Elements and Performance Criteria
- 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. 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
- Lodge tax documentation
- 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