BSA Software: Case Study

IN WITNESS WHEREOF, said Grantors have hereunto set her hand and seal the day and year first above written.

Their land was appraised and found to be worth $560,000. (No entry due to no accounting transaction occurred)

Hoffman, W., Maloney, D., Raabe, W., & Young, J. (2013). Federal Taxation Comprehensive Volume. (36 ed.). Ohio: South-W

Containing approximately 86,000 square feet of land, more or less, and being the Southerly one-half of Lot numbered 18.

We went back and reviewed the questionnaire that you historically send out each tax season. We see some places that we could have addressed more thoroughly.

Facing tough budget decisions in advance, various cities, and county have two options: raise taxes or reduce services. Furthermore, there has not been a tax increase in a long period, county officials have alleged. They recognized this day would come. The administrator distressed and diagnosed the circumstances where they provide the primary inspection and repairs.

Review the PowerPoint presentation ("Program Evaluation--BPHI") for an example of a completed program design. Based on your review of the presentation and Chapter 2 of the textbook, discuss at least five different important program characteristics that must be considered when designing a program evaluation.

Thank you for coming to our offices and allowing us to review and discus your concerns regarding your tax questions. I have been assigned to reply to your questions and I have listed my recommendations below. After you both have reviewed these recommendations, please contact me so we can go over any additional questions you may have.

As assessment is usually conducted at two phases in any project. (Burt, 2005) First it is conducted to

The total current Assessed value is $850,000. During this time, Denver is on a growing trend and projected to continue. In the local area, new housing, new neighborhoods, new malls, and even schools are under way or in the planning stages. The Grande property is large and there are plenty of expansion options. The Grande’s have not come up with an asking price, but the local banks have offered to provide a 15-year note for a max of $624,000.

By conducting audits, public interest is protected. Auditing is the cornerstone of accountability. It is the examination of the financial report of an organization. This form of checks and balances provides an unbiased examination of agency responsibilities. According to the Comptroller’s Office, they perform different types of audits (financial, programmatic, operational, and compliance) of city agencies, public entities, and external contractors that have business relationships with the City. The Office of the New York State Comptroller’s Division of Local Government and School Accountability is tasked with conducting performance audits of local governments and school districts. According to their website, The New York State Governmental Accountability, Audit and Internal Control Act of 1987 (Internal Control Act) requires State agencies and other organizations to promote and practice good internal control and to provide accountability for their activities. This office is entrusted with promoting accountability, improving performance, and building public trust in all levels of New York State government. This office doesn’t haphazardly conduct audits but do so in accordance to Generally Accepted Government Auditing Standards (GAGAS). This standard provides a structure or framework for performing professional, quality, unbiased and objective audits.

Instructions: You should prepare a legal memorandum to your client providing tax advice on the proposal set forth here. Be sure to include citations to code sections, regulations and other authorities that you rely upon in reaching your conclusion. The paper generally runs about two to three pages and is due the last day of class or May 10, 2011..

The real estate division was estimated to have a fair value of $13,890,000. This was determined by totaling the number of lots expected to sell within the next four years and multiplying it by the price per lot of $180,000. After determining total lot sales, a 20% discount rate was applied as suggested by current market conditions. Given the unique nature of the real estate development, it is not believed that there are any comparable developments to find a market multiple.

With the continued sluggish economy, Atlanta’s total revenue projections continue to decline from the budget dating back to 2010 when the current mayor Kasim Reed took office. The City’s property tax base is the primary component accounting for 40% of the City’s general fund revenues. Property tax revenues have continued to experience declines associated with decreased residential tax bases, negative reassessments, successful tax appeals and continued weakness in the housing market. The City has demonstrated a measured response by continuing to budget property tax revenue collection conservatively. To meet the projections, the collection rate in the proposed budget was set to rise to 98%, up from the previous year’s collection rate of 96% (Pendered 2013). Public utility, alcoholic beverages and other taxes are the second largest revenue source, at 23% resulting from franchise agreements of the use of the City’s right-of-way in providing public utilities such as telecommunications, gas and electric and from taxes imposed on businesses operating in the City of Atlanta. Sales tax revenue is the third largest share of general fund revenues accounting for nearly 20% of revenue anticipations. Sales tax revenue is extremely flexible due to changes in economic performance associated with disposable income and unemployment levels. Despite still declining revenues, the budget avoids service cuts and property tax hikes, while adding about a million dollars to the

Taxation is known for causing headaches, and even more so when the regulations are altered and implementation begins in the next year. An example of taxation leading to confusion and migraine pain is the issuance of final regulations related to the capitalizing expenses related to tangible property. The issuance is known as the short hand “Repair Regs” and is related to the capitalization of costs for repair and maintenance of tangible property. Capitalizing the costs means that the tax benefit of an expense is not 100% deducted out in the year of purchase but having the item begin amortizing those costs over a period of time and slowly unwinding it out once a plumber or roofer has been called in to alleviate some of the