Financial Management
First student
While nonprofit and for-profit organizations may have much similarity, they also have significant differences. From the tax perspective, for-profit organizations are taxed in various ways determined by the structure of the organization. For instance, small companies are treated as partnerships and sole proprietorships. They are monitored by the National Revenue Authority and the owners must be help liable for overall business debts. Their non-profit counterparts have the freedom to register for exception from income tax established by provisions of the tax code (Hyatt & Hopkins, 2012). People contributing towards non-profit organizations are eligible to tax incentives for their donations. Not-for-profit entities are treated as legal corporations for purposes of tax. This leaves the owners of the company not to be liable for debts.
The rationale for selected healthcare organizations to enjoy the tax-exempt status
Possible tax exemptions for selected healthcare organizations include tax exemption on fringe benefits, tax rebate on fringe benefits, imputation credit refunds, tax-deductible gifts, and exception from income tax. The rationale for selected healthcare organizations to enjoy the tax-exempt status is their responsibility to the society. The society expects these organizations to return the financial advantage by acting responsibly, remain true to their missions while contributing to the society (Hopkins, 2011). Horticultural and agricultural organizations are eligible for tax exemption status. They include groups involved in raising livestock, forestry, cultivating ornamental plants, harvesting aquatic resources and crops.
I would work in a for-profit organization. Perhaps the most obvious reason for my decision is the possibility...
Goal setting works well for simple jobs -- clerks, typists, loggers, and technicians -- but not for complete jobs. Goal setting with jobs in which goals are not easily measured (e.g., teaching, nursing, engineering, accounting) has posed some problems. Goal setting encourages game playing. Setting low goals to look good later is one game played by subordinates who do not want to be caught short. Managers play the game of setting
Financial Officer For most parts of history, government financial executives have been taken as scorekeepers, and made responsible for collecting, processing and reporting the financial information that used by elected officials and senior managers who use them in making their decisions. The question is whether their role has now changed with the present importance of information technology. (From Scorekeeper to Business Partner: The Evolving Role of Government Financial Executives) Now there is
Non-Profit Organization United Way Worldwide Non-profit organizations abound everywhere in the world and some of these organizations are engaged in charity work. In most cases, non-profit organizations have specialized or dedicated functions such as engaging in the spread of a particular faith, working for the cause of animal welfare, serving to protect the rights of children or even providing assistance to the homeless. There non-profit organizations though that have several initiatives under
To avoid all these hassles, corporates should take the lead. They should ensure that the environment is not harmed in any way and people are treated with respect and dignity without exploiting the people or the environment in any unfair way. Such initiatives get publicity too and this has a positive impact on the company's business interests. Therefore, technology has been another driving factor that induces companies to take the
Secondly, performance-related pay increases prevents inflationary tendencies since such increases are the outcomes of increased productivity. Managers and employees are benefited by performance-related pay increases in the following way: when profit or performance goes up higher earnings go to the employees. However, when the profits come down, the lowering of performance-related pay can protect employees from job losses. Moreover, there is enhanced motivation as employee can identify with the
Securities Regulation SECURITIES REGULARIZATIONS IN NON-PROFIT ORGANIZATIONS The ensuring of the fact that an organization is working as per regulations and is following the code of conduct, while keeping the interest of the public first, are matters which are becoming more and more complicated with the passage of time. Therefore, it can be said with some emphasis, that today one of the most basic issues of many organizations is the issue of
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