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.