Prepare and lodge the tax return to avoid penalties

Assignment Help Business Economics
Reference no: EM13904912

An individual who is not an existing client approaches you in early November stating that the income tax return for the financial year has not been prepared or lodged. The individual is aware that tax agents can lodge later than the October 31 deadline so requests that you prepare and lodge the tax return to avoid penalties.

What advice do you give this individual?

Reference no: EM13904912

Questions Cloud

Oxidized during an oxidation-reduction reaction : Which happens to the substance that is oxidized during an oxidation-reduction reaction? (Points : 4)        It gives up hydrogen atoms.       It takes on oxygen atoms.       It becomes a charged species.
Project reporting in a manufacturing business : 1. To be able to complete budget reporting on time, how should accountants approach new project reporting in a manufacturing business?
Preparation of first tax return in australia : 1. A new client has approached you and asked for advice on what documentation will be required for the preparation of their first tax return in Australia.
What is the initial outlay associated with the given project : What is the initial outlay associated with this project? What are the annual after-tax cash flows associated with this project for years I through 9?
Prepare and lodge the tax return to avoid penalties : An individual who is not an existing client approaches you in early November stating that the income tax return for the financial year has not been prepared or lodged. The individual is aware that tax agents can lodge later than the October 31 dea..
Europes leading manufacturer of motorcycles and scooters : which is a leading manufacturer of two,three and four wheel vehicles, and is Europes leading manufacturer of motorcycles and scooters.
List consumer-related topics on the insurance commission''s : List consumer-related topics on the insurance commission's Web site
Budgeted statement of financial performance : Complete the expense budget, budgeted statement of financial performance: you will need to add the non GST items to the expense budget, and the cash flow budget which has an opening cash balance of $42,000. The opening GST liability is $2,000 and ..
What is the percentage of hmo penetration for the u.s : What is the percentage of HMO penetration for the United States?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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