Assignment on a Loss of S Corporation Status

S Corporation Status

In this discussion, you are faced with a situation involving a shareholder threatening to take action that will result in a loss of S corporation status. You must determine an appropriate response. 

Electing to be taxed as an S corporation can have many benefits. However, a corporation must continuously meet requirements to qualify for such status. Failure to meet these requirements, at any time, can result in the loss of S corporation status and costly consequences. 

Scenarios

Burt is the custodian at Quaker Inn, an S corporation that has paid him bonuses over the years in the form of shares in the corporation. Burt now holds 276 shares in Quaker Inn.

While listening to a television debate about a national health care plan, Burt decides that the company’s health coverage is unfair. He is concerned about this because his wife, Dora, is seriously ill.

During the second week of December, Burt informs Quaker’s president that he would like a Christmas bonus of $75,000 cash, or else he will sell 10 shares of his stock to one of his relatives, a nonresident alien. The resulting loss of the S election would trigger about $135,000 in federal corporate income taxes for the current year alone. How should Quaker Inn’s management respond to Burt’s threat? From Burt’s point of view, do you see any unintended consequences if he follows through on his threat?

Report on Strategic Planning Meeting

At the most recent strategic planning meeting, the board of directors of your company has voted to issue additional stock to raise capital for major expansions for the company in the next five years. The board is considering $5 million. Take the most recent financial statements and prepare a set of projected financial statements based on the given assumptions. The CEO requests that you prepare a written report (including the financial statements) for her.

A. Generate a projected income statement based on the given scenario.

B. Analyze the impact on the income statement based on the given scenario.

C. Generate a projected statement of retained earnings based on the given scenario.

D. Analyze the impact on the statement of retained earnings based on the given scenario.

E. Generate a projected balance sheet based on the given scenario.

F. Analyze the impact on the balance sheet based on the given scenario.

G. Generate a projected cash flow statement based on the given scenario.

H. Analyze the impact on the cash flow statement based on the given scenario.

Assignment: Health Insurance and the Affordable Care Act

Suppose you have been tasked with purchasing health insurance for your organization that has fifty full-time employees.

Use the Internet or Strayer databases to research different types of health insurance.

Write a 2-3 page paper in which you:

Suggest one (1) plan that you would use to purchase health insurance for your organization. Determine the extent to which employee lifestyle choices and health economics would factor in to your chosen plan. Provide a rationale for your response.

Analyze the implication of the Affordable Care Act on your decision to purchase insurance. 

Debate two (2) advantages and two (2) disadvantages of purchasing health insurance for your employees, as opposed to having your employees receive governmental insurance.

Use at least two (2) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.

Assignment on Training Plans for Employees

There are several standardized training events in large organizations that are required annually or biannually. One of these is often sexual harassment. For this assignment, write a training plan for all employees in your firm to educate and develop their awareness of sexual harassment and understanding of legal and organizational policies. Be sure to include training aspects of planning, design, implementation, and evaluation.

This plan should be in narrative form with a minimum requirement of 500 words. Discuss the following guidelines to complete your plan.

< >: Should all employees be trained at once? If not, who should be trained first? What are the anticipated outcomes or terminal learning objectives of the training?

< >: In what format should the training be given, and why? What modalities will be used for employees on multiple shifts or in multiple locations? What are the core elements of the training that will align with the learning objectives?

< >: Who will lead the training, and how will it be implemented? Will you be training for knowledge or behavior change? How will you conduct the actual training to account for knowledge and/or behavioral change?

< >: How will you know if the training was successful? What measures will you use to know if employees 1) learned from the training, 2) behaved differently after the training, and 3) the training has a bottom line impact to the firm?

Any sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations in APA format