Reference no: EM131484706

Assignment

Rhonda has appointed you as the bookkeeper for her business Rhonda's Plants. Before commencing with the initial tasks, you must review the terms of engagement, and Rhonda's policies and procedures

TASK 1

Rhonda's Plants have provided accounting transaction information (see Rhonda'sPlants Accounting Transactions document) which relates to the BAS reporting period April to June 2017. You are required toCode these GST transactions for MYOB. In accordance with Rhonda's Plants policies and Procedures Clause

TASK 2
As Rhonda's bookkeeper, you are required to ensure the business meets all their tax and reporting requirements. Prepare a schedule that provides Rhonda with estimates of the amounts and timing of her tax obligations for the year.(NOTE this should be done on excel or word)

Annual turnover $2,750,000(30% of these are estimated to be Export sales) Rhonda estimates that she claims 20,000 per year for GST paid
Annual withholding: $80,000
Pre printed PAYG tax instalment $45,000 per quarter
Pre printed FBT per quarter $1200

TASK 3
Rhonda seeks your advice on the following:

(i) Rhonda has heard from a work colleague about Fuel Tax credits. She has asked you whether she can claim Fuel Tax credits.
Research the ATO website and your text book and advise Rhonda

Advise Rhonda. Provide 2 practical examples of the application of the fuel tax credit

(ii) Rhonda purchased a luxury car with an all-up price of $140,000. In April 2017.She has asked you

a. To calculate the amount of luxury car tax she has paid for the car

b. Whether she needs to include the luxury car tax in her June BAS statement.

Attachment:- accmyob.zip