3 of 3 30 MI 7 Aug 14 Aug 21 Aug 28 4 Sep 11 Sep 18 Sep 25 Sep 0 0 35 5 50 12 31 20 3D 5 5 30 10 . 10 1 10 5 Beness Activity Statement Information Maret Pets had previously provided one of the former stall with a motor vehicle and the business was paying fringe benefits tax FT) on this. The FBT was calculated using the operating cost method and had a business use of 85%. The staff ceased the employment with Planet Pets on 30 June 2021 and the motor vehicle is now garaged and not being used. The ATO currently have Planet Pets paying For instaliments of S125/quarter Planet Pets would like you to consider if this tax needs to be paid for the September 2001 quer? The ATO have advised Salyst month that she has a personal quarterly tax instalment payable of $7.500/quarter. She has chosen to start paying this fied to the ATO commencing in the September 2021 quarter There are no labies for ETC FTC All amounts are GST inclusive unless otherwise stated II! Expenses and payments for the quarter ended 30 September 2021 (inclusive of GST where appropriate) Materials and supplies purchased in the September quarter $250,000 Payments for materials relating to August supplies 575.000 New machine purchase via loan on 1 September 2021 $30,000 First repayment of the machine loan 30 September 2021 $1.000 Freight charges for the new machine $220 Subcontractor wages (not registered for GST) $2 200 Customer service training for staff $1200 Staff amenities (biscuits, milk, tea and coffee GST free) $150 Yearly staff function at a local restaurant ($120/head) $720 sewels for dog collars imported from the US $5.000 (SAUD) Freight charges for the jewels** $350 Airfares for staff to attend tradeshows in Sydney $3.000 "The staff function would be considered minor and infrequent and be considered entertainment for the purposes of income tax, hence not tax deductible ** The US company did not charge GST on the jewels. The Australian freight company did charge GST *** Sally had booked a stall tatradeshow and was a guest speaker at the event. Due to lockdowns associated with COVIO, only two of the staff could attend this event. The airline did not refund the unused amount of airfares of $1.500 and have provided the business with a credit to be used at a later date Salary and Wake Planet Pets has 5 employers. They are paid weekly and all employees are entitled to the tac.free threshold and superannuation as per the superannuation guarantee. Wape details for each of the employees are as follows Simone permanent staff member 565.000 per annum Max permanent staff member) 545,500 per annum Molly $32.500 per annum David and Luke are casual employees and they are paid on the basis of the number of hours they work each week. The hours worked for David and luke are outlined below Week ending David $25 per hour Luke $15 per hour 2 Jul 15 10 9 jul 10 8 16 Jul 10 8 23 Jul 12 10 30 Jul 0 5 7 Aug 0 5 14 Aug 15 10 21 Aug 5 10 25 Aug 10 8 4 Sep 12 10 11 Sep 11 18 Sep 20 10 25 Sep 10 5 Business Activity Statement information Planet Pets had previously provided one of their former staff with a motor vehide and the business was paying fringe benefits tax FBT) on this. The FBT was calculated using the operating cost method and had a business use of 85%. The staff ceased their employment with Planet Pets on 30 June 2021 and the motor vehide is now garaged and not being used. The ATO currently have Planet Pets paying For installments of $1250/quarter. Planet Pets would like you to consider if this tax needs to be paid for the September 2021 quarter? hintalantable THAT Completion of working papers and the Business Activity Statement(BAS) using the excel template provided in the assessment tasks and submission section of the unit's MySusite Your completed excel document will then be submitted via a furnitin submission link provided 15 mars Completion of a one hour online timed test to be attempted once you have completed the BAS and the associated working papers. This test can be located in the assessment tasks and submission section of the unit's MysCu site. [20 marks) Business case study information Sally owns the business operating as Planet Pets. Sally is a sole trader for tax purposes. Planet Pets manufacture chemical free toys for domestic animals and des per collars, for customer's pets. Both of their products are manufactured and warehoused on the Gold Coast and sold to various wholesalers and retail outlets throughout Australia. Planet Pets