FNSTPB401

Complete business activity and

instalment activity statements

As part of FNS40217 - Certificate IV in Accounting and Bookkeeping

Prepared by Rochelle Arnolda (Accounting Trainer and Assessor)

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Rochelle Arnolda
Trainer: in Accounting

Online class session:

Wednesday :11am

Trainer Consultation times (by email):

Wednesday 10.30am – 2.30pm

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 Today’s class

Assessment Assessment Submission

Welcome Unit Content Task 2 Referencing
Requirements process
Part (A)

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Assessment Methods
Task 1 – Written Questions – Completed 18.11.2020
14 Questions to be answered including sub parts

Task 2 – Project
Part A - To be discussed on 25.11.2020
16 Questions to be answered including sub parts

Part B
2 Questions

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 Please read your Session Plan (PDF) sent by email

FNSTPB401
(Unit Duration: 4 weeks )

Week Date Time Description

Online class session1 on ZOOM.

Week1 18-Nov-20 11:00 AM
Discuss all theory cocepts and Knowledge necessary to complete Task 1

Online class session 2 on ZOOM.

Week2 25-Nov-20 11:00 AM
Discuss Task 2 - Part A

Online class session 3 on ZOOM.

Week 3 2-Dec-20 11:00 AM
Discuss Task 2 - Part B

Week 4 9-Dec-20 Assessment submission to be made by 1.30pm the latest

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 Business activity statements (BAS)
If a business is registered for GST, you need to lodge a business activity
statement (BAS).

BAS will help you report and pay your:

goods and services tax (GST)
pay as you go (PAYG) instalments
PAYG withholding tax
other taxes.
When you register for an Australian business number (ABN) and GST we will
automatically send you a BAS when it is time to lodge.

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 What to include on a BAS

Goods and services tax (GST)

Pay as you go (PAYG) income tax instalments

Pay as you go (PAYG) tax withheld

Fringe benefits tax (FBT) instalment

Luxury car tax (LCT)

Wine equalisation tax (WET)

Fuel tax credits

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 Choosing an accounting method for GST

There are two methods. The business need to choose the

appropriate method.

Accounting for GST on a cash basis

Accounting for GST on a non-cash basis

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Persons to consult if you have any
concerns about BAS preparation

Senior BAS Agent

Tax Accountant

Company’s Financial Accountant

Business Owner or CEO

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Types of taxes to be included in the BAS
statement
Goods and services tax (GST)
Pay as you go (PAYG) income tax instalments
Pay as you go (PAYG) tax withheld
Fringe benefits tax (FBT) instalment
Luxury car tax (LCT)
Wine equalisation tax (WET)
Fuel tax credits

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 Code of Professional Conduct for BAS
agents

Honesty and integrity

Independence

Confidentiality

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 Networks available for a Bookkeeper/BAS
agent to widen their information sources
Tax Practitioner Board (TPB)

Institute of Certified Bookkeepers (ICB) website and forums

Australian Taxation Office (ATO)

CPA Australia website and publications

Chartered Accountants Australia and New Zealand website

LinkedIn professional groups

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 ATO PAYG lodgement and Payment
schedule for Farrell’s Furniture

Due dates for quarterly instalments

Quarter Period Due date

1 July–September 28 October

2 October–December 28 February

3 January–March 28 April

4 April–June 28 July

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Documents a BAS Agent can submit for the
client
Applying to the Registrar for an ABN on behalf of a client
Completing and submitting activity statements on behalf of an entity
or instructing the entity which figures to include.
Preparing and submitting an income statement that may include
reportable fringe benefits amounts and the reportable employer
superannuation contributions.
Registering or providing advice on registration for GST or PAYG
withholding.
Completing and lodging the Taxable payments annual report to the
ATO on behalf of a client.
Sending a TFN declaration to the Commissioner on behalf of a client.

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 Payment option arrangements available to the
business to meet statutory requirements

Payment plan

Setting up a payment plan

Secured payment plan

Disasters and serious hardship

Interest-free payment plans for activity statement debts

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 Professional and legal requirements
necessary to provide BAS services

Register with the Tax Practitioners Board

Register under safe harbor provisions in the Tax

Administration Act 1953

Register with ATO as a BAS Agent

Register under Tax Agent Services Regulations 2009

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 Maintain Continuous Professional Development
requirements for a BAS Agent
Participate in training and development activities

Participate in webinars done by Tax Practitioners Board and Australian

Taxation Office

Take membership in Tax Practitioners Board

Get membership in the Institute of Certified Bookkeepers

Participate in seminars and workshops related to BAS Services

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Complete the declaration and sign the
Business Activity Statement
The Authorised BAS Agent to complete the Business Activity Statement must
sign the declaration after completing the BAS and before submitting it to the
ATO.

