ACC 700 help A Guide to career/Snaptutorial ACC 700 help A Guide to career/Snaptutorial | Page 10

$12,000. The corporation has asked you for advice. What do you
recommend?
Your final portfolio artifact is the comprehensive, professional tax
memo and appendix that you develop for Ms. Emma Shire, another
client at S.N.H.U., LLC. As
you did with the previous two artifacts, make sure to incorporate the
feedback that you receive from your instructor and peers.
Memo: You will justify recommendations and explain potential issues
and future decisions relating to Ms. Shire’s tax situations. Given that
Ms. Shire is not well
versed in accounting, make sure that your memo addresses her
concerns in language that she can understand.
Address Ms. Shire’s questions pertaining to personal tax planning.
Based on her given information, what actions can Ms. Shire take
throughout the year
to effectively reduce her tax liability? Provide specific
recommendations, defend them with tax regulations, and explain the
tax consequences or savings
in conceptual and dollar value terms.
Address Ms. Shire’s questions pertaining to her partnership income.
Based on the given information, what actions can Ms. Shire take
throughout the
year to effectively reduce her tax liability from the partnership? What
are the tax consequences to Ms. Shire if she and her partner choose to
change
their business to a corporation? Provide specific recommendations,
defend them with tax regulations, and explain the tax consequences or
savings in
conceptual and dollar value terms.
Address Ms. Shire’s questions pertaining to Clifford Co.’s tax
preparation. Provide specific recommendations, defend them with tax
regulations, and
explain the tax consequences or savings in conceptual and dollar
value terms.
Supporting documents should include, but are not limited to: a
completed tax return, tax schedules, and tax forms.