• Question:

• Part One: Memo

• Write an analysis of the impact of tax laws and incentives as demonstrated in this current year’s tax return.

• Specifically, you must address the following:

• Explain the relevant tax laws and regulations for the client company.

• Determine the tax and financial impact on the organization of relevant tax laws.

• Explain the advantages and rationale of the client company conducting a thorough cost $-$benefit analysis. Consider the following in your response:

• Difference between revenue earned and costs saved

• Impact of estimated costs and benefits

• Goal of the tax liability reduction

• Describe the ethical considerations of a tax preparer. Reference Circular $230$ to support your argument.

• Part Two: Client Letter

• Write a reflection to the client that discusses the tax recommendations and consequences of your newly chosen energy$-$friendly initiative.

• Specifically, you must address the following:

• Identify the tax effects of various options that the client may choose in the next fiscal year. Consider the following in your response:

• Tax laws, regulations, and codes

• Varying business strategies

• Options for tax$-$planning software

• Evaluate different tax planning strategies to help the company$’$s future financial goals.

• Discuss why calculations of financial projections impact the client$’$s future goals.

• Determine appropriate incentives to reduce the organization$’$s future tax liability. Include the following in your response:

• Future of the company$’$s new initiative

• Potential tax credits

• Recommend an optimal improvement to the company$’$s future financial goals.

  
  

Answer rating: 100% (QA)

Part One Memo To Client Subject Analysis of Tax Laws and Incentives Explanation of Relevant Tax Laws and Regulations The current tax laws and regulations provide various opportunities for businesses t... View the full answer