The client (your business owner) is required by law to provide a declaration to

the BAS Agent each time an activity statement or tax return is lodged.

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 Lodge Business Activity Statements to ATO

Online by the Business Portal

By Paper Form

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How to Completely reference an
Assessment

All assessments need to be correctly referenced including an

- In text reference (references written in the body of the assessments)
- Reference page (only 1 page at the end of the assessment. Must include all in
text references)

Assessments that are not correctly referenced will be Marked as Plagiarised

leading to ‘Not Yet Competent’ or NYC

You need to reference all material sources from class notes and websites

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How to write References in text reference:
The name of the author/ organization responsible for the website and the
date created or last revised the website:
Can be written in two ways

Eg:
It is essential that all financial institutes disclose all the product
information enabling clients to make an informed decision.
(Product Disclosure Statements 2020)
OR
As stated in the Australian Tax Office 2020 “taxable income is the
income you have to pay tax on. It is the term used for the amount
left after you have deducted all the expenses you can claim from
your assessable income”.

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How to write References in reference list :

Please follow the below format to reference

(1) (2) (3)
[Heading of the topic or web page], [Year article was written]., <weblink>,
(4)
(date article was viewed)

Example:
(1) (2) (3)
Product Disclosure Statements (2020), <https://moneysmart.gov.au/glossary/product-
disclosure-statement-pds >, (viewed 19th May 2020) (4)

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 A guide to answering short answer
questions

The length of your answers will be guided by the description in each

assessment:

Short answers: 50 words

Short report: 500 words
Mid Report: 1000 words

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 Terminology used in the questions – how to respond
If you are asked to You should

LIST In bullet points, numbered points provide the amount

IDENTIFY asked in the question.
If no amount specified, 3 is always good.

DESCRIBE In paragraph form, give a full account of an event, idea

DISCUSS or concept – include ALL relevant information (Minimum
WHAT 50 words).
**If need to describe each listed point minimum 25
words each for each point description
EXPLAIN In paragraph form, describe in enough detail to clarify –
an idea, concept, situation, insight or challenge
(Minimum 50 words).
**If need to describe each listed point minimum 25
words each for each point description
DEFINE
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In paragraph form, explain the meaning of a term or
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concept (Minimum 50 words).

Terminology used in the questions – how to
respond
If you are asked to You should

STATE (name) That is a tree; the Privacy Policy 1988; Consumer laws
SUGGEST What are possible answers in either paragraph or bullet
points

OUTLINE In paragraph form, provide the main points of your

idea, concept, situation, insight or challenge (Minimum
50 words).
SUMMARISE In paragraph form, explain the key points or insights
derived from a text, event or situation (Minimum 50
words).
COMPARE List, describe or explain the similarities and differences
between two (or more) ideas, concepts, events,
situations, challenges or insights
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Cheating is not acceptable
Anyone caught cheating will automatically be excluded under the
disciplinary Rules and their opportunity for assessment will be
subject to the outcome of an appeal process or disciplinary hearing.

Types of cheating include:

Plagiarism: (copy and paste) this is considered cheating as you
are trying to use someone else’s words as your own. Direct
quotes are acceptable as long as you reference the quote and
use “” marks.

Collusion: this is working with someone else on an INDIVIDUAL

assessment and submitting the same assessment.

Cheating: Copying from another learner with or without their

permission

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Picture from Dr Elson 2018

 Submission Due Date

Final day for submissions is Wednesday 9th

December 2020 at 5 pm.

All Assessments NOT submitted to Turnitin by Wednesday

9th December 2020 at 5 pm will receive a NYC (FAIL)
unless taken prior permission.

NO Assessment submission will be Accepted by EMAIL.

Do not leave your assessment to the last hour before

submission
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Requirements for a satisfactory submission

Type up your assessment answers using the provided template/s

MUST include a reference page, references to the material is

provided, you need to add your additional sources if applicable

All Assessments to be Submitted through Turnitin

NO cheating do not copy someone else’s work , It will NOT be

Accept it and you may receive a NYC

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 Name Assessment Answer Booklet as per
Institute requirement
Please SAVE your assessment Answer Booklet as:

Student ID _ Student Name _ unit code

E.g.
SPI 11111 _ Your Name (As per your student identity)_ FNSTPB401
SHIC11111 _ Your name (As per your student identity)_ FNSTPB401

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Assessment Time

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