The Profile Your Attitude To Investment Risk Finance Essay - Free Essay Example

Sample details Pages: 12 Words: 3577 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Are you willing to take any risk with the capital you are investing? If yes, how much risk are you prepared to take? How would you feel, if your investment(s) lost 0-10%, 21-30% or even more in the short, medium of long term? How long do you wish to invest for? Are you going to need to access your investment within a year, or do you have a longer time frame mind i.e. 5 10 years or even longer? Do you have a specific investment goal you need to achieve I.e. school/university fees for your children, holiday of a lifetime etc. Don’t waste time! Our writers will create an original "The Profile Your Attitude To Investment Risk Finance Essay" essay for you Create order These are questions you need to answer, especially if you have never invested before and/or have no idea where to look for assistance in helping you decide how in what to invest. Before investing any money, you should make it your priority to ensure that you have sufficient funds set aside to protect you (and your family) in the event of an unforeseen emergency, ie redundancy, repairs to your home or car etc. Typically you should have the equivalent of 3 6 months of your total outgoings, including any mortgage/credit commitments, household bills, food, travel/motoring costs etc, set aside in an Easy/Instant Access account with a bank or building society. If this isnt the case, you should make this your priority. What is Attitude to Investment Risk? Before investing any money, be that by way of monthly payments and/or a lump sum(s) it is important that in addition to your current financial situation, you have a clear understanding of your Attitude to Investment Risk as this will have an impact not only the type of investments you should be considering, but also whether your investment timeframe is realistic. There are two ways to think about investment risk: Your capacity or ability to take risk. This is all about your financial circumstances and goals. If you have more wealth (disposable income) and can invest over the medium to long term (5 10 years), you may be more able to accept a higher degree of risk. Your attitude or willingness. This is more of a mental approach. Some people may not be at all comfortable with the thought that their investment can fall in value rather than rise. Others may be prepared to accept a higher degree of risk in exchange for the potential of higher returns. How to determine your individual Attitude to Investment Risk There are various to assess your Attitude to Investment Risk. If you dont feel confident enough to invest your money yourself, Financial Advisers can help you develop your risk profile by completing a detailed Factfind to build up a complete picture of your personal financial situation. The Factfind should also include an Attitude to Investment Risk questionnaire which the advisor will ask you to complete. All of this information will then be used to determine your Attitude to Investment Risk and the Advisor will use this to advise on the most suitable investments for your money. It is important that you ask any prospective Financial Adviser about his/her investment experience and qualifications. At one end of the scale are independent advisers, who should consider all product types in the market. At the other end will be those offering simplified, or basic, advice. Consumers should be aware that these are essentially sales-driven advisers, usually selling just one companys products and often working for a large organisation, such as a bank. Here, advisers wont take a close look at the customers financial circumstances but will just be giving basic advice about a simple product. (Simon, 2012) You can find a Financial Advisor near to you through Unbiased.co.uk. You should also check that an advisor is registered to give investment advice by checking their details on the Financial Services Authority (FSA) Register. Further information about choosing a Financial Advisor and useful information about Savings Investments can also be found on the FSAs MoneyMadeClear website. If you intend to research your investments options yourself, it is just as important that you determine your Attitude to Investment Risk and do so honestly and objectively. You can use an online questionnaire, known as a Risk Profiler to do this. The questionnaire consists of a series of short statements, each of which is followed by a scale where you indicate the extent to which y ou agree or disagree with the statement. In January 2011 the FSA produced a paper on risk suitability. A key point in this FSA report was that assessing suitability is not just about the risk a customer is willing to take but must also take into account the clients capacity for loss and their objectives and circumstances. (Loosemoore,2011) Although the wording of the questions may vary between Risk Profiler Tools, in the main, the questions are based on the Alistair Byrne David Blake Risk Profiling Questionnaire. When using a Risk Profiler tool, it is important to bear in mind that the questions have been designed according to the established principles of psychometrics, that is, the science of measuring individuals attitudes. This means, however, that these questionnaires do miss the personal