Abstract purpose the article is a report of an investigation of the current state of knowledge management implementation in consulting organisation, to identify the key knowledge variables. Tax compliance can be described as the process of fulfilling the tax payers civil obligation for tax. International journal of business and management ijbm is an. The impact of knowledge management factors on improving. Oluremi and gbenga 2011 asserted that business organisation that wants to succeed must develop a clear understanding of the trends of business environment and forces that shape competition. Booktax differences, a proxy for earnings management. They are designed to give inhouse tax counsel the most cuttingedge advice for planning their.
Lower revenues from capital taxation have to be compensated by the increase in tax burden on labor. The federal inland revenue service establishment act, 2007 was therefore a followup action by government in continuation of the tax reforms in nigeria which was commenced in the year 2002. This licence allows authors to use all articles, data sets, graphics and appendices in data mining applications, search engines, web sites, blogs and other platforms. Transfer pricing business incentives, international. Factors that affect tax comp liance among small and. Income tax practice note 12011 game farming keeping you.
The objective of tax management is to comply with the provisions of income tax law and its allied rules. Most important knowledge for tax accounting your business. International journal of health policy and management. State and local governments have heightened their focus and will investigate or pursue companies that may have neglected or misinterpreted their tax compliance and reporting responsibilities. Audience this process description is applicable to all organizations within the internal revenue service irs requesting information technology it support and requests for services.
Understanding financial reporting for taxes in 2011 the. Stage 4 examines taxpayers compliance determinants more widely than tax knowledge. Vogel, 1974, and that tax evaders are viewed as intelligent kirchler, 1998, are destructive for tax compliance. Insofar it presupposes that ceteris paribus, in a non. Shown below is an income statement for 2011 that was prepared by a poorly trained bookkeeper of howell corporation. Most citizens do not have much understanding of what tax laws mean and why the tax system is structured and administered as it is. Tax management and tax evasion represent an intrinsic element of economic turnover, an area of interest both to the institutional and to the real spheres of national economy. Business process improvement and the tax department business process improvement and the tax department yair holtzman 20110104 00. New yorks entry was for its enterprisewide approach to risk management. Americans failing on basic tax knowledge nerdwallet.
Tax management in companies 1 introduction coping with change 3 the world of corporate taxes is changing and there is no going back, says john clymer applying corporate responsibility to tax 6 the practice of corporate responsibility is subject to much debate. First, higher taxes whether a major tax reform would provide an economic boon to the united states or impede economic growth. In this paper, we reexamine the relationship between economic growth and. Some studies have demonstrated that booktax differences btds reflect earnings management and earnings quality mills and. An essential factor influencing tax compliance is the knowledge of taxation. Issue no 4 2011 17 march 2011 income tax practice note 1 2011 game farming keeping you in the know inland revenue issued an income tax practice note 1 2011 on game farming because of the rapid growth in the game farming industry and to ensure a unified application of the income tax act by all game farmers. According to matsumoto 2002, corporation with better growth prospects are tend to be more motivated to do the earnings management. He is director of the institute of economics at the university of social sciences in warsaw poland and head of the department of economic security management. Tax compliance behaviour of small scale enterprises in. The above brings to light reasons why the issue of taxation of smes is really important.
These problems, beyond any doubt, should become the focus of interest for all states having a common market, e. Radicals and social reformers argued that this tax prevented the working man from access to news and most importantly, knowledge. The aim of this research is to describe those interactions and provide a set of practical suggestions to improve the. Assume that wilcoxs tax rate is 30% and 200,000 shares of common stock were. The paper focuses on the broad range of developing and emerging economies in the world. Ntj national tax journal nta national tax association. Analysis and management research conference, november 2011 and. Corporate governance, earnings management and tax management. Sales and use taxes are now among the most vigilantly enforced tax laws in the united states. Earned income tax credit and the distribution of income journal of human resources, vol. Issue no 42011 17 march 2011 income tax practice note 12011 game farming keeping you in the know inland revenue issued an income tax practice note 12011 on game farming because of the rapid growth in the game farming industry and to ensure. Tax reference library no 44 tax management in companies. Tax management tax management is a process to organize a corporation so its tax liabilities stay in the minimum position according to tax code with opportunity cost and political cost scholes et al. Journal article alert is a free email service that informs you about newly published ibfd journal articles.
The evidence suggests that, given the probability of being caught evading taxes and the size of the punishment if caught, the level of tax evasion should be higher than it is in many countries i. Many people are not religious, but ethics applies to everyone. Tax preparers, whether certified public accountants or tax preparers, have several traits in common despite their different levels of training. Tax management deals with filing of return in time, getting the accounts audited, deducting tax at source etc. You can either subscribe to alerts for all ibfd journals, or. Knowledge management systems have been identified through a threephase process in order to provide an answer to the first research question.
New york has begun to think about this systematically, as opposed to a little training here, a. Business, management and education publishes original research on economics, business and higher education management. Most of the articles pointed out the direct relationship between knowledge management and success of customer relationship management garido et al, 2011. A tax upon paper, is a tax upon knowledge is a saying attributed to alexander adam 17411809, a scottish headmaster. Factors that affect tax comp liance among small and medium. Designing an optimum fiscal policy for tobacco to maximise the tax. Income tax practice note 12011 game farming keeping you in. Elsewhere in the region, the tax environment is more like that of other developing nations corporate tax is a primary source of government revenue unlike in the gcc, and there are personal income taxes as well as sales taxes or vat. Procedia social and behavioral sciences 164 2014 150 160 were familyowned and a proportion of 28. Besides considering the tax knowledge market in an interorganisational. In most developed countries the level of taxes rose steadily over the course of the twentieth century. Earnings management earnings management occur when management make an accounting decisions that change bottom line of corporation and distorting the application of generally accepted accounting principles. Designmethodologyapproach the paper is the result of facetoface indepth interviews with senior consultant, project director, ceo and implementer of knowledge management in the organization.
