Management and Organizational Studies 1023A/B Lecture Notes - Lecture 5: Differential Association, Fiduciary, Embezzlement

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1023A/B
• Professor: Barry Hawn

Document Summary

Harmonized sales tax - a consumption tax in canada. Used in provinces where both the federal goods and service tax and the regional provincial sales tax have been combined in to a single value added sales tax. Payroll tax - taxes imposed on employers and employees, and are usually calculated as a percentage of the salaries that employees pay their staff. Can be subject to sales tax (e. g. western) For money we spent taking our clients out entertaining. For accounting we record ,000 per year as business expense, and we are left with ,000 each year. Say if business set a rule that for tax purposes, you can only write have for those purposes. But expense can only be ,000 a year. In this case, the difference is permanent. Suggest we are a company, and we by a car for 10,000. Do it for five years (until the car is worth nothing)