Reference no: EM132787181
1. Develop a financial compliance and tax liabilities report.
You are required to write report on the company's key financial compliance requirements and its current tax liabilities.
To ensure that the company's financial risks in relation to the misappropriation of funds and recording of transactions are managed adequately, you are required to outline reporting requirements and financial delegations as outlined in the company's Finance Policy and Procedures.
Research and report on the business' key financial compliance requirements and liabilities for tax.
The report should explain:
- GST reporting requirements (the company is required to report quarterly)
- PAYG withholding obligations
- PAYG income tax instalment
- Payroll tax obligations (state government)
- Superannuation entitlements and requirement to comply with legislation regarding frequency of payment, choice of fund and reporting to staff.
Your Financial compliance and tax liabilities report should be between one and two pages long.
2. Send an email to the Principal Consultant (your assessor).
The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.
It should introduce and summarise the contents of the attachments. Ask them to read the documents in preparation for discussing them at the upcoming meeting.
Attach the following to the email:
- Your financial report
- Your budget forecasts
- Your financial compliance and tax liabilities report