questions that a financial advisor would ask you during the course of your meeting. Risk Profiler Tools are also unable to take into account any assets and investments that you may already have, so it is important that you take these into account when answering the questions. There are free to use Risk Profiler tools available online from many leading banks financial institutions. Whilst complying with professional standards, many people within the Financial Services industry believe these can be biased direct prospective investors towards the providers own investment funds, which may be overpriced compared to other similar investments available. An independent Risk Profiler tool may prove a more suitable alternative i.e. Fina Metrica, which asks more questions and gives a better, independent assessment of your individual risk profile. However, these come at a cost to the user and as a result many people may decide not to use them. This could, however, be a false economy if they give a more unbiased view than the free of use profiling tools. It is important to remember that if you invest without taking professional advice, you will be responsible f or your decision to buy, so if the investment turns out to be unsuitable for you, you will have fewer grounds for complaint. Definition of Attitude to Investment Risk Once you have answered all the questions, the Risk Profiling tool will indicate the risk profile that matches your Attitude to Investment Risk. Risk Profiles fall into different categories and can vary in number depending on the Risk Profiler tool you have used. The main categories are: Very Cautious (No Risk) Cautious (Low Risk) Balanced (Medium Risk) Adventurous (High Risk) The industry standard descriptions of these Risk categories are as follows: Very Cautious Preserving your capital is the most important factor when you consider your savings. This means that you are more likely to restrict your savings (for growth or income needs) to cash deposits, cash ISAs, interest bearing savings accounts and similar products that also offer ready access to your money and are covered under a depositor protection scheme. You understand the effects of inflation on your capital (and any interest received) and how this can reduce the real value of your money over time. Cautious The opportunity to achieve reasonable returns (for growth or income needs) is important to you but you want to invest in a way that preserves more of your capital if stockmarkets fall. You may have little or no experience in taking investment risks, but accept this may be necessary to achieve returns potentially equivalent to or higher than those available from cash deposits. You understand that this could involve your capital being invested for five years or more with low to medium exposure to stocks and shares and other more riskier investments. You understand that the value of any investments you make will fluctuate and you might get back less (or more) than you invested (at maturity or earlier). Balanced The opportunity to achieve attractive returns (for growth or income needs) is very important to you but you also want to invest in a way that does not expose all of your capital to more riskier investments. You have some experience in taking investment risks and accept this is necessary to achieve potential returns much higher than those available from cash deposits. You understand that this could involve your capital being invested for five years or more with medium to medium high exposure to stocks and shares and other more riskier investments. You understand that the value of any investments you make will fluctuate and you might get back less (or more) than you invested (at maturity or earlier). Adventurous You are an experienced investor and are prepared to take on very high levels of investment risk that offer the potential to achieve exceptional returns. This opportunity to achieve exceptional returns (for growth or income needs) is a key priority for you even in circumstances where it might pose a significant risk to some or all of your underlying capital. You understand that a high-risk investment could involve your capital being invested for five years or more with maximum (up to 100%) exposure to stocks and shares and other more riskier investments. You understand that the value of any investments you make will fluctuate and you might get back much less (or much more) than you invested (at maturity or earlier). It is important that once the Risk Profiler has confirmed your Attitude to Investment Risk category, you are honest with yourself about your own emotional willingness and financial position to accept risk and review how this is reflected in the summary of your rel evant Risk category. In some cases it may be approriate to selecting an alternative Risk category. A good way to test your own emotional willingness to handle risk, would be to initially invest with small amounts of money on a monthly basis and increase the overall amount of money you invest based on the returns you achieve and your appetite for handling greater risk. If you feel uncomfortable accepting any amount of risk, then investing might not be suitable for you Investment Options Asset Classes Having ensured that you have a sufficient level of emergency fund set aside, decided on the amount you wish to invest, the timeframe for that investment and confirmed your Attitude to Investment Risk, where and how do you invest and which asset classes should you invest in? It is important that you understand the different types of asset classes, the level of risk for each class and how to spread your investment across the asset classes to create a investment portfolio that matches your Attitude to Investment Risk. There are a number different asset classes to invest in, each of which come with different risks. The four main asset classes are: Cash (low risk), Bonds (low medium risk), Property (medium risk) and Stocks Shares (medium high risk). These can also be sub-divided into further specific categories, ie Commodities, Hedge Funds etc. Cash Is perceived as the least risky of the asset classes, but tends to deliver low returns. However, dont think that that there arent any risks with cash investments for example the spending power of your money might fall if inflation is higher than the interest rate you receive. This is known as inflation risk. Examples of Cash or Cash equivalent investments are: Cash ISAs, National Savings Investments (NSI), fixed notice savings, fixed term investment bonds and high interest savings. In the 2012/13 tax year, the Cash ISA allowance is  £5,640 and you can top up your Cash ISA account on an annual basis every tax year. All gains you make from the interest youre paid are free of income and capital gains tax. NSI is a government backed service for savings and investments, offering a range of products and designed to help people save money. As its run by the government, it means that 100% of your savings are fully protected, which is much better than the  £85,000 that the UK s Financial Services Compensation Scheme (FSCS) provides if your bank goes bust. NSI offers a range of investment products such as premium bonds and simple cash accounts, childrens savings products. They also sell inflation-linked savings certificates. NSI dont provide market-leading interest rates, on their products as a rule, but if your risk profile is Cautious then this gives the safety youre looking for with your cash and this type of investment could be a good option. Bond Investments Examples of Bond investments are: Gilts (government bonds) or Corporate Bonds. When you invest in a Bond, you are lending money to a government or a company in return for a fixed interest rate for a set period of time after which your money is repaid to you. To get the extra reward that these investments can offer, you have to be prepared to accept the risk you could make a loss. However, although Fixed interest investments are are perceived to be the next risk up from cash, they should be less risky than equities. A normal UK government bond (or gilt) could look like this Treasury stock, 6%, 2018. This shows the following: the issuer This is the department that issues the gilt (Treasury) the coupon This is the rate of interest to be paid (6%) the redemption date This is when the loan is to be repaid (2018) Corporate bonds are issued by companies these that are looking to raise capital. This type of investment is seen as riskier than government bonds as a rule, as companies have a higher risk of default on debt than governments. Corporate Bonds may offer investors a higher rate of interest for taking on this risk. You may also wish to consider purchasing Bonds from governments or companies around the world. However, bearing in mind the financial difficulties that governments within the Eurozone and companies worldwide have experienced in recent times you need to be aware that investing your inheritance or hard earned cash in this way can be a higher risk and should check that investing this way still matches your Attitude to Investment Risk profile. Property Investment in property can consist of a residential Buy To Let property that you own rent out and/or commercial property. The three categories of commercial property are: Retail property this includes retail warehouses, supermarkets, shopping centres and shops on the high street. Office property purpose-built for businesses. Industrial property like warehouses and industrial estates Investing in Buy To Let or commercial property can deliver returns through rental income and capital growth from the possible any increase to the value of the property. However, Buy To Let commercial properties can stand vacant for long periods of time, resulting in a loss of rental income and the property crash of 2007/08 saw investors lose money, illustrating that investing in property does have risk. Furthermore, investing in property on your own can be expensive and property funds may be more suitable, whereby your funds are managed along with those of other investors by a property fund manager. However, when innvesting in property you should be aware that you may not be able to encash your investment whenever you choose because the land and buildings may not always be easy to sell and during periods when they are not readily saleable the provider may refuse or defer the re-purchase of your units. Stocks Shares (Equities) Is the final asset class and considered the most risky. This is mainly because stock markets around the world can be highly unpredictable as the volatility of the past few years has proved. Investing in UK equities is considered a lower risk than say US equities, while emerging markets are considered the most volatile (such as India, China or Brazil). These markets and the equities within them are viewed as the highest risk as you are investing in less well-known companies and thorough research should be undertaken before considering any investment in this area. The profit from shares comes in two ways, either in dividends and/or capital growth. Dividends Companies distribute their profits by dividend payments to shareholders. These payments are usually paid out twice a year. Dividends are more likely to be paid by longer established larger companies the dividend pay-out will be dependent on how profitable the company is. Smaller companies tend to reinvest their profits to help grow their business so are less likely to pay out a dividend. If a smaller company does manage to successfully expand, the value of your shares could grow and start paying dividends at a later date. Capital growth If you sell your shares for more than what you paid for them, this provides you with capital growth i.e. an increase on your initial investment. The price of your shares can go down as well as up and they are affected by internal and external factors. There are two basic types of shares issued by companies that you can purchase: Ordinary shares If you purchase ordinary shares, you become a part-owner of the company. Ordinary shares are voting shares, this means you also get a say on matters relating to the company, this could include voting on directors fees or agreeing on a takeover. You are also entitled to a share of the companies profits once it has met all of its other financial obligations. These are known as dividend, but the payment of dividends are not guaranteed and are made at the companys discretion. There are no guarantees with ordinary shares which is a risk so you may not get any share of the profits and, youre the last in line to be repaid your capital if the company goes out of business. Preference shares There are no voting rights for these shares. However, as the name suggests, preference shareholders usually receive a share of the profits before ordinary shareholders, this is usually limited as defined by the issuing company. In addition to this, preference shareholders get paid before ordinary shareholders should the company goes out of business. Preference shares still have risks to your capital investment but not quite so big a risk as ordinary shares but payments are usually less. Tax on shares Income from dividends is paid after 10% tax has already deducted, even if you choose to reinvest it or have the dividend paid in shares or cash. Basic-rate taxpayers have no further tax to pay. But if you pay no tax personally, this tax is still deducted and cannot be claimed back. Higher-rate taxpayers have to pay 32.5% of the gross dividend, either by self-assessment or by completing a tax return. Highest rate taxpayers pay an extra 42.5%. Taxation on selling your shares Currently you are allowed to make a Capital Gain of  £10,600 (2012/13 CGT allowance) before tax is payable. Creating an Investment Portfolio to match your Attitude to Investment Risk The principle of risk and return is that the higher the level of risk you are willing to take, the higher the potential return could be. However the reverse side of this principle is that if you take a higher level of risk, the potential for loss also increases. It is therefore important that when investing your money, you ensure that you spread your investment across all four asset classes to minimise the risk and maximise the potential returns. This is known as diversification and your attitude to investment risk will dictate the percentage split of your overall investment into each of the 4 asset classes. You also need to bear in mind how much of your money you would be prepared to lose when determining how much to invest in each asset class. As the saying goes: Dont put all your eggs into one basket. In addition to the aforementioned points, it is also important to decide whether you are investing for Growth or Income or a combination of the two, as this will also impa ct on how you diversify your portfolio as you can see from the following charts. An example of a Balanced (Medium Risk) Income Portfolio could look like this: Asset Class Percentage Split Cash 5.00% Government Bonds/Gilts 12.00% Corporate Bonds 20.00% UK Equity 61.00% Overseas Equity 2.00% Property 0.00% As a pie chart, the asset allocation would look like this: Whereas a Balanced (Medium Risk) Growth Portfolio may look like this: Asset Class Percentage Split Cash 5.00% Government Bonds/Gilts 5.00% Corporate Bonds 10.00% UK Equity 47.50% Overseas Equity 25.00% Property 7.50% The corresponding pie chart would look like this: Investing money is a complicated process and not for the faint hearted. Determining your Attitude to Investment Risk from the outset should enable you to ascertain whether or not investing on the whole is the right way forward for you and your inheritance/hard earned savings. It is important that you review your attitude to risk on a regular basis and particularly if your personal circumstances change. That long term investment goal may have to become a medium or even short term goal and it is important that your investment portfolios are rebalanced on an ongoing basis match your Attitude to Investment Risk on an ongoing basis.

Personal Experience Attending Powerhouse at the Honda...

