Answered: Research and Explain the current…

Research and Explain the current academic qualifications and relevant experience requirements, for tax agents to be to be registered under the Tax Agent Services Regulations 2009. (150 words)

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter3: Preparing Your Taxes

Section: Chapter Questions

Problem 8FPE

See similar textbooks

Related questions

Q: Financial Accounting Question please solve this problem

A: Step 1: Define Deferred Tax LiabilityA deferred tax liability arises when a company's taxable income…

Q: Compute the direct labor cost variance?

A: Step 1:Direct Labor Cost variance is the difference between the Standard Labor Cost for Actual…

Q: How much cash was paid to employees during the year on these general accounting question?

A: Step 1: Definition of Cash Paid to EmployeesCash paid to employees represents the actual cash…

Q: Tutor, provide answer

A: Explanation: The formula to calculate operating cycle is as follows:Operating cycle = Inventory…

Q: Sub: general accounting

A: Explanation of Return on Assets (ROA): Return on Assets is a financial ratio that measures how…

Q: Accounting question

A: The required return for the market is calculated using the Capital Asset Pricing Model (CAPM)…

Q: Don't use ai

A: The Cash Conversion Cycle (CCC) measures how long it takes for a company to convert its investments…

Q: Please answer the questions and accounting

A: Required A:Step 1: Calculate interestInterest = Face Amount x Interest Rate x TimeInterest = $80,000…

Q: Do fast answer of this accounting questions

A: Step 1: Definition of Accounts Receivable Turnover RatioAccounts Receivable Turnover Ratio: A…

Q: Question 1. Pearl Leasing Company agrees to lease equipment to Martinez Corporation on January 1,…

A: The value of the lease liability at lease commencement is the present value of the minimum lease…

Q: What was the variable cost per dog associated with zarena's water bill?

A: We have given: Highest bill: $3,800 for washing 400 dogsLowest bill: $2,400 for washing 200 dogsLet…

Q: What is the amount of the FY begining work in progress inventory??

A: Explanation of Total Manufacturing Costs: Total manufacturing costs represent all expenses directly…

Q: Can you please help me on these two questions. I have been receive incorrect answers from the AI and…

A: First, we need to identify the type of lease. In this case, it is a finance lease because the lease…

Q: What is the return on equity on these financial accounting question?

A: To calculate the Return on Equity (ROE), use the formula: ROE = Net Income ÷ Equity Step 1:…

Q: Why does measurement attribute selection affect reporting quality? a) Standards fit everything b)…

A: Detailed explanation: The selection of measurement attributes affects reporting quality because the…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Asset AllocationAsset Allocation: When a lump sum purchase is made for…

Q: I need this question answer general Accounting question

A: Step 1: Define Owners' EquityOwners' equity represents the residual interest in a company's assets…

Q: By financial activities, the cash balance increase or decrease??

A: To determine the change in the cash balance, we need to consider how each of the activities…

Q: All purchases are paid for as follows

A: Concept of Payment TermsPayment terms define how and when a company pays for its purchases. In this…

Q: Need help this question

A: Explanation: The formula to calculate gross margin is as follows:Gross margin = Sales - Cost of…

Q: General Accounting

A: To calculate the number of units Hirt Inc. must sell to generate a net operating income of $75,000,…

Q: Need help with this accounting questions

A: Step 1: Definition of Current Ratio and Quick RatioCurrent Ratio: It is a liquidity ratio that…

Q: Hii expert please given correct answer financial accounting question

A: Step 1: Define Retained EarningsIncome after paying tax and distribution of profit there in the hand…

Q: Please given answer

A: Current EPS = Net Income / Shares Outstanding= $9,750,000 / 5,500,000= $1.77Forecasted Net Income =…

Q: At the beginning of the recent period there were 1,080 units of product in a department, one-third…

A: Explanation of Work in Process (WIP) Inventory: Work in process inventory refers to units that are…

Q: Please need help with this general accounting question

A: To determine how many pounds of direct materials were used to produce August's output, we need to…

Q: What is the rate of return on investment for division k ?

