Tax Advice for Dennis Evans

This document provides tax advice to Dennis Evans from his accountants. It highlights that his reported income is lower than his expenses, leading to a larger deduction amount than actual losses. The letter advises on reducing the reported losses for the year. It also clarifies the reporting of superannuation contributions, personal contributions being deductible, and the health insurance premium rebate available. Finally, it emphasizes how this advice can benefit Dennis's tax status.

Running head: LETTER OF ADVICE
Letter of advice
To Dennis Evans
From Tax Accountants
Date 17-1-2018
Dear Sir,
For the purpose of enhancing their financial conditions an individual has to establish the balance
of all their derived income and expenditure so that the overall amount of tax imposed on the individual
can be stabilized. While the filing of tax returns in relation to Dennis Evans it has been indentified that a
large amount of loss have been incurred by him as the amount of income reported in much lower than
the expenditure. The overall deduction amount is more than actual losses which you have suffered.
Therefore it would by advised to you from us that you should lower down the losses for the given year
as a lower earning is depicted by the negative figures.
The amount of superannuation which is reportable has been reported by use as $10000 instead
of $12000 as the amount of $10000 is given by the employer to you and this will be depicted through
yur tax return. The amount of personal contribution which you have made in relation to the
superannuation funds would be treated as allowable taxable deductions. A individual taxpayer is
provided a rebate by the Australian Taxation office with respect to health insurance premium.
Therefore, in relation to this you will be provided with the right of deduction in relation to the premium
which you have paid. It is assumed therefore that that this advice would be a great support to you in
relation to your tax status.
Thank You