has five (5) employees Sally has asked for your assistance in completing the September quarter 2021 Business Activity Statement(BAS), Sally is registered for GST and operates on an accruals basis. To assist you. Sally has provided you with the following information about the activities of the business for the September 2021 quarter Sales and receipts received for the quarter ended 30 September 2021 (inclusive of GST where appropriate) Sales for the quarter from toys and collars $505.000 Customer collections from August sales $125.000 Bank interest received $125 Sale of office equipment 31 July 2021 used in the business $3,500 lob keeper payments received for the month of July 2021 $4.500 Expenses and payments for the quarter ended 30 September 2021 inclusive of GST where appropriate Materials and supplies purchased in the September quarter $250.000 Payments for materials relating to August Supplies $75,000 New machine purchase via loan on 1 September 2021 $30,000 First repayment of the machine loan 30 September 2021 $1,000 Freight charges for the new machine $220 Subcontractor wages (not registered for GST) $2,200 Customer service training for staff $1,200 Stadt amenities biscuits, mik, tea and coffee GST free) $350 Yearly staff function at a local restaurant (S120/head) $720 Jewels for dog collars imported from the US $5,000 (SAUD) Freight charges for the wels" $350 Airfares for staff to attend tradeshows in Sydney 53.000 "The staff function would be considered minor and infrequent and be considered entertainment for the purposes of income tax hence not tax deductible. ** The US company did not charge GST on the jewels. The Australian freight company did charge GST * Sally had booked a stail at a tradeshow and a was a guest speaker at the event. Due to lackdowns associated with COVID, only two of the staff could attend this event. The airline did not refund the unused amount of airfares of $1.500 and have provided the business with a credit to be used at a later date. Salary and was Planet Pets has employees. They are paid weekly and all employees are entitled to the tax free threshold and superannuation as per the superannuation guarantee. Wape details for each of the employees are as follows: 3 of 3 30 MI 7 Aug 14 Aug 21 Aug 28 4 Sep 11 Sep 18 Sep 25 Sep 0 0 35 5 50 12 31 20 3D 5 5 30 10 . 10 1 10 5 Beness Activity Statement Information Maret Pets had previously provided one of the former stall with a motor vehicle and the business was paying fringe benefits tax FT) on this. The FBT was calculated using the operating cost method and had a business use of 85%. The staff ceased the employment with Planet Pets on 30 June 2021 and the motor vehicle is now garaged and not being used. The ATO currently have Planet Pets paying For instaliments of S125/quarter Planet Pets would like you to consider if this tax needs to be paid for the September 2001 quer? The ATO have advised Salyst month that she has a personal quarterly tax instalment payable of $7.500/quarter. She has chosen to start paying this fied to the ATO commencing in the September 2021 quarter There are no labies for ETC FTC All amounts are GST inclusive unless otherwise stated II! Expenses and payments for the quarter ended 30 September 2021 (inclusive of GST where appropriate) Materials and supplies purchased in the September quarter $250,000 Payments for materials relating to August supplies 575.000 New machine purchase via loan on 1 September 2021 $30,000 First repayment of the machine loan 30 September 2021 $1.000 Freight charges for the new machine $220 Subcontractor wages (not registered for GST) $2 200 Customer service training for staff $1200 Staff amenities (biscuits, milk, tea and coffee GST free) $150 Yearly staff function at a local restaurant ($120/head) $720 sewels for dog collars imported from the US $5.000 (SAUD) Freight charges for the jewels** $350 Airfares for staff to attend tradeshows in Sydney $3.000 "The staff function would be considered minor and infrequent and be considered entertainment for the purposes of income tax, hence not tax deductible ** The US company did not charge GST on the jewels. The Australian freight company did charge GST *** Sally had booked a stall tatradeshow and was a guest speaker at the event. Due to lockdowns associated with COVIO, only two of the staff could attend this event. The airline did not refund the unused amount of airfares of $1.500 and have provided the business with a