Expert answer:Decision on Four Key Operating decisions

Expert answer:Create a memo to stakeholders with an executive summary using logical reasoning based on your tax research to explain why the client should adopt your recommendations for structuring business operations.
tax_660_milestone_two_guidelines_and_rubric.pdf

Unformatted Attachment Preview

TAX 660 Milestone Two Guidelines and Rubric
Overview: In addition to the tax consequences of the form in which an entity chooses to do business, the tax consequences of how the entity chooses to
manage business operations on a day-to-basis and record them for accounting purposes can also have significant implications for the success of a business.
Organizers must make key decisions on how they will operate the entity when the business is formed. Key decisions include the inventory cost-flow assumption,
the accounting method to be used, the fiscal year end, and the method for calculating and claiming depreciation of assets. Businesses must also consider how
they will structure multijurisdictional operations, and the choice of where to do business can result in tax savings or a substantial increase in tax cost. In
Milestone Two, which is due in Module Six, you will make recommendations to the clients in the final project scenario regarding these key operational decisions.
Prompt: Read the Milestone Two scenario excerpt below—you can also access the full final project scenario—and then create a professional memorandum that
provides recommendations for key operating decisions. For each recommendation, be sure to give a detailed explanation of the associated tax consequences.
Specifically, the following critical elements must be addressed:






Create a memorandum to stakeholders with an executive summary using logical reasoning based on your tax research to explain why the client should
adopt your recommendations for structuring business operations.
Make a recommendation for the appropriate inventory cost flow assumption for a merchandising business.
Make a recommendation for the appropriate overall business accounting method (cash, accrual, hybrid).
Make a recommendation for the appropriate depreciation method and asset lives, including consideration of Section 179.
Make a recommendation for the appropriate fiscal year end for your recommended business entity.
Explain the tax implications related to multijurisdictional operations of a business, including interstate and international considerations.
Scenario
The second meeting is about two weeks after the first meeting. The Tai-Ga owners have completed all the legal steps necessary to set up the new business using
the entity form that you recommended during the first meeting. In the second meeting, you will explain the tax elections and other accounting matters that
must be considered prior to commencing operations. You will discuss the options available to the Organizers and make specific recommendations.
Rubric
Guidelines for Submission: Your paper should be a 3- to 5-page Microsoft Word document (excluding the cover page and reference pages), with double spacing,
12-point Times New Roman font, one-inch margins, and at least three sources cited in APA format.
Critical Elements
Memorandum to
Stakeholders
Proficient (100%)
Composes a memorandum to
stakeholders, including an executive
summary of your recommendation
and a detailed support section
Needs Improvement (75%)
Composes a memorandum to
stakeholders, but memo is cursory,
contains inaccuracies, or is missing key
elements
Not Evident (0%)
Does not compose a
memorandum to stakeholders
Value
15
Inventory Cost Flow
Determines appropriate inventory
cost flow assumption for a
merchandising business
Business Accounting
Method
Determines appropriate overall
business accounting method
Depreciation Method and
Asset Lives
Fiscal Year End
Multijurisdictional
Operations
Articulation of Response
Determines appropriate
depreciation method and asset
lives, including consideration of
Section 179
Determines appropriate fiscal year
end for recommended business
entity
Explains the tax implications related
to multijurisdictional operations of a
business, including interstate and
international
Submission has no major errors
related to citations, grammar,
spelling, syntax, or organization
Determines appropriate inventory cost
flow assumption for a merchandising
business, but assumption contains
inaccuracies or is missing key elements
Determines appropriate overall business
accounting method, but explanation
contains inaccuracies or is missing key
elements
Determines appropriate depreciation
method and asset lives, but explanation
contains inaccuracies or is missing key
elements
Determines appropriate fiscal year end
for recommended business entity, but
explanation contains inaccuracies
Explains the tax implications related to
multijurisdictional operations of a
business, but explanation contains
inaccuracies or is missing key elements
Submission has major errors related to
citations, grammar, spelling, syntax, or
organization that negatively impact
readability and articulation of main ideas
Does not determine
appropriate inventory cost flow
assumption for a
merchandising business
Does not determine
appropriate overall business
accounting method
16
Does not determine
appropriate depreciation
method and asset lives
16
Does not determine
appropriate fiscal year end for
recommended business entity
Does not explain the tax
implications related to
multijurisdictional operations
of a business, including
interstate and international
Submission has critical errors
related to citations, grammar,
spelling, syntax, or organization
that prevent understanding of
ideas
Total
16
16
16
5
100%
…
Purchase answer to see full
attachment

How it works

1. Paste your instructions in the instructions box. You can also attach an instructions file
2. Select the writer category, deadline, education level and review the instructions 
3. Make a payment for the order to be assignment to a writer
4.  Download the paper after the writer uploads it 

Will the writer plagiarize my essay?

You will get a plagiarism-free paper and you can get an originality report upon request.

Is this service safe?

All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades