What is a business activity statement

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Reference no: EM132846373

Question - Please answer the following:

1. What is a Business Activity Statement (BAS)?

2. Where should a BAS be submitted?

3. What type of businesses are required to submit a BAS?

4. How often does a company need to issue this statement?

5. What is GST and what are the corresponding reporting requirements for it? Explain your answer in at least fifty words.

6. What is Capital Gains Tax (CGT)? Explain your answer in at least thirty words.

7. What is Fringe Benefits Tax (FBT)? Explain your answer in at least thirty words.

8. Explain how conflict of interest, confidentiality and disclosure may impact on your financial reporting. Provide one example for each situation.

Reference no: EM132846373

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