QuestionPart A Maggie is employed as a full time teacher and works casually… Part AMaggie is employed as a full time teacher and works casually at the local university delivering subjects to aspiring teachers. With the increased use of online teaching and need to be prepared to switch to online delivery at short noticed she explored the opportunity to set up an online educational design support and editing business in June 2020. Costs included $3,000 exploring the viability of the venture, $1,500 in accountant’s fees for a business plan and a further $3,000 was invested in August 2020 for computers and software. A further $1,000 was spent to set up the business including registration of business name, domain sites etc and $1,000 on advertising in September 2020. A number of projects have been completed although not enough to cover the costs incurred to set up the business. By 30 June 2021 Maggie had received $5,000 of the $8,000 of work completed with the balance outstanding expected to be received in August or September 2021. The additional costs incurred since starting for consumables and home office expenses was $800.Required:Prepare a report that discusses:If Maggie would be considered to be in business? Identify in which year the business would commence, and if the business has not commenced what actions should Maggie take to be considered to be in business?RATIONALEback to topSUBJECT LEARNING OUTCOMESThis assessment task will assess the following learning outcome/s:be able to locate and analyse the sources of taxation law in Australia.be able to describe and access the Australian regulatory taxation system and compliance regime.Covering Topics 3 to 8, this assignment has been designed to ensure that students are able to identify and apply legislation, rulings and case law to the issues identified as well as demonstrate the ability to analyse the issues fully and apply this knowledge to a hypothetical, practical situation. The task assesses your ability to: be able to use legal research skills to apply the law to legal problems relating to taxation so as to reach a solution.exercise critical and reflective judgment; and develop your written skillsGRADUATE LEARNING OUTCOMESThis task also contributes to the assessment of the following Charles Sturt Graduate Learning Outcome/s:Academic Literacy and Numeracy (Knowledge) – Charles Sturt Graduates understand the use and structure of appropriate language in written, oral, visual, mathematical, and multi-modal communication.Academic Literacy and Numeracy (Skill) – Charles Sturt Graduates demonstrate the literacy and numeracy skills necessary to understand and interpret information and communicate effectively according to the context.Academic Literacy and Numeracy (Application) – Charles Sturt Graduates consider the context, purpose, and audience when gathering, interpreting, constructing, and presenting information.MARKING CRITERIA AND STANDARDSback to topIn assessing your assignment the marker will expect you to:present an report that is readable and coherent;use appropriate language, correct spelling and grammar;identify and analyse relevant issues;explain and apply relevant cases, rulings and legislation;reach a sound and well-reasoned conclusion;use appropriate referencing; anddemonstrate time management skills.The following criteria will form the basis of assignment of marks for the problem solving question.CriteriaHigh DistinctionDistinctionCreditPassFailStudents are required to answer problem type questions in order to demonstrate:To meet this level you will achieve a cumulative mark of over 85%.A mark in this range indicates that a student:To meet this level you will achieve a cumulative mark of 75-84%. A mark in this range indicates that a student:To meet this level you will achieve a cumulative mark of 65-74%. A mark in this range indicates that a student:To meet this level you will achieve a cumulative mark of 50-64%. A mark in this range indicates that a student:At this level you will obtain a mark of 0-49%. A mark in this range indicates that a student:Identification of relevant legal issues to the facts of the scenario presentedCorrectly identifies all the tax law issues and formulates them with consideration of links to relevant law.Correctly identifies all of the tax law issues and formulates them with consideration of links to relevant law, with only minor errors.Identifies and correctly formulates most major tax law issues and supported by relevant law.Identifies some tax law issues. May or may not formulate them correctly. Considers and links to relevant law,Identifies no relevant issues or only a few of them. Some of these may not be clearly formulated. Considers few contextual factors of relevant law.Application of the law with explanation of legal principles to the facts and tax computationApplies the law to the facts so as to reach a correct conclusion on all issues, with no errors. Argument discusses linkages between facts and the law and considers counter-arguments, completes tax computation correctly if required and evaluates the impacts of applying the law to the situation considering a broad range of factors that may affect the application. Conclusion draws together advice for client.Applies the law correctly to the facts so as to address all issues, with only minor errors. Argument discusses linkages between facts and the law, completes tax computation correctly if required and evaluates the impacts of applying the law to the situation considering factors that may affect the application. Conclusion draws together advice for client.Applies the law correctly to most issues arising from the facts, but with some minor errors. Argument discusses application of the law and completes any tax computation required with some minor errors. Conclusion summarises advice for client.Makes a basic attempt to apply the law to the facts.Applies the law correctly to most issues arising from the facts, but with some errors. Summary is incomplete or lacking identification of key issuesPaper does not correctly apply law to the facts and / or applies incorrect law. May be descriptive, rather than putting forward a reasoned argument. Does not attempt tax computations.Report presentationThe report is readable and coherent with appropriate sections and headings. There is evidence of the ILAC model as a decision tool being used. Extremely well structured and organised, with one main argument introduced per paragraph, with well-written supporting sentences.The report is readable and coherent with but lack clear identification and use of appropriate sections. There is evidence of the ILAC model as a decision tool being used. Well structured, with one main argument introduced per paragraph.The report is generally readable and coherent but has some lapses in logic and in