A: The rate of return on investment (ROI) is calculated using the formula:ROI=Profit Margin×Investment…

Q: The following beginning and ending inventory levels are planned for next year

A: Explanation of Units to be Manufactured:Units to be manufactured represent the total number of…

Q: Vogel Corporation's cost of goods manufactured last month was $147,000. The beginning finished goods…

A: Step 1: Cost of goods sold Cost of goods sold = Cost of goods manufactured + Beginning finished…

Q: Ai Siska

A: The question translates to:"From the images above, which one is a rhombus? Explain."Answer:Image…

Q: What is the rate of return on investment for division k ? General accounting

A: Step 1: Definition of Return on Investment (ROI)Return on Investment (ROI) measures the…

Q: Financial accounting please provide answer this question

A: Step 1: Define Predetermined Overhead RateThe predetermined overhead rate is calculated as the total…

Q: Need help with this question solution general accounting

A: Step 1: Definition of AmortizationAmortization: The gradual write-off of an intangible asset (like a…

Q: Net cash from investing activities for the period was.

A: Explanation of Net Cash from Operating Activities:Net cash from operating activities represents the…

Q: What is her recognised gain

A: To calculate Sarah's recognized gain on the sale of her 180 shares, given her objective to minimize…

Q: If you give me correct answer this general accounting question I will give you helpful rate

A: Step 1: Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that measures the…

Q: The high-low method is used to__. I) Value inventory II) Calculate depreciation III) Determine…

A: Concept of High-Low MethodThe high-low method is a technique used in cost accounting to separate the…

Q: Question : 15 Marks

A: Explanation of Book Value:Book value is the value of an asset as recorded in the financial…

Q: General Accounting

A: The gross profit percentage is calculated using the formula: Gross Profit Percentage = (Gross Profit…

Q: On December 31 st Dalton

A: The formula for Accounts Payable Turnover is: Accounts Payable Turnover = Cost of Goods Sold ÷…

Q: Financial Accounting

A: 1. Calculate the previous day's closing price:Previous day's closing price = Closing price - Daily…

Q: Financial accounting question

A: Step 1: Formula Price-earnings ratio = Market price per share/Earnings per share Step 2:…

Q: General Accounting

A: Step 1: Prepare the contribution margin income statement to compute the contribution margin and the…

Q: Gary receives $51,000 worth of Quantro, Inc., common stock from his late grandmother's estate. Early…

A: Explanation of Gross Income:Gross income is the total income received by an individual from all…

Q: BNM'S total equity is

A: Explanation of Assets:Assets are resources owned by a company that have economic value and are…

Q: Financial Accounting MCQ

A: Concept of Dynamic Allocation Models:Dynamic allocation models are resource distribution systems…

Q: Provide answer this question

A: Explanation of Operating Cycle:The Operating Cycle measures the time it takes for a company to…

Q: Good Times Restaurant estimates the following costs for next year: fixed costs $120,000, variable…

A: Let's break down the calculation step by step:Total Revenue: This is the total amount of money the…

Q: General Accounting Question

A: Step 1: Define Pension Income InclusionPension income inclusion involves determining the taxable…

Q: ??

A: Explanation of Beginning Inventory: Beginning inventory represents the value of goods available for…

Question

Research and Explain the current academic qualifications and relevant experience requirements, for tax agents to be to be registered under the Tax Agent Services Regulations 2009. (150 words)

AI-Generated Solution

AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.