Power 106, also known as the radio station 105.9 in LA, hosted an indoor music festival, also known as POWERHOUSE, at the Honda Center located in Anaheim. I was lucky enough to attend this concert and I want to share my amazing experience. Since it was a music festival, there was not only one performer, but there was a line-up of performers. The line up consisted of 10 main performers and special guests. The performers go by the stage names of: Childish Gambino, Juicy J, Trey Songz, Nicki Minaj, Wiz Khalifa, Schoolboy Q, Jennifer Lopez, Sage The Gemini, YG, and Isaiah Rashad. The concert started at 7pm and ended at 2am, with each performer having a set time that ran from 15 minutes to 30 minutes. After each performer their were small intermissions that took place so that the following artist could prepare her/his set on the stage. With many songs to select from that were performed at Powerhouse, my five favorite performances were: Jenny From The Block by Jennifer Lopez, 3005 by Chil dish Gambino, Super Bass by Nicki Minaj, Studio by Schoolboy Q, and Heart Attack by Trey Songz. Although all of the performers did an outstanding job, their were 3 specific performances that really stood out and caught my attention. My absolute favorite performance from the concert was by Jennifer Lopez who performed Jenny from the Block. Two specific things that I enjoyed about this performance were her use of dancing, using up the whole entire stage making sure to entertain the whole

William Shakespeare s Macbeth And Richard IIi - 906 Words

William Shakespeare employs a variety of techniques in his plays to show good characters from bad characters; one such technique as the application of deformity or an abnormality manifests itself physically and psychologically with the dramas. The incorporation of a defect, whether it be physically or psychology, reveals flawed characteristics within the said character. Most of these flawed characteristics, though revealed in different situations, share similar problems and consequences. For example, Richard III, also known as The Tragedy of King Richard the Third and The Tragedy of Macbeth exemplify two kings that are willing to do anything to achieve ultimate power, the crown. It is Richard and Macbeth’s ambition that drives them to commit the murderous acts within the plays. Though different figures, each share a common goal and a similar defect. Both Macbeth and Richard suffer from deformity; Richard’s physical deformity and Macbeth’s psychological deformity become embodiments of their ambition and eventually bring them to their inevitable downfall. The destructive literary psyches of Macbeth and Richard III speak to both a physical and psychological deformity; through Richard s physical deformity and Macbeth s psychological deformity, Shakespeare dramatizes the consequences of following blind ambition. Scholars of Shakespearean works find a Freudian psychoanalytical approach to the plays provides deeper understanding into the actions and motives of the characters,Show MoreRelatedCompare the ways Shakespeare presents fear and doubt in Macbeth and Richard III?1222 Words   |  5 Pagespresented in Richard III and Macbeth Macbeth is a tragedy play written by William Shakespeare. The play is set in Scotland during the mid  11th century. But, the play was written in 1606 at a time where James I was on the throne. 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Andrew Jackson and the Removal of the Native Americans free essay sample

In Worcester v. Georgia, a case where a Cherokee tribe appealed to the Supreme Court, the ruling was, in fact, in favor of the Cherokee Indians. Chief Justice John Marshall, in the majority opinion of the Court, wrote The Cherokee nation, then, is a distinct community, occupying its own territory, with boundaries accurately described, in which the laws of Georgia can have no force. He clearly stated that the Cherokee Indians have a right to their own land, are completely separate from the state of Georgia, and the whole problem is a both national ND state issue, notes a national one.However, Andrew Jackson did not feel the same way. Instead of enforcing the Supreme COUrts decision, Andrew Jackson refused to recognize the Cherokees as an independent nation and proceeded to forcibly remove them from their homelands. (Doc 2) Many different diverse Native American tribes were forced to leave the lands that they call home and migrate to Oklahoma territory, land that was very different from what they knew. We will write a custom essay sample on Andrew Jackson and the Removal of the Native Americans or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page They were in a foreign place. The Seminole, Creeks, Cherokees, Choctaws, and Chickasaws Indian tribes are just a few examples of the Indians removed from their homes (Doc 4).In document four you can see that they all came from very different and unique lands and were all simply grouped into one territory. Andrew Jackson had no sympathy for them. He called them savages and recognized them as an inferior race (Doc 3). He also said that they had neither the intelligence, the industry, the moral habits, nor the desire of improvement to change their condition. Andrew Jackson biblically degraded Native Americans everywhere ND made his hatred well-known.The Indians that were relocated to Indian Territory were deeply affected. They expressed their feelings and heartbreak through their different forms of art. Document six shows a painting of the Trail of Tears. The painting has many different aspects that all add together to create one deeply moving picture. In it you can see the forlorn looks on the faces of the Native Americans and on the faces of the animals (Doc 6). The dark sky portrays an ominous presence which emphasizes the sadness in the trail itself.Document five is a poem called the Trail of Tears. It very clearly explains how they feel about their situation; tired of having to walk so far from their homes to this new land, betrayed by the lies that Americans told them, torn from losing their homes, broken-hearted that their families have been ripped apart by war (Doc 5). Art gave the Native Americans a way to express the mixture of emotions that they were feeling from being wrongly treated and deceived. Through examining their artwork, we can see how difficult the whole ordeal was for them.Andrew Jackson should have never passed or enforced the Indian Removal Act in the 18005. He encouraged the mandatory movement of Native Americans from their homelands to a completely different territory. This selfish deed was not supported, but entirely disagreed with by the Supreme Court. It forced Native Americans to leave the lands that they called home for centuries and it affected many Native Americans on a personal level. Andrew Jackson was completely wrong in his actions. Although the past cannot be changed, there is much to learn from it.

