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FNSBKPG404A Carry out Business Activity and Instalment Activity Statement Tasks

Summary

This unit describes the performance outcomes, skills and knowledge required to carry out tasks related to Business Activity Statements (BAS) and Instalment Activity Statements (IAS), including the completion of Activity Statements. Various aspects of the Tax Act, Goods and Services Tax (GST) Rulings and other legislation apply to this unit at the time of endorsement.

This unit is a mandatory requirement of the Tax Agent Services Act 2009.

http://www.tpb.gov.au/TPB/BAS_agents/TPB/BAS_agents/Overview_.aspx

FAQ: http://www.tpb.gov.au/TPB/BAS_agents/FAQ/TPB/BAS_agents/FAQ_for_BAS_agents.aspx

If you hold the Certificate IV in Financial Services (Accounting), the Diploma of Accounting and Advanced Diploma of Accounting or a degree in accounting you may be required to take this FNSBKPG404A Carry out Business Activity and Instalment Activity Statement Tasks course in order to comply to register as a BAS Agent.

This is an approved course in basic GST/BAS taxation principles. FNSBKPG404A Carry out Business Activity and Instalment Activity Statement Tasks is already included in the FNS40207 CERTIFICATE IV IN FINANCIAL SERVICES (BOOKKEEPING).

ABC Business Solutions is now offering this course by Distance only as a stand alone unit for compliance with the BAS Service Providers legislation.

Distance
Course name	GST Single Subject (BAS)
Price	$595.00 GST FREE
Duration

Please contact the ABC Office to book this course

To RPL (Recognition of Prior Learning) this course all modules must be completed

Researching and documenting Statutory, legislative and regulatory requirements relating to Activity Statements; Identifying Lodgement schedule requirements
Recognising GST implications and coding transactions
Reporting on payroll and other amounts withheld, pay as you go (PAYG) instalments and taxes
Completing, reconciling and lodging the Activity Statement
A comprehensive BIA written study guide
PowerPoint slides
Australian Master Bookkeepers Guide (RRP $120)

Included in the study guide are the following chapters:
Module 1: Goods & Services Tax	Module 2: Activity Statements
Overview of the GST Types of supplies What is a taxable supply? Liability for GST on taxable supplies GST Free Supplies Input taxed supplies Financial supplies Residential rent Creditable acquisitions Luxury cars and GST input tax credits Purchase of a car with Luxury Car Tax Reimbursements Pre-establishment costs Car expenses and GST input tax credits Registration Attribution basis Cash basis Accruals basis Tax periods Tax invoices Adjustments Adjustment for bad debts Second-hand goods FAQ’s	The Business Activity Statement Goods and services tax GST reporting options Option 1: calculate GST and report quarterly Option 2: calculate GST quarterly and report annually Option 3: pay GST instalment amount quarterly Report and pay GST annually
Module 3: GST & the BAS	Module 4: PAYG & the BAS
Option 1: calculate GST and report quarterly Item G1: Total sales Item G2: Export sales Item G3: Other GST-free sales Item G10: Capital purchases Purchase of assets costing $1,000 or less Item G11: Non-capital purchases Input taxed supplies Out-of-scope supplies GST-free supplies Item 1A: GST on sales Item 1B: GST on purchases	PAYG tax withheld Small withholder Medium withholder Quarterly tax periods Monthly tax periods Large withholder PAYG withheld and the BAS Item W1: Total salary, wages and other payments Item W2: Amounts withheld from payments at W1 Item W4: Amounts withheld where no ABN is quoted Item W3: Other amounts withheld Item W5: Total amounts withheld
Module 5: PAYG income tax instalment	Module 6: PAYG reporting options
PAYG income tax instalment	Option 1: pay a PAYG instalment amount quarterly Option 2: calculate PAYG instalment using income times rate Item T1. PAYG instalment income Item T2: ATO instalment rate Item T3: New varied rate Item T4: Reason code for variation Item T11: Total PAYG instalment
Module 7: Fringe benefits tax (FBT) instalment	Module 8: Completing the BAS - the summary section
Fringe benefits tax (FTB) instalment	Completing the BAS - the summary section
Module 9: Payment or refund
BAS rounding Lodgement of the BAS

This unit requires the application of skills and knowledge to identify relevant statutory, legislative and regulatory requirements and to process business taxation requirements related to various Activity Statements. This unit applies to those job functions that have responsibility for compiling and recording Activity Statement data and requires skills in working with others in order to gather and check data.

Please contact the ABC Office to book this course

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FNS40207 Cert IV Bookkeeping RPL

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