PROBLEM ONE Dan Watkins is a Chartered Professional Accountant. He carried on a professional business as a tax consultant for 2 years. By the end of 2019, the practice had grown very large. Bill was overworked and under pressure to hire additional staff or take a partner. He was interested in education and several years ewler hed contracted with a publisher to write a book on taxation for university students. Because of the pressures of his practice, this project made in the progress To optimize is work life, Bai dedded to dose his professional practice and enter into an arrangement with Anthony & Anthony a national firm of Chartered Professional Accountants. According to the agreement, he would work a minimum of 600 hours per year for the firm he would also be free to pursue his writing and other interests. He would provide the 600 hours mainly during the winter months and would not be expected at the office every day of the week Anthony & Anthony made a formalnouncement in the newspaper that it was now associated with their firm and provided him with business cards stating both his name and the firm's. The tum did not give him a specific title, though most of its employees had one. Whatever the level. The firm old provide him with an office for the same size as was given to partners and a secretary at no cost to him. As a tax consultant, el met with the clients of the firm and corresponded with the under the firm's litterhead. Jobs were assigned to him by any partner who required his services. Uwally, he charged any time spent on a client directly to the particulo partner's account that partner in bum, billed the client and collected the fees Anthony & Anthony charged clients for it's time at $150 per hour. The agreement stated that he was to be paid $100 for each hour charged to act whether the client paid the fee or not. At the end of each month, he prepared invoice requesting that the firm Bay 5100 for each hour charged that month Throughout the yo pard for his own parking and for his own subsorbtions to several tax services, the latter being necessary for him to carry out his duties Whenever the Ram al function was invited in 2020, he gave the peaches to various business groups and was always introdk Watch a tax con with Anthony & Anthony 2020 worked 820 hos for the firm on the balance of working with book and giving tak semesto Various professional group Wameplayed a selemployed in 20207 Given to your concions and som to support the opposing View Adobe Acrobat Reader DC Window Help Tools Tax-1 resit.pdf 116% a 1/3 Bill Watkins is a Chartered Professional Accountant. He carried on a professional business as a tax consultant for 12 years. By the end of 2019, the practice had grown very large will was overworked and under pressure to hire additional staff or take a partner. He was interested in education and several years earlier had contracted with a publisher to write a book on taxation for university students. Because of the pressures of his practice, this project made lite progress. To optimize his work life, Bill decided to dose his professional practice and enter into an arrangement with Anthony & Anthony a national fem of Chartered Professional Accountants. According to the agreement, he would work a minimum of 600 hours per year for the fimm he would also be free to pursue his writing and other interests. He would provide the 600 hours mainly during the winter months and would not be expected at the office every day of the week. Anthony & Anthony made a formal announcement in the newspaper that Bill was now associated with their firm and provided him with business cards stating both his name and the firm's. The firm did not give him a specific title, though most of its employees had one, whatever their level. The firm did provide him with an office of the same size as was given to partners) and a secretary at no cost to him. As a tax consultant, Bli met with the clients of the firm and corresponded with them under the firm's letterhead. Jobs were assigned to him by any partner who required his services. Usually, he charged any time spent on a client directly to the particular partner's account that partner, in turn, billed the client and collected the fees. Anthony & Anthony charged clients for Bal's time at $150 per hour. The agreement stated that he was to be paid $100 for each hour charged to a client, whether the client paid the fee or not. At the end of each month, he prepared an invoice requesting that the firm pay $100 for each hour chwged that month Throughout the year, Bill paid for his own parking and for his own subscriptions to several tax services, the latter being necessary for him to carry out his duties Whenever the firm held a social function, Be was invited. In 2020, he gave three speeches to various business groups Per and was always introduced as Bill Watkins a tax consultant with Arthony & Anthony In 2020. Bal worked 820 hours for the firm. He spent the balance of his working time writing this book and giving tak seminars to various professional groups Required: Was Bill employed or soomployed in 20207 Give reasons to support your conclusions and reasons to support the opposing View . o E Type here to search hp) ? & 7 7 4 2 5 6 8. 