Module 5, 6 and 7 Essay Example | Topics and Well Written Essays - 1500 words

Module 5, 6 and 7 - Essay Example The three aspects of consultancy that a consultant should be able to differentiate are intercultural, transnational or transnational and multicultural environments of consultancy. Intercultural consulting is where interactions occur across borders of two or more cultures, for example when an individual from a particular country goes to work in another country. It is important to identify the cultural patterns that distinguish national cultures or particular regions. These patterns may be found in proverbs and story lines that appear repeatedly in the literature, art and films of certain cultural societies. The idea is to learn as much as one can about that society. This will promote an understanding between the consultant and the individuals of the society they will be working in. it will also facilitate proper communication since the consultant will be knowledgeable about the things they should and should not do or say. The second type of environment is the transnational or transcultural consulting. This is whereby an individual or organization can identify with more than one nation or culture. This is good for the business as they can refer to a variety of cultures, languages and experiences as they carry out their work. Such individuals can also work as a bridge connecting particular cultures and languages which work in favor of the business. There is really not much difference between the transcultural and the multicultural as multicultural consulting refers to many different ethnicities, cultures and nationalities existing within the same organization. All of these will enable the business acquire more reliable information from experts who have had different experiences. Another factor that will favor the business is if the consultant has the necessary skills of inquiry. These skills are crucial to the business as they enable the consultant learn about the organization and

Taxation Project Essay Example | Topics and Well Written Essays - 2000 words

Taxation Project - Essay Example Are legal entities whereby the income flows to owners or investors; implication that income is treated as either income of the owners or revenue for the investors (Siegel & Shim, 2010). Basing on the local tax regulations, the structure can avoid dividend tax and even the double taxation since only investors and owners are always taxed on the income. They are usually considered as non-entities for tax purposes since they are not taxed but taxation flow through to other tax returns. Types of flow through entities include limited partnership, general partnership, scheme corporations, limited liability companies and master limited partnerships. This is a partnership where some of the partners are general whereby they are entitled to manage and control business while other partners are limited to the contribution of capital only. A legal document that stipulates specific requirements are usually drawn up for limited partnership. It a partnership whereby almost all partners has gone limited responsibilities depending on the jurisdiction. In this partnership, no single partner is held responsible for another partner’s misconduct or rather negligence. It should be noted that pass through entities pass profit/loss to owners/investors/shareholders and therefore do not pay tax on its income. The owners of the pass-through entities move items on their income tax return. Partners in their individual capacity are subject to tax as per their distributed shares through the net income of the entity. When it comes to corporations, taxes are charged differently for other kinds of business structures. A corporation is the only business type that must pay its income tax on the profits generated during a particular fiscal period. It should be noted that corporate is a separate entity from its owners; the tax is charged on all profits than