FNSACC411 Process business tax requirements

Elements describe the essential outcomes.Performance criteria describe the performance needed to demonstrate achievement of the element.
1. Maintain accounting records for taxation purposes1.1 Access and interpret taxation accounting system requirements specific to own role1.2 Establish and maintain records required to support taxation accounting system1.3 Comply with specific taxation requirements for business documents
2. Establish and maintain process for managing business tax returns2.1 Establish accounting process to manage process for taxation lodgements2.2 Maintain sufficient and current records to comply with lodgement requirements according to organisational policies and procedures2.3 Establish and meet lodgement schedule requirements
3. Process business tax returns and lodgements3.1 Identify and use required returns and lodgements in line with organisational procedures3.2 Process accounting data to comply with taxation reporting requirements3.3 Draft returns and lodgements for review by authorised personnel

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