Part C - CASE STUDY

1.You work as the finance manager of Awesome Landscapes Pty. Ltd. You have recently found some serious errors made by an external contractor who is a BAS Agent being used by the business.

These errors pertain to:

a)The last two BAS being lodged 3 months after the end of the quarters.

b)incorrectly applying the wrong tax treatment in relation to

i.recording the sale of plants without GST, and

ii.claiming fuel tax credits on the company's one tonne ute.

c)has hidden a letter from the Australian Taxation Office advising of a penalty for late lodgement of BAS'.

You need to write a brief for the CEO regarding these issues, the breaches and the proposed solution. As part of the brief that you will be submitting, you need to take the following actions:

i.Search the ATO website and consult for relevant information on the issues above relating to activity statements and record your findings including citing the URL of the ATO webpage that gave you the information.