P1: Home Project: Skills ACTIVITY DESCRIPTION: Objective: To provide you with an opportunity to show you have the required skills for this unit. Task 1: One essential piece of running a small business is ensuring you comply with legislation, regulation and workplace documentation. Read the following web page on tax registration composed by business.gov.au and summarize what is required and suggested for you as a business owner. https://www.business.gov.au/Registrations/Register-for-taxes Task 2. For the artisanal bakery (or your business), develop a plan for conducting financial business to be sent to relevant personnel. Write your plan in a report which is clear and effective. This should include: How financial activities would be planned, scheduled, implemented and monitored How and when financial reporting would be done How records and reports would be made Formal and informal monitoring processes that may be used How decisions regarding financial and business plans would be made and why these would be made