How can shielo avoid tainted activities in california

Assignment Help Accounting Basics
Reference no: EM131782067

Question:

Shielo Inc. has two divisions A & B in Colorado. A manufactures ink, and B manufactures computers. Shielo sells ink only on a wholesale basis to printer manufacturers in Colorado, but now plans to sell computers on a retail basis using salespeople in California. Shielo wants to limit the potential tax liability caused by nexus, and will pay $30,000 to a well-trained SALT advisor from CSULA.

a. To what law would you point Shielo with respect to its activities in California? What does the law say?

b. How can Shielo avoid tainted activities in California?

c. What do you tell Shielo with respect to a reorganization that might isolate its computer acctivities and limit possible apportionment of income under the Unitary Business concept?

Reference no: EM131782067

Questions Cloud

Equal amount of money every year : You just turned 25. You want to save equal amount of money every year for the next 40 years so that by the time you are 65 you will have accumulated
What is the size of the payments that must be deposited : What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 7.8%, compounded semiannually.
Prepare a segmented income statement in the contribution : Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts
Determine the balance in the account : The retirement account will fund payments for 15 years. Determine the balance in the account after the 20th payment has been made.
How can shielo avoid tainted activities in california : What do you tell Shielo with respect to a reorganization that might isolate its computer activities and limit possible apportionment
Compute turnover rates : Compute turnover rates for 2011 and 2010 for the following: Finished Goods, Goods in process and Raw Materials
Why is seniority considered a critical issue : Why is seniority considered a critical issue? What are the advantages and disadvantages of using a seniority system?
Finding the value of each annuity : Verify your conclusion to (a) by finding the value of each annuity and the difference between them at t = 25 years.
Discuss employers payroll taxes expenses for this employee : The amount of Federal Income Tax withheld from his earnings was $1,375.17. What is the amount of the employer's payroll taxes expenses for this employee

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd