The sting in the tail
Article Abstract:
An overview of severance payments reveals that post take-over severance payments to redundant employees are only tax deductible in certain situations. The automatic statutory deductions include: statutory deductions on redundancy payments; deductions for certain additional payments in the discontinuance of trade; and deductions for severance payments made in return for restrictive covenants by employees. Some of the areas where the rules are more complicated regarding severance payment deductibility include: closures following a take-over; transfers of trade after a take-over; severance payments that are part of a take-over deal; and severance payments to employee shareholders.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1989
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What's in a name? Accounting for the 'brand name' of a people business
Article Abstract:
Accounting for a 'brand name' in people businesses, such as advertising agencies, involves several considerations such as: determining if a name actually contributes income; determining how value should be calculated; and determining if assets should be amortized. To qualify as a brand value, brand names must: have a recognizable design that is regularly promoted; a strong and consistent market share; and evidence of above-average customer loyalty.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1989
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