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Answer: Introduction Different business structures have different characteristics based on which parties can select them while starting their business. Selection of the suitable business structure is the key objective of parties while starting their business. The objective of this report is to evaluate the key factors of partnership and company structure. Different attributes of each structure will be discussed in the report to understand the...Read More
Answer: Business Structures The objective is to present partnership and company as two potential business structures along with their underlying attributes. Partnership A partnership is defined as an agency relationship whereby the partners tend to represent each other as agents and thereby conduct business in common as indicated in the Smith v Anderson case. In accordance with s.1 Partnership Acts 1892 (NSW), any partnership nee...Read More
Task: Description • Conduct an exploration of a range of academic articles, professional and media addressing evolution of debate and investigations which have informed quality financial planning advice in Australia. • Identify and described the deficiencies and concerns, the resolutions, case law and legislation aimed at improving the access of professional and quality financial advice for Australians. • Form a critical opinio...Read More
QUESTION 1 a) What topic does Taxation Ruling TR 2018/4 cover? b) Which Division of the Income Tax Assessment Act 1997 details available tax offsets? c) What is the top tax rate applicable to a resident taxpayer in the 2018/19 ta year? d) Give one example of an asset that is exempt from capital gains tax, including its legislative reference? e) What does the CGT event B1 s104-15 tax? f) Explain the formula contained in s4-10(3) ITAA 1997? ...Read More
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