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Elements and Performance Criteria

1. Gather client data and verify client, organisational and legislative requirements
   • 1.1 Determine client's tax documentation preparation requirements
   • Conduct research to identify updates or additions to compliance requirements relevant to client circumstances, and establish recording and reporting requirements
   • Gather current data from appropriate sources, and identify assessable income and allowable deductions
   • Complete and record amounts in accordance with organisational and legislative requirements
   • Identify discrepancies or any unusual features and conduct research to resolve, or refer to appropriate authority
   • Identify accrued or prepaid income and expenditure, and record adjustments to value of assets and liabilities
2. 2. Identify, record and present client's tax documentation
   • 2.1 Calculate client's tax obligations, in accordance with legislative requirements and information gathering practices
   • Prepare relevant documentation within established timelines
   • Seek advice and guidance from specialist to evaluate and moderate decision processes
   • Discuss and confirm documentation with client to obtain client signature, authorisation and endorsement, ensuring legislative requirements are met
3. Lodge tax documentation
   • Submit relevant documentation to Australian Taxation Office (ATO) within established timelines
   • Advise client of current tax obligations and that advice from taxation authorities is to be followed
   • Respond to tax office enquiries and meet taxation audit requirements, when applicable, in timely manner
4. Identify, record and present client's tax documentation
   • Calculate client's tax obligations, in accordance with legislative requirements and information gathering practices
   • Prepare relevant documentation within established timelines
   • Seek advice and guidance from specialist to evaluate and moderate decision processes
   • Discuss and confirm documentation with client to obtain client signature, authorisation and endorsement, ensuring legislative requirements are met