S Election For Cash Basis C Corporation Fraught With Peril
Document the obligation of the company to pay out bonuses based on accrual income, make entries to reflect the obligation and pay them within two and a half months. Make the payments even if you may have to loan money back for working capital and, of course, be rigorous about executing notes if that is required.
Doctor Dino – Kent Hovind May Lose In Court But Will Never Give Up
Kent Hovind is known as Doctor Dino. One of the implications of YEC is that people and dinosaurs must have been running around at the same time. That is why Kent Hovind opened Dinosaur Adventureland allowing for a combination of family fun, Biblical truth and sound science education (from a YEC viewpoint)
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.