credit to be used at a later date Salary and Wake Planet Pets has 5 employers. They are paid weekly and all employees are entitled to the tac.free threshold and superannuation as per the superannuation guarantee. Wape details for each of the employees are as follows Simone permanent staff member 565.000 per annum Max permanent staff member) 545,500 per annum Molly $32.500 per annum David and Luke are casual employees and they are paid on the basis of the number of hours they work each week. The hours worked for David and luke are outlined below Week ending David $25 per hour Luke $15 per hour 2 Jul 15 10 9 jul 10 8 16 Jul 10 8 23 Jul 12 10 30 Jul 0 5 7 Aug 0 5 14 Aug 15 10 21 Aug 5 10 25 Aug 10 8 4 Sep 12 10 11 Sep 11 18 Sep 20 10 25 Sep 10 5 Business Activity Statement information Planet Pets had previously provided one of their former staff with a motor vehide and the business was paying fringe benefits tax FBT) on this. The FBT was calculated using the operating cost method and had a business use of 85%. The staff ceased their employment with Planet Pets on 30 June 2021 and the motor vehide is now garaged and not being used. The ATO currently have Planet Pets paying For installments of $1250/quarter. Planet Pets would like you to consider if this tax needs to be paid for the September 2021 quarter? hintalantable THAT Completion of working papers and the Business Activity Statement(BAS) using the excel template provided in the assessment tasks and submission section of the unit's MySusite Your completed excel document will then be submitted via a furnitin submission link provided 15 mars Completion of a one hour online timed test to be attempted once you have completed the BAS and the associated working papers. This test can be located in the assessment tasks and submission section of the unit's MysCu site. [20 marks) Business case study information Sally owns the business operating as Planet Pets. Sally is a sole trader for tax purposes. Planet Pets manufacture chemical free toys for domestic animals and des per collars, for customer's pets. Both of their products are manufactured and warehoused on the Gold Coast and sold to various wholesalers and retail outlets throughout Australia. Planet Pets has five (5) employees Sally has asked for your assistance in completing the September quarter 2021 Business Activity Statement(BAS), Sally is registered for GST and operates on an accruals basis. To assist you. Sally has provided you with the following information about the activities of the business for the September 2021 quarter Sales and receipts received for the quarter ended 30 September 2021 (inclusive of GST where appropriate) Sales for the quarter from toys and collars $505.000 Customer collections from August sales $125.000 Bank interest received $125 Sale of office equipment 31 July 2021 used in the business $3,500 lob keeper payments received for the month of July 2021 $4.500 Expenses and payments for the quarter ended 30 September 2021 inclusive of GST where appropriate Materials and supplies purchased in the September quarter $250.000 Payments for materials relating to August Supplies $75,000 New machine purchase via loan on 1 September 2021 $30,000 First repayment of the machine loan 30 September 2021 $1,000 Freight charges for the new machine $220 Subcontractor wages (not registered for GST) $2,200 Customer service training for staff $1,200 Stadt amenities biscuits, mik, tea and coffee GST free) $350 Yearly staff function at a local restaurant (S120/head) $720 Jewels for dog collars imported from the US $5,000 (SAUD) Freight charges for the wels" $350 Airfares for staff to attend tradeshows in Sydney 53.000 "The staff function would be considered minor and infrequent and be considered entertainment for the purposes of income tax hence not tax deductible. ** The US company did not charge GST on the jewels. The Australian freight company did charge GST * Sally had booked a stail at a tradeshow and a was a guest speaker at the event. Due to lackdowns associated with COVID, only two of the staff could attend this event. The airline did not refund the unused amount of airfares of $1.500 and have provided the business with a credit to be used at a later date. Salary and was Planet Pets has employees. They are paid weekly and all employees are entitled to the tax free threshold and superannuation as per the superannuation guarantee. Wape details for each of the employees are as follows