Antonio has been operating as a sole trader and has been making all business decisions both operational
Question:
Antonio has been operating as a sole trader and has been making all business decisions both operational and financial. Over the years, Antonio's business has grown extensively in size and needs. He now has to rent a warehouse to keep a large inventory and must put in a system to monitor the inventory items. He is also planning to acquire another business to extend his business opportunities. Consequently, Antonio has decided to change his business structure to a company so that the business could get injection of new capital through the shareholders. Hint: Refer to useful websites
Required a
Considering the needs of the business, explain how the new company should adopt good tax governance practices. Your answers should address:
a) Decision making processes
b) Getting proper advice
c) Record keeping and documentation
Country : Australia
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong