Taxation Advice - Report on Dennis Evans's Tax Return

This report provides tax advice for Dennis Evans, focusing on his 2018 tax return. The report highlights the importance of balancing income and expenditure to minimize tax liability. It addresses the reported losses and suggests strategies to reduce them. The report also clarifies the correct superannuation amount and details the allowable tax deductions, including personal contributions to superannuation funds. Additionally, it mentions the health insurance premium rebate provided by the Australian Taxation Office, which can be used for tax deductions. The advice aims to assist Dennis Evans in managing his tax obligations effectively.

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