BSBESB402 - ASI - Assessment 2

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TAFE SA *

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BSBESB402

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Information Systems

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May 29, 2024

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docx

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Assessment Student Instructions Assessment Title Assessment 2 - Taxation Competency Details Unit code/s and title/s BSBESB402 Establish legal and risk management requirements for new business ventures Qualification code/s and title/s BSB40320 Certificate IV in Entrepreneurship and New Business Business unit/Work group Business and Arts / Management Program Instructions Method/s of assessment Product and Knowledge (Questions/Tasks/Written) Overview of assessment  You will be assessed individually This Assessment comprises of f o ur (4) tasks .  You are required to provide short answer responses for each task in the template provided below in this Assessment Student Instructions (ASI).  Your responses should relate to your exiting business, or your intended business in the future  Each task will require you to research and analyse information to provide your response.  Each response has a guide or a word count guide  You will upload your work in LEARN (if studying online) or in person/via email to the lecturer (if studying face-to-face) Task/s to be assessed The purpose of this assessment is to assess student’s knowledge and understanding in relation to:  Tax registrations needed to operate your business  Developing a procedure to identify areas of non-compliance and for complying with tax legislative and regulatory requirements  Implementing the procedure that you have developed to identify areas of non- compliance and for complying with tax legislative and regulatory requirements  Taxation Record Keeping Requirements Please use the template provided below in this Assessment Student Instructions (ASI) to complete Document name: fafd883a735f6a86eb6a931a58b6a0ff37a66fdf.docx2 page 1 Document Set Release Version: v1.5 – 1/04/2022 © TAFE SA | RTO CODE 41026 | CRICOS 00092B TAFE SA Template Version: Assessment Student Instructions v5.0 Document development version: v151.0

Assessment Student Instructions your work. Time allowed This assessment will take approximately one and a half (1.5) hours. Online Due in week two (2) or as negotiated by your assessor. Face-to-face classes Due one (1) week from the end of the last workshop, or as negotiated by your assessor. Location of assessment At TAFE SA, or the workplace or an environment with computer and internet access. Decision making rules To receive a satisfactory outcome for this assessment, you must complete all f our (4) tasks and provide short answer responses. All responses must answer the task correctly, meeting the minimum word count. If you have been assessed as not satisfactory will be provided feedback you will be given two (2) weeks to complete the resubmission against the same assessment tasks. Assessment conditions The assessment is unsupervised in a safe environment. Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry. This includes access to  business technology, including internet access for desktop research  legislation, regulations, codes of practice and standards relating to business described in performance evidence Resources required TAFE SA facilities or a location with equipment and infrastructure required:  Access to a computer with internet access  Access to the TAFE SA network  Access to LEARN - If studying online  Assessment booklet and resources – if studying face-to-face  Microsoft office (Word/Excel)  Unit Assessment Outline (UAO) Specific resources for this assessment: Document name: fafd883a735f6a86eb6a931a58b6a0ff37a66fdf.docx2 page 2 Document Set Release Version: v1.5 – 1/04/2022 © TAFE SA | RTO CODE 41026 | CRICOS 00092B TAFE SA Template Version: Assessment Student Instructions v5.0 Document development version: v151.0

Assessment Student Instructions  The following websites o ato.gov.au  Face-to-face study - access to class resources including assessment booklets, handouts and templates Result notification and reassessment information Result notification  The assessment result will be satisfactory or not satisfactory.  Your educator will result a final grade for the unit at the end of each study period.  Online study - Your assessor will provide feedback through the LEARN platform.  Face-to-face study - Your assessor will provide feedback in class as you progress through your study. Written feedback to be provided via assessment booklet. Reassessment  All students are entitled to two attempts to achieve each assessment task within any unit enrolment period.  If you have been assessed as not satisfactory will be provided feedback you will be given two (2) weeks to complete the resubmission against the same assessment tasks.  Re-assessment timeframe will be negotiated with your assessor. Assessment 2 – Taxation 2.1 Small business tax registrations and obligations Research the range of small business tax registrations listed below and answer the questions. Record your answers in the tables provided. Word guide – 20 to 50 words per registration The cells in the table will expand to take the text you enter. A. Australian business number (ABN) 1. Explain what an ABN is and when it is used. Identify your business Claim GST 2. What is “no ABN withholding? The invoice without ABN will need to hold 46.5% of total amount 3. Is an ABN needed for your business? Yes Document name: fafd883a735f6a86eb6a931a58b6a0ff37a66fdf.docx2 page 3 Document Set Release Version: v1.5 – 1/04/2022 © TAFE SA | RTO CODE 41026 | CRICOS 00092B TAFE SA Template Version: Assessment Student Instructions v5.0 Document development version: v151.0

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