Explain the ATO requirements for businesses regarding GST registration.

accounting

Description

Review the Australian Taxation Office web site and identify company tax rates for the current tax year for the following types of entity:

a.      Small business entity

b.      Non-profit company

c.      Non-profit company that are small business entities

 

 

 

 

 

 

Explain the ATO requirements for businesses regarding GST registration.

 

 

 

 

 

 

Explain how the Corporations Act 2001 defines a Pty Ltd company and requirements regarding the number of directors and members.

 

 

 

Under the Corporations Act 2001, how long must a registered company keep its financial records.

 

 

 

 

Explain under what circumstances consolidated accounts must be prepared.

 

 

 

Outline key considerations for a professional accountant in evaluating interests and relationships that may create a conflict of interest and provide three examples of situations which could result in a conflict of interest for a professional accountant.

 

 

 


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