Karma and the New Millennium

Written by William A. Peyton

Continued from page 1

Aren't there any other matters to consider in deciding whether to incorporate or not?

Higher administration costs to comply with company law, payroll and bookkeeping is one factor. Another issue is pension planning. Extracting profits out ofrepparttar company as dividends rather than salary means that there will be no "net relevant earnings" and therefore pension contributions can't be made. Butrepparttar 127035 advent of stakeholder pension plans has meant that contributions up to œ3,600 per year can be made withoutrepparttar 127036 need for any earnings. If a person does not wish to transfer funds in existing plans into stakeholder because of high charges, there is a way out:repparttar 127037 best net relevant earnings (i.e. salary) in five consecutive years can be used for making contributions forrepparttar 127038 next five years, even if there were no salaries inrepparttar 127039 remainder four years. It is comforting to know that entitlement to basic state pension is not affected by taking a salary fromrepparttar 127040 company atrepparttar 127041 level of a person's personal allowances i.e. œ4,615.

Furthermore, an individual may decide not to bother with pension plans and instead invest in ISA. Often, these can be more efficient than pensions but that's besiderepparttar 127042 scope of this article. If that option is taken, no salary is necessary.

Another factor is business motoring. It might be tax advantageous for an unincorporated business that owns many cars not to incorporate because if these cars have some private use there will be benefits in kind taxed onrepparttar 127043 users. These are generally higher thanrepparttar 127044 straight apportionment between private and business for all car running costs inrepparttar 127045 case of sole traders.

The conclusion is that there can be considerable tax savings waitingrepparttar 127046 sole trader who decides to go downrepparttar 127047 road to incorporation. But, one needs to proceed with caution and careful planning. And don't forgetrepparttar 127048 biggest advantage of incorporation, which is Protection from Personal Liability. Incorporating is one ofrepparttar 127049 best ways to protect a business owner from personal liability. Shareholders of a company are generally not liable forrepparttar 127050 obligations ofrepparttar 127051 company. Creditors of a company may seek payment from its assets, but notrepparttar 127052 assets ofrepparttar 127053 shareholders. This means that business owners may engage in business without risking their homes or other personal property.

Thank you for takingrepparttar 127054 time to read this Article. I hope you've found it useful. If you have, please drop me an email and let me know what you think.

You can email me at...


Alternatively, you can visit our website at http://www.tax-accounting-london.info and read a series of other full length articles that presentrepparttar 127055 complete picture on a variety of interesting topics.

If you would like to know how to save tax and make sure that more of your hard earned cash stays with you to expand your business and increase your profits, we have a Free Special Report addressed to small businesses either starting up or already in business. This Exclusive Free Special Report is available automatically when you subscribe to our regular series of Free Newsletters on finance advice and tax planning by visiting our subscription area on our website www.tax-accounting- london.info. It is complied from real life situations dealing with small business tax affairs for over 10 years and it is loaded with down-to-earth advice and practical, understandable examples.

LEGAL NOTICE Whilst every care has been taken inrepparttar 127056 preparation of this article,repparttar 127057 author cannot accept responsibility for any errors or omissions. Proper professional advice should be taken at all times.

We retain copyright forrepparttar 127058 contents of this article. Any unauthorized copying or onward distributions are prohibited without our consent.

William A. Peyton is a U.S. Citizen and is retired from the U.S. Postal Service, where he served as a supervisor and computer expert. Mr. Peyton holds a BA Degree in philosophy and is a life member of Mensa. He is married with one stepson.

Why Does God Permit Wickedness and Suffering? (Part 4)

Written by ARTHUR ZULU

Continued from page 1

A citizen for instance has freedom of movement. But this does not mean that he should drive his car right intorepparttar President’s bedroom. That is a ride to prison.

So you can see that there are limits to human freedom -- those rights have to operate withinrepparttar 127034 confines ofrepparttar 127035 rule of law.

A man who disobeysrepparttar 127036 laws ofrepparttar 127037 State is in effect challengingrepparttar 127038 authority of that State --repparttar 127039 sovereignty, which meansrepparttar 127040 right to rule. Now, when Adam and Eve decided to eatrepparttar 127041 forbidden fruit in exercise of their free will after being deceived to do so by Satan, they were in effect challenging God’s legal right to rule. They were effectively saying to God: “We can tell good from bad. It is better for us to be independent of you. We can rule ourselves without you.”

That was an affront -- a rebellion against their Creator. So God has allowed manrepparttar 127042 past 6,000 years to see if he can do without his creator. In those years, man has tried every political and economic system. Andrepparttar 127043 result?

Helmut Schmidt, former German Chancellor tells us: “We humans . . . have always only partially governedrepparttar 127044 world, and most ofrepparttar 127045 time very badly . . . . We have never governed it in total peace”. Do you agree with him? With all man’s best efforts, do we have peace or pieces of peace? (I am not playing with words.)

But how are werepparttar 127046 children of Adam and Eve who didn’t have a bite at this fruit, concerned in this matter?

It is because ofrepparttar 127047 law of genetics. When our first parents disobeyed, they became sinners -- imperfect people. And imperfect parents cannot give birth to perfect children. So we have all inheritedrepparttar 127048 result of sin -- suffering and death from Adam and Eve.

Here comesrepparttar 127049 questions: why did God plant a forbidden tree inrepparttar 127050 garden? Did he know or not that Adam and Eve would eatrepparttar 127051 fruit? Why did he allow Satan to deceive them? Why did he not destroyrepparttar 127052 sinning trio? And who made Satanrepparttar 127053 Devil inrepparttar 127054 first place? Questions. Questions. Questions.

The answers to these questions inrepparttar 127055 next installment will surprise you as we considerrepparttar 127056 consequences ofrepparttar 127057 rebellion. (To be continued)

Copyright © 2002, all rights reserved

Aboutrepparttar 127058 Author:

ARTHUR ZULU, The Most Controversial Writer inrepparttar 127059 World, presentsrepparttar 127060 above article as an example of topics that make best-sellers. If you want to write a best-seller, download a copy and free excerpt of his best – selling book, HOW TO WRITE A BEST-SELLER at : http://www.1stbooks.com/bookview/10975 For FREE writing helps, mailto: controversialwriter@yahoo.com

ARTHUR ZULU, The Most Controversial Writer in the World, is the author of the best - selling book, HOW TO WRITE A BEST-SELLER.

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