Sometimes When Businesses Are Critically Delinquent on Their Tax Liabilities,the

question 92

Essay

Sometimes when businesses are critically delinquent on their tax liabilities,the tax authority comes in and literally seizes the business by chasing all of the employees out of the building and changing the locks. What does this tell you about the importance of taxes relative to our discussion of cash flow?
Why might a business owner want to avoid such an occurrence?

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Definitions:

Political Performance Appraisals

Evaluations of an employee's work performance that are significantly influenced by office politics or the individual's position within the organizational power structure.

Taking Counsel

Taking counsel involves seeking advice or guidance from knowledgeable or experienced individuals before making significant decisions.

Durability

The ability of a product or material to withstand wear, pressure, or damage, maintaining its functionality over time.

Always The Boss

A colloquial term possibly referring to an individual who maintains authority or control in various situations consistently.