Tax accounting preparation and bookkeeping practice

Scenario Summary You have a small tax accounting preparation and bookkeeping practice. A new client enters your office and places a box of receipts and bank statements on your desk and says that she would like to have a set of financials prepared and tax returns completed. She also states that the financials and the return will be given to her bank as part of the documentation needed to acquire a $300,000 bank loan. She would like you to complete the work within a week. As you review the documentation, you note that some of the expenses and receipts for income are questionable and you would need more information in order to completely and accurately complete the forms she has requested. When you request the additional information from the client, she tells you that she has no more documentation and that is all you can be given.

Your Assignment

Your role in this scenario is to decide on what you will do, what you can do, and how to proceed. Do you complete the financials, and are you able to prepare the tax returns? What information do you give to the client so that she can present it to the bank in hopes of getting her $300,000 loan? You know that if she does not get the loan, her business will not be able to continue and she will have to lay-off her five employees and close her doors. What obligation do you have to help her, and how can you help her?

We help you get better grades, improve your productivity and get more fun out of college!!

Homework Answers Online

Free title page

Free reference page

Free formatting

Unlimited revisions

WhatsApp chat

How it works – it’s easy

i

Place your Order

Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.

Make a payment

The total price of your order is based on number of pages, academic level and deadline.

i

Writing process

We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to ensure that the assignment meets all of your requirements.

Once complete, we’ll send your assignment via the email provided on the order form.

 

 

Achieve academic success with the best online tutors