1. Write a Taxation Report. To ensure that you understand your business' tax reporting obligations, write a short report that addresses the following: Outline the taxation requirements that apply to your business. Records that need to be kept and for how long. Lodgement schedule requirements. A suggested process for record keeping ensuring taxation requirements are met. Information that needs to be included in the company's invoice. Develop an example of an invoice for the business that meets all taxation requirements. Use the Taxation Report Template to guide your work