FIN320 : Tax And Estate Planning - Herbert And Dorothy - Tax And Estate Planning Assignment Help

Internal Code : 1AJICH

Tax And Estate Planning Assignment Help

TASK Calculate the net tax payable for Herbert and Dorothy for the 2018/19 financial year. Show all workings. Include Medicare, Medicare Surcharge (if applicable) and any offsets or rebates that may apply. Provide advice to Herbert and Dorothy about merging both of their businesses into a partnership. Show how you have compared the option of merging versus not merging. Show all workings/calculations. Justify your advice. Advise Herbert and Dorothy as to whether they could possibly arrange their financial affairs moreefficiently; and whether there are other strategies they could be considering to enhance their short term and/or long term position. (Areas to consider include – superannuation, Estate Planning, Insurance, debt reduction) No calculations are necessary, however you will need to provide details of the potential strategy/ies you are recommending they consider. Justify your recommendations.