BagCo Ltd is a large company that sells expensive, high quality, leather handbags.

BagCo Ltd is a large company that sells expensive, high quality, leather handbags. During the 2017/18 income year, BagCo Ltd spends $1m on the purchase of trading stock, and pays $2m in wages to employees. BagCo Ltd also pays $70,000 rent to occupy various retail premises in shopping centres during the 2017/18 income year. BagCo Ltd also incurred $40,000 in legal expenses in defending one of its directors against charges of misconduct in the 2017/18 income year. Brenda is an accountant employed by BagCo Ltd. Brenda leases an apartment in Chippendale, where she lives and maintains an office used exclusively for her accountancy work. BagCo Ltd does not provide her with an office. On 1 July 2017, Brenda paid $10,000 (GST exclusive) for a new piece of equipment, for her accountancy work. The equipment has an effective life of five (5) years. The equipment is used 80% for her accountancy work and 20% for private purposes. Brenda is very ambitious and in January 2018, in an effort to further develop her accounting skills, she attends a chartered accountants’ conference over two days in Brisbane organised by the Chartered Accountants Association. She pays a conference fee of $700 and incurs $1000 on air travel and accommodation in relation to attending the conference. Brenda also spends $800 on purchasing new suits to wear to work, and $150 on a “corporate” haircut, in order to look more like a Partner at the accounting firm and to improve her overall presentation. Advise Brenda and BagCo Ltd as to whether they can claim any deductions arising from the above facts, in the 2017/18 income year. In your answer, make sure you refer to any relevant cases, legislative provisions, and principles of tax law.

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10