Part A

You are employed as a tax agent for Tax U C Pty ltd.

Your next appointment is Peter Little, who needs to lodge his tax return.

Peter has not used Tax U C Pty Ltd, so you have no records of his previous tax dealings.

You are required to discuss Peter's tax requirements with him, and lodge his tax return on his behalf. Your assessor will role-play your client. Be sure to ask any questions and request any documentation required to lodge the return in time to meet your lodgement deadline (1 week).

Your assessor will be looking to ensure you

Communicate clearly with your client

Identify your clients taxable income, and allowable expenses

Request all required documentation from your client in order to complete the tax return

Ask appropriate questions to determine accuracy and relevance of data, as well as determine if there are further deductions possible that are not listed

make and record any valuations as appropriate

highlight and discuss any discrepancies with your client

Identify and verify source documentation correctly

Ensure your return is compliant with current Income Tax Legislation and Tax Audit requirements

Prepare relevant statements ensuring they are clear, easy to follow and meet legislative requirements

You have 1 week to complete this tax return from the assessment date. You may contact your client during this period to request any further information as / if required