• 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.