Your firm has a client who has been a management accountant for many years and is now also teaching part-time at TAFE and has recently acquired a rental property. We prepared his Tax Return, sent it out for signature.
He has sent the Tax Return back to us unsigned, saying that we had made an error in claiming a tax deduction for the interest and expenses for the first four months that he owned the rental property, as it was not earning income at the time, as it runs counter to the matching principle.
Your manager has asked you to prepare an essay exploring this issue. Explaining to the client diplomatically that he is in error.
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2021). Taxation Law And Practice. Retrieved from https://myassignmenthelp.com/free-samples/mpa109-taxation-law-and-practice/defining-a-tax-return.html.
"Taxation Law And Practice." My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/mpa109-taxation-law-and-practice/defining-a-tax-return.html.
My Assignment Help (2021) Taxation Law And Practice [Online]. Available from: https://myassignmenthelp.com/free-samples/mpa109-taxation-law-and-practice/defining-a-tax-return.html
[Accessed 18 April 2021].
My Assignment Help. 'Taxation Law And Practice' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/mpa109-taxation-law-and-practice/defining-a-tax-return.html> accessed 18 April 2021.
My Assignment Help. Taxation Law And Practice [Internet]. My Assignment Help. 2021 [cited 18 April 2021]. Available from: https://myassignmenthelp.com/free-samples/mpa109-taxation-law-and-practice/defining-a-tax-return.html.
At MyAssignmenthelp.com, we are committed to deliver quality assignment assistance in the fastest way possible. To make our service delivery fast, we have hired subject matter experts to work on different subject specific assignments. We have hired experts who owe in-depth knowledge in their respective subjects. As per their expertise, they provide geography assignment help, Physics assignment help, Strategic assignment help, history assignment help, art architecture assignment help and assistance with other subjects as well.
Answer: 1. (a) Block of vacant land: The selling of land could be adjudged as CGT event and in accordance with “Section 108-5 of ITAA 1997”; the land could be termed as CGT asset. When this is the case, the land sale triggers the event A1, which takes place at the time of signing the contract on 3rd June of the current tax year, which complies with “Section 104-10 of ITAA 1997”. The capital proceeds from this sale...Read More
Answer 1. (a) FBT consequences FBT consequences will be imposed on employer and not on the employee when the employer has issued fringe benefits to employee. The potential taxation consequences are specified in “Fringe Benefits Tax Assessment Act 1986 or FBTAA 1986.” Further, the noticeable factor in this regards is that employer who provides benefits to employee but restrict the utilization of the benefits for personal usages wou...Read More
Answer: Rhetorical analysis is used to gain an understanding of the writer or speaker success in communicating to the reader or the listener. Rhetorical analysis is a means of evaluating the work of another person to evaluate how he/she has successfully achieved the intended communication. The main objective of this paper is to explain what rhetorical analysis is and how it is done using various examples of rhetorical analysis. Basically, the ...Read More
Answer: Major historical landmarks for income tax Income tax was introduced in 1902 in Queensland (Australia 2018). Since then, many adjustments have been made depending on the historical event. For example, in 1915, during the wartime, income tax was expanded from territorial or state level to federal level Another major adjustment took place in 1942 during the Second World War During this time, Federal government took over raisi...Read More
Answer: Net trust income for Central Accounting Services for the year ended 30 June 2016 Over the given scenario of Central Accounting Services, this trust has been registered as Small Business Entity and it is also registered for the GST as well. In this business entity, there are two directors as Jim Lee and Mary Lee and the net trust income will be distributed in 50% each. The accounting information has been inferences from its accounting ...Read More
Just share requirement and get customized Solution.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
It is a good source of help for any assignment. My order completed before the deadline, and rework have done for the assignment. It is quite expensive for the students. wishes for better deal regards roh
Great help and great service! I was concerned it wouldn't get to me on time, but sure enough, it was on time! This saved my rear. Thanks, you guys are awesome
Great paper. It was very detailed and everything was what was necessary for the paper.
seems ok to me, but once you forward the assignment it take 2 weeks for the feedback, then I will know if they are ok, so please do all the rest as well, if some answer are not ok they will ask to do it again