Contract Cancellations Trigger Taxes †Free Samples to Students

Question: Discuss about the Contract Cancellations Trigger Taxes. Answer: Introduction: In order to ascertain the taxability of an individual, it is essential to determine his source of income so that it can be decided whether such income is associated with a business affair or not. Besides, if such income source is associated with a business affair, it must have been carried out for making profits (Barcokzy, 2010). After evaluating the given case, it can be summarized that Anna Wanderlust being a tax lawyer have indulged in online blogging activities wherein she can share her experiences about traveling. For such purpose, she has also posted about her accommodation at various hotels and has reviewed them as well based on their hospitality and other services. However, in relation to various tax rules and regulations, for an activity to be regarded as a business affair, several points must be taken into account. Furthermore, in the Evans case law, it was pointed out that one particular point could not solely determine the truthfulness of a business affair. Since the major business of Anna was performing lawyer services and not blogging, the profits attained from such affair must be carefully evaluated (Nethercott et. al, 2013). In relation to this, the following perspectives can play a vital role: Even though the business affair has not interrelation with any economic activity, yet it can be regarded the same because it is carried out on a regular basis. This means that payment for the same is also received consistently that makes it an economic activity. Further, it may be presumed that a company that pays a prescribed amount for advertising different places has hired the blogger. This means that payments to the blogger for advertisement are primarily promotion expenses incurred by such company. Besides, it must also be taken into consideration that the blogger has been consistent in providing reviews and thereafter, received economic benefits for the same (Fullerton et. al, 2017). Thus, such income relates to an economic activity and is taxable in the bloggers hand. Besides, if the provision of online reviews through blogs has been done for any other motive apart from earning a significant amount of profits, it will be disregarded from the computation of taxable income. In relation to the determination of economical affair, it must be evaluated whether the business has been conducted for earning profits or not. Besides, in the given case, Anna being a tax lawyer has earned a significant amount of profits from her blogging work that is a hobby for her. However, when it comes to determination of an economical affair, it cannot be disregarded that such significant profit figures obtained by Anna cannot be included in computing her total income (Sadiq et.al, 2017). On a whole, it is very clear that any business affair that provides significant profits to the individual must be considered a taxable activity. Recurrence of the affair Any affair can be regarded as an economic or business affair if there is recurrence in it. Moreover, it can be clearly seen in the case of Anna that being a tax lawyer by profession, she started blogging about various accommodations where she visited. Besides, such blogging activity occurred on a repetitive basis and that had assisted Anna in attaining a significant amount of profits. Hence, this is clear that such activity was incurring on a regular basis and it fetched huge profits to Anna. Further, by offering reviews about various places, Anna obtained an opportunity wherein she could not only earn advertising fees but also obtain other advantages in kind such as free leisure accommodation, etc. Nevertheless, by considering all these situations into consideration, it can be concluded that the activity undertaken by Anna is primarily a business activity that has been undertaken for the sole purpose of attaining profits ((Renton, 2005). Besides, carrying of such activity has been r ecurring in nature that sheds light on the fact that the income earned by Anna from her blogging activities is taxable. As per the case law of Stone (2005) an old policewoman was an athlete and received many payments in terms of cash prizes, sponsorships, grants, etc. When it came to the point of return she included only the police salary and not the receipts from the sporting business. The High court held that all the receipts were assessable because it is of a continuous nature. La Leche had offered a contract to Anna under a condition that Anna would take relevant steps to advertise its baby product. Nevertheless, in this agreement, it can be seen that there are no fraudulent intentions of both parties as it purely looks like a valid and simple contract. However, in the upcoming tenure, the product manufactured by La Leche had to be terminated, as it comprised of restricted contents. As a result, the company did not pay the amount that was agreed to be paid to Anna and instead, she was provided with a mere compensation of $7200 owing to the contracts termination. Therefore, in relation to the given case, the prime consideration will be