The guide is the 44th in the tax reference library series, which has also covered other topics such as transfer pricing, indirect taxes and outsourcing. The industrial age has gone away at the beginning of the 18 th century, the world was predominantly an agricultural society. Setting a higher sort order for the exact region you want taxes applied to will apply the tax to that region. Control variables were added in both stage 3 and stage 5 in order to assess. This article discusses the role of the knowledge management system in enabling business leaders to predict the future and profit from it. An important question is, therefore, the nature of the interactions between the three parties comprising the tax knowledge market. Understanding taxpayer behaviour new opportunities for. In early 19th century britain there was an advertisement tax, an excise duty on paper, a pamphlet duty, and the most contentious of all, a newspaper tax. While a general examination of the role of accountants in tax knowledge management would. Papers and publications by office of tax analysis staff. Issues prior to 1988 are available from jstor and other providers. Knowledge management is becoming an imperative for survival in todays information intense world.
No 1 2012 vol 9, no 2 2011 vol 9, no 1 2011 vol 8, no 1 2010. But it is bad money management if you repeatedly get a large refund. In fact, it can be argued that knowledge is one of the needs of contemporary organizations. Access to articles in the most recent issues last two years is restricted to members of the national tax association. Understanding taxpayer behaviour new opportunities for tax. If you have two regions setup 48 united states and texas texas falls under both regions. To comprehend the tax law in britain, it was estimated that at least years of education are required. Knowledge management as an important tool in organisational. This live, 2hour webcast organized by the knowledge group is aimed at providing a comprehensive discussion of financial reporting for taxes.
If, after setting up the tax regions and tax rates, the shopping cart does not calculate the taxes, confirm that the product is not set to nontaxable. Ejournal in pdf is available on the journals webpage, free of charge for download. Tax accountants must know and understand financial accounting and the. Sports organizations are subject to constant changes in the present time. Booktax differences, a proxy for earnings management and. Information technology enterprise knowledge management standards, irm 2. Communication and interaction of these organizations with various factors such as government, private sector. The understanding in question will enable the organization to choose the appropriate strategy or strategies that fit the trends in the business. Instructions present in good form the income statement of wilcox corporation for 2011 starting with income from continuing operations. A panel of distinguished speakers and thought leaders will roll up their sleeves and present an indepth analysis of the most significant financial reporting standards.
The increase in the capital mobility forces the member states to decrease tax burden on capital. The difference between tax planning and tax management. Knowledge management as an important tool in organisational management. Business process improvement and the tax department. Users may print, download, or email articles for individual use only. Tax law is complex due to high levels of abstraction and technical terms mckerchar, 2001. If you owe, not filing your taxes by april 15 sample size 49. View articles published in journal of environmental management. In addition, the following information, which has not been considered, is as follows.
Insights and analysis 2 2011 take a wider approach by focusing on tax knowledge sharing within corporates as well as between external tax advisers, corporates and a tax administration. Such significant increases raise serious questions about the effect taxation has upon economic growth. Firstly, a list of knowledge management systems was obtained by integrating kmss analysed in the literature and those proposed by alavi and leidner 2001, fink and ploder 2009, and massa and testa 2011. Konrad raczkowski is professor of management and specializes in the unofficial economy, public finances and management in the economic system.
Tax knowledge, penalties and tax compliance in small and. If you have two tax regions with the same state your tax may not get charged correctly at all times. Most religions do advocate high ethical standards but sometimes do not address all the types of problems we face. Identifying the effective factors for the improvement of.
It publishes articles of a multidisciplinary and interdisciplinary nature as well. The management of tax knowledge executive summary 5 research issues as important consumers of tax knowledge, corporate taxpayers sources of knowledge are of particular interest, as are the motivating and inhibiting factors in their choice and use of tax knowledge. When you set up texas tax rates to correctly charge taxes for texas add a. By comparison, the world wide web has an estimated 150 million documents.
While a general examination of the role of accountants in tax. Knowledge management articles management study guide. Pdf tax competition and its consequences for tax revenue. Judges were highly complimentary of the program, saying that the topic is the most compelling of all issues facing tax agencies. Refer 18 ence 19 states that tax knowledge reveal that there is a relationship with taxpayers ability to understand the.
Articles in press, accepted manuscript, available online from 11 december 2019. Empirical studies of the effects of taxation on savings and investment behavior. Identifying the effective factors for the improvement of tax. Countries throughout the world are increasingly recognizing the benefits of fiscal decentralization. Tax is known as the social treatment and security alm et al, 2012 2. These affairs increase the tax culture of the country. The effect of these events and transactions on 2011 net. The effect of tax rate on the incentives to grow small enterprises. The correct way to set this up is to assign a sort order to the region you want it to pick up. The impact of knowledge management factors on improving the. Results a total of 55 articles from 1994 to 2008 were found connected to knowledge management activities. Stage 2 attempts to describe the relationship between tax knowledge and tax compliance using multiple regressions.
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