Posted: September 13th, 2017

Taxation Law

Paper, Order, or Assignment Requirements

Required
Assume you are employed as a graduate tax accountant and have been asked to detail to your manager, the Australian income tax implications of the following facts relating to Mrs Gilling, who is a major client of the accounting firm that you work for. In your analysis you should specifically address the
following facts:
a) Entering into the agency contract
b) Benefits paid by Alesse to Mrs Gilling for travel to negotiate the terms of
the agency and luggage set
c) Cost of attending annual launch paid by Bronx
d) Product support payments etc paid by Bronx to Alesse
e) Sale of 20% of shares in Bronx by Mrs Gilling
f) New showroom CGT cost base
g) Insurance payment and cost of hail damage
h) Silvio staying in Australia permanently
As you are detailing the tax implications for your manager, who will ultimately draft the letter of advice, you should provide comprehensive written analysis including the justification and authority for your conclusions, relevant
sections and case law.
Calculations without written analysis will not be
sufficient
.
With respect to any calculations provided to your manager it is recommended (but not essential and no marks will be lost if you do not) that you use an Excel
spread sheet to provide the detail.