Answer to Question #54100 in Economics for jenny

Question

Where necessary you will need to support the tax return using spread sheets, databases and internet information. In completing this activity you must show that you can apply statute, regulation and precedent to a client’s circumstances, develop options to resolve client related taxation matters and plan and sequence your work correctly. This will involve conducting research and making appropriate notes for submission to your assessor. What other information would you need to gather and how would it be used? How would you verify your data and ensure compliance? Are there any extra client related taxation matters that might need to be addressed? Explain.

Answer 1

In supporting the tax return you must show that you can apply statute, regulation and precedent to a client’s circumstances, develop options to resolve client related taxation matters and plan and sequence your work correctly. This will involve conducting research and making appropriate notes for submission to your assessor.
Some other information may be needed to gather like some additional information about the client, his needs or wants, it can be used for further assistance. You can verify your data and ensure compliance using some programs and appliance rules.
There may be some extra client related taxation matters that might need to be addressed, because some clients may have some additional needs or have special taxation rules.