General small business services and tax advice

Assignment Help Other Subject
Reference no: EM133556134

Black and White Financial (BWF) Pty Ltd is an established firm of financial planners and advisors who are interested in working together with Grey and Green (GG), an established partnership of Chartered Accountants to help their clients achieve financial success. Grey and Green (GG) provide general small business services, tax advice, auditing and business valuations.

1. Grey and Green (GG) wish to incorporate as Grey and Green Pty Ltd. Can they do so under the By-Laws of the Chartered Accountants Australia and New Zealand (Revised March 2022)? If so, under what conditions? Or are GG restricted to certain practice areas if they wish to incorporate?

2. What business structuring advice would you give the BWF and the directors of BWF AND the partners of GG if they wished to maximise protection of their personal assets from litigation? Why? Explicitly articulate your reasoning with reference to relevant legislation and case law, and common criteria (eg. asset protection, scope for income splitting) against which you can recommend the most appropriate solution for each firm.

3. Should BWF legally merge with GG, or should it enter a joint venture or other contractual arrangement with GG? Why or why not? Justify your response in terms of relevant legislation, regulation and common law.

Reference no: EM133556134

Questions Cloud

How will stakeholder feedback be integrated into plan : Describe the process for analyzing the operational and tactical approaches in the plan. How will stakeholder feedback be integrated into the plan?
Discusses the approach to development-implementation : Discusses the approach to the development, implementation, and assessment of a new 3-year strategic plan for hamilton county ohio.
Canadian dividend paying stock : Choose any Canadian dividend paying stock and provide the current stock price, the yearly dividend, the dividend yield; plus tell me exactly
Preparing your own tax return : Preparing your own tax return for 2022, you have three rental properties showing total rental income of $101,000.00 with $80,000.00 in total expenses
General small business services and tax advice : Grey and Green (GG) provide general small business services, tax advice, auditing and business valuations.
Make himself non-resident for taxation purposes : If Tom is a resident of Australia, what additional steps should he take to make himself a non-resident for taxation purposes?
Shareholders who own shares in both companies : There are no other shareholders who own shares in both Companies. Are Kern Ltd. and Lorne Inc. associated?
Completed their income tax return : How would you handle a client who after you completed their Income tax return, got angry at you because you said they owe $4000 in income taxes
Haul truck driver who left your home terminal in toronto : You are a long haul truck driver who left your home terminal in Toronto last year on November 1s 2022 at 3pm heading to Vancouver

Reviews

Write a Review

Other Subject Questions & Answers

  At what age did his mother have her first child

What did the speaker's mother do when he was taking photos in the mirror, blocking the bathroom door? At what age did his mother have her first child?

  Somatic symptom disorder and illness anxiety disorder

hypochondriasis and have been replaced by two new concepts: somatic symptom disorder and illness anxiety disorder

  Primary system-formulate model of an existing situation

Using department store as the primary system, formulate a model of an existing situation that could be frame as a Network Optimization problem

  Determine fultons sales-cost of goods sold-gross profit

Liz Marett is the chief financial officer for Fulton Construction. She delivered the following comments in a recent conference call with analysts that follow the company: "20X5 was another excellent year.

  What is the incest taboo

What is the "incest taboo" and explain why it is such a challenge for anthropologists to explain in terms of its universitality?

  The performance appraisal

Jennifer and Mel disagree over the importance of having appraisals.  Mels says it's quite clear whether any particular LearninMotion employee is doing his or her job.  It's obvious, for instance, if the salespeople are selling, if the Web designer is..

  Assess ethical issues related to data customer collection

Research and assess the ethical issues related to data customer collection and information management. How will customer information be protected?

  How is his work different from others

Which designer do you like the most and how is his work different from others. Discuss

  What aspects of cerebral circulation would come

Fifty-four-year-old Fred is complaining of a headache that started about 2 weeks ago. For the past 2 days, the headache has increased in severity.

  How would you use low-profile management in your classroom

There are five helping behaviors related to effective teaching (using student ideas and contributions, structuring, questioning, probing and teacher affect).

  Due Process Model and The Crime Control Model

Brief description of both The Due Process Model and The Crime Control Model.

  Discuss holistic treatment modality

Select one holistic treatment modality and one conventional best practice that mental health professionals could use for treating a patient with depression.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd