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Your task Mark's tax calculations have been completed, including his assessable income, allowable deductions, taxable income, and tax payable. Your task is to prepare the
Your task Mark's tax calculations have been completed, including his assessable income, allowable deductions, taxable income, and tax payable. Your task is to prepare the necessary submission documents to be lodged with the ATO. You have been allocated a timeframe of two business days to complete the task and submit the documentation to your supervisor for review. The deadline for submission is 5:00 PM on [specific date to be given by Trainer/Asses]. It is crucial to adhere to this timeframe to ensure timely processing and meet client expectations. Task: Review Mark's tax calculations and ensure their accuracy based on the legislative requirements and information gathering practices. Prepare the following documents according to the ATO submission requirements: a. Income Tax Return: Complete the income tax return form with all the relevant details, including John's personal information, income details, deductions, and tax payable. Ensure the form is filled out accurately and all required fields are completed. b. Supporting Documentation: Gather and attach all supporting documents to the submission, including John's PAYG summary, receipts for allowable deductions, and any other relevant documentation. c. Taxation Declaration: Ensure that Mark's taxation declaration is completed correctly and included in the submission. e. Authorisation: Include necessary authorisations
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