Unlock instant AI solutions

Tap the button
to generate a solution

Click the button to generate
a solution

SEE SOLUTION

Similar questions

On the 1040 Sch 1 screen, the Tax Professional can enter into a field which of the following types of income or adjustment directly on the input screen? Unemployment compensation. Educator expenses. Business income. Other income.
Which of the following professional services is an attestation engagement?(1) A consulting service engagement to provide computer-processing advice to a client.(2) An engagement to report on compliance with statutory requirements.(3) An income tax engagement to prepare federal and state tax returns.(4) The preparation of financial statements from a client’s financial records.
What are some reasons why someone would be interested in becoming a Certified Public Accountant?What is the process to obtain the certification?What are career opportunities and salary considerations once the certification is obtained?What are the education and experience requirements to obtain the certification?
Please choose one of the duties of a tax professional practicing before the IRS, discussed in the Treasury Department Circular 230 and: Describe the concepts and objectives of the duty. Discuss how a tax professional needs to conduct themselves in order to comply with the responsibility. Explain what kind of challenges and pressure an accountant could face in complying with the responsibility.
n n e? Fe ces ati Question 5 of 20. What are some of the features of Expert Help Chat? Choose all that apply. Tax Professionals answer questions from clients regarding specific issues. Tax Professionals can call, chat, or video chat with clients. Tax Professionals can screen share with clients to help navigate the online program. Tax Professionals will sign and file the return for the client. Mark for follow up
Go to https://taxfoundation.orgLinks to an external site. . Find a current article published in the Tax Foundation website on the current issues in taxation and tell us about it. How does this impact the future of tax? Has your perception of tax accounting changed after taking this course? Explain your answer.
How can you propose additional content to make the tax footnote to the financial statement more informative for external users?
Prepare a research presentation on the Tax Legislation Process using these resources: https://csuglobal.libguides.com/ACT406Links to an external site. and the future of tax using Artificial intelligence. Provide an analysis of how a piece of tax legislation becomes a tax law, based on the Tax Reform Act of 1986, the Tax Cuts and Jobs Act of 2017 (TCJA), and the Made in America Tax Plan of 2021. Choose the six most important changes (select three for businesses and three for individuals) between the Tax Reform Act of 1986, the Tax Cuts and Jobs Act of 2017 (TCJA), and the Made in America Tax Plan of 2021. Your research should: Explain the various components and levels of government involved in the process. Discuss the reasons for your choice of six key changes between the Tax Reform Act of 1986, the Tax Cuts and Jobs Act of 2017 (TCJA), and the Made in America Tax Plan of 2021 for businesses (3) and for individuals (3). (Note: Anti-Abuse Tax (BEAT), Global Intangible low-tax income…
Discuss the ethics requirements for tax practitioners. Please discuss both the AICPA Statements of Standards for Tax Practice AND IRS Circular 230. How do ethics requirements differ for tax practice as compared to audit practice? Compare and contrast these.
Individual tax filing requirements and circumstances can change, so it is important to be familiar with the research tools available to you as a tax practitioner. In this discussion, you will consider research resources available for tax preparers and how they can be used in the field. What are the available commercial and noncommercial tax resources that you could utilize as a tax practitioner? Refer to Section 2-2A through 2-2C (specifically, exhibit 2-7) in your textbook for options. Which commercial resource do you think is the most beneficial to a tax practitioner? (Note that you will not be able to access the commercial resources but can find their features on their website.) Which noncommercial resource do you think is the most beneficial to a tax practitioner? How might you use the tax research process (refer to Section 2-3 in your textbook) for utilizing tax resources in preparing individual tax returns. (Think about ways you could use this process to support you in…
Performance standards: Accomplish the BIR (Bureau of Internal Revenue) forms MELCS: Explain the procedure in the computation of gross taxable income and tax due. Mr. Sabado need to pay his tax. You are an agent hired by Mr. Sabado to compute his taxable income and tax due. The BIR agent will check and evaluate based on accuracy of the information prepared. Instructions: From the given information below compute the total taxable income and total income tax due on each scenario. Mr. Sabado, Production Manager of M.A.R Corp., earned annual compensation in 2020 of P 2,333,000, exclusive the 13h month and other benefits in the amount of P250,000 but net of mandatory contributions to SSS and Philhealth. Aside from employment income, he owns a convenience store, with gross sales of P3,555,000. His cost of sales and operating expenses are P1,500,000 and 800,000, respectively, and with non-operating income of P250,000. а. Mr. Sabado signified his intention to be taxed at 8% income tax rate on…
Critically assess the HMRC’s criteria that may be used to determine the difference as employed or self-employed