the amount of $7200 attained by Anna owing to the termination of the agreement. Moreover, it is important to know that the service provider is under an obligation to deduct some amount after the termination of the agreement and that is taxable because it constitutes a business income (Kobestky, 2005). In other words, from the arrival of terms of the agreement to its termination, all occurred during the normal course of business and therefore, it must be regarded as a business activity. Similar incident was noted in the case of Allied Mills (1989) where the compensation for the cancellation was income in nature and assessable. As per the agreement, Anna was offered to be provided $600 every month for her services and it is a doubt whether the termination amount of $7200 attained by her must be taxable in her hands or not. If the product had not been terminated, Anna would have received such $600 every month, and that would have been taxable in her hands. Moreover, the lump sum amount received by her also contains the attribute of taxable income in her hands. In simple words, such amount has a direct bearing on the business affair and therefore, it must be regarded as an income (Hopewell, 2012). The reason behind this can be attributed to the fact that such termination amount had been provided owing to the failure of the agreement, else it would continue as was agreed. Thus, even though there was no performance of work on the part of Anna for fulfilling her services, yet the termination amount attained must be regarded as a contract income and must be taxable as business income in her hands. Hence, it can b e concluded that the lump sum amount attained by Anna owing to the contracts termination is a normal business affair, and must be taxable in her hands (Kenny et. al, 2017). Similar instance was observed in the case of heavy minerals (1996) where the compensation payment was considered to be an income and hence taxable. However, there is dubiousness as to whether such amount attained on 01/08/2016 must be taxable in 30/06/2018 or not. In relation to this, Anna had to take legal advice from the court for recovering the contract amount in March 2018. Moreover, she had to encounter a loss of contract wherein the amount was equivalent to her terminated contract amount. Nevertheless, after ample negotiations betwixt the company and Anna, it was decided that the company would pay the entire sum of money as agreed in the contract. In this case, it is notable that such negotiations were conducted in the year-end 30/06/2018 while the amount was paid on 01/08/2016. Hence, there remains no doubt, whether such amount was accrued in the same year as well. In other words, the lump sum amount was delayed until 01/08/16 but was contracted in the same year. On a whole, the amount attained by Anna owing to cancellation of the contract must also be considered as income in her hands and must be taxable in the year 30/0 6/18 (Wood, 2012). The case law of Sports-R-Us Ltd And Investment Holdings Limited can be taken into consideration in this scenario. It was agreed in this case that Sports-R-Us Ltd would offer various services associated with selection of commentators and announcers for various events that were supposed to be conducted in the place of Investment Holdings Limited for five years. However, the service was unable to be performed by Sports-R-Us Ltd and was terminated after one year owing to severe competition. In this case, the service provider offered to pay twenty thousand dollars to the receiver for non-fulfillment of the contract (Pratt Kulsrud, 2013). Moreover, the taxation authorities decided that such termination amount attained by Investment Holdings Limited must be taxable in their hands, as it arose as a normal course of business. Therefore, after analyzing the above case law, it must be clear that the lump sum figure obtained by Anna because of termination of the agreement must be considered as a normal business activity, and the income must be taxable in her hands as business income. References Barcokzy, S 2010, Australian Tax Casebook, CCH Australia Ltd Fullerton,I.G, Deutsch, R, Friezer, M.L, Hanley,P Snape, T 2017, The Australian Tax Handbook Tax Return Edition 2017, Thomson Reuters: Australia Hopewell, L 2012, Australia tax inquiry opens submissions, viewed 24 August 2017, www.zdnet.com.au. Kenny, P, Blissenden, M, Villios, S 2016, Australian Tax 2017, Thomson Reuters: Australia Kobestky, M 2005, Income Tax: Text, Materials and Essential Cases, Sydney: The Federation Press Nethercott, L, Richardson, G., Devos,K. 2013, Australian Taxation Study Manual, Sydney. Pratt, J. W Kulsrud, W N 2013, Federal Taxation, Oxford university press. Renton N.E 2005, Income Tax and Investment, 2nd edition, Sydney adiq, K, Coleman, C , Hanegbi, R, Jogarajan,S, Krever, R, Obst, R, Teoh, J Ting, A 2017, Principles of Taxation Law 2017, Law book Australia Wood, R.W 2012, Contract Cancellations Trigger Taxes, viewed 24 August 2017, https://www.forbes.com/sites/robertwood/2012/02/08/contract-cancellations-trigger-taxes/#528b21b8278c

5 College Traditions at Smith College Everyone Should Know About

