Prepare Income Tax Returns for Roderick Bridge

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Reference no: EM132308717

Assignment -

Please prepare Income Tax Returns and supported appropriate documents\workpapers for the following 4 entities:

  • Roderick Bridge;
  • Eschol Stud Partnership;
  • Bridge Property Trust; and
  • Sandy B Pty Ltd.

Background: Roderick and Sandy have recently divorced and as part of the property settlement there has been a rearrangement of their affairs, involving the business (Roderick ceases to trade in his own name - a new partnership is formed to run the business, while the Property and a number of items of plant remains in R Bridge's hands and the Partnership pays rent and Plant hire fees ), the sale of property, and the transfer of cash.

Sandy, forms a company (Sandy B Pty Ltd - she is the sole shareholder/director) and her interest in the Trust is paid out.

Need:

1. 4 Excel spreadsheets (for partnership, company, Trust, individual) including the data from Balance Sheet, Cash Flow, Journal Adjustment (calculating living stock, depn ect), final trial balance including credit and debit. Do the partnership first, then the company, Trust and individual.

2. Translate the data form Final trial balance to Handitax to generate Income Tax Return for 4 entities. 4 PDF files of Income tax Return.

All working on calculation please work on excel and using Handitax 2018 software to do income tax Return. You should work on the partnership first, then company, trust and individual income tax return.

PRINTING A SUMMARY OF TAX RETURN INSTRUCTIONS - To ensure the intregary of your work you can save a copy of the Tax Return Summaries you have prepared and include them with the other documents you have prepared for the assignment.

Attachment:- Assignment Files.rar

Reference no: EM132308717

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Reviews

len2308717

5/19/2019 10:39:28 PM

What I need: 1. 4 Excel spreadsheets (for partnership, company, Trust, individual) including the data from Balance Sheet, Cash Flow, Journal Adjustment (calculating living stock, depn ect), final trial balance including credit and debit. Do the partnership first, then the company, Trust and individual. 2. Translate the data form Final trial balance to Handitax to generate Income Tax Return for 4 entities. 4 PDF files of Income tax Return.

len2308717

5/19/2019 10:39:19 PM

All working on calculation please work on excel and using Handitax 2018 software to do income tax Return. The income tax return needs to be done in Handitax 2018. Please choose: Ian partner. When you do please choose: Ian cross partner. When you put the name for the partnership, company, trust or individual, please attach "Name of partnership-NgocChu" You should work on the partnership first, then company, trust and individual income tax return. I have attached sample excel spreadsheet, so 4 entities will have 4 excel worksheet like that, the data from Final Adjustment Trial balance would be used for Handitax 2018 software to do income tax return! And using the data from adjustment trial balance put in handi tax software.

len2308717

5/19/2019 10:39:14 PM

PRINTING A SUMMARY OF TAX RETURN INSTRUCTIONS - To ensue the intregary of your work you can save a copy of the Tax Return Summaries you have prepared and include them with the other documents you have prepared for the assignment. To do this find the first screen as below and press the dialog box at the bottom of the page called “Summary” this will produce the second screen which you can save as a PDF.

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