3 E E PROBLEM ONE Dan Watkins is a Chartered Professional Accountant. He carried on a professional business as a tax consultant for 2 years. By the end of 2019, the practice had grown very large. Bill was overworked and under pressure to hire additional staff or take a partner. He was interested in education and several years ewler hed contracted with a publisher to write a book on taxation for university students. Because of the pressures of his practice, this project made in the progress To optimize is work life, Bai dedded to dose his professional practice and enter into an arrangement with Anthony & Anthony a national firm of Chartered Professional Accountants. According to the agreement, he would work a minimum of 600 hours per year for the firm he would also be free to pursue his writing and other interests. He would provide the 600 hours mainly during the winter months and would not be expected at the office every day of the week Anthony & Anthony made a formalnouncement in the newspaper that it was now associated with their firm and provided him with business cards stating both his name and the firm's. The tum did not give him a specific title, though most of its employees had one. Whatever the level. The firm old provide him with an office for the same size as was given to partners and a secretary at no cost to him. As a tax consultant, el met with the clients of the firm and corresponded with the under the firm's litterhead. Jobs were assigned to him by any partner who required his services. Uwally, he charged any time spent on a client directly to the particulo partner's account that partner in bum, billed the client and collected the fees Anthony & Anthony charged clients for it's time at $150 per hour. The agreement stated that he was to be paid $100 for each hour charged to act whether the client paid the fee or not. At the end of each month, he prepared invoice requesting that the firm Bay 5100 for each hour charged that month Throughout the yo pard for his own parking and for his own subsorbtions to several tax services, the latter being necessary for him to carry out his duties Whenever the Ram al function was invited in 2020, he gave the peaches to various business groups and was always introdk Watch a tax con with Anthony & Anthony 2020 worked 820 hos for the firm on the balance of working with book and giving tak semesto Various professional group Wameplayed a selemployed in 20207 Given to your concions and som to support the opposing View Adobe Acrobat Reader DC Window Help Tools Tax-1 resit.pdf 116% a 1/3 Bill Watkins is a Chartered Professional Accountant. He carried on a professional business as a tax consultant for 12 years. By the end of 2019, the practice had grown very large will was overworked and under pressure to hire additional staff or take a partner. He was interested in education and several years earlier had contracted with a publisher to write a book on taxation for university students. Because of the pressures of his practice, this project made lite progress. To optimize his work life, Bill decided to dose his professional practice and enter into an arrangement with Anthony & Anthony a national fem of Chartered Professional Accountants. According to the agreement, he would work a minimum of 600 hours per year for the fimm he would also be free to pursue his writing and other interests. He would provide the 600 hours mainly during the winter months and would not be expected at the office every day of the week. Anthony & Anthony made a formal announcement in the newspaper that Bill was now associated with their firm and provided him with business cards stating both his name and the firm's. The firm did not give him a specific title, though most of its employees had one, whatever their level. The firm did provide him with an office of the same size as was given to partners) and a secretary at no cost to him. As a tax consultant, Bli met with the clients of the firm and corresponded with them under the firm's letterhead. Jobs were assigned to him by any partner who required his services. Usually, he charged any time spent on a client directly to the particular partner's account that partner, in turn, billed the client and collected the fees. Anthony & Anthony charged clients for Bal's time at $150 per hour. The agreement stated that he was to be paid $100 for each hour charged to a client, whether the client paid the fee or not. At the end of each month, he prepared an invoice requesting that the firm pay $100 for each hour chwged that month Throughout the year, Bill paid for his own parking and for his own subscriptions to several tax services, the latter being necessary for him to carry out his duties Whenever the firm held a social function, Be was invited. In 2020, he gave three speeches to various business groups Per and was always introduced as Bill Watkins a tax consultant with Arthony & Anthony In 2020. Bal worked 820 hours for the firm. He spent the balance of his working time writing this book and giving tak seminars to various professional groups Required: Was Bill employed or soomployed in 20207 Give reasons to support your conclusions and reasons to support the opposing View . o E Type here to search hp) ? & 7 7 4 2 5 6 8. 3 E E