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Prepare a letter of advice to Joe and Angela advising: Which of the SBE concessions the Fabric Partnership would be able to access? Calculate the

Prepare a letter of advice to Joe and Angela advising:

  1. Which of the SBE concessions the Fabric Partnership would be able to access?

  1. Calculate the net income of the Fabric Partnership for 2019/2020 assuming that it is treated as an SBE. Explain any adjustments that you make.

  1. Calculate the 2019/2020 taxable income of the Silkman Superannuation Fund. Explain any implications any of the SMSF transactions on the members personal income tax returns.

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