Tax Office

Section D
donation A: Multiple Choice motilitys( MCQ)

uncertainty number| Answers| Question number| Answers|
1| | 11| |
2| | 12| |
3| | 13| |
4| | 14| |
5| | 15| |
6| | 16| |
7| | 17| |
8| | 18| |
9| | 19| |
10| | 20| |

Part B: Short Answer Calculation Questions

Question 1:
The crucial distinction amid a hobby and a business is whether you engage in the activity with a proceeds motive. The reason this is so important is that although you have to declare and beca engagement pay tax on the income you make from a hobby, you cant compile off your losses and may not even be able to deduct your expenses at all. Secondly, well take a musical note at some of the common business tax deductions you should be thinking about in the context of your business.



The amount of cartridge holder you put into the business
* The percentage of your total income that comes from the business
* The reason for any losses
* Changes and improvements youve make to the business
* Evidence of your own knowledge in the field
* A render of any past business successes including any profits do in earlier years
* The current and anticipated incoming value of any business assets
Question 2:
Question 3:
Question 4:
Question 5:
The differences surrounded by tax planning, tax avoidance and tax nonremittal activities
lies between what is acceptable legally and what is considered unacceptable orillegal.14 Theoretical distinctions can be drawn between tax planning, avoidance and
evasion activities. unimpeachable tax planning is the legitimate exploitation of legislated tax incentives and mean(a) business structures that can result in the obtaining of a roaring tax result for a taxpayer. The difference between the twain is simple and clear. task avoidance involves using or attempting to use lawful means to reduce tax obligations. Tax evasion involves using unlawful means to escape payment of tax. Tax avoidance is lawful and tax evasion is...If you want to detect a full essay, order it on our website: Orderessay



If you want to get a full essay, wisit our page: write my essay .