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Is it possible to deposit a check made out to a club into a personal account the club does not have an EIN but has sponsors donating who write it to the club name for charitable tax reasons?
Wiki User
∙ 13y ago
Most banks will require the account to be titled like the check is titled for a deposit involving a business. If the club has no EIN of its own the proprietor would need to secure a DBA - how to register one varies by state - and use the DBA paperwork to start a business checking account with that title in order to deposit the check.
Wiki User
∙ 13y ago
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How are pension funds administered?
While many fund sponsors hire outside consulting and investment firms to assist with investment of their pension reserves, most also have fund managers in-house, or within their organization.
Tax avoidance and tax evasion in the Philippines?
Tax Evasion is the use by the taxpayer of illegal or fraudulent means to defeat or reduce the payment of a tax. It is punishable by law.Examples: Deliberate failure to report taxable income or property; deliberate reduction of income that has been received.Tax Avoidance is the use by the taxpayer of legally permissible means or methods in order to avoid or reduce tax liability. It is not punishable by law.Examples: Situations where a person refrains from engaging in some activity or enjoying some privilege in order to avoid the incidental taxation or to lower his tax bracket for a taxable year to avoid the higher rate of tax.Tax evasion should be applied to the escape from taxation accomplished by breaking the letter of the law for example deliberate omission to report a taxable item. Tax avoidanceon the other hand, covers escape, accomplished by legal means which may be contrary to the intent of the sponsors of the tax law but nevertheless do not violate the letter of the law.
Who has the power to write tax bills?
the government and obamaNOO!! NOT the President!! The President is the Executor of the law, hence, the Executive Branch. Members of the House of Representatives and Senate write the bills. Then they are introduced and referred to a specific Committee based on the issue (ie a tax bill goes to the Committee on Ways and Mean). It then needs a certain number of co-sponsors (other Members) before it's considered for a vote. Then it's up to the Speaker of the House (House of Reps) or the Senate Majority Leader (Senate) to bring the bill to the floor for a vote. If it's brought for a vote and agreed upon, it's then sent to the other side. For example, if it's agreed upon in the House, then it goes to the Senate for the same process. If it's agreed upon in the Senate, then it goes to the House.Once both sides vote and agree upon the same version of the bill (can change with amendments in each House), the bill is sent to the President.*there are always exceptions the process. There are occasions were the bill goes directly to the floor for a full vote and times when it goes to multiple Committees.Read more: Who_has_the_power_to_write_a_bill_to_be_voted_on_before_congress
What do you mean by project audit?
Project AuditOverviewProjects rarely run through their full life without some surprises. Sometimes the reasons for this are quite reasonable: requirements change, the team learn more about the problem, third-party software turns out not to perform as advertised. But other surprises are symptoms of underlying problems: the technical architecture is flawed, the team structure is making efficient working difficult, the plan is simply much too optimistic, and the project is doomed to cost more than we thought.It is hard for the customer or project sponsor to work out which situation they are in before it's too late to fix problems economically. That is where a project audit comes in: an independent assessment of some or all aspects of the project's health buys at the least peace of mind, and in other cases can make the difference between problems nipped in the bud and a project whose timescales and costs are out of control.The primary purpose of a project audit is to find the reasons for uncomfortable symptoms in the project, and answer questions posed by the sponsor or senior manager. These might include:Am I being told the truth about the current state of the project?Is the project going to deliver something that meets my requirements?Is the technical approach being used appropriate?Should I believe the project plan?Is the project organised appropriately, and are the project processes being followed optimal?Is the project following industry best practices?What should be changed to improve things?The output of a project audit should be answers to these questions, giving practical and specific advice on fixing any problems uncovered, and guidance on improving efficiency for the future.Syntropy normally assigns two consultants to a project audit because pair working greatly speeds up the analysis process, and, for most project audits, time is of the essence. Depending on the project size and the depth and range of the analysis required, the duration of an audit can range from 5 days up to several months, with costs from £6,000 to £75,000 (plus expenses and taxes).Areas of investigationThe list below spells out the full range of issues that a Syntropy project audit might address. In many cases the symptoms that first sparked the requirement for an audit point to particular areas. In such cases, we normally start by specifying the scope as a subset of this list. We expect to review the work in progress regularly (at least weekly) with the sponsor, and this allows us to shift the focus as the analysis reveals more details about the situation.Project managementDoes the project communicate effectively with its sponsors and other stakeholders?Are decisions taken rationally and quickly?Do the management team have appropriate skills and experience?Project organisation and staffingIs the project divided into effective work units (teams)?Are the teams located appropriately?Are responsibilities clear?Is internal and external communication effective?Do the staff have appropriate skills and experience?Are staff working in a suitable physical environment?Project processesHow are tasks identified and allocated?How is progress measured?How is change handled?Is there proper version and configuration management?Project planning and reportingWhat kind of plan is there?Is the level of detail appropriate?How is the plan validated?How is progress against plan reported?Is the project actually at the point where progress reports say it is?How feasible is achieving the future goals in the plan?Technology choice and usageWhat tools and technologies are being used?Why were these tools and technologies selected?Is the selection in line with industry best practice?System architectureHow do the pieces that make up the solution fit together?Can the solution meet the quality requirements (speed, load, reliability, etc.)