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MA613 - Taxation Law - Melbourne Institute of Technology
Assignment
Purpose: The focus of the assignment to be completed is on the topic of the tax concessions offered to businesses who qualify as a Small Business Entity (SBE). This topic will be studied as part of an assignment and will not be tested again in the exam. Please see the following guide.
• The purpose of the assignment is to encourage students to study and understand how the definition and qualification criteria to be classed as an SBE.• Students are encouraged to access information and comment from textbooks, published articles, newspapers and from internet sites - including the ATO and professional advice sites.• Each class member will be allocated a part of the assignment, and then expected to research and present on that part of the assignment.• Students are expected to present an outline of their research with a talk and a short power point presentation.
Topics:• Explain how and what criteria areis used to determine and define an SBE? What criteria areis used by the ATO? Which business entities can qualify as an SBE?• Why have such significant favourable treatment been given to SBE's?,Wwhat is the basis for this preferential treatment by the government?• Why are the definitions of an SBE isso significant?• What kind of planning should a taxpayer conduct in order to ensure they are conducting an SBE?• What guidance is given by the ATO regarding qualification as an SBE? Are there any tax rulings etc?• What are the significant advantages available to an entity that qualifies as an SBE?• What have been the significant events and government policy regarding the tax treatment of SBE's in Australia? (Tradies deductions?)• Are there any recent cases or announcements regarding the use of an SBE by an Australian taxpayer?• Any other comments on the current criteria used by the ATO in regard to the use of a SBE in Australia?• Has there been any interesting comments made about the use of the SBE concessions in the newspapers or elsewhere?
Attachment:- Taxation Law.rar
Verified Expert
The following assignment is a report on the various advantages that are available to small business entities in Australia in the context of tax concessions and exemptions. The various provisions have been explained thoroughly, along with the factors that make the business eligible for the same. The importance for these provisions have also been briefly discussed.
need proper citations and apa style reference. need one word format And one presentation Brief presentation
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