Qld Tax Law Client Letter

1408 words, 6 pages

Intro Sample...

e. when the sessions are actually held. As only one of the ten sessions paid for has been held, nine sessions are unearned revenue and you are only required to include $80 as assessable income on your 2007 tax return.

In order to strengthen your case for this objection, we also require information on whether the unearned revenue is being kept in a distinct account, and whether you allow unconditional refunds for fees received in advance.


4.1 Week-end with Janz

While we agree with the Commissioner’s assessment that the value of the conference prize should be included as income, we also believe this amount is deductible. This will result in a net effect of zero taxable income for this amount.

The $3,000 value is assessable firstly because the prize was obtained at a business-related conference. Secondly, as you applied your skill and knowledge to win the prize, you won the prize in the course of your business activities. However, this amount will also be claimable as a deduction, as the prize was an intensive, business-related training weekend, rather than a personal holiday or cash bonus.

4.2 Guard dog

The Commissioner has attempted to disallow this deduction based on existing case law; however your case can be distinguished. The guard dog is considered to be a security device; therefore the purchase price of a guard dog is deductible only if it is used for business purposes. The sum is deductible because you have apparently purchased the dog for business-only purposes; despite the fact that your home business premises constitute only 10% of the floor space. The fact that your purpose is solely business-related means that the full amount of $900 should be deductible.

To further strengthen this objection, we also require further information on whether the d View More »

Read More

Related Essays on Qld Tax Law Client Letter

  • Engr

    7783 words, 32 pages

    Meaning of Delinquent • One who fails or neglects to perform his duty; an offender or transgressor; one who commits a fault or a crime; a culprit. Failing in duty; offending by neglect of duty. Asynchronous Completion Token The Asynchronous Completion Token design pattern efficiently dispatches processing actions within a client in response to the completion of asynchronous operations invoked by the client. Also Known As Active Demultiplexing [PRS+99] Example Consider a distributed Electronic Medical Imaging System (EMIS) [PHS96] consisting of multiple component

    View Document »

    Export Documentation

    7393 words, 30 pages

    Import Export Pakistan Legislation Terms and Definition Posted on June 19, 2008 by Imran [pic][pic][pic] Bill of Lading for Import Export Pakistan A bill of lading (also referred to as a BOL or B/L) is a document issued by a carrier , e.g. a ship’s master or by a company’s shipping department, acknowledging that specified goods have been received on board as cargo for conveyance to a named place for delivery to the consignee who is usually identified. Care (Customers Administrative) for Import Export Pakistan Care stands for Customs Administrative Reforms and it is a project of the Cen

    View Document »

    Roman Law

    2778 words, 12 pages

    Original text - Definition of Roman law “Between 753 b.c. and a.d. 1453, the legal principles, procedures, and institutions of Roman law dominated Western, and parts of Eastern, civilization. The legal systems of western Europe, with the exception of Great Britain, are based on Roman law and are called civil-law systems. Even the common-law tradition found in the English-speaking world has been influenced by it. In the United States, the Common Law has been paramount, but Roman law has influenced the law of the state of Louisiana, a former French territory that adopted a French civil-law cod

    View Document »

    Foreign Currency Payments

    711 words, 3 pages

    A Case Study: How CIGNA Streamlined its Foreign Currency Payments Global Finance CIGNA, an international employee benefits provider, makes cross-border payments by wire, check and ACH to more than 225,000 beneficiaries in over 70 countries. The company wished to simplify and automate its foreign currency payments. Key objectives were to accelerate payment processing time, trim cost and to ensure a superior service to their clients. The Problem: Payment Timing is Critical to Service Quality Typically, producing checks and Explanation of Benefits (EOB) statements (i.e., remittance advices)

    View Document »

    Economic Analysis Of Wesfarmers Coal

    2433 words, 10 pages

    1. Introduction The Wesfarmers Coal division, with mining interests throughout Australia, is part of Wesfarmers Limited, a major diversified Australian public company. They only produce thermal (steam) coal and metallurgical (coking) coal, with the latter being exported (Figure A). As shown in Figure B coking coal is priced much higher than thermal coal. The firm’s coal interests include the Curragh mine in Queensland’s Bowen Basin, the Premier Coal mine at Collie in Western Australia’s south west, and a 40 per cent interest in the Bengalla mine in the Hunter Valley of New South Wales.

    View Document »

    Person Centered Therapy

    1579 words, 7 pages

    Running Head: A BRIEF CRITIQUE OF PERSON CENTERED THERAPY A Brief Critique of Person Centered Therapy Date of submission: 11.09.2008 A Brief Critique of Person Centered Therapy “Existential therapy is a process of searching for the value and meaning in life” “(Corey, p. 131) with a focus on central concerns of the person’s existence; Such as death, freedom, existential isolation and meaningless. “Existential therapy can best be described as a philosophical approach that influences a counselor’s therapeutic practice” (Corey, p. 131). Founders of Existential The

    View Document »

    Shortfall Distribution Of Dividend

    862 words, 4 pages

    Shortfall Distribution of Dividends According to section 24 of ITA a company is required to distribute a certain fixed proportion of its profit as dividend to shareholders. This dividend is taxable on the shareholders. If a company does not distribute the dividend then the govt. looses on the tax which would have been paid on such dividend. To avoid this al companies are required to distribute adequately their profit their profit within 12 months of the end of accounting year. This shows that there is double taxation of profit in Kenya, first at the corporate flat rate and t

    View Document »


    5558 words, 23 pages

    Key Features of Budget 2010-2011 CHALLENGES ! ! ! To quickly revert to the high GDP growth path of 9 per cent and then find the means to cross the ‘double digit growth barrier’. To harness economic growth to consolidate the recent gains in making development more inclusive. To address the weaknesses in government systems, structures and institutions at different levels of governance. OVERVIEW OF THE ECONOMY ! India among the first few countries in the world to implement a broad-based counter-cyclic policy package to respond to the negative fallout of the global slowdown. The Advance Estima

    View Document »


    1703 words, 7 pages

    The merger of InterClean and EnviroTech presents us with an opportunity to provide products and services unparalleled in our industry. In order to properly prepare our sales team to meet the needs of the organization, InterClean must develop a comprehensive training and mentoring program that will introduce the new products and services to our sales team and possibly learn something new about our existing products. The course will review the company mission; introduce the new products and services and define the benefits to our clients; cover how to build positive client relationships and revi

    View Document »

    Moral Practices With Client

    663 words, 3 pages

    Kitchener established five moral principles that professional counselors should follow when in practice with a client. The autonomy principle can be defined as the counselor allowing the clients the freedom to choose the path taken in the therapeutic process based in their own belief system. According to Corey et al. (2003), the counselor helps develop the growth process by encouraging the client’s interest and welfare. Although the client has the right to engage or disengage in therapy as they choose, the counselor’s role is to explore those choices with the client, pointing out areas that mi

    View Document »

More Popular Essays

Research help is just moments away!