FNSTBP401-COMPLETE BUSINESS ACTIVITY AND INSTALMENT ACTIVITY STATEMENTS Project Write a 2,500-word paper explaining the role of the BAS agent—what a tax or BAS agent must do with regard to preparation and lodgement of BAS and IAS forms

FNSTBP401-COMPLETE BUSINESS ACTIVITY AND INSTALMENT ACTIVITY STATEMENTS

Project

Write a 2,500-word paper explaining the role of the BAS agent—what a tax or BAS agent must do with regard to preparation and lodgement of BAS and IAS forms.

Explain what GST is, how the BAS applies and why it is used.

In the paper answer these questions:

1. Whet legislation needs to be complied with and whet procedures need to be followed to comply with legislation, regulation and the Code of Professional Conduct?

2. What is tax agent service?

3. What materials or sources will you use to review, interpret and apply legislation related to taxes reported to activity statements?

4. What reconciliation procedures will you follow?

S. How will you identify lodgement schedule requirements and ensure sufficient funds are available?

6. How will you process accounting data to comply with tax reporting requirements?

7. What payroll activates will be reported on and whet reconciliation activities will be involved?

&. What forms will be required and how will the GAS and/or IAS be lodged?