?How are technical decisions made? Is there a design authority?How are technical decisions recorded?How is technical feasibility demonstrated?Functional requirementsWhat is the requirements analysis process?Do users feel involved in the process?Are the requirements clear, complete and consistent?What kind of design documents are produced?Code qualityAre coding standards in place and followed?Is the code clear, efficient and well-organised?TestingWhat kinds of testing are carried out?Is there a "test first" or "test driven" philosophy?Is testing automated?How are test cases identified?What kinds of test tools are used?Audit processInitiationThe process of carrying out a project audit starts with initiation. In this activity we meet with the sponsor to agree the scope of the audit, list the questions that need to be answered, and gather basic facts about theproject such as scale, locations, goals, history, and progress to date. The output of the initiation is a proposal for the audit which details the goals of the audit, its timescales and costs. We normally regard initiation as being carried out at Syntropy's expense.Enquiry and reportingThe twin tasks carried out during the audit are enquiry and reporting. The traditional style of audit involves a lengthy enquiry phase with a final report appearing at the end. This approach has some problems:no time is left to redirect the audit's focus in the light of issues raisedall remedial action has to wait until after the audit is completeit is difficult to get the correct balance between time spent identifying problems and time spent devising and syndicating solutionsTo address these problems, we prefer to run the enquiry and reporting phases in parallel.Enquiry tasksThe first step is to understand the project "map" (who is who, what are they doing, where are they doing it) and status (where are they up to). This is normally accomplished by reading background documents and talking to the sponsor and project manager.The second step is to select interview candidates, and then to carry outinterviews. Some interviews will inevitably raise further questions and lead to subsequent rounds of interviewing, revisiting some people and meeting other sources. Interviewees may be drawn from both in- and outside the project team.Simultaneously, we would normally acquire and study relevant project documents and files during this process. Where the project includes developed software, it may be appropriate to study this work, both by investigating the operational software and by carrying out reviews of the code.Reporting scheduleWe would expect to produce status reports and briefing papers for the sponsor regularly throughout the review.Status reports are produced daily for very short reviews, weekly otherwise. They describe the meetings and other work carried out on the project, highlight the most important issues that arise, and record any obstacles to progress encountered. These are invariably accompanied by regular informal communication so that the sponsor is always aware of current "hot topics" in the review.Briefing papers are produced to discuss problems identified and suggest possible solutions; these are produced irregularly but as soon as possible within the process, to let the sponsor act quickly on each finding.A first version of the final audit report is generated approximately 75% of the way through the audit process. The content of the audit report will have largely appeared previously in the status reports and briefing papers, and so should not contain any surprises. The report contains both the results of enquiries (i.e. the true state of the project) and recommendations for dealing with problems found.Final audit report contentsSummaryBackgroundQuantified risk assessment, showing for each major risk:** o Nature of risk o Risk likelihoodo Risk avoidance strategieso Outcomes if risk materialises (with probabilities for best vs. worst cases)
What do Formula 1 drivers earn 2014?
It depends on the driver, team & personal sponsors.
How much does Anderson silva make?
5-6 million a fight after sponsors, pay and possible bonus. major sponsors: Burger King, Nike
Does Jackie Chan have any educational material available?
Yes but only in China. Jackie Chan Charitable Foundation sponsors a school safety educational program where they teach children, and teachers what to do in the event of an emergency.
Does the company Adidas do charity work?
There are many different charitable organizations the Adidas brand sponsors. One such charity Addidas sponsored recently was The One Fund Boston that aids in victim relief.
What are Travis Pastranas sponsors?
try this website http://www.travispastrana.com/#/en/SPONSORS/Sponsors/Sponsors/
Is it correct to use the word sponcers or sponsors?
sponsors
How many sponsors did Hernan Cortes have?
He had 6 sponsors.
How does an NFL team make money?
NFL teams make money by basically just playing, but there are a few more factors. When a team is made, they get sponsors. those sponsors are often very successful companies (ex: gatorade, Nestea ect.) So these sponsors are the donating facility of those companies. The manager of donating decides when, and how much that team will get. So for example, there's a guy named Scott from Johnson& Johnson sponsoring the Toronto Argonauts. He gets to decide when they donate to the team and how much they'll donate. Ex: 4,000$ every time they win a game. Hope I helped! -a sixth grader <3
Who are leif ericson's sponsors?
Leif Ericson didn't have sponsors.
How many sponsors can you have when you are being confirmed?
You can have no sponsors! The pope changed it
Does Serena Williams have sponsors?
I know that Reebok is own of her sponsors
Who sponsors survivor tocantins?
Sprint was one of the sponsors of Survivor Tocantins.
