Explain ato requirements for businesses regarding gst

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Question

1. 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.

2. Explain ATO requirements for businesses regarding GST registration.

3. Explain under what circumstances consolidated accounts must be prepared.

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

Reference no: EM132325627

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