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How will you ensure that sufficient and current records are maintained to comply with lodgement requirements? Describe how a business will determine the GST lodgement

  1. How will you ensure that sufficient and current records are maintained to comply with lodgement requirements?
  2. Describe how a business will determine the GST lodgement dates for the upcoming fiscal year.
  3. Describe the main cash inflow and outflows that a business might experience.
  4. How could a business improve its cash flow to ensure sufficient funds are available to meet taxation obligations? Conduct independent research as needed.

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