Taxation Calculation Assignment
- Street Cred Limited (SCL) operates a business selling streetwear clothing.
During the year ended 31 March 2022, SCL invoiced customers for $426,000, of which $46,000 had yet to be received from its customers at balance date. On 19 February 2022, an amount of $3,190 was written off as a bad debt in SCL’s accounting system. The amount was for clothing supplied to another business that was invoiced in September 2021.
On 31 October 2021, SCL received a fully imputed net dividend of $8,700 from Cool Caps Limited (CCL), a wholly owned subsidiary of SCL. CCL is a New Zealand tax resident company that is in the business of manufacturing snapback caps. Taxation Calculation Assignment Help
SCL’s deductible expenditure was $245,000 for the year ended 31 March 2022. All amounts are GST-exclusive where applicable. What is SCL’s taxable income for the income year ended 31 March 2022?
A.$177,810.
B.$189,893.
C.$181,000.
D.$186,510.
Taxation Calculation Assignment Help I found an interesting article that summarizes what ethical leadership is, the importance of being ethical, and how to become an ethical leader. What is interesting the author of the article says that being an ethical leader is more than just having strong values. It is more like how you demonstrate the values through your actions in your workplace and personal life as well. It is a difference of being a boss and being a leader. Boss orders what to do and manages but leader guides and inspires. Taxation Calculation Assignment Help .That’s why ethical leaders are involved in developing a corporate code of conduct and shows employees how to apply it in their day to day job responsibilities. The article points out that as far as ethical leadership is concerned actions matter more than words. Also, ethical leader provides appropriate training and promotes good communication. Remaining transparent in all business dealings is very important to build a positive culture and improve brand image.
Kuligowski, Kiely (Dec 01, 2021). Being an ethical leader is more than just having strong values. retrieved on 3/25/2022 from:
https://www.businessnewsdaily.com/5537-how-to-be-ethical-leader.html (Links to an external site.)
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