Online community management Research Paper Example | Topics and Well Written Essays - 250 words

Online community management - Research Paper Example If I were in its managerial position, I would have placed the loyalty of customers and credibility of the firm far above fear of negative publicity. I would have come out clean and let the customers hear from me directly the current crises facing our company and ask for ideas as to how to solve our problem. While considering the advice of the firm’s lawyers, security experts and banks, I would have still placed my shareholders firsthand in any decision making process that I would be involved in. wrong advice from external sources has often led businesses to their ruins. A good leader knows when to follow their instinct and to trust that what they are doing is the right thing. Target tried to calm its customers by giving false assurances to which it went back on. This was not such a bold move. Customers need to know the truth even if things are in turmoil. Giving them false assurances and going back on your word only breeds dissatisfaction and disloyalty. Critisism may be present when shareholders are hit with the devastating news but the reputation of the company of the company will be

Individual Income Taxes - Tax-Deductible Losses Research Paper

Individual Income Taxes - Tax-Deductible Losses - Research Paper Example Casualty loss is not deductible if the damage or destruction is caused by accidental breaking like glassware, fire that was set willingly and finally a car accident is neglected or willingly act caused it. Keeping adequate records is one of the most important things a taxpayer can avoid a potential IRS audit doesn’t result in any assessment of additional tax, penalties and interests. This method helps you defend yourself against IRS audit. According to the United States internal revenue code, there are certain losses that are considered for tax purposes. This means that the loss can’t be compensated by Insurance and it must be sustained during the taxable year. If the losses are casualty or theft of personal, family, the loss must result from an event that is identifiable, and damaging or unusual nature. Losses incurred in a business or a profit-seeking activity are deductible whether if not they are due to casualty or theft (Pratt & Kulsurd, 2012). Under the current tax laws a casualty loss deduction is allowed if the extent of the loss is not reimbursed by insurance. This law was enacted because of the natural causes that frequently happen and the insurance companies are not fully equipped and able to pay for the massive damages caused. The tax-deductible losses have been modified for years, allowing losses under the tax code. In the 1880s deductions were allowed for losses related to fire and shipwrecks. In the 1990s it covered natural disasters and other casualties and theft. The federal government has responded in so much losses by offering aid to help cover by removing debris and rebuilding areas hit hardest Some people are covered by insurance but the insurance doesn’t cover the entire loss fully, if a tax payer doesn’t have insurance, he/she can be compensate by the federal income tax return for the casualty loss related to disaster.