Are you waiting to hear back from Smith College? Or, are you thinking about applying this fall? Either way, here are 5 college traditions at Smith you should know. Chartered: 1871 Location: Northampton, MA Type: Liberal Arts Size: Small Undergraduate Students: 3,033 Campus: Urban Notes:Smith College is apart of the five-college consortium, which includes Amherst College, Mount Holyoke, Hampshire College, and University of Massachusetts Amherst. Convocation One of Smith College’s favorite annual traditions is convocation, which signifies the start of a new school year. All the houses create a theme, in which all house members dress up or dress down and on the evening before the first day of classes everyone rally’s together for a big celebration. Each house marches, cheering and chanting house songs to the John M. Green Hall where the President and faculty give a speech welcoming back the students to campus and a good luck on the new school year. Mountain Day Mountain Day happens once a year during the fall semester, where on one nice day the president will ring the bells bright and early in the morning that cancels all classes for the day, allowing students to go out and enjoy the nice weather. Most students take part in house activities such as apple picking, kayaking on paradise pond, or hiking. Julia Child Day As many may know Julia Child, the famous chef is a Smith alumna, class of 1934, and once a year every dining hall will cook one of her world famous recipes for breakfast, lunch, and dinner. Each dining hall serves a different recipe, so you can imagine there is lots to choose from1 Otelia Cromwell Day Otelia Cromwell was the first African-American student to graduate from Smith. Each year the college cancels afternoon classes so students can take part in workshops focusing on diversity and race. Rally Day Rally Day, which was celebrated to commemorate George Washington’s birthday, is now a celebration for Smith alumnae to be awarded Smith College medals by the president. Rally day is also a day of celebration for the seniors. For the graduating class, Rally day is the first day the seniors publicly sport their graduation caps and gowns and it is also the reveal of who is the commencement speaker at graduation. If you werent considering Smith College before, you should now. Learn more about the college and its student body by browsing our database of 60,000+ successful college application files.

A PT Essay Sample

A PT Essay SampleA person preparing for the PSAT or SAT is given a PT essay sample to write and then the student must do something with the essay. Since this is an exam and not a personal essay, it is up to the student to make the most of the essay. Writing an essay to pass the exam is no easy task. The essay needs to stand out from all the others, to be interesting and to be real.To be able to write such essay, the student must study what should be included in the essay. He or she must know how to structure the essay in such a way that it will be interesting. An example of a good essay will be given and the student must follow what is written in the essay and use it as a reference.In order to get an idea about the things to include in an essay, the student can go through an example of a personal essay. This is an example of a real essay that has been written by someone who was being interviewed for a job. Reading these examples will give an idea about what the student should include in the essay.During the college essay examination, writing an essay on the topics about themselves can be hard. The students who do not have the knowledge will find it difficult to write an essay about themselves. But with the help of the PT essay sample, the student can follow the instructions and write an interesting essay. An example of an essay with some of the topics include about being self-motivated, relationships, success, and self-confidence.Another aspect about writing an essay that the student can use is how to deal with the type of topics that are usually asked by the professor. Topics like goals, career, education, and even living in a given area will be part of the discussion of the essay. The essay will not be an easy task, but the student will know what to say, when to say it, and how to say it.An essay is not a simple thing to do. It requires a lot of work and many people fail at it because they lack the skill. The question is what do the students do? In order to d o well on the PSAT or SAT, the student must prepare well and be creative about how to do the assignment.For this reason, the essay can be something that can be used for a student to prepare for the real one. It can be used to build up the student's skills and also to gauge how well he or she has studied in his or her particular subjects. Writing an essay that a student can use to prepare for the real one will make the course easier for the student to pass.The PT essay sample gives the student the opportunity to practice and get familiar with writing a real essay. After all, it is not easy to sit down and write an essay when you don't know what you are doing. By using the PT essay sample, the student will be able to write and know what he or she needs to write.