cruse and associates reviews
Cruse And Associates, P.A. is an engineering design firm. Our major area of concentration is the design of commercial buildings.
Current clients include facility owners, contractors, and architects. Business Sectors include government (federal and state), churches, schools, office spaces, restaurants, as well as other types of commercial and industrial buildings.
The staff of Cruse And Associates, P.A. has a combined total of over 55 years of engineering experience. Our experience includes design build; bid-spec projects; small up-fits; multi-building campus projects.
Cruse And Associates, P.A. has design experience in the following types of projects:
• Churches - sanctuaries, fellowship halls, family life buildings, classrooms,
• Commercial - physicians’ offices, dental offices, convenient stores, office
buildings, retail buildings, restaurants
• Industrial - various types of industrial process buildings
• Municipal/Schools - various renovation work, public library, town hall,
public schools-additions/renovations, energy conservation in schools
China's Economic Reporting: Fact or Fiction, cruse associates news information reviews
There’s something fishy going on with China’s economic data—at least with those figures that are reported by the Chinese government. The reality in those numbers has always been questionable.Are the economic data compiled and reported by the Chinese government agencies correct and reliable? Are we seeing a major scam developing out of the country?While there has been lingering doubts on the reliability of Chinese data, no one has yet proven the Chinese are fudging the numbers.But you know that this is a real possibility.
I’m a Chinese bull, but I must admit I’m always concerned when evaluating the financials of Chinese companies; the proven corruption in the past several years has made me think long and hard about what and whom to trust.I have been burned by Chinese stocks, but so have many of you.The potential issues with the Chinese economic numbers may also be true. Case in point: in the first quarter, China’s gross domestic product (GDP) growth was 7.7%, according to the National Bureau of Statistics. That percentage was down from 7.9% in the fourth quarter.
We have also been seeing a decline in manufacturing data, including the country’s internally produced Purchasing Managers’ Index and other external manufacturing reports.The country’s industrial value-added output growth expanded at 9.5% in the first quarter, down from 11.6% in the first quarter in 2012, according to the National Bureau of Statistics. (Source: “China’s Q1 industrial output growth slows to 9.5 pct,” Global Times, April 15, 2013, last accessed May 9, 2013.)
Given all of this, it was quite a surprise to see China’s exports surge 14.7% in April, based on data from the country’s General Administration of Customs. The reading was well ahead of the market estimate calling for growth of 10.3%. The import picture also looks somewhat skeptical, with imports up 16.8% in April, well above the estimate of 13.9%.There is well-founded nervousness toward the numbers, as they came out of nowhere and the other key economic readings didn’t indicate a strong reading.So are China’s reported numbers reliable?To tell you honestly, I’m not sure. And that is because, based on my experience with the somewhat questionable financial reporting practices of some of the Chinese companies previously listed on U.S. exchanges, there is a history of fraudulent reporting being discovered later on.Once you have been stunned, you tend to question the data, especially if they originate from China.While there may be some creative accounting on the books, I do actually remain positive on China; however, you need to be extremely careful when buying, and if you are nervous, I would advise you stick with the big Chinese blue chip stocks found on the Xinhua China 25 Index.
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accounting code 85230509026, cruse tax planning associates
The Public Accounts Committee in the British Parliament has issued a critical report blaming large accounting firms, particularly the Big Four, for contributing to tax avoidance.
“Confidence in our tax system can only be maintained if every company and every individual is seen to be paying their fair share of tax,” said Friday’s report from the House of Commons committee. “We held hearings last year to investigate why some multinational companies pay little corporation tax despite doing a large amount of business in the UK, and why some individuals can get away with using contrived schemes to avoid tax. We are also concerned about the role of tax advisors and in January 2013 we took evidence from Deloitte, Ernst and Young, KPMG, and PwC to understand more about the nature of the tax advice they provide.”
The report noted that Her Majesty’s Revenue & Customs department appears to be “fighting a battle it cannot win in tackling tax avoidance.”
“Companies can devote considerable resource to ensure that they minimize their tax liability,” said the committee report. “There is a large market for advising companies on how to take advantage of international tax law, and on the tax implications of different global structures. The four firms employ nearly 9,000 people and earn £2 billion from their tax work in the U.K., and earn around $25 billion from this work globally. HMRC has far fewer resources. In the area of transfer pricing alone there are four times as many staff working for the four firms than for HMRC.”
The report acknowledged that the committee was pleased that the four firms agreed that international tax rules are out of date and need to change to reflect the reality of modern business. “Modern communications mean companies need as little as a computer and a handful of staff to set up a place of business in a tax haven,” said the report. “Under current tax rules, this can be enough to establish that they can pay their tax there, rather than where the business activity takes place. This is unfair to responsible companies based in the U.K. who do pay their fair share of tax.”
