ASSESSMENT - HANDITAX GROUP PROJECT
learning outcomes:
Knowledge and Technological Skills (KS)
- Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Teamwork and Self (TS)
- Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
PART A: Prepare Christopher Cross' 2017 income tax return using Sage Handisoft's HandiTax software package in a group of 3 or 4 students from the same tutorial
The group is required to complete (but not lodge) Christopher Cross' 2017 income tax return using Sage Handisoft's HandiTax.
HandiTax has been loaded on all QUT computers in the computer labs in both B and Z Blocks. Students should be able to access the program when they login. Students should search for the program in the HandiTax program search function in the bottom left corner of the Windows tab.
Alternatively, for those students who wish to use HandiTax from home, there is a link that Sage Handisoft has provided QUT that allows students to download the program on their home computer if they wish to access the software off campus.
However, in downloading this software you agree as a student of QUT to only use this software for educational purposes and not for commercial purposes.
Instructions on Printing the Final Tax Return in HandiTax
In printing the completed tax return to pdf, please click "edit" from the pull down menu at the top of the screen and click the last option entitled "view return with worksheets".
This will not only provide you with a print preview of the tax return itself, but also the accompanying worksheets, schedules and the tax estimate (see screen dump on the following page).
It is essential that you print "view return with worksheets" as this version of the tax return not only includes Christopher's tax return but also schedules and worksheets, which we mark as part of the marking scheme.
If you click "view return for lodgement", this option in HandiTax does not print the accompanying schedules and worksheets. Hence, when marking, if you do not include the worksheets, we will not be able to award several marks.
PART B: Group Technical Reflection (1,000 Words Maximum)
Only one technical reflection is required to be lodged by the group.
Part B requires each group to provide a written group reflection on how the group researched the following two (2) specific tax issues contained in Part A of this project, namely:
(i) Item 11 - page 31, being the payment of the business class economy return airfare totalling $8,140 to British Airways in relation to the International legal conference held by the International Law Society. You are to advise Christopher exactly how much is tax-deductible in relation to the return airfares.
(ii) Item 14(b) - page 33, being the costs of $1,744 incurred by Christopher in paying for breakfast for himself and clients where he meets with clients to discuss a range of legal issues and to gather information and evidence about pending legal cases he is working on.
PART C: Professional Approach
This assessment expects a professional approach to presentation similar to that expected when preparing and delivering a tax return to a client.
A professional approach also means that it is the responsibility of each student to ensure that the complete assignment is submitted by the due date and complies with the requirements in submitting the assignment in the correct order.
PART D: Academic Conduct in Completing this Asessment
Academic conduct is expected to be ethical and above reproach in producing this assessment in the same way you would be expected to produce a client's tax return as their registered tax agent or tax advisor.
Students who are found to have committed academic misconduct as detailed below will be immediately referred to the QUT Business School academic misconduct committee. Please note that penalties will be applied not only to the student(s) who have used this information but also to the student(s) who have shared this information.
This integrity must be applied to all sections of the assignment including the task and reflection.
PART E: Submission Instructions
The HandiTax group project (consisting of Parts A and B) should be submitted (uploaded) via Grade Centre no later than 9:00 am on Tuesday 22 May 2018.
As previously mentioned on the first page of this assignment, there are three (3) separate pdf submissions required for this assignment:
(a) The cover sheets (ie. the Group Contribution Sheet and Group Integrity Declaration) combined into one scanned pdf file. These documents can be found on pages 41 and 42 respectively of this assignment;
(b) Part A (Christopher's 2017 income tax return) should be printed from HandiTax to pdf; and
(c) Part B (the technical reflection of the two tax issues) should be prepared in Microsoft Word but saved as a pdf document.
Attachment:- Assignment.rar