linking sections within the report. There is evidence of the ILAC model as a decision tool being used. Some attempt at structuring paragraphs and arguments. The report covers the main issues but has lapses in logic and in linking sections within the report. There is evidence of the ILAC model as a decision tool being used but numerous inconsistencies. Some attempt at structuring paragraphs and arguments. The report is at times unreadable and incoherent with lapses in logic and poor linking of sections Inadequate or no use of paragraphs. May have disregarded the ILAC model.ReferencingAll sources are acknowledged, traceable, and consistently formatted in-text and in the reference list according to APA 7 referencing conventions including correct reference of legal resources.All sources acknowledged in-text and in the reference list, and APA 7 referencing conventions, including correct reference of legal resources, consistently applied with only one or two minor formatting errors and don’t affect traceability.All sources acknowledged in-text and in the reference list, and APA 7 referencing conventions, including correct reference of legal resources, applied, but there may be several minor formatting errors that are consistent and don’t affect traceability.All sources acknowledged in-text and in the reference list, and APA 7 referencing conventions, including correct reference of legal resources, applied, but there may be frequent minor formatting errors that don’t affect traceability.Inadequate APA 7 citations, references and reference list.Written expression, report structure, calculation and editing.Uses appropriate academic writing which is formal, impersonal and which contains no spelling, grammar, punctuation and calculation (if appropriate) errors. Paper demonstrates careful proofreading.Uses appropriate academic writing which is formal, and impersonal with only very minor spelling, grammar, punctuation and calculation errors. Paper demonstrates careful proofreading.Uses appropriate academic writing which is formal and impersonal, with a few spelling, grammar, punctuation and calculation errors. Paper demonstrates evidence of proofreading.Some spelling, grammar, punctuation and calculation errors but the paper is readable and demonstrates some attempt at proofreading.Poor grammar, spelling, and /or punctuation. Showing little or no calculation. Paper gives no evidence of having been proof-read. PRESENTATIONback to topGeneral Guidance for Law Assessment Tasks:Word-process or type your assignment clearly.?Clearly show the subject name, your name and the date at the beginning of the assignment.?Use size A4 paper and leave at least a 3 cm margin on the right-hand side of the page. (This is the best format for both marking and photocopying.)?Number each page of the assignment.?The answers should be confined to within 10% plus or minus of the suggested word limit, reference list excluded. Assignments should be neatly typed in Times New Roman, 12 point font.?The APA Referencing System is required. Case and statute names should be Italicised.?Answers must be original. They should demonstrate that students not only have read and understood the Study Guide and prescribed readings but also have broadened their knowledge by having read other reference works including relevant legislation. Marks will not be awarded for duplication of paragraphs from the Modules or textbooks.?Answers must have a complete reference list with appropriate intext referencing,listing all books, articles, websites and other materials quoted, used as a source and paraphrased. Beware of using the unacknowledged work of others. Plagiarism will result in zero marks and possible failure of the subject. (Refer to handbook rules).?Students must, in the course of answering questions, refer to and discuss relevant case authorities and appropriate statutory provisions in order to support the propositions and submissions made.Also note the following style guide:1. You should use the ILAC style introduced in previous law subjects as your model to consider the issues raised and to prepare your report for this assignment2. You do not need to use the ILAC sections as heading however the content of this model should be evident in your response and your analysis.3. Names of cases or statutes should be Italicised, and followed by the jurisdiction not in Italics, for example: Acts Interpretation Act 1901 (Cth).Note the abbreviation for ‘Commonwealth’ is ‘Cth’ not ‘Cwlth’.4. Do not start a new line simply because you are starting a new sentence.5. Start each paragraph on a new line, and leave a clear line gap after the preceding paragraph. Don’t make your paragraphs too long.6. You must end your assignment with a reference list that is divided into three separate parts, listing statutes, cases and finally any other books / articles / on-line resources (including modules) etcPLEASE NOTE THAT YOU WILL LOSE MARKS IF YOU DO NOT COMPLY WITH THIS STYLE GUIDE.NOTE: Assessments for this subject are required to be submitted via EASTS.REQUIREMENTSback to topYour answers to both the Problem Solving Questions in the Assessment tasks must be fully referenced. Referencing is the acknowledgement of information sources in your work; it is the appropriate way to give credit to the original owner of an idea, piece of writing or creative work. The preferred method is the APA style of referencing and guidelines for using this style can be found on the CSU Referencing website at https://www.csu.edu.au/current-students/learning-resources/build-your-skills/academic-skills-help/referencing.Assignments must be submitted through Turnitin.Unless advised otherwise, all Turnitin submissions are due by midnight (AEST) of the date specified. Please note that the time and the date of your Turnitin submission will be used to determine your official submission time.You will be added to Turnitin once the class is set up, by end of week 2. If you need assistance on Turnitin, there is an instruction sheet available at reception area. All textual elements within an assessment must be submitted in a format that is readable by Turnitin.Specific exceptions, where an assessment requires the insertion of image based evidence of workings will be outlined in the context of the assessment. Students that deliberately attempt to insert content of assessments in a format that is not readable by Turnitin may be subject to Academic misconduct investigations.Additional Submission Information:It is recommended that your name, student ID and page number are included in the header or footer of every page of any assignment. You are also required to rename your assignment file before you submit via Turnitin as per below protocol:SUBJECT CODE, SI, SURNAME, STUDENT ID, ASSESSMENT NUMBER, SESSION.AccountingBusinessFinancial Accounting
