Case Study of James – Law Assignment Help

Assignment Task

Task

Case Scenario:

James, a resident Australian taxpayer, has a Bachelor of Laws degree and worked as a solicitor in Sydney since 2014. With the ongoing COVID-19 pandemic and the fact that most of his family are in Melbourne, James decided during the financial year that he wanted to leave Sydney. In November 2021, he flew from Sydney to Melbourne to attend an interview for a Solicitor position at a firm called ABC Lawyers Pty Ltd, to be a part of their Human Rights division. In December 2021, James was notified that he was successful in getting the position so at the end of January 2022 he re-located to Melbourne.

James stayed with his parents for the first month that he was in Melbourne but then moved out into his own 2-bedroom flat on 5 March 2022, which he rents at a cost of $400 per week. He was required to pay a bond of $1,600 and electricity and gas connection fee of $300.

In April 2022, James leased a new laptop which he uses to undertake an online course and do client work from home when necessary. He kept a record of usage during the year and found that the laptop was used 40% for his study, 20% of the time for work-related purposes and the balance was for private use.

In addition to the laptop, James also has a mobile phone that was used 10% of the time for work purposes. His internet use at home is estimated to be in the same proportion as his laptop use.

Whilst still living in Sydney, James was required to work from home for the period from 1 July 2021 to 31 October 2021 due to COVID-19. His timesheets for the period showed that he worked 580 hours during this time at home. He was supplied with everything necessary by his former employer to be able to work remotely.

Required:

Assume you are the Accountant for James, and he has provided you with the above information during his annual interview for the preparation of his 2022 income tax return.

1. With reference to legal authority, calculate James taxable income for the year ended 30 June 2022. You should include workings where relevant and details of why amounts are included or excluded from the calculation. Also, advise of any additional information or clarification you would have obtained from James to ensure the accuracy of the taxable income.

2. Assume that James is single, has adequate private hospital insurance and no dependants. Calculate his income tax payable or refundable for the year ended 30 June 2022.

3. Prepare a letter to James following completion of the income tax return, summarising his final tax position and noting any matters of importance that he should be aware of in relation to his taxation affairs.

Learning Outcomes:

• be able to identify and explain the rules of law relating to taxation law and identify the potential tension between compliance with ethical principles, and the interrelationship between laws, regulations, and the public interest.
• be able to demonstrate a capacity to engage and use legal research skills to apply the law to legal problems relating to taxation so as to reach a solution.
• be able to analyse legal rules so as to differentiate between possible outcomes to the legal issues arising from novel fact situations;
• be able to explain the importance of active listening and effective interviewing techniques to elicit facts in respect to a tax problem.

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