Prime Minister David Cameron’s government has expressed a commitment to reforming international tax laws, the report noted, but added that this will be a lengthy process.
“Until it happens, we are concerned that companies will continue to find ways to avoid paying tax where they actually do business,” said the report. “We believe that simplicity is key to fighting tax avoidance. The four firms agreed with us that tax law is too complex and a simpler system is in everybody's interests. It is disappointing that HM Treasury's Office of Tax Simplification is working with fewer than six full time staff and as a result has so far focused on abolishing unused tax reliefs, rather than being able to take a more radical approach to simplifying tax law. Removing unused reliefs may be good housekeeping, but it does little to tackle the problem of complexity and does not prevent the continued abuse of some tax reliefs, such as those to encourage investment in films or donations to charity. We intend to examine those tax reliefs that are widely used and may be subject to abuse at a future hearing.”
The four firms insisted that they no longer sell the type of very aggressive avoidance schemes that they sold 10 years ago, the report noted. “While this may be the case, we believe they have simply moved to advising on other forms of tax avoidance which are profitable for their clients; such as the complex operating models they offer to major corporate clients to minimize tax by exploiting the lowest international tax rates,” said the report. “The four firms have developed internal guidelines on where the line between tax planning and aggressive avoidance lies, but these principles do not stop them selling schemes with as little as a 50 percent chance of succeeding if challenged in court.”
The U.K. tax authorities need to consider the risk to the taxpayer of a protracted legal battle,” the report acknowledged.
“It would appear that firms and tax avoiders are taking advantage of the constraints under which HMRC is obliged to operate,” said the report. “Furthermore, HMRC is always constrained by resources. The close relationship that the four firms enjoy with government creates a perception that they wield undue influence on the tax system which they use to their advantage. They told us that they second staff to government to provide technical advice on changes to tax laws and that this has improved the quality of legislation. The witnesses conceded that this may give the perception that they are able to influence legislation to help their larger clients to the disadvantage of smaller U.K. businesses. More worryingly, we have seen what look like cases of poacher, turned gamekeeper, turned poacher again, whereby individuals who advise government go back to their firms and advise their clients on how they can use those laws to reduce the amount of tax they pay.”
Since the committee’s last hearing HMRC has announced that it is consulting on a set of draft rules to allow departments to ban tax-avoiding businesses from being awarded government contracts, the report noted.
“This is a step in the right direction, but the draft rules as they stand are narrowly focused and would not cover those companies providing tax advice,” said the report. “The draft rules would allow firms to win government contracts whilst also advising on schemes that allow their clients to avoid tax. We will want to monitor closely what rules emerge from the consultation process and how they are applied.”
accounting code 85230509026, cruse tax planning associates
See more: http://blogs.rediff.com/cruseandasociate
Unga spanjorerna hariscensatt demonstrationer i flera städer över Spanien och nära dess ambassaderrunt om i världen att kräva fler arbetstillfällen och bättre fungerande villkorför unga människor.
På söndagen togtusentals spanska ungdomar på gatorna i huvudstaden Madrid att protestera mothög arbetslöshet i cash-fastspänd euroområdet nationen.
Organiseras av en gruppsom kallas Ungdom utan en framtid, hölls demonstrationerna också i Barcelona,Zaragoza och i över 30 andra städer över hela världen som har värd spanskaarbetssökande.
Demonstranterna sade attde tvingas att lämna Spanien på grund av den ekonomiska kris som landet harbrottats med under de senaste åren.
"Vi vill kritiserapåtvingade exilen som unga spanjorerna upplever brist på arbetstillfällen, sadeMikel Revuelta, grupp talesman, i slutet av mars i Madrid.
Misshandlad av denglobala ekonomiska nedgången, den spanska ekonomin kollapsade i en recessionunder andra halvåret 2008, ta med det miljontals arbetstillfällen.
På grund av den alltdjupare lågkonjunkturen, har arbetslösheten bland dem i åldern 16 till 24 århoppat till 55 procent medan Spaniens totala arbetslösheten har stått på 26procent.
På onsdag sade Spanienspremiärminister Mariano Rajoy att landets krisdrabbade ekonomi skulle uppnå tillväxtoch därmed börja skapa nya jobb igen 2014.
I ett försök attförbättra anställning av unga människor och hjälpa dem att starta företag,presenterade Rajoys konservativa regeringen en plan för $4 miljarder (3,5miljarder euro) i mars.
Spanien måste sänkabudgetunderskottet till 4,5 procent 2013 och 2,8 procent 2014. Ekonomer, sägerdock dessa mål kommer att bli svårt att uppfylla mitt dåliga utsikter förekonomisk återhämtning i landet.