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Letter of Advice Assignment

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Added on  2020-05-28

Letter of Advice Assignment

   Added on 2020-05-28

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Running head: LETTER OF ADVICELetter of Advice:To ______________From Tax Accountants Dt: 15-01-2018As defined under the Australian taxation office a person will be under obligation ofincluding the taxable value of income derived from the sources in Australia along with theinternational sources will be required to include in the assessable income. Most importantlythe person who is held liable for taxation will be required of improving their financialconditions by striking balance between the revenue generated and regulating the expenseswith the overall objective of alleviating the chargeable value. As the matter of advice at the time of filing the tax return an individual tax payersreportable amount of contribution that is made would be considered assessment. As evident ithas been found that the superannuation valuation that is made by you will be considered forassessment. This is because the superannuation amount that is received by you is based on thecontribution that is made for the superannuation fund and will be considered as allowabledeductions. On filing the tax return, it is noticed that you have reported a loss that has originatedfrom the sources income derived by you. I would like to attract your attention towards mysuggestion that with greater degree of loss suffered by you and the deductions reported forthe expenses would not be considered as the allowable deductions under section 8-1 of theITAA 1997. Conclusively it is advised that you can regulate the expenses in order tominimize the losses and can claim allowable deductions relating to the contributions that ismade by you in respect of the health protection. It is anticipated that the above stated advice
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