Explain how you determined the filing status,dependents,and use of standard/itemized deduction.

Assisting a Family with Their Tax Return

Consider the most beneficial way for Judy and Walter to file their federal income tax return.

Prepare a brief written summary, no more than 500 words that address the following:

Estimated taxable income for Judy and Walter (show computations).

Summary of tax return, including any suggestions or tax planning considerations.

Explain how you determined the filing status,dependents,and use of standard/itemized deduction.

What are the key requirements of financial services industry legislation relating to information privacy when using computerised accounting systems?

Set up and operate a computerised accounting system

For this task you must research each of the following topics and complete a basic report on your findings. The research topics are:

What are the key features and characteristics of information included in source documents of financial data?

Discuss the key features of desktop and cloud-based computerised accounting systems

Outline the key features of organisational policies and procedures relating to setting up and operating a computerised accounting system.

What are the key requirements of financial services industry legislation relating to information privacy when using computerised accounting systems? Discuss three.

Calculate and explain the potential capital gains tax liability on the proposed disposal of Copy It.

Advanced personal taxation

It is September 2020. Your firm has recently been approached to act in taxation matters for Mrs Porter, a higher rate taxpayer.

For many years Mrs Porter has run a stationery shop called ‘Copy It’. She set up the business from scratch and has always operated the business as a sole trader. However, she is finding running the business a struggle and has decided to accept an offer to sell it. Details of the business assets and prospective offer are provided in the Appendix. Mrs Porter has asked you to quantify the capital gains tax charge that would arise on the disposal.

Mrs Porter is not sure if she wishes to retire yet and is considering an offer to go into partnership with her sister. She and her sister are thinking of buying a property in Dorset, which they would run as a guest house. With this in mind, Mrs Porter has asked for information regarding rollover relief and, should she change her mind, she would also like to know about capital gains tax deferral into EIS investments.

Required:

1. Calculate and explain the potential capital gains tax liability on the proposed disposal of Copy It.

2. Prepare notes explaining the reliefs available to Mrs Porter for exempting/deferring the gain.

How is your article of choice related to topics covered in our next live session?

After reading the Module 3 Coursera Materials,search in the online business press and find a recent article related to the topics we will cover in our Module 3 Live Session. Then provide the URL of the article together with the answers to the following questions:

How is your article of choice related to topics covered in our next live session?

Why you think this article is interesting?

Enter the URL and your answers in the text box provided.

Synthesize results of analyses and computations to determine the best investment opportunity to recommend to the president of Donovan Enterprises.

Net Present Value and Internal Rate of Return

For this assignment, refer to the scenario. This scenario puts you at task as a Senior Accountant for Donovan Enterprises to identify the preferred method and best investment opportunity for the company.

Using net present value and internal rate of return to evaluate investment opportunities

Dwight Donovan, the president of Donovan Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of four years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $400,000 and for Project B are $160,000. The annual expected cash inflows are $126,000 for Project A and $52,800 for Project B. Both investments are expected to provide cash flow benefits for the next four years. Donovan Enterprises’ desired rate of return is 8 percent.

Read the scenario and complete the activity below.

Use Excel® showing all work and formulas to compute the following:

Compute the net present value of each project.Round your computations to 2 decimal points.
Compute the approximate internal rate of return for each project. Round your rates to 6 decimal points

Create a PowerPoint® presentation showing the comparison of the net present value approach with the internal rate of return approach calculated above. Complete the following in your presentation:

Analyze the results of the net present value calculations and the significance of these results, supported with examples.

Determine which project should be adopted based on the net present value approach and provide rationale for your decision.

Analyze the results of the internal rate of return calculation and the significance of these results, supported with examples.

Determine which project should be adopted based on the internal rate of return approach and provide rationale for your decision.

Determine the preferred method in the given circumstances and provide reasoning and details to support the method selected.

Synthesize results of analyses and computations to determine the best investment opportunity to recommend to the president of Donovan Enterprises.

Cite references to support your assignment.

Format your citations according to APA guidelines.

Submit the Excel spreadsheet along with the presentation.

Explain how investors can use the Securities and Exchange Commission’s (SEC) database at EDGAR to research a company’s operations and financial information.

Filings and the EDGAR Database

Explain how investors can use the Securities and Exchange Commission’s (SEC) database at EDGAR | Search Tools (Links to an external site.) to research a company’s operations and financial information.
Assess the financial performance of Amazon.com, Inc. (AMZN) by determining the risk of investing in the company through financial statement analysis. To make the above assessment and determination, go to Amazon’s.com (Links to an external site.) official website, and locate the company’s Investor Relations link. Using the Investors Relations link, find financial information such as SEC Filings and Annual Reports.
Conclude how investors can assess Amazon’s.com financial performance and risk using Annual Reports.
Explain the content of each report listed below in detail and how it relates to your assessment of Amazon’s.com financial performance.
Form 10-K SEC filings
Annual Reports
Management Discussion and Analysis
Management’s Responsibility for Financial Reporting
Management’s Report on Internal Control over Financial Reporting
Auditors’ Report
Selected Financial Data
Amazon.com, Inc. (AMZN) is the world’s largest electronic commerce and cloud computing company measured by revenue and market capitalization. The following items were adapted from a recent Annual Report of Amazon.com (Links to an external site.) for the year ending December 31:

Does Esteban’s position with the company and his use of the company phone and assets expose the company to potential liability?Why or why not?

Ethical and Legal Practices

Jamie is here to describe a situation to you. Watch the ethics case study video. You can also read a text version of Jamie’s message. Discuss whether Esteban is performing in a professional manner. If you were a manager, what would you do differently to make sure your employees were not using the company’s assets for their own benefit?

Research and analyze the ethical and legal issues involving the use of a company’s assets by employees. Employees should know that the use of a company’s assets is unethical, but many employees do it anyway. Why?

Does Esteban’s position with the company and his use of the company phone and assets expose the company to potential liability?Why or why not?