Urban Growth - Research Paper Example Planning and controlling the rapid urban growth is a matter of utter importance. It ensures that there is organisation and an intention for consideration of all areas and people in them.  Rapid growth of urban population may imply there is increase in the productivity of urban areas. This results to numerous economic benefits for distribution to all the people even in rural areas of least developed countries. Urban growth initiates realisation of specific potentials within the localities (Glover 1972, 31). If these potentials are exploited for the good of all people rather than for the benefit of the few, then democracy can be on the high.Negative contributions to growth of democracy  Urban growth in least developed countries puts immense pressure on the government functionality. The need to provide the population with necessary amenities as well as facilities for maintenance of better lives is tasking to the government. The efforts of the government in meeting the socialized nee ds of the urban population are the bargaining power.   This means that areas with high urban tend to vote for socialized programs. In least developed countries, this is the main determinant of losing or retaining a power position in the government.Legislative positions in urban areas of least developed countries vary. The urban areas where larger populations dwell seize the main positions and power in the government. When the apportionment responsibility lacks, urban growth would lead and compel the government.

Nirma Case Study Essay Example for Free

Nirma Case Study Essay SUCCESS STORY Karsanbhai Khodidas Patel, the founder of Rs. 2500 crore (US$ 500 million) â€Å"NIRMA† group. Believed in value for money equation Sells 8,00,000 tonnes of detergent powder every year Market share of 35% Market Size : Market Size Closest threat to HUL with 35% market share. Nirma and Nima with 32 variants are distributed through more than 2 million retail outlets, generating gross sales in excess of Rs.2600 crore. The company has reported 4% drop in sales and 13% decline in net profit Margins Achievements : Achievements 7th largest consumer brand by ACNielsen 03. First brand to recognize and harness the power of the Indian rural market. First Indian brands to merit a Harvard Business Review case study Products : Products Consumer Soaps Detergents Edible salt Scouring product Nirma shikakai Nirma shampoo Nirma toothpaste Industrial LAB ( Linear Alkyl Benzene ) AOS ( Alfa Olefin Sulfonate ) Sulfuric Acid Glycerin Soda Ash Pure salt Vacuum Evaporated Iodized Salt SSP- Single Super Phosphate Sodium silicate Soaps : Soaps Nirma Bath Soap Nirma Premium soap Nirma Beauty Soap Nirma Lime Fresh Soap Nima Rose Nima Sandal Nima Lime Nima Herbal Nirma Herbalina Detergents : Detergents Nirma Washing Powder Nirma Detergent Cake Super Nirma Washing Powder Nirma Popular Detergent Nirma Popular Detergent Cake Nima Green Powder Promotion : Promotion Featured a lady washing a garment Daughter was featured on the pack Focuses on value-for-money One of the oldest and catchy jingle first aired on radio in 1975, was broadcast on television in 1982 Nirma Consumer Care Limited Brand value : Brand value Initially every pack of Nirma came with a money back guarantee. Believes in bonding with the consumer. The jingle has been used by Nirma for the last 25 years. Recent Developments : Recent Developments The company has relaunched Nirma Yellow Washing Powder and Nirma Beauty Soap, two of its strongest brands. Nirma Yellow Powder is being re-launched with improved formulation and new advertising. This is an extension of the original ad which will return after the launch is over. Nirma Beauty Soap is being re-launched with a new shape, fragrance and a smarter, brighter pack to improve shelf visibility Acquired Searles Valley Minerals Operations and Searles Valley Minerals