complete business activity & instalment activity statements

must complete to Instalment activity from BAS

$ PR Task 11 Irene Abbott operates a small business as a sole trader selling jewellery, and receives investment income, but is not registered for GST. She is required to pay PAYG Withholding quarterly and PAYG Instalments and uses Option 2. During the September quarter Irene paid wages of $2000 (net of $500 PAYG withheld) and paid a subcontractor $3650, from which $730 was withheld. Details of Cash Receipts for the September quarter were as follows: Trading income 17650 Rental income 2200 Sales of shares 4500 Dividend income 3450 PAYG Instalment rate notified by ATO 19.6% Irene has had a downturn in her business due to other competition and wishes to amend her PAYG Instalment amount. She now expects her annual PAYG instalment income to be $67,000 and her annual PAYG income tax to be $8,700. Irene has also been having cash flow problems and is concerned about her ability to pay her BAS obligations on time. Currently she pays the ATO through the mail. Required: 11.1 From the ATO website, select and print the appropriate IAS and complete Irene's IAS for the September quarter according to current statutory, legislative, regulatory and organisational requirements, including due dates The completed IAS form must have answers printed clearly using a black pen and you should sign and date using the due date for lodgement 11.2 Write a short memo to Irene, offering at least three (3) suggestions as to how she might ensure she has sufficient funds to pay the amount due on her IAS and to adhere to ATO requirements 11.1 Calculations: 11.2 Memo to Irene: ad hu 41070110 Instalment activity statement Document 1 When completing this form: print clearly using a black pon show whole dollars only do not show cents) if reporting a zero amount, print O' (do not use NIL leave boxes blank if not applicable do not use N/A, NIL) do not use symbols such as+,-./$ PAYG Income tax instalment V Contact phone number Coro who completed the form PAYG tax withheld Complete Option 1 OR 2 (indicate one choice with an X Option 1: Pay a PAYG instalment amount quarterly W1S T7 S Write the T7 amount at 5A in the Summary section over the page OR if varying this amount, complete T8, T9 and 14 Estimated tax for the year TBS Dd OL ID Amount withheld from W2 S ba payment shown Amount withheld where na Nited W4 $ Varied amount for the T9 bd Write the T9 amount at 5A in the Summary section over the page and then complete the other sections Reason code for variation T4 OR Option 2:Calculate PAYG instalment using income times rate Other amount whold sing wymount W3 S shown WoW DO 12. WS $ Total amount withheld DO Write the W5 amount at 4 in the Summary section over the page and then complete the other sections PAVG Instalment income T1 $ 19.60 T2 OR New Variedade T3 T1 T2 for x T) T11 $ DO Write the T11 amount at 5A In the Summary section over the page and then complete the other sections Reason code for variation T4 NATED TOT Methods of payment BPAY: contact your financial institution to make this Mail payments: mall the payment slip to other with your chaque or iB payment from your choque or savings account money order using the rivolopo provided. Please do not use pins or Quote biler code 75556 and your EFT code shown staplos. Do not send cash. See below for chaque information PAY on the front of the payment sip) as the customer Post office: payments can be made of any post office by cash, reference number choque or EFTPOS (where available and subject to dally limits). A Direct credit: you can electronically transfer funds to the $3.000 limit applies to cash payments. Your payments must be Thox Office's direct credit bank account using online banking presented with your payment facilities. Use BSB 003 003, Account number 316 385 and your EFT code, Phono 1800 815 886 for assistance if required Cheques/money orders should be for amounts in Australian dollars Direct debit: have your payment deducted from your financial and payable to Deputy Commissioner of Taxation. Cheques should institution account inot credit cards). Phone 1800 802 308 for be crossed "Not Negotiable'. Payments cannot be made by credit a direct debit request form and/or details card, or in person at any Tax Office branch or shopfront. Fringe benefits tax (FBT) Instalment We the F1 mountat SA in the Summary section below On varying this most complete 12,13,14 F25 W F3S ter write the amount to in the Summary section below encode or writion F4 Summary Amounts you owe the Tax Office Amounts the Tax Office owes you PAGE 4 X Prince 5AS Dd tror PAYS D D LL FOTAS DO DO DOO DOO DOO Cottom of 68 Instant variation Decomprend 7 XX 4 SAAT BAS 5588B De Payment or refund? Is BA more than 88? Yes, then the the rest of BM This amounts Your payment or refund amount Indicate with payable to the Tax Office 9 bd Na thenethet of A This montis refundable to you the best you have (Do not use symbols such as +,-./.S Declaration are that the information on this form and come and that Return this completed form to MES I am there is a declaration NES Cate the Indude the Activity in a wom www.ategobe ordered by phoning 13 23 The Office authorised by the laws to collect this information to hools and may pass information to other vendet More information about privacy and to your ta formation is available from www.a.gov. $ PR Task 11 Irene Abbott operates a small business as a sole trader selling jewellery, and receives investment income, but is not registered for GST. She is required to pay PAYG Withholding quarterly and PAYG Instalments and uses Option 2. During the September quarter Irene paid wages of $2000 (net of $500 PAYG withheld) and paid a subcontractor $3650, from which $730 was withheld. Details of Cash Receipts for the September quarter were as follows: Trading income 17650 Rental income 2200 Sales of shares 4500 Dividend income 3450 PAYG Instalment rate notified by ATO 19.6% Irene has had a downturn in her business due to other competition and wishes to amend her PAYG Instalment amount. She now expects her annual PAYG instalment income to be $67,000 and her annual PAYG income tax to be $8,700. Irene has also been having cash flow problems and is concerned about her ability to pay her BAS obligations on time. Currently she pays the ATO through the mail. Required: 11.1 From the ATO website, select and print the appropriate IAS and complete Irene's IAS for the September quarter according to current statutory, legislative, regulatory and organisational requirements, including due dates The completed IAS form must have answers printed clearly using a black pen and you should sign and date using the due date for lodgement 11.2 Write a short memo to Irene, offering at least three (3) suggestions as to how she might ensure she has sufficient funds to pay the amount due on her IAS and to adhere to ATO requirements 11.1 Calculations: 11.2 Memo to Irene: ad hu 41070110 Instalment activity statement Document 1 When completing this form: print clearly using a black pon show whole dollars only do not show cents) if reporting a zero amount, print O' (do not use NIL leave boxes blank if not applicable do not use N/A, NIL) do not use symbols such as+,-./$ PAYG Income tax instalment V Contact phone number Coro who completed the form PAYG tax withheld Complete Option 1 OR 2 (indicate one choice with an X Option 1: Pay a PAYG instalment amount quarterly W1S T7 S Write the T7 amount at 5A in the Summary section over the page OR if varying this amount, complete T8, T9 and 14 Estimated tax for the year TBS Dd OL ID Amount withheld from W2 S ba payment shown Amount withheld where na Nited W4 $ Varied amount for the T9 bd Write the T9 amount at 5A in the Summary section over the page and then complete the other sections Reason code for variation T4 OR Option 2:Calculate PAYG instalment using income times rate Other amount whold sing wymount W3 S shown WoW DO 12. WS $ Total amount withheld DO Write the W5 amount at 4 in the Summary section over the page and then complete the other sections PAVG Instalment income T1 $ 19.60 T2 OR New Variedade T3 T1 T2 for x T) T11 $ DO Write the T11 amount at 5A In the Summary section over the page and then complete the other sections Reason code for variation T4 NATED TOT Methods of payment BPAY: contact your financial institution to make this Mail payments: mall the payment slip to other with your chaque or iB payment from your choque or savings account money order using the rivolopo provided. Please do not use pins or Quote biler code 75556 and your EFT code shown staplos. Do not send cash. See below for chaque information PAY on the front of the payment sip) as the customer Post office: payments can be made of any post office by cash, reference number choque or EFTPOS (where available and subject to dally limits). A Direct credit: you can electronically transfer funds to the $3.000 limit applies to cash payments. Your payments must be Thox Office's direct credit bank account using online banking presented with your payment facilities. Use BSB 003 003, Account number 316 385 and your EFT code, Phono 1800 815 886 for assistance if required Cheques/money orders should be for amounts in Australian dollars Direct debit: have your payment deducted from your financial and payable to Deputy Commissioner of Taxation. Cheques should institution account inot credit cards). Phone 1800 802 308 for be crossed "Not Negotiable'. Payments cannot be made by credit a direct debit request form and/or details card, or in person at any Tax Office branch or shopfront. Fringe benefits tax (FBT) Instalment We the F1 mountat SA in the Summary section below On varying this most complete 12,13,14 F25 W F3S ter write the amount to in the Summary section below encode or writion F4 Summary Amounts you owe the Tax Office Amounts the Tax Office owes you PAGE 4 X Prince 5AS Dd tror PAYS D D LL FOTAS DO DO DOO DOO DOO Cottom of 68 Instant variation Decomprend 7 XX 4 SAAT BAS 5588B De Payment or refund? Is BA more than 88? Yes, then the the rest of BM This amounts Your payment or refund amount Indicate with payable to the Tax Office 9 bd Na thenethet of A This montis refundable to you the best you have (Do not use symbols such as +,-./.S Declaration are that the information on this form and come and that Return this completed form to MES I am there is a declaration NES Cate the Indude the Activity in a wom www.ategobe ordered by phoning 13 23 The Office authorised by the laws to collect this information to hools and may pass information to other vendet More information about privacy and to your ta formation is available from www.a.gov