Who is taking on the role of the client chris smith

Assignment Help Managerial Accounting

Reference no: EM133348464

Question: You work as an employee of XYZ Bookkeeping Services Pty Limited, as a registered BAS agent. You have recently acquired a new client, Chris Smith, who is a retail shop owner. His business is registered for GST (with a turnover of less than $10 million) and only started trading 20 days ago. Chris pays wages to two employees and does not provide fringe benefits.

Chris informs you that after registering for GST, the ATO sent him a Business Activity Statement (BAS). Chris has scheduled a 10 20 minute meeting with you, and requested you to explain the requirements of lodging a Business Activity Statement using a BAS agent.

Instructions for students:

A teacher will play the part of the new client, Chris Smith. You will prepare an agenda and/or supporting documentation for this 10 minute meeting.

Use appropriate communication techniques including:

using clear and appropriate language and tone for the audience
using questioning and active listening to clarify details
using clear and direct language to refer problems
You are required to demonstrate your skills in:

Researching and documenting legislative, regulatory, industry and organisational requirements relating to activity statements and seeking expert advice to clarify issues where applicable
Identifying the scope of services that can be provided by a registered BAS agent under the Tax Agent Services Act (TASA) including limitations of services compared to those of a Tax Agent
Identifying and accessing information, advice and services outside own scope of operation; establishing and using networks where necessary
Checking activity statement and ensuring sign off by authorising person required by statutory, legislative and regulatory requirements
Lodging activity statement according to statutory, legislative and regulatory requirements
Oral communication
To complete this assessment, you will be required to present the information you have researched and developed, to your assessor, who is taking on the role of the client "Chris Smith".

Reference no: EM133348464

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